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Kredete Raises $2.25 Million to Help African Immigrants Build Credit Score and Make Low-Cost Remittances
Kredete leverages blockchain technology to enable African immigrants to build credit and send money home with low fees, offering a dual benefit that addresses significant financial integration challenges for immigrants.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Solving the Funding Challenges of Indian MSMEs: The Advantages of Founder-Friendly Non-Dilutive Financing
About 30% of India’s GDP is generated by micro, small and medium enterprises (MSMEs), which provide jobs for more than 110 million people and account for around 50% of the country’s exports. But as Bhavik Vasa at GetVantage points out, a drop in private equity and venture capital investments has led many of these entrepreneurs to shift towards more founder-friendly types of non-dilutive capital. He discusses the funding challenges facing Indian MSMEs, and why alternative forms of non-dilutive financing are uniquely suited to these businesses' needs.
- Categories
- Finance, Investing, Technology
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Egypt-Born FlapKap Raises $34 Million Pre-Series A to Scale SME Financing Across MENA
FlapKap aims to continue to address a major challenge in the MENA region, where the SME financing gap is estimated at $180 billion, per the International Finance Corporation.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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South Africa Fintech Startup Omnisient Raises $7.5 Million Series A Funding for Global Expansion
South African “privacy-by-design” startup Omnisient has raised US$7.5 million in Series A funding to support its expansion across Africa and beyond.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Puntored Raises $2 Million From Stellar Development Foundation
Puntored will use the funds to expand its technological capabilities and enable cross-border transactions across Latin America through the Stellar blockchain network.
- Categories
- Finance, Technology
- Region
- Latin America
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Revolutionizing Payments in Kenya: Interswitch and Tuma Launch Tumatap
The system’s core strength lies in its ability to convert everyday smartphones into functional point-of-sale (POS) terminals.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, innovation, partnerships
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Ghanaian Fintech Fido Closes $30 Million in Series B Funding Round
Fido is exploring mobile technology and different data sources to provide quick micro-loans to individuals and SMEs who can’t access traditional bank credits.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Mastercard Selects India for the Global Launch of Its Payment Passkey Service, Accelerating Secure Online Checkout for Millions of Shoppers
Payment passkeys speed up transactions using biometrics, enhancing security and convenience for consumers and businesses.
- Categories
- Finance
- Region
- Asia Pacific
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