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Safaricom and mSurvey launch Consumer Wallet to map Africa’s cash economy
Kenya’s leading mobile provider, Safaricom, is teaming up with data collection startup mSurvey to launch Consumer Wallet ― an online platform using mobile and SMS to map Africa’s cash-based economy.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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FinTech’s Elephant Seal Problem
Like the elephant seal, most fintech companies are focused on growing as large as possible. That means they usually choose a free business model to facilitate growth. Kristen Berman and Wendy De La Rosa of the Common Cents Lab say there's a better way: Abandon the free model and focus on removing the true psychological barriers to financial management.
- Categories
- Technology
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National Microfinance Bank to digitize agricultural sector in Tanzania
National Microfinance Bank Pic (NMB) has signed a strategic partnership agreement with Mastercard to ensure the digitization of the agricultural sector in Tanzania with the roll-out of eKilimo, a mobile solution developed by the Mastercard Lab for Financial Inclusion.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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Dymon Asia announces first close of $50M fund for fintech, focused on Southeast Asia
Hedge fund Dymon Asia is getting into the venture capital game after it announced its maiden fund. Dymon Asia Ventures is focused on fintech deals and it is targeting a $50 million raise. Today, its founding partners disclosed a first close of $20 million from a range of LPs that include Thai bank Siam Commercial (SCB), which invested an undisclosed sum via its Digital Ventures arm.
- Categories
- Impact Assessment, Investing
- Region
- Asia Pacific
- Tags
- fintech, venture capital
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Don’t Call It A Robo: Motif Launches Custom Automated Impact Investing
Advisors late to the impact investing game may have missed their chance -- there’s now a digital platform for that. Silicon Valley-based Motif Investing is introducing Motif Impact, a values-oriented digital investing solution.
- Categories
- Impact Assessment, Investing
- Region
- North America
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RegTech for Regulators: Reimagining Financial Supervision and Policymaking
The authors – representing BFA, USAID, the Gates Foundation and Omidyar Network – say tomorrow's financial customers and service providers will be able to leverage technology to engage in a real-time, two-way conversation to quickly obtain information and resolve problems, benefitting consumers, regulators and financial institutions alike.
- Categories
- Finance, Technology
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First FinTech Fund for Inclusion of the Underserved Raises $141 Million
The first FinTech fund created to help the underserved has closed, reaching millions in capital contributions, which will go toward people and companies who need assistance in the financial sector.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Vodafone Slams Proposed Split of Kenyan M-Pesa as`Ridiculous’
Safaricom Ltd, East Africa’s biggest mobile-phone company, would have to reconsider future investment in Kenya if proposals to break up the company are implemented, the head of mobile money at parent Vodafone Plc said.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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