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Norfund Invests $20 Million in APIs Growth Markets Fund III to Propel Fintech Expansion in Developing Economies
Norfund aims to address the financial needs of underserved populations by broadening its investment strategy to include fintech ventures.
- Categories
- Finance, Technology
- Region
- Global
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OPay and Moniepoint Issue $17 Million Verve Cards as Nigerian Fintechs Switch From Visa and Mastercard
A change in consumer behaviour and macroeconomic conditions are leading Nigerian banks to issue local cards like Verve to customers, dumping international card schemes like Visa and Mastercard.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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Malaysia’s Paywatch Secures $30 Million Funding From a Mix of Equity and Credit Facilities
This is the largest funding round closed by an Malaysia-based earned-wage access (EWA) player in Southeast Asia.
- Categories
- Finance, Technology
- Region
- South Asia
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Fibe Raises USD $90 Million in Series E Round
Moving beyond a typical financial solutions provider, Fibe is playing a pivotal role in fulfilling the aspirations of young India - the world's largest workforce.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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NOW Money Raises USD $4 Million in New Funding
NOW Money in providing secure digital banking solutions specifically tailored for low-income and migrant workers in the Gulf Cooperation Council (GCC) region, offering accessible financial services to those who often lack basic banking facilities.
- Categories
- Finance, Technology
- Region
- North America
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African Tech Titans vs. Red Tape: How Striking the Right Regulatory Balance Can Advance the Continent’s Economic Future
Africa has emerged as a pivotal player in the global tech marketplace, with a digital economy that’s projected to grow to $712 billion by 2050. Yet according to Seyi Ebenezer at Payaza Africa Ltd., this potential is threatened by regulatory frameworks that struggle to keep pace with the rapid evolution of technology. He explores how overly stringent regulation is impeding business and economic growth in the region, and how regulators can foster innovation while protecting consumers and other stakeholders.
- Categories
- Finance, Technology
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Kanoo Highlights ‘Astronomical’ Local Growth Potential as Presence Expands Across West Africa and the Caribbean
Rees explains that Kanoo is looking for a partner for the continent of Africa for the Kanoo super app.
- Region
- Sub-Saharan Africa
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Rwanda Mulls a Digital Currency in Two Years – Central Bank
The national digital currency, according to the National Bank of Rwanda (BNR), would offer Rwandans a safe, free, and easy alternative to physical cash.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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