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Paylend, a Kenyan FinTech Company Raises $2 Million Seed Investment From Next Chymia Consulting HK Limited
Paylend, a Kenyan FinTech startup focused on providing access to finance and digitizing MSMEs in Kenya have today announced that it has raised a $2 million dollars seed investment from Next Chymia Consulting HK Limited.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Viewpoint: Dump Diamonds for Digital? Botswana Bets on Tech
Phatsima has also built an organisation that trains thousands of young girls in robotics, coding and entrepreneurship programmes.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Brazilian Consumer Credit Startup Open Co Raises $115m in SoftBank-led Round
Open Co, a São Paulo-based consumer credit company, announced today that it has raised $115 million in a round led by SoftBank Latin America Fund.
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- Finance
- Region
- Latin America
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Santander to Invest $6 Billion in Digital Transformation in Latin America
Spain’s Santander will invest around $6 billion between 2022 and 2024 to promote digital transformation of its Latin American operations.
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- Finance, Technology
- Region
- Latin America
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4DX Ventures and Flutterwave Co-invest in Payments Processor CinetPay in Africa
CinetPay, a digital finance platform that enables merchants in Francophone Africa to seamlessly accept and make payments, has announced a $2.4 million seed fundraising round from 4DX Ventures and Flutterwave.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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India’s Unconventional COVID-19 Recovery: How Platformization and Digitalisation Can Build an Inclusive Post-Pandemic Economy
Most of India's labour force is employed in the informal sector, and these workers have faced unique challenges during the COVID-19 pandemic: Over 78% of them lost their livelihoods in the initial lockdown, and many remain unemployed or underemployed. But Chhavi Banswal at Ola Mobility Institute highlights a silver lining behind these dark clouds – accelerated digitalisation and platformization. She explores how gig/platform workers have become a key part of the country's economy, and discusses a recent report showing how digital platforms can expand employment opportunities for all.
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- Finance, Technology
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The Ins and Outs of Launching a Digital Savings Product in Kenya: Regulatory Guidance for Fintech Startups
Kenya is among the most advanced markets in the world in terms of fintech innovation and digital financial services. But according to Abby Butkus at BFA Global's Catalyst Fund, this innovation has yet to extend to digital savings, where the uncertain regulatory environment requires startups to be creative in their approach. She discusses four ways startups are approaching the regulatory process for their digital savings products, and shares a set of guides Catalyst Fund has released to aid founders in navigating the regulatory environments in Kenya and other countries.
- Categories
- Finance, Technology
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Indonesian Fintech Flip Secures $48 Million in Series B To Support Expansion
Flip, an Indonesia-based fintech startup, announced it has raised $48 million in a Series B to accelerate its growth.
- Categories
- Finance
- Region
- South Asia