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Resolving the Core Tension of Impact-Focused Fintech: A Viable Model for Reaching Rural Women with Digital Financial Services
Reaching last-mile communities is challenging for a business that also has to attend to its own bottom line. Claudia Sosa Lazo at IDEO.org discusses a partnership between IDEO.org, BRAC, bKash and the Busara Center for Behavioral Economics that is seeking profitable ways to bring digital financial services to rural women in Bangladesh. She explains how the partnership provides a model for other businesses and NGOs that hope to unlock both profit and social impact, while bringing beneficial products to the world’s most excluded communities.
- Categories
- Finance, Technology
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OPay, Mastercard Tie-Up Drives Financial Inclusion in Middle East, Africa
OPay and Mastercard are collaborating to drive financial inclusion across the Middle East and Africa by partnering to open up digital commerce in the region.
- Categories
- Finance
- Region
- Global
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Pan-African Fintech App, Bamba Lands $3.2 Million Seed Funding
Through an android application, Bamba allows micro-merchants across Africa to run their entire business utilising their phones. Funds will be used to scale the platform.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, MSMEs
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Indonesian FinTech Firm Xendit Raises $300 Million Series D funding co-led by Coatue and Insight Partners
Xendit, an Indonesia-based payments infrastructure platform, announced Thursday it closed $300 million in Series D funding, taking the total amount raised to $538 million to power the world’s fastest-growing digital economy.
- Categories
- Finance, Technology
- Region
- South Asia
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Press Release: Fashinza Raises $100 Million Series B to Create Sustainable Supply Chain For Global Fashion Industry
Fashinza is using the new funds to invest in supply chain technology and expand the company’s presence globally.
- Categories
- Environment, Technology
- Region
- Asia Pacific
- Tags
- e-commerce, fintech
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Blockchain Startup Aimed at Financial Inclusion Secures $25 Million Dollar Capital Commitment
Finance Blocks will focus on emerging markets and the unbanked.
- Categories
- Finance, Technology
- Region
- Global
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Brazilian Fintech Nomad Raises $32 Million in Series B Funding
Latin American fintech Nomad, which enables Brazilians to establish bank accounts in the United States, has raised $32 million in Series B financing.
- Categories
- Finance
- Region
- Latin America
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Identitypass, an Identity Verification API for Africa, Raises $2.8 Million Seed Funding
Addressing the need for fintechs and digital businesses in Africa to perform stringent KYC and verification checks on their customers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, fintech, startups
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