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Report: Fintech Funding in Southeast Asia Triples to Record $3.5 Billion This Year
Financial technology funding in Southeast Asia jumped more than three times in the first nine months of this year compared with full-year 2020, reaching a record $3.5 billion, a report showed.
- Categories
- Finance, Technology
- Region
- South Asia
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Local Context Matters: Why Localization is Key to Accelerating Financial Inclusion in Africa
Mobile technology has proven to be an effective tool for broadening financial inclusion in Africa. But as Kenny Orisanaiye at HollaTags Limited points out, the continent’s cultural diversity complicates these efforts, as Africa has several thousand ethnic groups and over 2,000 distinct languages. He explores how financial service providers can design innovative solutions to this challenge by embracing localization and adapting their products and user engagement content to serve the specific cultural requirements of the African market.
- Categories
- Finance, Technology
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Fidelity, Visa and Kingsway Back South African Fintech Jumo in $120 Million Round
JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Emerging Markets Lender Lendable Seeks $100 Million to Fund Fintech Companies
Emerging markets fintech financier Lendable is targeting to raise a $100 million fund to invest in African and Asian fintech companies.
- Categories
- Finance, Investing, Technology
- Region
- Asia Pacific
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South Africa API Fintech Stitch Expands to Nigeria; Extends Seed Round to $6 Million
South African API fintech startup Stitch has extended its seed round to US$6 million from the US$4 million announced earlier in the year, and at the same time confirmed its expansion into Nigeria.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: Digitalisation of Financial Service Providers To Serve Low-income Customers
The World Savings and Retail Banking Institute (WSBI)’s programme for financial inclusion, Scale2Save, launched ‘A case study on connecting with low-income customers through digitalisation.’
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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South Africa’s RecoMed Raises $1.5 Million To Scale Its Online Healthcare Marketplace
South African online healthcare marketplace RecoMed has raised a $1.5 million financing round, the company confirmed to TechCrunch.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Ventures Platform, Hustle Fund Back Nigerian Fintech Brass in $1.7 Million Round
Aside from full-stack financial needs, including credit, small and medium businesses require other essential resources to understand their financial operations. Brass is a Nigerian fintech tackling these challenges by providing banking services to small and medium businesses.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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