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Brazilian Fintech RecargaPay Raises $70 Million Series C Round
Founded in Brazil in 2010, RecargaPay set out to provide a comprehensive and user-friendly financial services ecosystem that would be accessible even to people who do not have bank accounts.
- Categories
- Finance
- Region
- Latin America
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Stori Raises $32.5 Million in a Lightspeed-led Series B to Build Mexico’s Credit Card for the Masses
While credit cards are commonplace in the United States, they are far less ubiquitous in many other countries, particularly those in Latin America. In Mexico in particular, cash remains the dominant method of payment, with an estimated 86% of all payments being in the form of cash.
- Categories
- Finance, Technology
- Region
- Latin America
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Viewpoint: How Blockchain-Powered Fintech Services Can Improve Financial Inclusion
Until now not many new financial services make it genuinely easy for new users to use fintech products, especially those that involve blockchain or cryptocurrency.
- Categories
- Technology
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Creation Investments Sets up India-Focused $100 Million Debt Fund
Global impact investor Creation Investments Capital Management LLC has set up a debt fund in India, for which it will raise $100 Mn to invest in the country.
- Categories
- Finance
- Region
- Asia Pacific
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Kinara Capital Secures $10 Million in Funding From IndusInd Bank
Kinara Capital on Monday said it has secured $10 million in funding from IndusInd Bank, with a 100% guarantee from the US International Development Finance Corporation (DFC).
- Categories
- Investing
- Region
- Asia Pacific
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Analysis: Kenya Is Becoming a Global Hub of Fintech Innovation
Powered by smartphones and social apps, China has used remote payments and the digitization of money management to build a steady vehicle of financial inclusion. But it may not be the leader for long.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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With Over 1.3 Million Users, Nigerian-Based Fintech FairMoney Wants to Replicate Growth in India
There are more than 1.7 billion underbanked people globally, the majority of which are from emerging markets. For them, accessing loans can be difficult, which is a problem fintechs try to solve. One way they do this is by promoting financial inclusion by underwriting credit via a proprietary algorithm.
- Categories
- Finance, Technology
- Tags
- fintech
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MTN Teams up With Mastercard on Mobile Wallets in Africa
Africa’s leading mobile operator MTN has partnered with payment platform Mastercard to add online payment functions to its mobile wallet for user across its fintech footprint.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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