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Southeast Asia’s Fintech Startups Face Shakeout From Coronavirus
The coronavirus is unlikely to halt the rapid advance of fintech firms in the emerging landscapes of Southeast Asia. Along the way, however, it is amplifying the gains of some startups while inflicting pain on many others.
- Categories
- Coronavirus, Finance
- Region
- South Asia
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Press Release: GoBear Grabs $17M in Funding to Accelerate Its Financial Services Across Asia
GoBear, a Singapore based fintech startup, has raised US$17 million in a funding round led by returning investors Walvis Participaties, a Dutch VC firm, and Aegon N.V., a Netherlands-based asset management company, according to a press statement.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- digital finance, fintech, startups
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Press Release: Impact of COVID-19 on the Online Payment Methods Market in the Middle East & Africa
According to the report, cash on delivery was the leading payment method preferred by online shoppers in Saudi Arabia, Jordan, Egypt, Morocco, Kenya, and other countries in this region, as of 2019. The COVID-19 outbreak in early 2020, however, is changing this perspective.
- Categories
- Coronavirus, Finance, Technology
- Region
- North Africa & Near East
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Cash, Long a Refuge in Uncertain Times, Now Under Suspicion
This time cash itself, passed from hand to hand across neighborhoods, cities and societies just like the coronavirus, is a source of suspicion rather than reassurance.
- Categories
- Coronavirus, Finance
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When Digital Payment Goes Viral: Lessons from COVID-19’s Impact on Mobile Money in Rwanda
Cash can help spread COVID-19, so some African countries have ramped up efforts to expand digital payments to fight the virus. According to Isabelle Carboni and Hennie Bester at Cenfri, this imperative to digitize is one of the key opportunities to emerge from the pandemic. They explore the early experiences of Rwanda, in assessing the impact these efforts can have.
- Categories
- Coronavirus, Finance
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Viewpoint: How Emerging Fintech Can Help Latin America Deal With the Challenges of COVID-19
Currently, there are 703 fintech startups operating in Latin America, with more than 50 percent being launched in the last six years. Still, more can be done to expand this burgeoning market, with endless socioeconomic benefits.
- Categories
- Coronavirus, Finance, Technology
- Region
- Latin America
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Estonia-based Fintech AskRobin, which Aims to Serves Underbanked Latin Americans, Secures $1.7 Million in Capital
AskRobin, a fintech firm that manages a financial services marketplace for underbanked Latin American clients, has secured $1.7 million in capital.
- Categories
- Finance
- Region
- Latin America
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Four Stories of Financial Exclusion: How Identity Barriers are Blocking Financial Access for Refugees and Other Vulnerable Groups
Venezuela's emigration crisis has reached epic proportions. And according to Anjali Ramachandran at Storythings, among the millions who have fled the country, countless people lack financial access because they struggle to prove their identity. She highlights the stories of refugees and others whose lives could be improved by alternatives to traditional ID requirements.
- Categories
- Finance