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KYC is a Journey, Not a Destination: The Value of Know-Your-Customer Innovation for African Tech Startups
Identity theft is increasingly common in Africa, and the problem is likely to get worse. According to Lanre Ogungbe at Identitypass, digital access is expanding rapidly on the continent, and tech startups are under pressure to create frictionless signup processes for new users, which sometimes comes at the expense of better security. He argues that this has created an urgent need for better Know Your Customer (KYC) processes, and explores why tech startups should view KYC not as a regulatory obligation, but rather as an opportunity for innovation that can improve their products, protect their customers and increase their business success.
- Categories
- Finance, Technology
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KreditBee Closes Second Tranche Of Its USD 200 Million Series D Fundraise
Closed a USD 200 million primary fundraise from Advent International, MUFG Bank and existing investors.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- fintech
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Moneyview Raises $75 Million in a Series E Funding Round in India
The proceeds of this capital raise will be used as growth capital to scale the core credit business.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Announcing NextBillion’s Most Influential Articles of 2022: Vote for Your Favorite!
It's time for NextBillion's “Most Influential Article of the Year” contest, in which we select our 12 most-read articles from the past year and invite readers to choose their favorites. We welcome you to read the articles and to vote by scrolling down to the voting app at the bottom of this announcement — or at the individual articles in the contest, which are linked in this announcement and posted on our homepage. You can vote up to one time per hour during the voting period, which will run from Dec. 21 to Jan. 3. We wish you a happy holiday season and a prosperous new year!
- Categories
- Agriculture, Coronavirus, Energy, Environment, Finance, Impact Assessment, Investing, Social Enterprise, Technology
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Visa to Invest $1 Billion in Africa to Accelerate Digital Transformation
Visa has pledged to scale operations, deploy new innovative technologies, deepen collaboration with partners and advance innovative and inclusive economies across Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Kredito Banks $6 Million as the Latin American Business Lender Eyes International Expansion
Over a year after grabbing $4 million in pre-seed funding, Chile-based Kredito, a business lending startup, is back with another $6 million in new funding.
- Categories
- Finance
- Region
- Latin America
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Pan-African Early-Stage Firm Ventures Platform Closes Fund, Hits $46 Million
Ventures Platform, a Pan-African early-stage venture capital firm, has closed its fund at $46 million as it looks to double down on “category-leading” companies across the continent.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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FinTech Enabler Ukheshe International Attracts Investment From DPI And Fireball Capital To Fuel International Expansion
Ukheshe was established to drive financial inclusion across Africa and beyond, by creating new ways for businesses to develop and grow their financial services offerings.
- Categories
- Finance, Investing, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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