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New Report Details How Nigerian Fintech Companies Are Expanding Their Business Scopes
The 20-paged report was unveiled during a webinar that was organised by The Economist Intelligence Unit.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Press Release: MIX’s 2020 Inclusive Fintech 50 Application Period Announced
The application period for the 2020 Inclusive Fintech 50 opens on June 15. The initiative elevates promising early-stage fintechs driving financial inclusion and resilience around the globe through a competitive process led by an independent panel of judges from venture capital, technology, and financial services.
- Categories
- Finance
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Uber Africa launches Uber Cash with Flutterwave and explores EVs
Uber is launching its Uber Cash digital wallet feature in Sub-Saharan Africa through a partnership with San Francisco-based — Nigerian-founded — fintech firm Flutterwave.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Philippines Based Digital Financial Services Firm Ayannah Merges With Indian Payments Company Equity Capital Advisors
Philippines based Ayannah, an online financial services provider, and India’s payments firm Equity Capital Advisors (ECAPS) have merged their operations in order to provide cost-effective and more accessible financial services to South Asia and Southeast Asia’s growing middle-class population.
- Categories
- Coronavirus, Finance
- Region
- South Asia
- Tags
- fintech, insurance, remittances
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Halal Fintech Startup Wahed Closes $25m Led by Saudi Aramco’s Investment Arm
New York-based fintech startup Wahed (meaning “One” in Arabic) describes itself as a digital Islamic investment platform and as the world’s first “halal robo adviser.” It has now closed a $25 million investment round led by Saudi Aramco Entrepreneurship Ventures (also known as Wa’ed Ventures), a venture capital investment arm of oil giant Saudi Aramco.
- Categories
- Finance
- Tags
- fintech
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Four Lessons Utility Providers Can Learn from the Financial Inclusion Sector
Over 1 billion people lack reliable access to essential services like sanitation, potable water and electricity - and reaching them remains a stubborn challenge. But as Jacob Winiecki and Malika Anand at BFA point out, the financial inclusion industry has learned a lot about how to serve low-income customers in remote communities. They share four key lessons in this thought-provoking article.
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Post: 2019 Was a Record Year for VC Funding in Emerging Markets
Last year marked records for venture investment in a number of emerging private capital markets, including Africa, Southeast Asia, Latin America, India and CEE and CIS , according to a recent report by EMPEA.
- Categories
- Coronavirus
- Tags
- edtech, fintech, nonprofits
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China and India Reportedly Have Highest Fintech Adoption Rate, but New VC Funds Mainly Focused on Revenue-Generating Fintechs
Efi Pylarinou, a Fintech and Blockchain Advisor based in Switzerland, notes that funding is “on everybodys’ mind,” which might particularly be true for early-stage startups that have not yet acquired a significant user base.
- Categories
- Finance
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