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African Fintech Firm Flutterwave Raises $35M, Partners With Worldpay
With the funding, Flutterwave will invest in technology and business development to grow market share in existing operating countries, CEO Olugbenga Agboola — aka GB — told TechCrunch.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Catalyst Fund Secures $15M Commitment from UK Aid, JP Morgan
With the additional investment, Catalyst Fund will support the development, growth and reach of 30 new fintech solutions to boost financial inclusion for an additional 1 million underserved people in Kenya, Nigeria, South Africa, India and Mexico, it said in a statement.
- Categories
- Finance
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Fintech Startups Are Making It Easier for Nigerian Millennials to Invest in US Stocks
Beyond payments and digital banks, there’s a growing crop of “wealthtech” or wealth management startups offering investment opportunities to willing users in Nigeria
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Brazil’s Unicorn FinTech EBANX Pilots Digital Wallet
Founded in 2012, EBANX originally processed payments for Brazilian clients of global websites and recently expanded to offer services to Brazilian eCommerce platforms.
- Categories
- Finance
- Region
- Latin America
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Cash Is Dying, and the Unbanked Are Being Left Behind
A report by the Boston Consulting Group identified five main barriers to cashless payment systems: high cost of electronic payments to retailers, lack of solutions for the customer, lack of governmental support, insufficient trust in digital payments, and an absence of support infrastructure. And those reasons make sense.
- Categories
- Finance
- Region
- North America
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Gates Foundation Mobile Money Projects in Developing World to Go Live This Year
Kosta Peric, deputy director of financial services for the poor at the Bill & Melinda Gates Foundation, said projects in Pakistan, Tanzania and eight West African countries could go live as early as the middle of this year.
- Categories
- Finance
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Jeff App, the ‘Tinder for Loans’, Raises €150k to Boost Financial Inclusion in Southeast Asia
Latvian fintech startup Jeff App has raised €150K to further evolve its “Tinder for loans” solution in the Vietnamese market, as well as expand to Indonesia later in 2020. A number of European business angels participated in the Jeff App pre-seed round, the very first company’s funding round to date.
- Categories
- Finance
- Region
- Asia Pacific
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Authors of New York’s P2P ‘Public Venmo’ Bill Hope for Greater Decentralization
Published on Oct. 17, 2019, the white paper sets out the Inclusive Value Ledger (IVL) plan, which aims to bolster the mechanisms of the state’s monetization, production, saving and spending with the help of new digital technologies.
- Categories
- Finance
- Region
- North America
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