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Kredivo’s Parent Firm FinAccel Raises $90m to Expand Its Credit Lending Platform in Southeast Asia
The app enables customers to secure credit between $100 and $2,200. If a customer pays it back in full in a month, FinAccel does not charge them any fee.
- Categories
- Finance
- Region
- Asia Pacific
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What’s Really Driving Africa’s ‘Investment Frenzy’?: An Entrepreneur Responds to Investor Concerns
In her much-discussed NextBillion article about avoiding “the Africa investment frenzy,” impact investor Lauren Cochran urged entrepreneurs to forego the “growth-at-all-costs” approach to scaling and “the ego-boost of big rounds and press releases.” But Zoona co-founder Mike Quinn argues that her advice ignores a reality that many investors don’t recognize. Quinn pushes back on Cochran's argument from an entrepreneur's perspective in this compelling counterpoint.
- Categories
- Finance, Investing, Social Enterprise
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Goldman Makes Biggest Mexico Fintech Bet With MercadoLibre Loan
Goldman Sachs Group Inc. agreed to lend $125 million to Mercado Credito, the bank’s third loan to a Latin American fintech this year and the biggest ever in Mexico.
- Categories
- Finance
- Region
- Latin America
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Why More Smartphones and Bank Accounts Haven’t Brought Financial Digital Inclusion in India
India's financial sector has been a gung-ho adopter of technology. But design of technology and finance have hardly reflected users’ lived realities.
- Categories
- Finance
- Region
- South Asia
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Argentina-based Mobile Payments Fintech Ualá Raises $150 Million via Series C Investment Round
Argentina-based mobile payments firm Ualá has been valued at almost $1 billion in its most recent investment round, which was led by Chinese tech giant Tencent, according to sources familiar with the details of the transaction.
- Categories
- Finance
- Region
- Latin America
- Tags
- digital payments, fintech
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Credit startup Migo expands to Brazil on $20M raise and Africa growth
After growing its lending business in West Africa, emerging markets credit startup Migo is expanding to Brazil on a $20 million Series B funding round led by Valor Capital Group.
- Categories
- Finance
- Tags
- fintech, venture capital
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Finding Partners in Uncharted Territory: How to Harness Network Effects to Build Relationships When You’re Starting from Scratch
Learning how to navigate a complex and changing stakeholder landscape is an essential skill for anyone in the social impact space. But how do you go about identifying and building relationships with new partners when you’re charting new geographic or thematic territory? Mari-Lise du Preez at insight2impact discusses network science-based tactics to identify key actors and cultivate strong relationships among them.
- Categories
- Finance
- Tags
- data, financial inclusion, fintech
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Silicon Valley-Backed App Lenders Use Phone Data to Hassle Borrowers
Silicon Valley venture capital is funding a wave of fintech startups in India that use data from borrowers’ cellphones to collect on debts in ways that are illegal in both India and the U.S.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- fintech, lending, regulations
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