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India’s ZestMoney Raises $20m to Grow Its Digital Lending Service
The round is led by Quona Capital, a stealthy Washington-based fund that invests in emerging market fintech and has an office in India.
- Categories
- Finance, Technology
- Region
- South Asia
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Vietnam Telcos Ready to Pilot Mobile Money
The three operators have submitted applications to launch mobile money services that will allow customers to transfer money using mobile phones, including Vietnam's unbanked population.
- Categories
- Finance, Telecommunications
- Region
- Asia Pacific
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Cambodia, Singapore In Cross-Border FinTech Pact
The banks have also agreed to share data on emerging markets. The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions.
- Categories
- Finance
- Region
- Asia Pacific
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Naspers Arm PayU Buys Fintech Startup Wibmo in $70 Million Deal
Founded in 1999 by Setlur and Veena Mistry, Wibmo provides digital payment security technology in India and other emerging markets.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech, startups
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Can Ecsponent Find Profitable Traction at MyBucks?
It seems that under Van Niekerk, MyBucks — like BFS — has found itself under mounting financial stress. MyBucks’ interim results to end-December showed a net loss after tax of €4.8m (R78.2m), with the net asset value of the company negative by €2.56m (R42m).
- Categories
- Finance
- Tags
- fintech
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Nigeria Establishes Mobile Money Agents Loan Scheme
The Central Bank of Nigeria announced it would facilitate loans of up to NGN500 million ($1.4 million) to mobile money agents and registered companies in the sector as part of a plan to boost financial inclusion.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Cathay Innovation and AfricInvest to Raise $168m Africa VC Fund
Barrier could not say when the fund would be closed, but did confirm investments could come as early as summer 2019. He expects to see strong local showing for startups from across Africinvest’s 10 country offices in Abidjan, Algiers, Cairo, Casablanca, Dubai, Lagos, Nairobi, Paris, Port Louis and Tunis. The firm will open an office in Johannesburg in the near future, according to a company release.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Dubai DIFC Launches Roadmap for Fintechs Entering Middle East and Africa
The report, launched at the conference, provides recommendations and guidance for FinTech firms looking to capitalise on the growth potential of the region. It draws on the experience of a select number of FinTech firms, as well as a venture capital fund and leading banks that have established businesses or plans for the market.
- Categories
- Finance
- Region
- North Africa & Near East
- Tags
- fintech