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Mobile money-saving app Qapital raises $30 million to spend on growth
Qapital, one of a slew of mobile applications trying to make it easier for users to save money (and spend it more wisely), has raised $30 million in fresh financing as it expands beyond savings to offer investment advisory services.
- Categories
- Inclusive Fintech
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Press release: Mobile Lender Tala Announces India Expansion, Fueled by USD 65m in New Financing
The U.S.-based financial technology company has delivered credit to nearly 1.3 million customers and originated more than $300 million globally.
- Categories
- Inclusive Fintech, Investing
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Delhi-based fintech startup Affordplan raises Series B round
Affordplan, a Delhi-based fintech startup that makes healthcare services accessible through planned savings for non-emergency treatments, has raised fresh capital in its Series B round from a clutch of investors.
- Categories
- Inclusive Fintech, Investing
- Region
- South Asia
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NRD Foundation Supports Jibu with First Philanthropic Pledge
The foundation was inspired by Aziz Hashim, the successful multi-unit franchisee that created a franchise-focused private equity firm NRD Capital, to support social entrepreneurs and job growth around the world. The first focus for the foundation is Africa, where NRD Capital already has investments.
- Categories
- Entrepreneurship, Investing, WASH
- Region
- Sub-Saharan Africa
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How Steve Jobs inspired PARK, a soccer social enterprise that’s on the hunt for $500,000 in equity crowdfunding
As Apple’s former creative director, Davy regularly sat down with Jobs and even worked on developing a “global giving platform” through iTunes. It was a project that never fully eventuated due to Jobs’ health difficulties, but in the following years, Davy kept coming back to the idea of business models that make a solid impact.
- Categories
- Entrepreneurship
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Impact investor Aavishkaar-Intellecap to raise up to $75m to fund growth
The capital raised from the fundraising will allow Aavishkaar-Intellecap Group to support its subsidiaries as they look to scale and to seed some new businesses, says founder Vineet Rai.
- Categories
- Investing
- Region
- South Asia
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“Impact” versus “returns-driven” investing in Africa
2017 was the best year on record for African tech startups in funding terms, with 159 companies from across the continent securing a combined total of US$195 million.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Press release: Global Venture Capital Investment in Fintech Industry Set Record in 2017, Driven by Surge In India, US and UK, Accenture Analysis Finds
Fintech financing rose 18 percent in 2017, to US$27.4 billion, with the value of deals in the U.S. jumping 31 percent, to $11.3 billion. Deal values almost quadrupled in the U.K., to US$3.4 billion, and soared nearly fivefold in India, to US$2.4 billion. The number of fintech deals also rose sharply, from just over 1,800 in 2016 to nearly 2,700 in 2017, underscoring continued appetite from investors scouring the globe for innovation in insurance, banking and capital markets startups.
- Categories
- Inclusive Fintech, Investing
- Tags
- fintech, funding, India, investors, venture capital
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