-
Press release: Dutch FMO and Rabobank Foundation Finance Kenyan Start-Up Apollo Agriculture
Apollo Agriculture has received a USD 250,000 convertible grant from FMO’s MASSIF Fund, which aims to take early high-investment risks and act as a catalyst for the growth of the private financial sector and financial inclusion in developing countries. The Rabobank Foundation has provided the start-up with a USD 250,000 loan.
- Source
- Press release
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
-
South African fintech JUMO secures first two commitments in new funding round
The startup’s platform helps facilitates digital financial services such as credit and savings in emerging markets.
- Categories
- Inclusive Fintech
- Region
- Sub-Saharan Africa
-
Breaking down France’s new $76M Africa startup fund
The $76 million (or €65 million) will divvy up into three parts, according to AFD Digital Task Team Leader Christine Ha.
- Categories
- Entrepreneurship, Investing, Technology
- Region
- Europe & Eurasia
-
The Funder Problem: Good Intentions Aren’t Enough
Despite their good intentions, funders are often the biggest barriers to social enterprises or nonprofits achieving impact. Open Road Alliance, a philanthropic initiative that gives emergency grants to impact-focused organizations, gathered and analyzed five years of data about roadblocks faced by over 100 grantees. Nearly half of the problems the group found were caused by funders. Laurie Michaels describes the three categories of funder-related barriers that account for the most frequent challenges – and offers some surprisingly easy fixes.
- Categories
- Entrepreneurship
-
SAARC fund to launch social enterprise programme in India and 7 other member nations
SDF is in the process of launching the SEDP as part of its social window, Motiwal said in an interview to PTI.
- Region
- South Asia
-
UN says Asia’s social enterprises face $2.5T funding gap
To address the $2.5 trillion funding gap in Asia, the United Nations is counting on the private sector to support social enterprises.
- Categories
- Entrepreneurship, Investing
- Region
- Asia Pacific
-
China’s Ant Financial raises $10 billion at $150 billion valuation
Ant’s first fundraising targeting global money values the firm at $150 billion, the people said, compared with about $60 billion after its previous fundraising in April 2016.
- Categories
- Inclusive Fintech
- Region
- Asia Pacific
-
Frontier Car Group raises $58M for its used-car marketplace for emerging economies
Frontier Car Group, a Berlin startup that has built a used car marketplace targeted specifically at countries outside of Western Europe and North America, is announcing $58 million in funding — $41 million in equity and $17 million in debt funding — to continue expanding its business into Africa, Latin America and Asia, where it has sold 50,000 vehicles since launching at the end of 2016 and is on track to do $200 million in annualised revenues per year.
Parent Organization
