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Commerce Platform ShopUp Raises $75 Million in Largest Funding Round in the South Asian Market
ShopUp, a startup that is digitizing neighborhood stores in Bangladesh, has raised $75 million in a new financing round that is also the largest in the South Asian market.
- Categories
- Investing
- Region
- Asia Pacific
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Cotopaxi Secures $45 Million From Bain’s Impact-Oriented Fund
Smith said Cotopaxi will continue to expand the brand as it strives toward its goal of “building the next great outdoor brand, focused on people.”
- Categories
- Investing, Social Enterprise
- Region
- Global
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Filling the Water Access Funding Gap: Three Lessons to Maximize the Impact of Innovative Finance
More than two billion people still live without access to safe drinking water, but global funding to meet their water needs is severely lacking. As Lauren Cuscuna of Safe Water Network explains, innovative financing mechanisms can help fill the gap – but blended finance transactions in the water sector are lower than in other industries. She shares three key lessons Safe Water Network has learned while implementing innovative financing approaches to meet the long-term needs of the local water enterprises it works with in Ghana and India.
- Categories
- Finance, Impact Assessment, Technology, WASH
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Sequoia Heritage, Stripe and Others Invest $200 Million in African Fintech Wave at $1.7 Billion Valuation
Wave, a U.S. and Senegal-based mobile money provider has received the largest Series A in Africa by a long shot, and is geared toward taking on telecom-led mobile money.
- Categories
- Finance, Investing, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Analysis: Innovative Financing for the Sustainable Development Goals
The Executive Secretary at the United Nations Economic and Social Commission for Asia and the Pacific shares why more needs to be done to harness the potential of innovative financing for the SDGs.
- Region
- Global
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Press Release: TriLinc Global Sustainable Income Fund II Secures Funding of $18 Million in Partnership With BlueOrchard Impact Investment Managers
TriLinc Global Sustainable Income Fund II announced a new funding of $18 million in partnership with BlueOrchard Finance Ltd to provide financing to middle market companies operating in Emerging Markets around the world.
- Categories
- Investing
- Region
- Global
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Press Release: The ABC Fund Supports Bolivian Microfinance Institution CIDRE IFD With Multi-Million-Dollar Investment
The Agri-Business Capital Fund (‘ABC Fund’) has announced that it is investing USD 4.7 million in Centro de Investigación y Desarrollo Regional (‘CIDRE IFD’), a microfinance institution providing financial support to smallholder farmers in Bolivia.
- Categories
- Agriculture, Finance, Investing
- Region
- Latin America
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Fintech is Not Enough: Why Startup Investments in Africa Must Diversify Across Sectors
Africa is often considered one of the world's largest untapped venture markets, and this potential has fueled interest in the region's tech startups. But as Elo Umeh of Terragon Group explains, though investments have been increasing, they have typically focused only on certain sectors, like fintech and off-grid tech. He explores the value in diversifying these investments across other growing industries, including edtech, agritech and martech, and urges founders and investors to extend their resources to build a robust and complementary technology ecosystem on the continent.
- Categories
- Investing, Technology
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