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Extending Insurance in Times of Crisis: How an Innovative Partnership is Serving Low-Income Micro-Business Owners in Indonesia
During a crisis like COVID-19, insurance can offer businesses in developed countries some degree of resilience. However, entrepreneurs in emerging markets often lack the access or awareness to take advantage of this protection. Carlie Joselowitz at N-Frnds discusses the challenges of delivering insurance to these small businesses – and an innovative partnership that aims to solve them.
- Categories
- Coronavirus, Finance, Investing
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Halal Fintech Startup Wahed Closes $25m Led by Saudi Aramco’s Investment Arm
New York-based fintech startup Wahed (meaning “One” in Arabic) describes itself as a digital Islamic investment platform and as the world’s first “halal robo adviser.” It has now closed a $25 million investment round led by Saudi Aramco Entrepreneurship Ventures (also known as Wa’ed Ventures), a venture capital investment arm of oil giant Saudi Aramco.
- Categories
- Entrepreneurship, Finance
- Tags
- capital, entrepreneurs, fintech, investment
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Mexico Cites Virus in Slapping Down Renewable Energy
Industry associations said it will affect 28 solar and wind projects that were ready to go online, and 16 more under construction, with a total of dollar 6.4 billion in investments, much of it from foreign firms
- Categories
- Coronavirus, Energy
- Region
- Latin America
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Press Release: DFC Approves $1 Billion of Investments in Global Development
Projects support developing countries reeling from COVID-19 and include first transactions using equity and technical assistance
- Categories
- Entrepreneurship, Finance, Investing
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Viewpoint: Facebook Invests in Gojek to Drive Financial Inclusion & Businesses
Facebook has reportedly invested in Gojek, a ride-hailing & food delivery company in Indonesia, with an undisclosed sum.
- Categories
- Finance
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Press Release: Financing a Better Future – Launch of Water Unite Impact
Today, Water Unite is proud to announce the launch of the Water Unite Impact, managed by Wellers Impact. This investment vehicle, with planned capitalisation of US$ 100 million, will invest into private sector water, sanitation and plastics recycling firms globally. It will endeavour to address the gap in the funding landscape not currently filled by charitable foundations, microfinance institutions, commercial banks and traditional capital markets.
- Categories
- WASH
- Tags
- capital, emerging economies, investment, pollution, recycling, WASH, water
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Big Investment in African Tech Set to Continue in 2020
2019 was the year that dealmaking on the continent got serious. Very serious. In November alone, indeed one specific seven-day period in the month, investors announced over $400m for various fintechs on the continent. This was the wildest week the sector had ever witnessed. And no, it wasn’t a flurry of announcements for modest rounds, but in fact a succession of big-ticket deals for fintech companies, both old and new.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, investment, technology
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PalmPay launches in Nigeria on $40M round led by China’s Transsion
Africa-focused payment startup PalmPay has launched in Nigeria after raising a $40 million seed round led by Chinese mobile-phone maker Transsion. The investment came via Transsion’s Tecno subsidiary, with participation from China’s NetEase and wireless comms hardware firm Mediatek — a Transsion spokesperson confirmed to TechCrunch.
- Categories
- Technology
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