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The Rise of Embedded Finance in Africa: Three Fintech Innovators Highlight its Potential to Boost Financial Inclusion and Business Growth on the Continent
In Egypt and other African countries, recent years have seen growing usage of fintech tools to boost financial inclusion. Basil Moftah at Nclude explores the impact of one such tool: embedded finance, in which a financial product is placed within a non-financial product, customer experience or platform. He discusses how the emergence of embedded finance is revolutionizing business operations and providing a catalyst for digitization and growth, across sectors ranging from hospitality to agriculture and pharmaceuticals.
- Categories
- Finance
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InDrive Launches Ventures and M&A Arm to Invest $100 Million in Startups Across Emerging Markets
InDrive will be investing vertically and horizontally from the ride-hail industry, with an eye toward either acquiring or using the services of those companies.
- Categories
- Investing, Transportation
- Region
- Global
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Shekel Mobility Secures $7 Million to Drive Vehicle Financing in Africa
Shekel Mobility, a B2B trading platform catering to car dealers in Africa, secured a $7 million seed in a round led by Ventures Platform and MaC VC.
- Categories
- Transportation
- Region
- Sub-Saharan Africa
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Developing Countries Owe China at Least $1.1 Trillion – And the Debts Are Due
China remains the world’s single largest official source of development finance and continues to out-fund any single Group of Seven (G7) developed economy as well as multilateral lenders.
- Categories
- Investing
- Region
- Global
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MicroVest Invests in Bayport Colombia to Expand Access to Payroll Loans for Public Sector Employees
The investment aims to support Bayport’s goal of broadening its reach to a larger portion of public sector employees and pensioners to expand credit accessibility and financial empowerment.
- Categories
- Investing
- Region
- Latin America
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USD 26.5 Million to Bridge Energy Gaps in Sub-Saharan Africa
Oikocredit’s investment will support multiple solution providers with funds to procure, construct and maintain DRE generation and distribution assets in rural Africa.
- Region
- Global
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Scaling Climate Finance for Smallholder Agriculture: Lessons Learned from Partnering with Farmer-Allied Businesses
Small-scale agriculture supports the livelihoods of more than 600 million families and generates over 40% of jobs in Asia and sub-Saharan Africa. Yet as Elizabeth Teague at Root Capital points out, agricultural livelihoods are highly vulnerable to climate change, and smallholder farmers receive just 1.7% of global climate financing. She discusses how Root Capital is working with farmer-allied enterprises to help close this gap, sharing what they’ve learned about how to design and scale climate financing for smallholder communities.
- Categories
- Agriculture, Environment, Investing
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Promoting Financial Inclusion in Colombia’s Rural and Post-Conflict Areas
The debt facility provided by Triodos Microfinance Fund and Triodos Fair Share Fund will enable UNI2 to further expand its loan portfolio.
- Categories
- Finance
- Region
- Latin America
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