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World Bank’s IFC Backs Indian Insurtech Startup Onsurity in $24 Million Funding
Onsurity aims to fill the gap with its suite of offerings designed specifically for MSMEs enterprises and emerging businesses.
- Categories
- Investing, Technology
- Region
- Asia Pacific
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Press Release: IFC Grants Loan to Caja Los Héroes to Promote Financial Inclusion in Chile
This new financing seeks to further boost the growth and expansion of Caja Los Héroes' social credit framework.
- Categories
- Finance
- Region
- Latin America
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Wrap-Around Services Are Changing the Face of Microfinance – For the Better: New Research Shows the Impact of Going Beyond Credit
While loans have always been at the heart of microfinance, credit alone is often not enough to create meaningful impact. To address this, many providers offer additional wrap-around services — from training and health support to savings, insurance and payment solutions — aimed at increasing the impact of their loans. Devin Olmack at 60 Decibels shares findings from 60 Decibels' 2023 Microfinance Index, based on conversations with over 32,000 borrowers across 32 countries, that show the increasing need for a spectrum of services that go beyond microcredit.
- Categories
- Finance
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Citi Grants $6 Million in Debt to Colombian Fintech Sempli
This transaction falls under the Scaling Enterprise program, backed by the U.S. International Development Finance Corporation (DFC) and the Ford Foundation.
- Categories
- Finance, Technology
- Region
- Latin America
- Tags
- financial inclusion, fintech, lending, MSMEs
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UN- Kenya has Allocated $134 Million to Improve Farmers’ Access
The facility will feature a rural credit guarantee system that will help reduce the perceived and real risks associated with agricultural value chain lending.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Brazilian Startup Nagro Raises $49 Million
In total, Nagro has granted over $60M in credit to more than 5,000 rural producers and farmers.
- Categories
- Investing, Technology
- Region
- Latin America
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Paymentology and Nelo Partner to Boost Financial Inclusion in Mexico
The partnership will encompass support for Nelo’s Mastercard for in-person payments via Google Wallet.
- Categories
- Finance, Technology
- Region
- Latin America
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US International DFC Approves $20 Million for Ummeed Housing Finance
The project is expected to create a positive impact in Tier 2, 3 & 4 cities of India by improving access to institutionalized credit through affordable housing finance.
- Categories
- Finance
- Region
- Asia Pacific
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