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UNCDF Partners with Our Telekom to Develop Mobile Money Services in Solomon Islands
Telekom to launch mobile money services in Solomon Islands in efforts to boost financial inclusion and transform the digital payments ecosystem in the country.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Press Release: Fintech Kinara Capital Secures USD $50 Million in Equity, Led by Nuveen
Fresh Equity Round comes from Nuveen’s Global Impact Fund and Triple Jump’s ASN Microkredietfonds
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Colombian Fintech Plurall Acquires Funding to Support Entrepreneurs in Latin America
Plurall, a Colombian Fintech firm that’s focused on enhancing the financial inclusion of Solopreneurs in Latin America, finalized a pre-seed round by securing $1.5 million in equity and $10 million debt financing.
- Categories
- Entrepreneurship
- Region
- Latin America
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Rethinking the Role of Business in Conservation: Why Small Local Enterprises are Key to Biodiversity and Climate Action
Climate change mitigation and adaptation are a key focus of attention in the global development sector. But according to Julia Rohe-Frydrych and Luis Ebert at adelphi, these discussions tend to overlook the conservation of the planet’s biodiversity, and they often fail to envision a role for the private sector that goes beyond providing climate finance. They argue that climate change and biodiversity loss are two sides of the same coin, and explore the importance of empowering local businesses that profit from the protection or restoration of nature.
- Categories
- Entrepreneurship, Environment
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Google Announces New Initiatives to Boost Small Business Recovery
Google has committed support for startups, nonprofits and small, medium-sized and microenterprises (SMMEs) in South Africa to accelerate digital transformation and contribute to the country’s economic recovery.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Second COVID Wave Batters Microfinance, Lenders Positive on Outlook in India
The gross loan portfolio of microfinance companies in India fell in the first quarter of FY22 as demand for credit dropped due to restrictions imposed during the second COVID-19 wave.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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COVID-19 Is Showing Small Businesses the Benefits of Digital Financial Services: Here Are Three Ways Providers Can Use Data to Better Serve Them
Digital access to financial services has been growing in recent years, but COVID-19 has made it all the more necessary. BancoSol, a commercial bank serving 1.5 million Bolivian microentrepreneurs, saw its digital transactions rising over the last year and wanted to extend this trend beyond the pandemic — but it wasn't sure how. Kathleen Yaworsky at Accion and Aaron Lewin at Mastercard discuss how their organizations are supporting BancoSol through data-driven insights, and share three steps microfinance institutions can take to better serve the needs of their micro and small business customers.
- Categories
- Coronavirus, Finance
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Press Release: Husk Power Systems Becomes First Minigrid Company to Power 100 Communities, 5,000 Small Business Customers
Today, Husk Power Systems, (huskpowersystems.com), the leading rural energy company operating renewable minigrids in Asia and Africa, announced that it has achieved two industry firsts: surpassing 100 community minigrids, and serving more than 5,000 micro-enterprise customers.
- Categories
- Energy
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