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African Remittance Startup LemFi buys UK Card Issuer
Remittance flows to low- and middle-income countries rose nearly 6% last year to $685 billion, according to a World Bank estimate.
- Categories
- Finance, Technology
- Region
- Global
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Which Countries Will Be Hit Hardest by the US Remittance Tax?
The figures in this article show how the United States’s proposed tax could impact formal remittances, including both the tax itself and the price effects.
- Categories
- Finance
- Region
- Global
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Nigerian Fintech Bets on UK Diaspora With Remittance Push
The MonieWorld service enables money transfers from the UK to Nigeria, the latest in a growing number of remittance products from Africa targeting the $100 billion that flows annually from immigrants in the diaspora to the continent.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nigerian Fintech Lemfi Secures $53 Million Series B Funding to Drive European Expansion
The new funding will enable Lemfi to secure additional licenses and form new partnerships while enhancing its offerings with localized services.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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India Tops Global Remittance Charts at USD $125 Billion in 2023: World Bank Report
The Indian economy, buoyed by a tight labour market in the United States and robust employment growth in Europe, outperformed previous forecasts.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- employment, migrants, remittances
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Achieving the Latina American Dream: How Entrepreneurship Can Empower Latin American Migrant Women and Their Communities
Latin American migrant women in the U.S. have the potential to be drivers of economic growth for themselves, their families, their communities and their countries — both native and naturalized. But as Carmen Correa at Pro Mujer explains, they often lack the tools and opportunities they need to build successful livelihoods, while facing unique obstacles. She explores why entrepreneurship provides a solution to these challenges, and discusses a free skilling platform that Pro Mujer offers to support Latina migrants in their entrepreneurial journey.
- Categories
- Finance
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The Graduation Approach isn’t Just for Extreme Poverty: An Innovative Project Leverages it to Rebuild Livelihoods After Forced Relocation
The Graduation Approach is a proven way to sustainably build the livelihoods of people living in extreme poverty. But as Anton Simanowitz at Social Performance Solutions explains, it is also being leveraged in contexts that go beyond poverty alleviation. He discusses one such application, exploring a pilot program that used the Graduation Approach to rebuild livelihoods in a community that experienced forced relocation due to mining activities.
- Categories
- Energy, Environment
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Press Release: Kiva Announces Global Commitments for Women and Refugees at Clinton Global Initiative 2023 Meeting
Kiva’s initiatives will improve the lives of over half a million women and refugees and expand critical partner network for greater financial inclusion.
- Categories
- Investing, Social Enterprise
- Region
- Global
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