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Tanzania Slashes Controversial Mobile Money Levy
The levy charged on sending, receiving money using mobile phones drew criticism for heaping burden on people.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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ZirooPay To Tap Africa’s $500 Billion Retail Market With Unique Mobile POS Technology
ZirooPay will leverage its recent funding round to tap into the growing opportunities in Africa’s retail sector.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Talk360 Raises $4 Million Seed Round to Expand its Calling Business, Build African Payment Platform
Talk360’s calling app raises capital to expand footprint and brand across Africa, and open its’ payment platform to other merchants.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Resolving the Core Tension of Impact-Focused Fintech: A Viable Model for Reaching Rural Women with Digital Financial Services
Reaching last-mile communities is challenging for a business that also has to attend to its own bottom line. Claudia Sosa Lazo at IDEO.org discusses a partnership between IDEO.org, BRAC, bKash and the Busara Center for Behavioral Economics that is seeking profitable ways to bring digital financial services to rural women in Bangladesh. She explains how the partnership provides a model for other businesses and NGOs that hope to unlock both profit and social impact, while bringing beneficial products to the world’s most excluded communities.
- Categories
- Entrepreneurship, Finance, Technology
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Pan-African Fintech App, Bamba Lands $3.2 Million Seed Funding
Through an android application, Bamba allows micro-merchants across Africa to run their entire business utilising their phones. Funds will be used to scale the platform.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Bankingly of Uruguay Raises $11 Million in Equity Round Led by Dalus Capital to Help Financial Institutions Boost Digital Inclusion in Africa, Asia, Latin America
Uruguay’s Bankingly recently secured an investment package totalling USD 11 million, which it plans to use to expand in Latin America and Africa as well as enter Southeast Asia.
- Region
- Latin America
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Macquarie-Led Group Gains $610 Million Stake in Bersama Digital Infrastructure
A consortium led by Macquarie Asset Management has announced a US$610 million investment to acquire a minority stake in Bersama Digital Infrastructure Asia Pte. Ltd.
- Categories
- Investing, Technology
- Region
- South Asia
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Kenya’s Sokowatch Secures $125 Million Series B, Rebrands to Wasoko
Kenyan startup Sokowatch, an e-commerce company leveraging technology to transform the informal retail supply chain, has closed a US$125 million Series B equity round.
- Categories
- Technology
- Region
- Sub-Saharan Africa