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Mobile Banking App Empower Finance Just Closed a $20 Million Series A Round
Another afternoon, another round of funding for a mobile banking app. This time, it’s Empower Finance, a San Francisco-based company that’s headed up by former Sequoia Capital partner Warren Hogarth and which just closed on $20 million in Series A funding from Icon Ventures and Defy Ventures.
- Categories
- Finance
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Press Release: Telepin Selected to Power Economic Development and Humanitarian Initiative in Yemen
Yemen is facing the world's worst humanitarian crisis, according to the United Nations. For the 24 million people displaced by escalating hostilities, access to humanitarian aid is their only protection against deadly famine. Telepin and ONE, the go-to-market brand by the National Wallet Company (NWC), hope to improve that access and give Yemenis more control over their daily lives.
- Categories
- Finance
- Region
- North Africa & Near East
- Tags
- fintech, mobile banking, refugees
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Airtel and Mastercard Expand Digital Banking Services Across 14 African Countries
Telecoms and mobile money services provider, Airtel Africa announced that it is partnering with Mastercard to give over 100 million Airtel Africa mobile phone users across 14 African countries access to Mastercard’s global network.
- Categories
- Finance
- Region
- Latin America
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Africa’s Most-Populous Nation Missed the Mobile Money Revolution
Nigeria is a laggard in a region that accounts for half of the world’s 866 million mobile banking and payment accounts.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Building The ‘Super App’ For The African Market
Tingg is taking a layered approach to the market, catering to different customers and business segments. Bill payment is a starting point, but the services on offer are relevant to banking, eCommerce, hospitality, food, travel, logistics and agriculture. In short, anywhere funds need to flow, Tingg aims to be the hub that makes it possible – and from as many locations as possible.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Kreditech, the AI-Based Near-Prime Loans Platform, Nabs $22m Under New CEO to Expand Globally
This is an equity round that it will be using to continue building its business specifically in the latter of those four countries — doubling down on the fact that India is not only one of the world’s biggest economies, but one of the fastest-growing, too.
- Categories
- Finance
- Region
- South Asia
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Online Banking Still a Reserve for the Rich in Kenya – Survey
People in higher income brackets use their phones to obtain more information on products and services before purchase, and across all income brackets, users regularly keep track of their online fund balances.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Melinda Gates Pushes G7 to Close Digital Gender Gap in Africa
G7 finance ministers meeting in France are to endorse a paper from the Gates Foundation saying there is a serious risk that digital technology and mobile banking will bypass millions of women in Africa, leaving them disempowered for a generation.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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