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Kenyan E-commerce Startup Sky.Garden Raises $4 Million Series A Funding Round
Sky.Garden, a software-as-a-service (SaaS) platform for mobile commerce that is built specifically for African businesses, has closed a US $4 million round of Series A funding to accelerate its growth.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: Lack of Digital Infrastructure Risks Leaving Millions of Rural Families in Poverty – IFAD Makes Urgent Call on International Day of Family Remittances
Despite a massive increase in migrants sending money home via digital transfers due to the COVID-19 pandemic, millions of their rural family members struggle to access mobile banking services which could help lift them out of poverty.
- Categories
- Agriculture, Finance
- Region
- Global
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SVB-Led $100 Million Investment Makes Chipper Cash Africa’s ‘Most Valuable Startup’
Chipper Cash, a three-year-old startup that facilitates cross-border payment across Africa, has closed a $100 million Series C round to introduce more products and grow its team.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nigeria’s Flutterwave Partners Amole to Drive Seamless Remittance and Financial Inclusion in Ethiopia
Nigerian Fintech company, Flutterwave has partnered with Amole, Ethiopia’s largest mobile Digital Wallet platform, to facilitate remittance into Ethiopia.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Accel-Backed Mobile Money Platform Nala to Start Offering Remittance Services to East Africa
In Tanzania, mobile money services can be relatively difficult to use due to unstable internet and high service fees.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Outdated but Not Obsolete: Why USSD Is Still Key to Driving Digital Inclusion in Sub-Saharan Africa
As of late 2019, mobile internet adoption stood at just 26% across sub-Saharan Africa, and internet access remains expensive and unreliable even for people who can afford a smartphone. In light of that reality, Wole Olayinka of insiderPR argues that digital inclusion efforts should embrace USSD, a communications protocol that connects feature phone users to basic digital services even without internet access. He explores the advantages and downsides of this outdated – but surprisingly flexible – technology.
- Categories
- Coronavirus, Technology
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With Over 1.3 Million Users, Nigerian-Based Fintech FairMoney Wants to Replicate Growth in India
There are more than 1.7 billion underbanked people globally, the majority of which are from emerging markets. For them, accessing loans can be difficult, which is a problem fintechs try to solve. One way they do this is by promoting financial inclusion by underwriting credit via a proprietary algorithm.
- Categories
- Finance, Technology
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Maintaining a Critical Link To Last-Mile Customers: Challenges and Opportunities Facing Financial Service Agents During COVID-19
Agents are a critical last-mile link to financial services for lower-income households and micro- and small enterprises. But as the COVID-19 crisis has spread globally, it has had a profound effect on how agents operate, introducing new restrictions – and new responsibilities. Nisha Singh and James Robinson at Itad explore the findings from a recent report that highlights key strategies for building and managing high-performing agent networks despite the challenges of the pandemic.
- Categories
- Coronavirus, Finance, Technology
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