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South African Fintech Startup JUMO Bags USD 3 Mn In Equity Investment From Proparco
JUMO leverages the mobile networks to provide loans and savings-products to its customers. It has developed a credit scoring algorithm which helps customers to unlock the value of their digital footprints by giving an accurate estimation of their creditworthiness.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Maisha Becomes First Microfinance Bank in Kenya to Offer Mobile Loans
Maisha MFB becomes the first telco-backed microfinance to launch a savings and mobile money solution in the market and the fourth financial institution, alongside banks like Commercial Bank of Africa (CBA), Kenya Commercial Bank (KCB) and Equity.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Two Billion Emerging Consumers are Only a Handset Away From Financial Inclusion
With mobile technology rallying across the emerging markets, the tools to turn the tide on financial inclusion are finally within reach. However, low-income consumers won't truly adopt the digital movement until they believe they can benefit from it. Michael Fernandes of LeapFrog Investments says educating 2 billion emerging consumers may sound like a daunting task, but it can be done.
- Categories
- Uncategorized
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International lenders battle to keep up with Kenyan rivals as mobile borrowing turns into a craze
Six broke university students were sitting in a room at Maseno University back in 2013, discussing how best to spend their Friday night. Without money, however, their options were looking pretty limited and very dull. As they glanced down at their phones in the hopes of finding a miracle, one of the students came across a text message he had received from M-Shwari, a mobile loans product that had launched a year earlier.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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