NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

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.

Source

TechCrunch (link opens in a new window)

Categories

Finance, Technology

Tags

emerging markets, financial services, fintech, mobile banking, mobile loans, technology

MTN Cameroon to Soon Offer Mobile Savings and Loans Services

it will serve as the intermediary connecting users with financial institutions as is the case in Ghana with MTN Ghana and Kenya with M-Shwari.

Source

Business in Cameroon (link opens in a new window)

Categories

Finance

Region

Sub-Saharan Africa

Tags

digital finance, fintech, microcredit, microsavings, mobile banking, mobile lending, mobile loans, mobile money, MTN

Alarm Over Numbers of Mobile Loan Defaulters in Kenya

Currently, there are more than 380,000 Kenyans that have so far defaulted on loans taken from mobile money lenders according to a comprehensive report by Metropol Corporation CEO, Sam Omukoko.

Source

Kenyans.co.ke (link opens in a new window)

Categories

Finance

Region

Sub-Saharan Africa

Tags

emerging markets, fintech, microcredit, mobile lending, mobile loans, mobile money