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Press Release: OPEC Fund Approves Close to $1.2 Billion New Development Funding
The funding will support smallholder farmers and businesses, promote the construction of resilient infrastructure, provide clean water & sanitation solutions and increase climate resilience.
- Categories
- Environment
- Region
- Global
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Press Release: DFC Announces $70 Million in New Investments in India to Advance Shared Priorities in Health Systems, Affordable Housing, and Small Business Support
The country is DFC’s largest market with approximately $3.8 billion invested as of FY2023, including $820 million in new investments made last year.
- Categories
- Investing
- Region
- Asia Pacific
- Tags
- housing, MSMEs, public health, vaccines
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Senegalese Fintech Startup Rubyx Secures $440,000 Loan From Proparco
Rubyx has developed a cloud-native, API-driven digital lending platform that enables service providers to rapidly launch innovative loan products and meet the evolved expectations of borrowers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Solving the Funding Challenges of Indian MSMEs: The Advantages of Founder-Friendly Non-Dilutive Financing
About 30% of India’s GDP is generated by micro, small and medium enterprises (MSMEs), which provide jobs for more than 110 million people and account for around 50% of the country’s exports. But as Bhavik Vasa at GetVantage points out, a drop in private equity and venture capital investments has led many of these entrepreneurs to shift towards more founder-friendly types of non-dilutive capital. He discusses the funding challenges facing Indian MSMEs, and why alternative forms of non-dilutive financing are uniquely suited to these businesses' needs.
- Categories
- Finance, Investing, Technology
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Egypt-Born FlapKap Raises $34 Million Pre-Series A to Scale SME Financing Across MENA
FlapKap aims to continue to address a major challenge in the MENA region, where the SME financing gap is estimated at $180 billion, per the International Finance Corporation.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Puntored Raises $2 Million From Stellar Development Foundation
Puntored will use the funds to expand its technological capabilities and enable cross-border transactions across Latin America through the Stellar blockchain network.
- Categories
- Finance, Technology
- Region
- Latin America
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Ghanaian Fintech Fido Closes $30 Million in Series B Funding Round
Fido is exploring mobile technology and different data sources to provide quick micro-loans to individuals and SMEs who can’t access traditional bank credits.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Logidoo Unveils Afridoo to Empower African E-Commerce with a Unified Platform
With Afridoo, businesses across the continent can now streamline their online operations, expand their reach, and overcome logistical challenges.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital inclusion, e-commerce, MSMEs
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