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Credlix Acquires Nuphi, Grows Supply Chain Financing Business to $100 Million
NuPhi is a Singapore based fintech company offering invoice factoring solutions to MSME exporters in India and SouthEast Asia.
- Categories
- Finance, Technology
- Region
- Global
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Second COVID Wave Batters Microfinance, Lenders Positive on Outlook in India
The gross loan portfolio of microfinance companies in India fell in the first quarter of FY22 as demand for credit dropped due to restrictions imposed during the second COVID-19 wave.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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Asante Closes First Tranche of $7.5 Million Series a Funding to Bridge the Gap in MSMEe Lending in Africa
Asante Financial Services Group announces $7.5 million Series A investment anchored by Goodwell Investments with participation by other investors including Sorenson Impact Foundation and Forsage Holdings.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Analysis: The Precarious State of MSMEs: Understanding the Impact of COVID-19 and Opportunities To Support Their Recovery
In May 2020, The Center for Financial Inclusion (CFI), as part of our partnership with Mastercard’s Center for Inclusive Growth, launched a six-wave, longitudinal survey examining the impact of COVID-19 on MSMEs in four countries: Colombia, India, Indonesia, and Nigeria.
- Categories
- Coronavirus, Finance, Impact Assessment
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Visa, Nasscom Foundation to Train Women Micro-Entrepreneurs in India
Visa and NASSCOM Foundation will work with over 650 women micro-entrepreneurs and train them to go online, rebuild and expand their businesses in India.
- Categories
- Entrepreneurship, Technology
- Region
- Asia Pacific
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Analysis: Digitizing Africa’s Small and Midsize Businesses
To ensure Micro, small, and medium-sized enterprises (MSMEs) don’t get left behind and to accelerate digitization on the continent, startups, corporations, and policymakers should encourage digital solutions for consumers and business owners.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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IFC and FMO Partner With I&M Bank To Support SMEs in Kenya
The financial support will give smaller businesses across a range of sectors in Kenya access to financing for working capital, expansion, and to weather the effects of COVID-19.
- Categories
- Coronavirus, Entrepreneurship
- Region
- Sub-Saharan Africa
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