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Pastel Locks in $5.5 Million Seed Funding Led by TLcom to Optimise African SMEs
80% of Nigeria’s 40 million micro, small and medium enterprises (MSMEs) fail to last beyond their fifth year, owing to a lack of digitisation and sub-optimal business practices.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Indonesian MSME Enabler Majoo Raises $10 Million Series a Funding
Majoo will act as a driving force for digitization and continue empowering and growing MSMEs with its end-to-end solution.
- Categories
- Technology
- Region
- South Asia
- Tags
- MSMEs
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Press Release: Bancoagricola Increases Financing to the Productive Sector and Climate Investments in El Salvador by 30%, Through a Partnership With IFC
This partnership increased the financing for MSMEs by 30% for businesses managed by women and climate-smart investments in El Salvador.
- Categories
- Energy
- Region
- Latin America
- Tags
- decarbonization, MSMEs
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Analysis: SME-Focused Impact Investment is Being Sidetracked in India
In the impact investing ecosystem, SME-focused investing currently doesn’t look to be getting enough traction, according to experts.
- Categories
- Investing
- Region
- Asia Pacific
- Tags
- impact investing, MSMEs
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Press Release: “Sunshot Initiative” Launched by Husk Power to Impact 2 Million Nigerians by Scaling Solar Microgrids for Rural Economic Growth
The “Nigeria Sunshot Initiative” will benefit at least 2 million Nigerians with reliable, renewable energy by 2026.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Pan-African Fintech App, Bamba Lands $3.2 Million Seed Funding
Through an android application, Bamba allows micro-merchants across Africa to run their entire business utilising their phones. Funds will be used to scale the platform.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, MSMEs
-
Kinara Capital Raises $50 Million in Equity from Nuveen, ASN Microkredietfonds to Boost Lending to MSMEs in India
India’s Kinara Capital recently raised INR 3.8 billion (USD 50 million) in equity from the Global Impact Fund of US-based Nuveen.
- Categories
- Finance
- Region
- Asia Pacific
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Press Release: Fintech Kinara Capital Secures USD $50 Million in Equity, Led by Nuveen
Fresh Equity Round comes from Nuveen’s Global Impact Fund and Triple Jump’s ASN Microkredietfonds
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- financial inclusion, fintech, MSMEs
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