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Verdant Capital Expands Investment in LOLC Africa to $13.5 Million, Boosting MSME Financing Across the Continent
"Recognised as one of the world’s leading microfinance groups, LOLC targets customers at the “bottom of the pyramid” by improving access to financial services and increasing customer deposits across underserved communities."
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Beams Fintech Fund Joins Infinity Fincorp’s USD $40 Million Funding Round
With a pan-India presence spanning 127 branches across eight states, Infinity Fincorp claims to have grown its loan book to INR 1,100+ crores as of January 2025.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Cambodia, Malaysia Launch Phase 2 of Cross-Border QR Payment System
According to the NBC, the launch is expected to enhance cross-border payment options, particularly for Malaysians travelling to Cambodia.
- Categories
- Finance, Technology
- Region
- South Asia
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New Fund Sabou Capital to Invest up to $1.5 Million in 25 African SMEs
The fund expects a modest 2-3x return on investment—closer to the 3- 5x range typical of private equity—compared to the high-risk 10x expectations of venture capital.
- Categories
- Energy, Environment, Technology, Transportation
- Region
- Sub-Saharan Africa
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Ex-network International Execs Raise $6.75 Million for Enza, an African Fintech Serving Banks
The fintech, which has raised $6 million in seed funding, is building infrastructure for banks and fintechs, offering a range of local payment solutions, from cards to wallets to real-time payments.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, infrastructure, MSMEs, scale, startups
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uMunthu Fund Exits Baobab Nigeria
The impact of this now-completed partnership is far-reaching: from operating only in Kaduna state to 16 states in Nigeria.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Shifting from Aid to Entrepreneurship: A Better Response to Forced Displacement
In 2024, the number of forcibly displaced people worldwide reached nearly 123 million. According to Mary Mwangi at Inkomoko, this growing reality, coupled with shrinking humanitarian aid, demands a new response. Instead of seeing forcibly displaced people as passive recipients of aid living in costly refugee camps, she urges the global development sector to view them as individuals with entrepreneurial drive and economic potential. She explores how Inkomoko is working to empower displaced entrepreneurs in Africa through financing, skill development and access to markets.
- Categories
- Investing
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IFC and IDB Invest Forge Partnership with Itaú Unibanco to Issue First Bond with a Focus in Biodiversity and Social Initiatives in Brazil
This marks Itaú's first bond with a focus on biodiversity, aimed at increasing access to credit for green projects.
- Categories
- Environment, Investing
- Region
- Latin America
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