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Amazon Announces $250 Million Venture Fund for Indian Startups
Amazon on Thursday announced a $250 million venture fund to invest in Indian startups and entrepreneurs focusing on digitization of small and medium-sized businesses (SMBs) in the key overseas market.
- Categories
- Uncategorized
- Region
- Asia Pacific
- Tags
- e-commerce, MSMEs, startups
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Uganda’s Tugende Closes $3.6 Million Series A Extension to Meet the Demand for Its Asset Finance Products
The investment, which, according to the company, was agreed on and structured in 2020, follows the $6.3 million raised in November 2020 and led by Toyota Tsusho investment fund Mobility 54. This brings Tugende’s total Series A financing to $9.9 million.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- MSMEs, transportation
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Indifi Secures $5 Million Debt Funding From IndusInd Bank
Gurugram-based online lending platform Indifi Technologies—enabling credit for small businesses—on Monday announced $5 million debt financing from IndusInd Bank Ltd, with a guaranty from US International Development Finance Corporation (DFC).
- Categories
- Coronavirus, Investing, Technology
- Region
- Asia Pacific
- Tags
- impact investing, MSMEs
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Press Release: DFC Promotes Gender Equity in Financing Across India With $50 Million Investment
U.S. International Development Finance Corporation (DFC) today announced the second disbursement of a $50 million loan to Northern Arc Capital to expand access to loans in several priority sectors across India.
- Region
- Asia Pacific
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Press Release: Kinara Capital Secures 7 Million From IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs
Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- financial inclusion, MSMEs
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Land Bank of the Philippines Lends Over $143 Million to MSMEs and Co-Ops for COVID-19
The Land Bank of the Philippines (LANDBANK) has approved loans totaling P6.95 billion for 227 borrowers composed mostly of micro, small and medium enterprises (MSMEs) and cooperatives that are affected by the impact of the COVID-19 pandemic.
- Categories
- Coronavirus, Finance
- Region
- South Asia
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Kinara Capital Secures $10 Million in Funding From IndusInd Bank
Kinara Capital on Monday said it has secured $10 million in funding from IndusInd Bank, with a 100% guarantee from the US International Development Finance Corporation (DFC).
- Categories
- Investing
- Region
- Asia Pacific
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Kenyan Startup Finplus Passes $500 Million Transaction Value Mark
Kenyan fintech startup Finplus Group has announced its software has now processed over US$503 million in combined transaction value in less than four years of operations.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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