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Brazilian Payments Firm, EBANX, Expands into 8 New African Countries
Besides Africa, the fintech firm also revealed its plans for further expansion across Latin America and the Caribbean.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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MyZoi Raises $14 Million to Bolster Financial Inclusion Among Low-Income Migrant Workers
myZoi aims to use the funds raised to expand its inclusive and differentiated proposition for the underbanked and their families.
- Categories
- Finance, Technology
- Region
- North Africa & Near East
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Kotani Pay Secures $2 Million Pre-Seed Funding for Cross-Border Crypto Remittances in Africa
Kotani Pay, a Nairobi-based crypto payments startup, secures $2 million pre-seed funding to facilitate cross-border remittances for underserved populations in Africa.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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LemFi Bags $33 Million in Series a Funding Round to Fuel Global Expansion
LemFi launched in Canada in 2020 to enable “easy and low-cost” remittances to Nigeria, Ghana and Kenya.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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Mastercard to Purchase a Minority Stake in MTN’s $5.2 Billion Fintech Business
According to MTN Group president and CEO Ralph Mupita, the deal will be structured as a commercial partnership on payments and remittances.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
- Tags
- corporations, fintech, remittances
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Yunus Was Wrong — Savings, Not Credit, is a Human Right: Here’s How the Financial Inclusion Sector Can Shift its Focus
After playing a key role in the early development of the microfinance sector, Jeffrey Ashe went to Bosnia in the mid-1990s to consult on a new microfinance project. In those days, microcredit was widely viewed as a silver bullet that could end poverty, but while working in Bosnia, he learned that informal savings groups were already providing an effective alternative to formal loans in the local community. Ashe has spent the subsequent decades studying and supporting savings groups in countries around the world. He shares research that illuminates these groups' vast global impact, and argues that they could achieve far more if the financial inclusion sector supported them.
- Categories
- Finance
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IndusInd Bank Announces Partnership with Wise to Offer Low-Cost Online Inward Remittance Services
IndusInd Bank has today announced its partnership with Wise, the global technology company specializing in moving and managing money around the world.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Analysis: It’s a Family Affair: One Billion People Benefit From Migrant Earnings
For many households, the money sent back from an overseas family member helps make ends meet, is a lifeline in a crisis, drives social mobility, and even supports the broader community.
- Categories
- Finance, Technology
- Region
- Global
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