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Tanzania, Uganda, and South Africa Are the Top African Markets for Remittance Inflows in Kenya
Diaspora remittances decreased by 3.4 percent, as Kenyans working and living abroad sent home $338.7 million (Sh38.3 billion) in January 2022 compared to a monthly record high of $350.6 million (Sh39.6 billion) in December.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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The Next Financial Inclusion Revolution: The Transformative Potential of Scaling Small Group Savings in the World’s Poorest Communities
Despite $52 billion invested in financial inclusion in 2019 alone, nearly 2 billion people – many of them among the world’s poorest – still lack access to formal finance. As Jeffrey Ashe at Grassroots Finance Action points out, these communities often turn to informal savings and credit groups to meet their financial needs – but there are many who are too poor and marginalized to be invited to be part of these groups. He explores a proposal that aims to expand access to informal savings groups to reach these financially excluded individuals around the world.
- Categories
- Finance
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Emerging Markets Lender Lendable Seeks $100 Million to Fund Fintech Companies
Emerging markets fintech financier Lendable is targeting to raise a $100 million fund to invest in African and Asian fintech companies.
- Categories
- Finance, Investing, Technology
- Region
- Asia Pacific
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Backed by Greycroft, Klasha Gets $2.4 Million To Improve Cross-border Commerce in Africa
Klasha, a Lagos and San Francisco-based startup, sees a niche in cross-border commerce and provides multiple integrations and APIs to facilitate transactions in that space.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Pera Hub Teams up With Brankas To Introduce Digital Remittance Platform in Southeast Asia
The platform based in the Philippines will aim to offer tech services to an array of companies and businesses online remittance services.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Kenya’s Wapi Pay Raises $2.2 Million Pre-Seed for Cross-Border Payments Between Africa and Asia
Wapi Pay will use the investments to engage regulators for licensing across Africa and for scale, product and geographical expansion.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Taptap Send Gets $13.4 Million for a No-Fee Money Transfer Service Aimed at Price-Conscious Emerging Market Users
Taptap Send, which provides a “free” mobile money transfer service from eight countries to 15 others, has raised $13.4 million, that it will be using to continue expanding its scope and the services that it provides to its customers.
- Categories
- Finance
- Region
- Global
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Viewpoint: How Bitcoin Improves Financial Access and Inclusion
Bitcoin is, for many, the first opportunity to store wealth in a safe and secure manner, without outside manipulation, while facilitating financial inclusion.
- Categories
- Finance
- Region
- Global
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