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Analysis: Remittance Flows Into Africa Are Fostering Entrepreneurship
Wealthy private investors and a tech-savvy middle class in Africa are helping to bridge early-and-growth stage funding gaps for startups.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- innovation, remittances
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Pomelo Exits Stealth Mode With $20 Million Seed to Rethink International Money Transfer
Pomelo wants to make it easier to send remittance payments and conduct international money transfers, with a credit twist.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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African Central Banks Are Toughening up on Flutterwave Signaling What Other Startups Should Expect
In Ghana, the company’s relationships with banks are being reviewed as part of a surveillance of the financial system.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- governance, remittances, startups
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To Tax or Not to Tax Mobile Money: The Impact on Digital Financial Services in Africa and Beyond
Mobile money is widely seen as a promising engine for global development. But governments in Africa are also increasingly viewing it as a lucrative source of tax revenue. With critics raising concerns about the impact of taxing mobile money and other digital financial services, Adrienne Lees and Phil Mader at the Institute of Development Studies explore whether existing research can inform any confident predictions about the effects of these taxes on providers, customers and the broader financial inclusion sector.
- Categories
- Finance, Telecommunications
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Zazuu Raises $2 Million for African Remittance Platform
African money movement platform Zazuu has completed a fundraising round that will allow it to build a more robust remittance offering for residents living in the diaspora.
- Region
- Sub-Saharan Africa
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The Battle for a Share of Zimbabwe’s Billion Dollar Remittance Industry
The scramble is on for Zimbabwe’s billion dollar remittance industry with local and international fintech institutions vying for a share of the pie.
- Region
- Sub-Saharan Africa
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Viewpoint: Cryptocurrencies: Africa’s New ‘Blood Diamonds’
Central African Republic (CAR), the world’s second-poorest country, is nowhere near ready for payments via cryptocurrencies. Yet CAR’s authorities threaten significant fines and other penalties on vendors who refuse to accept bitcoin for payments.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Bankingly of Uruguay Raises $11 Million in Equity Round Led by Dalus Capital to Help Financial Institutions Boost Digital Inclusion in Africa, Asia, Latin America
Uruguay’s Bankingly recently secured an investment package totalling USD 11 million, which it plans to use to expand in Latin America and Africa as well as enter Southeast Asia.
- Region
- Latin America
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