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Press release: Alipay Teams with NUS Enterprise to Launch Social Innovation Challenge
The Alipay-NUS Enterprise Social Innovation Challenge aims to identify and support the growth of start-ups in Southeast Asia that are using digital technology to build a more inclusive society.
- Categories
- Uncategorized
- Tags
- startups
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India prime minister says financial tech needs to be a ‘movement’ — not a ‘mechanism’
Indian Prime Minister Narendra Modi said on Wednesday that development of financial technology, or fintech, should be a movement that can improve the lives of the world's most marginalized people.
- Categories
- Finance
- Region
- South Asia
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Billion-dollar tech startups hold promise for China’s economy
Chinese tech companies listed in China and Hong Kong have seen their shares plunge this year, amid a market shakeout. But while the Shanghai Composite Index is down about 20% since the beginning of 2018, analysts say that there is still appetite for good startups.
- Categories
- Technology
- Region
- Asia Pacific
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Kenya sets aside funds to develop domestic mobile phone industry
Kenya’s minister of information, communication and technology said on Tuesday that the government had set aside 1 billion shillings ($9.90 million) to help local start-ups in the mobile telephone software and hardware segments to grow.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Mauritius-based startup works on first Africa-developed blockchain
A Mauritius-based startup is working on the first highly-efficient mobile blockchain developed in Africa, which it says is set to see large-scale consumer adoption by 2021.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- blockchain, fintech, startups
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Gates Foundation Partners Ripple and Coil in Financial Inclusion Initiative
Other than implementing Ripple’s Interledger Protocol, ways of using open source payments software MojaLoop to enable disbursement systems geared towards the poor will be explored. Gates Foundation provided the funding which financed the development of MojaLoop (which borrows the Swahili word Moja, meaning one).
- Categories
- Finance, Technology
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Finding the Right Financial Partner: Lessons Learned from One Startup’s Success in the Funding World
Kinnos was founded during the Ebola outbreak of 2014, marketing an innovative chemical product that allows even untrained workers to apply disinfectant correctly. Its founders (then students at Columbia University) quickly received more than $750,000 in grants and prizes. But as their company grew, they had to learn to navigate the risky landscape of startup investment. According to Christina Tamer at VentureWell, the Kinnos team's success in this area—they have raised $1 million in venture funding from angel investors—offers a number of key lessons for other entrepreneurs.
- Categories
- Health Care, Investing, Social Enterprise
- Tags
- impact investing, startups
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Brazil’s Nubank is now worth $4 billion after Tencent’s $180 million investment
Through the investment, Tencent will gain an understanding of how Nubank has managed to service 5 million credit card holders, and the game plan the company is deploying to develop its own savings accounts and other banking services.
- Categories
- Finance
- Region
- Latin America
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