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Impact investor Quona Capital plans to raise $150-200 million Fund III
While fintech remains the broader theme for Quona going forward, the company plans to broadbase its investment portfolio across sectors that can leverage fintech to deliver everyday needs in areas such as education, healthcare and insurance and small business.
- Region
- South Asia
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MENA startup data platform closes $1 million seed funding round
Having released over 20 reports since inception, a core focus of the MAGNiTT platform is education through data-driven analysis for its subscribers. The platform currently hosts 5,500 start-ups, over 12,000 users including over 300 individual investors and more than 150 funding institutions, be VCs or Angel Investors.
- Source
- Press release
- Categories
- Investing
- Region
- North Africa & Near East
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Kenyan agri-tech startup Taimba wins $10k at SXSW
Kenyan startup Taimba, which connects farmers to retailers, was one of three winners of the 2018 Food+City Challenge Prize at the recent SXSW event, taking home US$10,000 in prize money.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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The race to become the world’s leading leading Islamic fintech hub
Malaysia, the UK and Indonesia are leading the race, ranking first, second and third respectively by number of Islamic fintech startups, says Bloomberg Intelligence. However, fierce competition from Middle Eastern countries threatens their supremacy.
- Categories
- Finance
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MIT, Mastercard Foundation Launch Prize for Financial Inclusion in Africa
The Legatum Centre for Development and Entrepreneurship at the Massachusetts Institute of Technology, in association with the Mastercard Foundation, Wednesday announced the launch of the 2018 edition of the pan-African Zambezi Prize for Innovation in Financial Inclusion.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Press release: MIT and Mastercard Foundation Launch 2018 Zambezi Prize for Innovation in Financial Inclusion
The Legatum Center for Development and Entrepreneurship at the Massachusetts Institute of Technology (MIT), in collaboration with the Mastercard Foundation, today announced the launch of the 2018 edition of the Zambezi Prize for Innovation in Financial Inclusion. The prestigious competition, awarding a total of $200,000 in prizes, was established to discover Africa’s most promising and innovative early-stage start-ups that promote and advance financial inclusion on the continent.
- Source
- Press release
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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“Impact” versus “returns-driven” investing in Africa
2017 was the best year on record for African tech startups in funding terms, with 159 companies from across the continent securing a combined total of US$195 million.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Press release: Common Cents Report: Hacking Human Behavior to Improve Financial Health
Common Cents, a financial research lab at Duke University supported by MetLife Foundation, today unveiled its 2017 Annual Report. The report details behavioral interventions aimed at improving financial health for low- to moderate-income people with more than 27 organizations over the course of 2017, including startups, credit unions, non-profits, and local governments.
- Region
- North America
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