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The Ins and Outs of Launching a Digital Savings Product in Kenya: Regulatory Guidance for Fintech Startups
Kenya is among the most advanced markets in the world in terms of fintech innovation and digital financial services. But according to Abby Butkus at BFA Global's Catalyst Fund, this innovation has yet to extend to digital savings, where the uncertain regulatory environment requires startups to be creative in their approach. She discusses four ways startups are approaching the regulatory process for their digital savings products, and shares a set of guides Catalyst Fund has released to aid founders in navigating the regulatory environments in Kenya and other countries.
- Categories
- Finance, Technology
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Indonesian Fintech Flip Secures $48 Million in Series B To Support Expansion
Flip, an Indonesia-based fintech startup, announced it has raised $48 million in a Series B to accelerate its growth.
- Categories
- Finance
- Region
- South Asia
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Asilimia Secures $2 Million To Build the Financial Infrastructure of Africa’s Informal Economy
Asilimia, a startup that is building the digital infrastructure to connect African MSMEs to the formal financial economy, has secured $2 million.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Swiggy To Invest $700 Million in Instant Grocery Delivery Service in India
Swiggy, India’s top food-delivery startup, will invest $700 million in its express grocery delivery service Instamart, significantly intensifying the competition for quick commerce in the world’s second largest market.
- Categories
- Investing
- Region
- Asia Pacific
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Silicon Valley Law Firm Sees Surge in Africa Startup Fundraising
The Palo Alto, California-based firm helped Chipper Cash, an African cross-border payments company backed by Jeff Bezos, raise an additional $150 million in a Series C this month.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Tencent Leads $48 Million Investment in South Africa Startup
Tencent Holdings Ltd. has invested in a South African financial-technology provider helping the Chinese internet giant expand in the continent’s most developed economy.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Healthcare Startup Africa Health Holdings Lands $18 Million Series A Funding to Roll-Out Tech-Enabled Services
Africa Health Holdings, a healthcare startup running several hospitals, has secured $18 million in a Series A round, funds that will go toward building its “tech-forward healthcare system” across Ghana, Kenya and Nigeria.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Aplazo Takes in $27 Million To Increase Adoption of ‘Buy Now, Pay Later’ in Mexico
Four months after securing a $5.25 million seed round, Mexican buy now, pay later startup Aplazo is back with an even bigger round to expand adoption of the payment plan approach across that country.
- Categories
- Finance, Technology
- Region
- Latin America