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Here’s Why Social Startups in India Fail to Attract VC Funds
Social startups in India haven’t been able to get the spotlight of investors to attract billions of dollars much like regular technology startups. Moreover, the number of social startups pales in comparison to the number of technology startups.
- Categories
- Uncategorized
- Region
- South Asia
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Singapore’s CredoLab to Power Digital Financial Inclusion in Sub-Saharan Africa
CredoLab’s alternative credit scoring solution comes at a critical juncture in the region’s focus on financial inclusion.
- Categories
- Finance
- Region
- Asia Pacific
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Viewpoint: Impact Investment Favours Expats Over African Entrepreneurs. Here’s How to Fix That
Village Capital found that 90% of the capital invested in East Africa in 2015-2016 went to a very small group of expatriate-founded businesses.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- impact investing, startups
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Remitly Raises $220M to Expand From Money Transfers to Financial Services, Now at ~$1B Valuation
CEO and founder Matt Oppenheimer said in an interview that the startup will use the money both to help it continue to keep growing that money transfer business and to catch new opportunities as they appear, in the form of new financial services for the immigrants and migrants that make up the majority of its customer base.
- Categories
- Finance
- Tags
- migrants, remittances, startups
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Yale-India Business Accelerator to Promote Innovative Health Solutions
The selected companies will each receive $70,000 in seed capital and mentorship from Yale faculty and alumni, and will benefit from a network of Indian industry experts and structured sessions to help startups evolve into a sustainable and scalable business model, refine their market strategy, and build a sustainable company.
- Categories
- Health Care
- Region
- South Asia
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Startups Trying to Fix Nigeria’s Broken Healthcare System Are Winning Global Investor Interest
Startups identifying gaps in the healthcare delivery value chain across Africa’s most populous country are increasingly winning investor attention and dollars.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
- Tags
- startups, supply chains
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Opera Founded Startup OPay Raises $50m for Mobile Finance in Nigeria
Opera founded OPay in 2018 on the popularity of its internet search engine. Opera’s web-browser has ranked No. 2 in usage in Africa, after Chrome, the last four years.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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India’s NiYO ‘Neo-Bank’ Raises $35m to Help Blue-Collar Workers Access Financial Services
NiYO Solutions serves as a “neo-bank” that relies on traditional financial institutions (Yes Bank and DCB banks, in its case) and offers to customers additional features such as lending and insurance. Blue-collared employees in India (and many other markets) continue to struggle in availing crucial financial services from banks that typically reserve them for the privileged segment.
- Categories
- Finance
- Region
- South Asia