-
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
-
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
-
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
-
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
-
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
-
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
-
The Gig Economy is a Double-Edged Sword for Migrant Workers
“It is not that they are paying less to Venezuelans than to Colombians, or that they reduced payments per delivery after the arrival of migrants,” says Cristobal Perdomo, co-founder of Jaguar Venture, a venture capital firm that analysed Rappi’s business in 2016. “What I believe happened is that if they were paying, for instance, 50 pesos per delivery last year or two years ago, they can still pay 50 pesos this year and Venezuelans will keep working for them.”
- Categories
- Technology
- Region
- Latin America
- Tags
- employment, startups
-
India’s Open ‘Neo-Bank’ Raises $30 Million to Help Businesses Automate Their Finances
Open operates as a neo-bank that offers nearly all the features of the bank with additional tools to serve the needs of a business.
- Categories
- Finance
- Region
- South Asia
- Tags
- startups