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Malaysia-Based Socar Raises US $55 Million in Series B Funding Round From New Investors EastBridge Partners, Sime Darby
SOCAR plans to use the funding to support continuous tech enhancements, the introduction of clean mobility initiatives, and further development of its P2P car-sharing marketplace TREVO.
- Categories
- Investing, Technology
- Region
- South Asia
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Press Release: DFC Approves More Than $1.4 Billion in New Investments for COVID-19 Response, Global Health, Gender Equity, Technology, and Renewable Energy
The U.S. International Development Finance Corporation (DFC) Board of Directors has approved nine investments totaling $925 million this quarter.
- Categories
- Coronavirus, Health Care, Technology
- Region
- Global
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Visa, Nasscom Foundation to Train Women Micro-Entrepreneurs in India
Visa and NASSCOM Foundation will work with over 650 women micro-entrepreneurs and train them to go online, rebuild and expand their businesses in India.
- Categories
- Entrepreneurship, Technology
- Region
- Asia Pacific
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Releaf Secures $4.2 Million in Seed Funding and Grants to Drive Industrialisation of Food Processing in Africa
Releaf, an agtech start-up that develops proprietary hardware and software solutions has made African farmers and food factories more efficient and profitable.
- Categories
- Entrepreneurship, Technology
- Region
- Sub-Saharan Africa
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COVID Has Spurred a Digital Cash Revolution in Developing Countries
Alongside the setbacks, the past year has also seen low- and middle-income countries safeguard much of the progress they’ve made in various development areas.
- Categories
- Coronavirus, Finance, Technology
- Region
- Global
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Analysis: COVID Pushed 31 Million People Into Extreme Poverty
In an annual report that looks at the world’s progress on the Sustainable Development Goals, the Gates Foundation says that 31 million additional people have been pushed into extreme poverty.
- Categories
- Coronavirus, Technology
- Region
- Global
- Tags
- coronavirus, extreme poverty, healthcare, LMICs, pandemics, poverty, SDGs, technology, vaccines
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Mastercard and Paycode Partner To Improve Access to Financial Services in Rural Areas
Mastercard’s Community Pass platform will feature in Paycode’s Electronic Data and Payments Technology platform (EDAPT) that provides secure biometric identity including a digital bank account.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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$100 Million Innovation Fund to Fuel African Tech Investments
The Global Innovation Initiative Group (GIIG), an investment vehicle for early-stage tech start-ups, has established a new fund to invest in early-stage tech innovation start-ups across Africa.
- Categories
- Entrepreneurship, Technology
- Region
- Sub-Saharan Africa
- Tags
- entrepreneurship, innovation, startups, tech, technology
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