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Offering a white-labeled lending service in emerging markets, Mines raises $13 million
Emerging markets credit startup Mines.io has closed a $13 million Series A round led by The Rise Fund, the global impact fund formed by private equity giant TPG, and 10 others, including Velocity Capital.
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- Inclusive Fintech
- Region
- Sub-Saharan Africa
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TPG ventures into African market with purchase of $47.5m stake in telco Cellulant
Private equity group TPG has announced its first venture into the African market as its Rise Fund acquired a stake in telco firm Cellulant. TPG will buy a $47.5m stake in the digital payments provider, which reaches around 40 million people over 11 African countries.
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- Inclusive Fintech, Investing, Technology
- Region
- Sub-Saharan Africa
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McDonald’s Philippines goes cashless with PayMaya
Over 40 McDonald’s restaurants nationwide have started accepting card payments for all types of Mastercard and Visa credit, debit, and prepaid cards, through a collaboration with PayMaya Philippines.
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- Inclusive Fintech
- Region
- Asia Pacific
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Kenya ops slam regulator for failing to curb Safaricom
Safaricom’s rival operators hit out at the Communications Authority of Kenya (CA) for failing to deal with the market leader’s dominance, after it removed controversial recommendations to split the company from a competition report.
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- Inclusive Fintech
- Region
- Sub-Saharan Africa
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Kenyan operators prepare for mobile money interoperability tests
Kenya's telecommunication firms are expected to begin trialling mobile money transfers from one network to the other from January, reports Business Daily.
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- Inclusive Fintech
- Region
- Sub-Saharan Africa
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Kenyan regulator to force collaboration on Safaricom, rivals
The Communications Authority of Kenya (CA) is set to introduce laws to impose mobile money service interoperability in the country after providers failed to deliver the change themselves, The Standard reported.
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- Inclusive Fintech
- Region
- Sub-Saharan Africa
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