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Indonesia: Bank Central Asia Launches VC Unit, to Invest $15m in Fintech
Indonesia’s largest private bank Bank Central Asia (BCA) has launched a venture capital business unit called Central Capital Ventura (CCV), joining the race to use financial technology (fintech) startups to reach the otherwise “unbanked” markets.
- Categories
- Investing
- Region
- South Asia
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Tej Kohli takes the wraps off his $25Mn tech-focused ‘Kohli Impact Investment Initiative’
Venture capitalist Tej Kohli, announced today about his newly formed Kohli Impact Investment Initiative, commencing with a hefty sum of $25 million. The Initiative is powered by Kohli’s family office, Kohli Ventures particularly targeted at attracting innovative and disruptive technologies.
- Categories
- Impact Assessment, Investing
- Tags
- ESG, venture capital
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India’s Practo Raises $55M to Expand Its Healthcare Platform to More Emerging Markets
India-based Practo, a startup that helps consumers locate doctors and healthcare information, has closed a $55 million Series D funding round that will fuel an expansion into more emerging markets worldwide.
- Categories
- Health Care, Investing
- Region
- South Asia
- Tags
- venture capital
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D.light raises another $10.5 million to grow its solar-powered products for off-grid communities
D.light, a for-profit social enterprise that makes solar-powered products for “off-grid” communities, has raised another $10.5 million in funding, taking its total financing to more than $40 million over the past quarter.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- solar, venture capital
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OPIC Grants USD$5million to Venture Capital Group in Emerging Markets
The U.S. government’s development finance institution, the Overseas Private Investment Corporation (OPIC) has announced $5 million financing to support Unreasonable Capital Fund. Elizabeth L. Littlefield, OPIC’s President and CEO said, “OPIC is delighted to support Unreasonable Capital as the fund invests across several regions and in a variety of sectors, from energy access to financial technology, that will have a positive development impact.”
- Categories
- Impact Assessment
- Region
- Sub-Saharan Africa
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Summer of Impact Investing: ImpactAlpha Flags 10 Recent Developments Shaping the Sector
In July, NextBillion launched a collaboration with ImpactAlpha to highlight coverage of the top stories, leaders and trends in impact investing. This article, which appeared on July 12, proved to be the most popular post that month, and is entered in this year's Most Influential Post of 2016 contest. We're publishing a new entrant in the contest every day through Jan. 2; be sure to vote for your favorite.
- Categories
- Investing, Social Enterprise
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Visa And Nest To Roll Out FinTech Bootcamp In Africa
Mobile service provider Safaricom has announced that it is in discussions with five companies to broaden the availability of M-Pesa services.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, venture capital
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Catching the FinTech wave: A survey on FinTech in Malaysia
In 2015 and the first half of 2016, US$345 million, representing 11% of total venture capital funding in Southeast Asia went into FinTech. The region’s growing economies and relatively large underbanked populations make it doubly attractive for new market entrants. We set out to assess Malaysian financial service players’ attitudes towards this emerging segment through an online survey and several interviews of top management from both the incumbents and newcomers.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, venture capital