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Why Indian startups are set to open new frontiers with emerging tech
Today, India is the third-largest hub for technology startups. Indian startups such as online retailer FlipKart, ride-hailing app Ola and digital payments company Paytm have become global household names, attracting not only interest from financial institutions but also from Fortune 500 companies.
- Categories
- Technology
- Region
- South Asia
- Tags
- startups, venture capital
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Kenyan fintech Lendable secures $450k grant from Dutch development bank FMO
The convertible grant is being provided by the Dutch government through its MASSIF fund — which FMO manages. The fund aims to support small businesses, inclusive enterprises, women as well as youth entrepreneurs by financing local financial intermediaries and other institutions that contribute to development.
- Categories
- Finance
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Hyderabad based Solar Startup Cygni Energy Raises $6.4 Mn in Funding led by Endiya Partners
The funds will help the startup in expanding capacity, strengthening R&D capabilities and increasing market reach.
- Categories
- Energy
- Region
- South Asia
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Press release: FINCA International launches FINCA Ventures, an impact investing initiative
FINCA Ventures reflects FINCA International’s commitment to advancing market-led innovations supporting the world’s poor. By linking access to finance with access to basic services, FINCA Ventures can help increase the quality of life and productivity of FINCA’s global customer base, and create opportunities to extend financial inclusion by developing new financial products and services for unbanked and under-banked families.
- Source
- Press release
- Categories
- Investing
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Press release: Mines Secures $13M Series A to Grow Digital Credit Platform for Emerging Markets
"There are more than 3 billion adults globally without access to credit. Our vision is that every one of them will have instant access to credit in the next 10 years." explains Ekechi Nwokah, Mines CEO. "We believe the best way to realize this vision is to partner with banks, retailers and mobile operators and power digital credit products tailored to their markets so they can create the customers of tomorrow, today.”
- Source
- Press release
- Categories
- Finance
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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.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, lending, venture capital
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Experian leads USD 28 mln investment to drive financial inclusion across Southeast Asia
Experian has led a USD 28 million Series C investment in C88 Financial Technologies Group(C88) to drive financial inclusion in Southeast Asia.
- Region
- Asia Pacific
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This Guide Helps Emerging Market Entrepreneurs Overhaul Their Human Capital Strategies
“We knew this was a problem, we just didn’t have a solution,” says Rachel Crawford, innovation manager for emerging markets at Village Capital. “The challenge offered us the chance to explore what it could look like.”
- Categories
- Investing
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