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Press release: Global Venture Capital Investment in Fintech Industry Set Record in 2017, Driven by Surge In India, US and UK, Accenture Analysis Finds
Fintech financing rose 18 percent in 2017, to US$27.4 billion, with the value of deals in the U.S. jumping 31 percent, to $11.3 billion. Deal values almost quadrupled in the U.K., to US$3.4 billion, and soared nearly fivefold in India, to US$2.4 billion. The number of fintech deals also rose sharply, from just over 1,800 in 2016 to nearly 2,700 in 2017, underscoring continued appetite from investors scouring the globe for innovation in insurance, banking and capital markets startups.
- Tags
- fintech, venture capital
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Indian mobile wallet firms fear losing 40% of their customer base due to Know-Your-Customer norms
Firms such as Amazon Pay have seen a 30 percent drop in their customer base.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
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Extending access to credit: Are alternate finance platforms creating tangible impact in India?
Having recently been brought under the regulatory ambit by the Reserve Bank of India (RBI), the thought was that the nascent online P2P lending sector can play a significant contribution towards furthering the cause of financial inclusion.
- Categories
- Finance
- Region
- South Asia
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Women’s Financial Inclusion: What the Gallup World Poll Tells Us
Recently released data from the 2016 Gallup World Poll paints an updated picture of women’s phone ownership across more than 140 economies and 97 percent of the world’s adult population. This new data shows that, in fact, 81 percent of women worldwide own a mobile phone, with women’s ownership rate in the developing world as high as 80 percent.
- Categories
- Finance
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Press release: Financial Solutions Lab Launches $3 Million Year-Four Competition to Support the Financial Health of Underrepresented Communities
Given the diversity of Americans who struggle with financial health, in this year’s Challenge, the Lab is particularly interested in products developed by entrepreneurs of color, women and people with disabilities, and designed to meet the financial needs of often overlooked populations.
- Categories
- Finance
- Region
- North America
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IndiaFirst Life launches ‘pay when you can’ micro product
Unlike other products that have a fixed premium to be paid regularly, this product offers the facility of instant payments that can be made via-online model.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
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Mastercard, M-Kopa enter pilot pay-as-you-go solar partnership in Africa
M-Kopa Solar makes solar home systems affordable to low-income off-grid households on a pay-as-you-go installment plan. Its customers get power on daily mobile money payment plans and the cost is lower than that of kerosene fuel.
- Region
- Sub-Saharan Africa
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Singapore Inks FinTech, Blockchain Pact with Indian State Government
Today’s agreement will also foster engagements between FinTech startups in Singapore and Maharashtra, which sees Mumbai as its state capital. A FinTech-based curriculum developed for educational programs in the Indian state are also being considered.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- blockchain, fintech
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