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Malawi Gets $14.2 Million Grant for Financial Digitalisation
The African Development Fund (ADF) and the government of Malawi have signed a grant agreement for $14,2-million to undertake infrastructure upgrades and create a more efficient and transparent digital payment system.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Trace Finance Announces $4.3 Million Seed Investment to Disrupt Global Banking for Latin American Startups
Trace Finance, a Brazilian fintech startup that enables faster and more streamlined cross-border banking for startups, has announced a $4.3 million seed funding round.
- Region
- Latin America
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BBVA to Invest $300 Million in Brazil’s Virtual Bank Neon
BBVA has reportedly agreed to invest $300 million (around €263 million) in Neon, a Brazilian digital bank founded in 2016 that aims “to improve access to financial services for individuals, self-employed and small businesses in its country.”
- Categories
- Finance
- Region
- Latin America
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Thai Lender Siam Commercial Bank Invests $100 Million in Indonesia’s Akulaku
Thailand's Siam Commercial Bank Pcl announced a $100 million investment in Indonesian fintech startup Akulaku, as part the bank's expansion overseas and into technology.
- Categories
- Finance, Investing, Technology
- Region
- South Asia
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Led by Three South African Based Entrepreneurs, Stitch Announces $21 Million Series A
API fintech company Stitch, announced a $21 million Series A funding round, led by The Spruce House Partnership.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Banco Santander, DEG, IDB Invest, Itaú BBA Loan $150 Million to Banco Pan to Boost Digital Financing of Vehicles, Microenterprise, Consumption in Brazil
IDB Invest is leading a loan package totaling USD $150 million for Banco Pan SA, a Brazilian commercial bank, with the aim of increasing access to digital financial services for people with low incomes.
- Categories
- Finance
- Region
- Global
- Tags
- digital finance
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Apollo Hybrid Value to Invest $125 Million in Hero FinCorp, One of India’s Fastest Growing Non-Bank Financial Companies
Apollo announced that funds within its Hybrid Value strategy have committed to invest $125 million in Hero FinCorp Limited.
- Region
- Asia Pacific
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SatSure Raises $5 Million in Pre-Series A round from Baring PE India, ADB Ventures, Others
Bengaluru-based SatSure will use the capital towards expanding its footprint in Southeast Asia and accelerating its product development, including launching its proprietary payloads to Low Earth Orbit.
- Categories
- Finance
- Region
- South Asia
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