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How poor rural women drove Bandhan Bank’s spectacular stock market debut
Bandhan Bank, established less than three years ago, is one of India’s newest banks. Still, it just completed a highly successful initial public offering, or IPO, which has put it at the forefront of Indian banking.
- Region
- South Asia
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Spate Of Defaults In Microfinance Securitisation Transactions Raises Concern in India
The similarity of borrowers from microfinance institutions (MFIs), in terms of their vulnerability to socio political events, financial literacy and credit behaviour, renders the microfinance sector susceptible to any kind of adverse idiosyncratic event and more so in case of a system-wide event such as demonetisation.
- Region
- South Asia
- Tags
- lending, microfinance
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Sri Lanka Post Ushers Money Orders into the Digital Age with Sampath Bank
Sri Lanka joined hands with Sampath Bank to unveil e-Pay Mobile Cash, a revolutionary service that leverages the wide spread network of post offices, sub-post offices and Sampath Bank ATMs around the island to enable real time money transfers in a secure and convenient manner.
- Categories
- Finance
- Region
- South Asia
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Branch International Raises $70M Series B to Bring World-Class Financial Services to Emerging Markets
Branch International, a mobile “branchless bank” for emerging markets, announces a $70 million Series B investment to expand its financial offerings to additional countries. With over a million unique borrowers, Branch is already the top finance app in Africa. Branch offers credit today and plans to diversify into savings and payments in the future.
- Categories
- Finance
- Region
- South Asia
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Fintech Startup Cash Suvidha Raises $1 M in Pre-Series A Funding
Delhi-based online lending platform Cash Suvidha has raised $1 Mn in a Pre-Series A funding round from Initia Holdings; Vipin Agarwal, Partner in India Industrial Growth Fund and others.
- Region
- South Asia
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Press release: Pakistan’s poorest communities to benefit from innovative US$600k deal for off-grid solar roll out
EcoEnergy, a leading affordable solar energy provider in Pakistan, has secured a US$600,000 investment to help it provide off-grid solar energy to 10,000 of the poorest rural households in Pakistan.
- Source
- Press release
- Region
- South Asia
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US govt’s OPIC commits $12.5 m loan for clean drinking water in India
“This project offers an innovative approach to making safe water more available and affordable and illustrates how businesses can develop new solutions to long standing global challenges,” said Ray W Washburne, President and CEO, OPIC.
- Categories
- WASH
- Region
- South Asia
- Tags
- global development, SDGs
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Impact investor Quona Capital plans to raise $150-200 million Fund III
While fintech remains the broader theme for Quona going forward, the company plans to broadbase its investment portfolio across sectors that can leverage fintech to deliver everyday needs in areas such as education, healthcare and insurance and small business.
- Region
- South Asia
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