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IntelleGrow launching US$31M venture debt fund to invest in social enterprises
IntelleGrow has already backed 180 companies across agriculture, energy, education, financial inclusion, healthcare, and water and sanitation
- Categories
- Investing
- Region
- South Asia
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Peer to Peer Lender Amartha Partners with Largest State Owned Micro-credit Company in Indonesia
Peer to peer lender Amartha has formed a partnership with the largest state-owned micro credit guarantee company in Indonesia, Perum Jamkrindo. This follows a similar partnership with Bank Mandiri. Amartha is an online lender designed to connect Micro Businesses and SMEs that seek affordable working capital with investors who want to fund their business based on credit risk and expected return. This is a significant agreement for Amartha. Indonesia is the fourth most populous country in the world and support of small business is vital to the economy.
Jamkrindo is a state-owned enterprise that has been given a special mandate by the Government to guarantee credit and financing, as well as financial transactions particularly in the SME and micro segments. Jamkrindo is the largest credit guarantee company in Indonesia with total guarantee value of more than Rp 270 Trillion and 8 Million credit.- Categories
- Uncategorized
- Region
- South Asia
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The End of Typing: The Next Billion Mobile Users Will Rely on Video and Voice
The internet’s global expansion is entering a new phase, and it looks decidedly unlike the last one. Instead of typing searches and emails, a wave of newcomers—“the next billion,” the tech industry calls them—is avoiding text, using voice activation and communicating with images. They are a swath of the world’s less-educated, online for the first time thanks to low-end smartphones, cheap data plans and intuitive apps that let them navigate despite poor literacy.
- Categories
- Technology
- Region
- South Asia
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India ranks behind five African countries in Financial and Digital Inclusion says Brookings study
While at first glance it may sound disappointing that India lags behind five African countries in Financial and Digital inclusion, a closer look at the data reveals great news for Indian companies which are in the financial services and the digital space.
- Categories
- Technology
- Region
- South Asia
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Aadhaar Pay yet to find base in India
Going beyond knowing your customer (KYC) application, have payments via Aadhaar taken off? According to recent figures, a majority of Indians are still using Aadhaar only for e-KYC verification and not day-to-day payments.
- Categories
- Technology
- Region
- South Asia
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The gap between India’s richer and poorer states is widening
East Asia’s growth pattern has for decades been likened to a skein of geese, from Japan at the vanguard to laggards such as Myanmar at the rear. The same pattern can often be seen within big countries. Over the past decade, for example, China’s poorer provinces have grown faster than their wealthier peers. India is different. Far from converging, its states are getting ever more unequal. A recent shake-up in the tax system might even make matters worse.
- Categories
- Technology
- Region
- South Asia
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The low-cost device saving newborns in India
Birth asphyxia – lack of oxygen – is the cause of 20% of newborn deaths in India. A simple piece of equipment is helping revive babies and prevent long-term damage.
- Categories
- Health Care, Technology
- Region
- South Asia
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Michael and Susan Dell Foundation to Setup an Incubator in India
Talking about the incubator Rahil Rangwala, the Director for family economic stability at Michael and Susan Dell Foundation said, that the incubator will look at early-stage companies that offer financial inclusion, digital empowerment, job creation and services in other such impact areas.
- Categories
- Investing
- Region
- South Asia
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