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72 Microfinance Institutions Join Inaugural Microfinance Index
Impact performance measurement of microfinance institutions in 41 countries will launch in Q2 2022 with support from sector leaders.
- Categories
- Finance, Impact Assessment
- Region
- Global
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Going Farther Together: A Recent Report Explores How Partnerships are Boosting Financial Inclusion in Nigeria
Nigeria missed its central bank’s target of 80% financial inclusion by 2020, and a new target has been set for 95% inclusion by 2024. According to Olayinka David-West and Ibukun Taiwo at the Lagos Business School, partnerships are an effective way to pursue this goal and serve the 38 million citizens who lack financial access. They share findings from a recent report that explores the state of Nigeria's digital financial services market, and highlight the critical success factors that can impact the effectiveness of partnerships in advancing financial inclusion.
- Categories
- Finance, Telecommunications
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Softbank Shifts Latin America Plan With New Early-Stage Spinout, Upload Ventures
SoftBank Latin America Fund announced that it is spinning out its early-stage Latin American investment arm into a new autonomous entity, dubbed Upload Ventures.
- Region
- Sub-Saharan Africa
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Press Release: Voyager Innovations Raises US $210 Million to Expand the Financial Services Ecosystem of PayMaya and Maya Bank
Voyager Innovations is the leading technology company in the Philippines behind the end-to-end money platform PayMaya and neobank Maya Bank.
- Categories
- Telecommunications
- Region
- South Asia
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Aavishkaar Raises $130 Million for First Close of Latest Fund
Aavishkaar Capital has raised more than ₹1,000 crore ($130 million) for the first close of its latest impact investment fund.
- Region
- Global
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Gotrade Raises $15.5 Million to Make Investing Fun, Fair and Simple in Southeast Asia, Launches in Indonesia
Gotrade is an investing platform that allows users to trade fractional shares of U.S. stocks and ETFs.
- Categories
- Finance, Technology
- Region
- South Asia
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Fintech Services Contribute to Increase in Financial Literacy in India
With nearly 2000 fintech startups in the country, one would imagine India’s financial literacy to be high. Yet, statistics show that despite a population of over 1.3 billion people, about 76% of the adult population still lacks basic financial concepts.
- Categories
- Finance
- Region
- Asia Pacific
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Colombian Fintech Plurall Acquires Funding to Support Entrepreneurs in Latin America
Plurall, a Colombian Fintech firm that’s focused on enhancing the financial inclusion of Solopreneurs in Latin America, finalized a pre-seed round by securing $1.5 million in equity and $10 million debt financing.
- Categories
- Uncategorized
- Region
- Latin America
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