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SDB Bank Set to Boost SMEs and Women Entrepreneurship in Sri Lanka
The United States International Development Finance Corporation (DFC) has approved a USD 40 Million (Rs. 7.5 Billion) term loan facility to SDB bank in a bid to promote financial inclusion, resulting in more support to SMEs, particularly female-owned Small and Medium Enterprises.
- Categories
- Finance
- Region
- Asia Pacific
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Fintech Points the Way to Full Financial Inclusion for Cambodians
With more cellphones existing in the Kingdom than citizens and one of the youngest populations in the world, Cambodia’s mobile financial industry may be poised to bring the Kingdom’s deficit in financial inclusion to an end. This potential tipping point could mean the end to Cambodia’s status as one of the most underbanked nations in the world, according to experts.
- Categories
- Finance
- Region
- South Asia
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Nigerian Fintech Startup, Cowrywise, Raises $3 Million Pre-Series a Funding Led by Quona Capital
Nigerian wealth management startup, Cowrywise, has announced that it has raised $3 million pre-series A funding.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: OPEC Fund Supports Post-COVID-19 African Infrastructure With $50 Million Loan to Africa Finance Corporation
The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a $50 million loan agreement to help finance and build infrastructure needed for Africa’s post-COVID recovery. This represents the first direct financing co-operation between the two institutions.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Female-Led Startups Dominate Catalyst Fund’s Inclusive Fintech 2021 Cohort
Catalyst Fund, a global accelerator managed by BFA Global, announced the 8th cohort for its Inclusive Fintech Program today.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Western Union: Emerging Market GDP, Innovation Depend On Remittances
In the payments industry, they’re known as remittances. But for the recipients of the cross-border money transfers and peer-to-peer (P2P) payments usually associated with developing economies, they are lifelines.
- Categories
- Finance, Technology
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Nigeria’s Cowrywise Raises $3 Million Pre-Series a to Scale Its Wealth Management Platform
Cowrywise, a Nigerian fintech startup that offers digital wealth management and financial planning solutions, has raised $3 million in pre-Series A funding. Quona Capital led the round as Tsadik Foundation, Gumroad CEO Sahil Lavingia, and a syndicate of Nigerian angel investors locally and in the diaspora participated. The company previously raised more than $500,000 through a combination of equity financing and grants.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, fintech, scale, startups
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Viewpoint: Fintech Regulations, Financial Stability, and Data Privacy in India: So, What Is the Path to Go Forward?
In a recent development, the Delhi High Court received a Public Interest Litigation (PIL) from an applied economist, Reshmi P Bhaskaran, seeking to regulate the entry and operations of ‘TechFin’ platforms. Inter alia, the PIL asked the High Court to help develop a regulatory framework around the TechFin industry, also popularly known as the FinTech domain. Since then, the High Court has sought replies from various stakeholders, including the Ministry of Law, Ministry of Finance, RBI, SEBI, and NPCI regarding this issue.
- Categories
- Finance, Technology
- Region
- South Asia
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