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Thunes Raises $10m to Make Financial Services More Accessible in Emerging Markets
The company was founded in February of this year when TransferTo, a company that provided services like mobile top-up cross-border split itself in two. Thunes is the b2b play that uses TransferTo’s underlying technology, while DT One was spun out to cover the consumer business of top-up and mobile rewards.
- Categories
- Finance
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Micro-Lending Startup Ftcash Raises $7.23 Mn Series A Funding
Founded in 2015 by Sanjeev Chandak, Deepak Kothari and Vaibhav Lodha, Ftcash provides short-term loans to merchants. The startup plans to use the funds to accelerate product development and drive its expansion efforts.
- Categories
- Finance
- Region
- South Asia
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Japan’s SoftBank Taps Into Mexican Fintech Startup Clip: Sources
Japan’s SoftBank Group invested about $20 million in Mexican payments startup Clip early this year, one of its first Latin America deals as it launches a $5 billion technology fund in the region, said three people familiar with the matter.
- Categories
- Finance, Technology
- Region
- Latin America
- Tags
- digital payments, fintech, startups
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WorldCover Raises $6m Round for Emerging Markets’ Climate Insurance
WorldCover’s platform uses satellite imagery, on-ground sensors, mobile phones and data analytics to create insurance options for farmers whose crop yields are affected adversely by weather events — primarily lack of rain.
- Categories
- Agriculture, Environment, Finance
- Region
- Sub-Saharan Africa
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India Unseats China as Asia’s Top Fintech Funding Source
Like China, India’s enthusiasm for finance technology is in part a result of the country’s lack of financial infrastructure. Lending startups are gathering steam as they, like their Chinese counterparts, tailor services to the country’s large unbanked and underbanked consumers and enterprises.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital finance, fintech, startups
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Kiva’s Co-Founder Is Joining This Leo DiCaprio-Backed Bank
A wave of tech-centric “neo-banks” have popped up in recent years, usually promising a smoother customer experience marked by lower fees and branch-less, online-oriented services. And some have sought to go even further—differentiating themselves from the competition via a focus on on socially and environmentally conscious values, investments and product offerings.
- Region
- North America
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Bridging the ‘Off-Grid/On-Grid’ Divide: How Grid Integration Can Build the Energy System of the Future
The cost of solar modules has dropped by over 80% since 2009, and it’s estimated that the world’s solar power capacity will triple by 2022, driven in part by off-grid energy. Yet without an effort to make connections between off-grid systems and national grids, the growing global movement toward mini-grid solutions cannot reach its potential, says Tatiana Bessarabova at Endeva. She explores how Endeva, SOLshare and other players in the energy sector are working to make grid integration a reality in Bangladesh.
- Categories
- Energy, Environment
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Gates Foundation’s Mojaloop Finance Code Gains in Africa And Asia
Mojaloop will make payments faster, and through its centralist directory, more secure, said DFS.
- Categories
- Finance, Technology, Telecommunications
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