Two years after profiling minu, the company has over 300 enterprise customers and its revenue grew more than five times between 2021 and 2022.
Komunal is reaching out to Indonesia’s rural customers by going where they are. The fintech partners with more than 220 banks in tier 2 and tier 3 cities spread through 19 provinces. Founded in 2019
Focused on Southeast Asia, Ayoconnect’s APIs make it faster for businesses to launch new financial services, instead of needing to build their own tech infrastructure. It is also licensed by Indones
It provides identity management and protection for financial services, banking and consumer apps.
In 2011, the Nigerian government launched a financial inclusion initiative and set a target to include 80% of the country’s adult population. Although only a target of 64% was met by the end of
Are remittance payments really ripe for crypto disruption? And can DeFi help what a16z's state of crypto report calls the "huge part of the world [ … ] underserved by existing financial institutions
In a country where 50% of its 100 million people are active smartphone users, two out of every three individuals have little or no access to formal financial services in Egypt. With banks doing thei
Agency banking is big business in Nigeria and sub-Saharan Africa. It involves agents or merchants, who act as human ATMs, offering financial services such as transfers, savings and payouts to the unde
Last year, fintech API infrastructure players came into the African tech scene, ushering in Plaid-like services to businesses and developers. And the attention on these companies, particularly from ve
Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced today that it has raised a massive $700 million in a Series E round that more than doubles the
After years of working in marketing for a number of financial services companies, Solape Akinpelu came to a conclusion: There was an “alarmingly low adoption” by women for financial services in he
More than 70% of Egypt’s young and fast-growing population of over 100 million is financially underserved, despite mobile penetration exceeding 90%. Traditional banks often overlook this segment
A great deal has changed since we last covered Nigerian fintech startup TeamApt two years ago. At the time, the company had just closed a $5.5 million Series A round from a single VC — Quantum Capit
Earned wage access (EWA) platforms that allow workers to withdraw their earnings on demand instead of waiting until payday are proliferating around the world. Today, Indonesian EWA startup wagely anno
Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result. Some of these markets like Africa, Latin America and India, ha
Africa’s fintech space has gained proper attention over the past few years in investments but it is not news that startups still battle with offering high-quality products. However, they seem to
Nigeria remains a largely cash-dominated country. There are more than 100 million adult Nigerians, of which more than half have little or no access to financial services. Today, Bankly, a Nigerian f
According to the World Bank, more than one billion people in South and East Asia lack access to a bank account. For many, this makes it difficult to secure loans and other services because they don’
Payfazz and Xfers, two startups that want to increase financial inclusion in Southeast Asia, announced today they have joined forces to create a new holding entity called Fazz Financial Group. As part
Many of the startups raising capital in Mexico are focused on financial inclusion, aiming to level the playing field in a country that is largely unbanked and has a burgeoning middle class. One such c
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