microfinance
Egyptian financial super app Khazna raises $38M from Quona Capital and Lendable
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…
Nigerian digital bank Yep! raises $1.5M pre-seed for its ‘financial super app’ play
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…
Nigerian ethical credit-recovery fintech Bfree secures $1.7M, expands to Asia, Europe, South America and across Africa
Bfree, a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending…
Tonik raises $21 million to launch digital bank in the Philippines
A wave of digital banks, or neo-banks, has flourished in recent years in Western nations as people begin to flee megabanks. While most of these startups are yet to prove…
Credit startup Migo expands to Brazil on $20M raise and Africa growth
After growing its lending business in West Africa, emerging markets credit startup Migo is expanding to Brazil on a $20 million Series B funding round led by Valor Capital Group.…
Omidyar Network spins out its fintech investment arm as Flourish, with up to $300 million
After twelve years spent investing in impact-oriented financial services startups around the globe, the Omidyar Network, which serves as the family investment office for eBay founder Pierre Omidyar, is spinning…
Nigeria’s Piggybank.ng raises $1.1M, announces group investment product
Seeking to tap into Africa’s informal savings groups the Nigerian investment startup Piggybank.ng closed $1.1M in seed funding and announced a new product — Smart Target, which offers a more secure and…
Micro-lending and small business financing are a critical component of economic growth around the world, and the need for access to low-cost capital is especially important in developing countries. The…
Zidisha Launches A Kickstarter-Style Micro-Lending Platform For Low-Income Entrepreneurs In Developing Countries
When it comes to lending and borrowing money, banks have long been at the center of the equation. However, with the proliferation of new information technologies, mobile devices and the…
