Search Results for: consumer microlending

March 2, 2024 @ 8:57 am By Michael Wong  |  

Baubap, a pioneering consumer microlending platform based in Mexico, has announced a significant boost to its operations with $120 million in debt financing obtained in a pre-Series A round. The round was led by SixPoint Capital Management, a U.S.-based fintech capital partner, marking a major… Read More

February 14, 2021 @ 7:29 pm By Omar Faridi  |  

The global micro-lending market is projected to reach a valuation of $343.84 billion by 2027, according to a new report. The expected increase in adoption of microlending in developing countries may improve consumers’ lifestyle or standard of living. The anticipated shift from traditional lending to… Read More

November 10, 2020 @ 11:34 pm By Omar Faridi  |  

Logiq, Inc., a multinational provider of digital commerce and Fintech solutions, has been chosen to offer mobile micro-lending services to 48 million Indonesian residents. The loan services will be provided through a partnership between Logiq and Koperasi Mona Santoso Berjaya (KMSB), which is Indonesia’s social… Read More

August 16, 2020 @ 4:33 pm By Omar Faridi  |  

Brazilian Fintech firm SuperSim, a microlending startup based in São Paulo, recently secured R$30 million (appr. $5.6 million) in capital through debt financing, so that it can improve the South American nation’s credit market. Latin American consumers and businesses have expressed concerns about how difficult… Read More

June 22, 2018 @ 9:19 am By Samantha Hurst  |  

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, announced on Friday it is set to launch its own application for microlending business with peer-to-peer platform to facilitate credit facility. The company reported it will mainly target consumer sector to provide microlending facility in… Read More

October 21, 2022 @ 6:01 pm By Omar Faridi  |  

Financial institutions, fintechs and enterprise businesses can transform their card programs by empowering cardholders with new programmable payments capabilities from Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology solutions, and IncumbentFI, a provider of processing services that streamline collaboration between… Read More

July 27, 2022 @ 10:25 pm By JD Alois  |  

Digital securities marketplace ADDX has listed a private credit fund managed by Helicap Investments. Helicap Fund I is the flagship fund of the company and it is designed to promote financial inclusion in South East Asia, according to a company statement. The Fund aims to… Read More

September 20, 2021 @ 4:23 pm By Tony Zerucha  |  

Technicorum Holdings, an IT and service group specializing in digital assets and incubator of DeFi and NFT project KingSwap, today announced Gennix, a microlending protocol aimed at reducing financial inequality on the blockchain, has struck a strategic business partnership with DTC to integrate fiat-crypto payment… Read More

November 25, 2020 @ 7:58 pm By Omar Faridi  |  

The Indonesian Central Securities Depository (KSEI) has noted that Fintech platforms are expected to support the rise in the number of Indonesia’s retail investors in the foreseeable future, especially as the country’s younger consumers begin to seriously explore investment options after the COVID-19 outbreak. As… Read More

August 5, 2020 @ 12:30 am By Omar Faridi  |  

Critical gaps in the global banking system, especially in emerging markets, have restricted business growth and development. Consumer demand cannot be effectively addressed if banking platforms are not updated to meet the requirements of individuals and small business owners. Billions of people across the globe… Read More

January 22, 2019 @ 2:06 pm By JD Alois  |  

Following a Memorandum of Understanding (MOU) which was signed last year, Inditrade Capital and Robocash Group have launched a new short-term consumer lending service in India. Robocash Group says the start of microlending operations by its subsidiary JRG FinCorp. Ltd in India is operating the service… Read More

March 15, 2018 @ 1:00 pm By Samantha Hurst  |  

On Wednesday, Queen City Fintech Accelerator announced its Spring 2018 cohort. According to the program, of nearly 150 applications from 18 countries and 20 states, only ten fintech companies were selected for the twelve-week accelerator, which begins on March 26th and concludes with the Fintech… Read More

November 24, 2016 @ 10:00 am By Jessica Pham  |  

Bank Indonesia (BI) in Jakarta announced last week the opening of its Fintech office, which will aim to evaluate existing and conduct research on new fintech models, products, and services.  The office not only allows the central bank to maintain its risk management and consumer protection… Read More

December 15, 2015 @ 11:40 am By Sam Raymond  |  

If you are an entrepreneur in emerging markets, you have probably heard a lot about crowdfunding, but wondered how it could be useful for your early-stage business. In developed markets, crowdfunding is swelling the ranks of early-stage entrepreneurs and bolstering the pipeline of enterprises that… Read More