Tagged: financial inclusion

Netbank Introduces Netizen Mobile Banking App as a “One-Stop” Banking Solution

cash money transfers payments iPhone

Bringing forth the inception of a “new era” in financial inclusivity, Netbank has introduced the Netizen Mobile Banking App as a “One-Stop-Banking Solution” “for Pinoy OFWs around the world.” With a commitment to address solutions to OFWs’ banking transactions, Netizen is developed to be “easy,… Read More

Line Acquires $25M in Equity, Debt to Build Inclusive Financial System

Digital Dollar USD Washington

Line, the firm building a “modern” inclusive financial network, announced that it has secured $25 million in equity and debt, with Massive leading the funding round. As mentioned in an update shared with CI, Line is a Public Benefit Corporation mission-driven “to deliver unprecedented access… Read More

UK’s Shawbrook Bank to Provide Lending Discount for Consumers Sharing Open Banking Data

UK British Pound Money

UK-based specialist lender Shawbrook Bank is reportedly using Open Banking tech from ClearScore in order to determine the creditworthiness of potential clients and offering a discount on loans for those who decide to share their data. Via ClearScore, Shawbrook aims to begin integrating Open Banking… Read More

MENA’s Paymob, a Payments Fintech, Announces Collaboration with Pakistan’s Bank Alfalah

Lahore Pakistan hussain ibrahim unsplash

Paymob, which is MENA region’s virtual payments provider, has announced a strategic relationship with Bank Alfalah, in one of Pakistan’s largest Fintech partnerships “to date.” Paymob’s partnership with one of Pakistan’s major private banks will aim to “drive financial inclusion and lead the way for… Read More

Digital Banking: Philippines based Netbank Enhances Kayamo’s Loan Payout, Payment Collection Process

Philippines bambi corro mEuPiaz8pU unsplash

Kayamo is teaming up with Netbank, a fully-regulated bank that provides Banking-As-A-Service solutions through open APIs, to improve the way they release loan payouts and collect loan repayments–”overall, to provide a better user experience for their end-customers.” Prior to this partnership, Kayamo needed “to complete… Read More

Fintech Strike Introduces Shopify Integration, Bringing Bitcoin (BTC) Lightning Payments to Merchants

Shop Magic Deals Discount

Strike, which claims to be the leading virtual payments platform built on Bitcoin’s Lightning Network, recently announced its integration with Shopify, unlocking the ability for eligible U.S. Shopify merchants “to receive bitcoin payments from customers globally as U.S. dollars.” Jack Mallers, founder and CEO of… Read More

ABN AMRO, Other Dutch Banks to Allow Ukraine Refugees to Open Current Accounts

Ukraine Flag max kukurudziak unsplash

Beginning on Wednesday (April 6, 2022), it will be possible for refugees who arrive in the Netherlands from Ukraine to “open a current account” with ABN AMRO (AMS: ABN) or another bank. Dutch organizations that offer current accounts are prepared “to handle large numbers of… Read More

GoDo and Highnote Offer Financial Inclusion for Americans Living Paycheck to Paycheck

Payroll Payment Paycheck 1940

GoDo, a Fintech firm offering same-day, no-fee advances to wage earners, has teamed up with Highnote, a modern card issuance platform, in order to create the GoDo Card, a new card program that provides underbanked workers immediate access “to interim wages with no-fee advances.” Powered… Read More

Digital Commerce Investor Clearco Continues to Support Startups with New Fund

Money Benjamin Dollars 2

Clearco, which claims to be the largest digital commerce investor and the company “revolutionizing” the opportunities for founders to expand their businesses, and Indiegogo, the platform for entrepreneurs to launch new products, announced a $10 million Indiegogo Creators Fund “powered by Clearco to accelerate growth… Read More

Berlin’s Konvi Secures $900K in Pre-Seed Funding to Make Rare Assets Accessible

Berlin Germany stefan widua iPOZf3tQfHA unsplash

Konvi, which claims to be first pan-European Crowd-Investment Platform for alternative asset classes, is confirming its $900,000 pre-seed round. Investors reportedly include APX and “value-adding” angel investors including former executives from tech giants like Snap Inc and Shopify. Konvi’s management noted that they are on… Read More

Mikkel Velin: Co-CEO at YouLend Explains How Revenue based Finance Helps E-Commerce Businesses

The London Eye UK

We recently connected with Mikkel Velin, Co-CEO, YouLend, which works with digital commerce platforms (inc. eBay and Shopify) in order to offer merchants access to fast and reliable funding. During a discussion with CI,  YouLend‘s management noted that the UK government’s Help to Grow scheme… Read More

Stellar Secures $7M to Address Issues with US Credit System

Money Dollars Benjamins 100

Stellar, which claims to be on a mission to offer “unprecedented” access to credit-building and financial tools to underserved communities, has reportedly attracted several investors to finalize an oversubscribed $7 million round. Stellar Founder and CEO, Lamine Zarrad, stated: “We created Stellar to provide credit… Read More

Alternative Financing: Capchase Shares How New Forms of Funding Are Helping Businesses

Investigation Money Inquiry

The team at Capchase asks if you have been looking into more alternative financing firms and if so, then you are not alone. This, as the financing market is evolving “to include players beyond traditional banks.” At Capchase, they receive many questions about alternative financing… Read More

Fintech Tide to Incubate 500,000 Women-led SMBs in India by 2027

India Women vitaliy lyubezhanin unsplash

Tide, which is the United Kingdom’s business financial platform with full-scale operations set to launch in India, has confirmed their plans to support 500,000 female-led companies by 2027. UK based #fintech #Tide commits to incubate 500,000 women-led small businesses in India in next five years,… Read More

Pakistan based Jiye Technologies Introduces BNPL Solution for Agriculture Industry

Farm Corn Agriculture Ohio

Jiye Technologies, which claims to be the fastest growing Agri-Tech platform in Pakistan has announced a business-to-business (B2B) Buy Now, Pay Later (BNPL) feature through a digital financing product for farmers and businesses across the country, under its program called “Jiye Khushhaal Karobar.” The digital… Read More

Mikkel Velin, Co-CEO at Embedded Lending Provider YouLend, Comments on Challenges Facing UK SMEs

Time People Trust Canary Wharf London UK 1

The UK government’s Help to Grow scheme has seen “painfully slow” uptake from small businesses – “despite the current economic landscape leaving many of them in desperate need of support,” according to an update shared with CI. Mikkel Velin, Co-CEO of B2B embedded lending provider… Read More

Malaysia: Bank Negara Official Says Islamic Finance Is Set to Scale Up Value-based Financial Solutions

malaysia mkjr unsplash

Deputy Governor of Bank Negara, Datuk Abdul Rasheed Ghaffour,  notes that he would like to express his gratitude to the United Nations Development Program (UNDP) for inviting him to deliver a keynote address (as posted by Bank Negara, Malaysia’s reserve bank. on February 24, 2022)…. Read More

Financial Inclusion: Robinhood Teams Up with Amplify Latinx via Strategic Investment

Robinhood on iPhone

Robinhood (NASDAQ:HOOD) recently teamed up with Amplify Latinx via an investment that celebrates their fifth anniversary and supports their ongoing work to uplift the Latinx community. The Massachusetts-headquartered nonprofit Amplify Latinx aims to support Latinx communities by enhancing their economic power. This is done by… Read More

Indonesian BNPL Fintech Akulaku Receives $100M Investment from Siam Commercial Bank

Kebumen Indonesia dikaseva unsplash

Siam Commercial Bank (BKK: SCB) has reportedly made a $100 million investment in Indonesia’s Buy Now, Pay Later (BNPL) platform Akulaku. Established in 2016, Akulaku has expanded its operations to become one of the largest BNPL and consumer financing providers in Indonesia, handing out more… Read More

$100M Investment Fund Established by Financial Infrastructure Fintech Stronghold

Dollars Money Cash Pay

Stronghold, a payments and financial infrastructure firm, has introduced Stronghold Capital in order to invest $100 million in high-potential firms and funds across key areas: “overlooked” and “underrepresented” founders as well as fund managers, the payments and fintech ecosystem, and the Web3 / blockchain sector…. Read More

Send this to a friend