Tagged: financial inclusion

June 10, 2022 @ 11:53 am By Omar Faridi  |  

On the margins of the Ninth Summit of the Americas, DFC and Mastercard (NYSE: MA) announced the first joint program in response to the Call to Action for Northern Central America the Vice President launched in May 2021. The Call to Action is designed “to… Read More

June 9, 2022 @ 11:27 pm By Omar Faridi  |  

The AXIAN Group recently revealed that it has joined Disruptech Egypt Fund I, which is a venture capital fund focused on supporting technology-enabled firms and Fintech startups in Egypt. Disruptech Egypt Fund I is a VC fund dedicated to further developing Egypt’s financial-technologies sector by… Read More

June 5, 2022 @ 10:40 pm By Omar Faridi  |  

Indian Fintech firm Razorpay notes that Slack has become one of the “most popular” communication apps used in businesses today. As mentioned in a blog post by Razorpay, Slack is a digital workplace communication tool that “connects you to people and tools you work with.”… Read More

May 30, 2022 @ 3:09 pm By Omar Faridi  |  

Sanjay from the People and Talent Team at MarketFinance notes that his primary role is Talent Acquisition Lead where he helps find the best people to build their vision of “frictionless finance” for small businesses. Equally important to him is his position as Chair of… Read More

May 10, 2022 @ 11:36 pm By Omar Faridi  |  

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

May 3, 2022 @ 9:56 am By Omar Faridi  |  

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

April 20, 2022 @ 8:31 am By Omar Faridi  |  

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

April 19, 2022 @ 10:46 pm By Omar Faridi  |  

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

April 12, 2022 @ 9:08 pm By Omar Faridi  |  

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

April 10, 2022 @ 6:34 pm By Omar Faridi  |  

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

April 8, 2022 @ 8:05 am By Omar Faridi  |  

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

April 6, 2022 @ 4:35 pm By Omar Faridi  |  

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

March 17, 2022 @ 10:56 pm By Omar Faridi  |  

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

March 16, 2022 @ 1:17 am By Omar Faridi  |  

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

March 10, 2022 @ 8:51 pm By Omar Faridi  |  

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

March 9, 2022 @ 3:55 pm By Omar Faridi  |  

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

March 8, 2022 @ 5:24 pm By Omar Faridi  |  

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

March 3, 2022 @ 9:08 pm By Omar Faridi  |  

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

March 1, 2022 @ 11:47 pm By Omar Faridi  |  

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

February 28, 2022 @ 2:52 pm By Omar Faridi  |  

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