Tagged: financial inclusion

December 23, 2021 @ 8:13 am By Omar Faridi  |  

Ibancar, the asset based consumer credit platform, has signed its first institutional debt facility “up to an amount of €10m.” The business is scaling quickly in Spain and intends to expand its activity to Mexico as well as introduce other auto-related credit products, according to… Read More

December 22, 2021 @ 8:57 am By Omar Faridi  |  

Thomas Bohner, Founder and CEO at Credix, has confirmed that his team has secured $2.5 million in early-stage seed round funding from various investors and builders. Credix’s investment round was reportedly led by DRW Cumberland and ParaFi Capital along with contributions from the Transfero Swiss… Read More

December 20, 2021 @ 10:47 pm By Omar Faridi  |  

Avant, a financial technology firm that aims to give middle-income consumers access to the credit they “deserve,” has announced the official launch of Avant Banking. The launch of Avant Banking further expands the firm’s financial product portfolio of personal loans, credit cards and auto refinance…. Read More

December 16, 2021 @ 8:31 pm By Tony Zerucha  |  

Lending platform F88 Business has entered into a new strategic partnership with CIMB Bank Vietnam to promote financial inclusion to the unserved and underserved sector of the economy. According to the latest figures from the General Statistics Office, Vietnam had more than 28.2 million people who were… Read More

December 13, 2021 @ 11:00 pm By Omar Faridi  |  

WeLab, a pan-Asian Fintech platform, has announced the acquisition of PT Bank Jasa Jakarta (BJJ), which is a commercial banking institution based in Indonesia, with plans to introduce its second digital bank in Asia “further to the successful launch of WeLab Bank in Hong Kong.”… Read More

December 9, 2021 @ 11:04 pm By Omar Faridi  |  

Walmart Canada and Interac Corp. have announced that they have teamed up to provide  Walmart Canada clients the option to make payments with Interac Debit via Walmart.ca and in-app. As of December 8, 2021, Walmart Canada clients are able to check out using Interac Debit… Read More

December 8, 2021 @ 2:57 pm By Omar Faridi  |  

Zirtue, the relationship-based lending app with a goal to promote financial inclusion, has  announced the launch of their Alternative Payment Solution for businesses. As mentioned in a release, the solution allows businesses to “utilize Zirtue as a payment option for their customers to pay bills… Read More

November 22, 2021 @ 9:07 pm By Omar Faridi  |  

Rizal Commercial Banking Corporation (RCBC), which was formed in 1960 as a development bank and is licensed by the Bangko Sentral ng Pilipinas (nation’s central bank) for commercial and investment banking, reveals that its financial inclusion app DiskarTech has reached a five-digit organic growth in… Read More

November 22, 2021 @ 8:09 am By Omar Faridi  |  

CIRCA5000 (previously doing business as tickr) has acquired 273% (£2,738,190) of its £1M fundraising target from 1574 investors (at the time of writing) via Crowdcube with 27 days left in the firm’s crowdfunding campaign. The UK-based firm reports a £30 million pre-money valuation, a £1.43… Read More

November 19, 2021 @ 5:30 pm By Omar Faridi  |  

Nudge Inc., a “next-gen” credit-card provider and a future challenger bank based in Japan, announced that it has expanded its Pre-Series-A round with additional capital from Insignia Ventures Partners and the Sony Innovation Fund. The firm’s investment round has reportedly been led by Spiral Capital… Read More

November 16, 2021 @ 8:24 am By Omar Faridi  |  

Following a massive $394M Series D round earlier this year to establish the foundation for greater financial inclusion, international ID verification Fintech Trulioo is “strengthening pathways to create a more inclusive and trust-oriented digital economy,” according to an update shared with CI. With the ability… Read More

November 10, 2021 @ 8:44 am By Omar Faridi  |  

The developers of Sovryn, a Bitcoin-native app supporting decentralized lending, notes in a blog post that we are all in the middle of a truly historic transition from a global economy largely based on fiat money to an economic system based on crypto-assets and dominated… Read More

November 4, 2021 @ 9:20 pm By Tony Zerucha  |  

Lynx Global has partnered with cryptoasset custody and trading solutions provider Copper.co to improve financial inclusion to the underserved population in Southeast Asia. The process begins with the digital hotbed of the Philippines. Under this association, Copper.co will provide custody and complete institutional cryptoasset trading… Read More

November 3, 2021 @ 4:18 pm By Omar Faridi  |  

Menta, a Fintech service provider streamlining access to credit for the underbanked consumers, has reportedly chosen Agora Services to introduce its credit builder loan platform. The underbanked segment represents over 100 million US residents who are considered disadvantaged because of the shortcomings of the traditional… Read More

October 26, 2021 @ 9:07 am By Omar Faridi  |  

The Stellar Development Foundation (SDF) reveals that Flutterwave, an international payments tech firm, has introduced new remittance corridors between Europe and the MENA region on the Stellar network. Working with TEMPO, Flutterwave is focused on leveraging the Stellar network and Stellar USDC to simplify the… Read More

October 25, 2021 @ 9:46 pm By Omar Faridi  |  

Fintech Galaxy, the UAE-headquartered open innovation platform, has acquired $2 million in seed funding in order to further enhance the development and rollout of its Open Finance platform, as it looks to further expand its reach and support financial inclusion across the MENA region. Fintech… Read More

October 22, 2021 @ 9:18 am By Omar Faridi  |  

Payment solutions provider Mastercard (NYSE: MA) has entered into a partnership agreement with Demica in order to introduce a supply chain finance capability within Track Business Payment Service (Track BPS). This should enable improved access to “flexible working capital for buyers and suppliers.” As mentioned… Read More

October 11, 2021 @ 10:42 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Citi (NYSE: C) have formed a new partnership in order to support local residents and small businesses via greater public-private sector collaboration. Through City Possible, Mastercard’s partnership and co-creation framework for cities, the two international firms will aim to “bring their… Read More

October 11, 2021 @ 10:26 pm By Omar Faridi  |  

PT Bank Jago Tbk recently announced that Ribbit Capital, which is one of the leading Fintech investors whose investments includes Tinkoff, Revolut, BharatPe, Robinhood, Affirm, Nubank, Coinbase and Credit Karma, has made an investment in Bank Jago, an Indonesia-listed tech -based bank with “a drive… Read More

October 1, 2021 @ 8:10 am By Omar Faridi  |  

COTI is pleased to confirm that its Visa debit cards and bank account are accessible to the public. With assistance from Simplex, both of these financial tools should help with addressing “economic inequality.” As noted in an update shared with Crowdfund Insider, COTI aims to… Read More