Netherlands-based TerraPay, an international payments infrastructure developer, recently confirmed that it was acquired by investors Prime Ventures and Partech Africa, and its management. The exact amount involved in the acquisition has not been shared publicly. These same group of investors, and IFC, a third investor,… Read More
The Marketplace Lending Association (MLA) has announced that it is backing the “Guidelines for Investing in Responsible Digital Financial Services.” These guidelines are the creation of the International Finance Corporation (IFC) which is part of the World Bank Group. The MLA represents some of the… Read More
International Financial Corporation (IFC), a member of the World Bank Group, and Ant Financial Services Group (Ant Financial), a China-based tech company and the operator of Alipay, announced on Monday the launch of their new 10×1000 Tech for Inclusion program at the 2018 Annual Meetings… Read More
The International Finance Corporation (IFC), part of the World Bank, and the Monetary Authority of Singapore (MAS) have signed a “Memorandum of Cooperation” agreeing to establish and develop the ASEAN Financial Innovation Network (AFIN). AFIN will strive to increase the adoption of Fintech innovation and… Read More
Remitly, an independent mobile remittance company in the US, announced its receipt of $38 million in new equity and debt financing from IFC, a member of the World Bank Group, and Silicon Valley Bank. The financing will aid in the company’s expansion to deliver international fund transfers… Read More
On Thursday, Argentina-based peer-to-peer (P2P) lending platform, Afluenta, announced it has secured a total of $8 million during its recent Series B funding round. Funds raised from the round were from International Finance Corporation (IFC) and Elevar Equity (each invested $4 million). Afluenta previously stated that… Read More
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