Tagged: Kenya

The Monetary Authority of Singapore Partners with Central Bank of Kenya on “Afro-Asia Fintech Festival”

Following the success of the state-sponsored Singapore Fintech Festival, the Monetary Authority of Singapore (MAS) has partnered with the Central Bank of Kenya (CBK) to launch a new event – the inaugural Afro-Asia Fintech Festival. The conference will take place in Nairobi this coming July…. Read More

Standard Chartered Launches Africa eXellerator Innovation Hub in Kenya

Standard Chartered Bank announced on Monday it has officially opened its Africa eXellerator Innovation Hub in Kenya. According to the digital bank, the innovation hub will serve asa platform to collaborated with fintechs in Kenya, as well as the broader African region to drive innovation… Read More

Kenyan Fintech Lendable Completes Second Round of Asset-Backed Pass-Through Notes With Institutional Investors

Kenya-based Fintech platform Lendable announced on Thursday the closing of an innovative secured dual tranche 36-month note program, called Multi-Originator Segregated Portfolio 2, or “MOP2.” According to Lendable, MOP2 is the second fundraiser of secured pass-through notes backed by consumer, SME, solar and productive asset loans originated by… Read More

Modulus CEO Slams Congressman Sherman’s Anti-Crypto Opinion

Congressman Brad Sherman is well known for his anti-crypto perspective having attacked digital currencies during Congressional hearings. Modulus CEO Richard Gardner recently challenged Representative’s Sherman opinion pointing to a statement emanating out of Kenya. Bitange Ndemo, Chairman of the Taskforce on Distributed Ledgers and Artificial Intelligence… Read More

P2P Lender Lendable Receives Dutch Development Bank FMO Convertible Grant

Kenyan-based Fintech platform Lendable has been extended a convertible grant from Dutch Development Bank FMO to provide a “first loss” backstop.  The $450K convertible grant, provided by the Dutch government’s FMO managed MASSIF fund, aims to reach targeted end-beneficiaries through financing local financial intermediaries and institutions that… Read More

IBM’s Microfinance Blockchain in Kenya Tests the Viability of Hyperledger

The Senior Vice President in charge of Platforms & Blockchain at IBM, Bridget van Kralingen, gave an inspiring talk in mid-May at the giant Consensus cryptocurrency and blockchain conference in New York. She said she’d long held a dream making micro-finance more available in the… Read More

Mastercard Teams Up With Unilever to Launch Digital Lending Platform For Kenyan Entrepreneurs

On Tuesday, Mastercard announced it was extended its strategic partnership with Unilever to launch a new digital lending platform specifically for Kenyan entrepreneurs. While sharing details about the platform, Ajay Banga, President and CEO of Mastercard, stated: “Micro and small businesses are the economic backbone of… Read More

ADGM, IFC and CMA Kenya Pen Fintech Cooperation Agreement

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi and the Capital Markets Authority (CMA) Kenya signed a Cooperation Agreement which provides a framework for cooperation to support financial innovation in each jurisdiction. The Agreement was signed by Paul Muthaura, Chief Executive,… Read More

New Solar Crowdfunding Platform Ecoligo Launches Kenya Project

Berlin-based ecoligo, a crowdfunding startup for solar projects in emerging markets, has opened to investors today with an offer to back a 66 kWp solar installation for a flower farm in Thika, Kenya. ecoligo is seeking a total investment of €107,000 that will fund the… Read More

WorldRemit Forms Partnership With KCB to Offer Instant Money Transfer to Kenya

Digital money transfer service, WorldRemit, announced on Friday it has partnered with East and Central Africa bank, KCB, to create a new instant option to send remittance to Kenya. According to the company, the partnership aims to support the growing demand for instant, digital remittances among… Read More

Brief: Kenya Fintechers Equity Bank & Safaricom Align with PayPal

Equity Bank and Safaricom, a Kenyan lending platform and a telecom platform, are courting PayPal customers seeking to make transfer account funds more quickly and easily, according to Business Daily Africa.  The agreement signed by Equity Bank means customers can now cash their PayPal accounts in three days instead of the earlier… Read More

AlliedCrowds Reports: India Tops Developing Countries for Alternative Finance List

On Wednesday, AlliedCrowds released its latest report on the top developing countries for alternative finance. The data analyst company revealed it used its new emerging market alternative finance tool, Capital Finder, to identify the financing options for entrepreneurs in their countries and sections along with breaking down the type of… Read More

Kwanji Overfunds SyndicateRoom Crowdfunding Goal by 123%

Kwanji, the emerging market payment specialist, has closed its first crowdfunding round, exceeding its initial target and finishing 123 per cent overfunded having raised £496,682 on the UK equity crowdfunding platform,  SyndicateRoom. “Kwanji is a fantastic UK-based fintech business, which helps SMEs save significant amounts of money… Read More

Cloud Lending Solutions Appoints World Bank Vet & Opens New Nairobi Office: Expanding the Power of Microfinance Funding

Cloud Lending Solutions, an end-to-end lending solution built natively on salesforce.com, announced the appointment of  Harold Rosen to the company’s Advisory Board, bringing his more than 30 years of experience in the microfinance industry, including driving social impact investing at the World Bank. In addition, the company is expanding… Read More

M-Changa Founders Discuss Platform’s Mission

Ready to shine some light on crowdfunding in the country of Kenya, co-founders of the platform M-Changa, Kyai Mullei and David Mark, spoke to Demo Africa about how they successfully made traditional organized giving through the mobile money platform along with their latest mission to seek… Read More

Ryan Lewis’ 30/30 Project Tops Crowdfunding Campaign Goal on Indiegogo

Excited to share the special news, American rapper Ryan Lewis took to his Twitter account on Thursday to announce the 30/30 Project, which will help build HIV clinics in Malawi, has smashed its original crowdfunding campaign goal on Indiegogo and raised $137,600 from 1,200 backers. Immediately… Read More

30/30 Project Exceeds Its $100k Crowdfunding Goal on Indiegogo

With less than a week until it closes, the 30/30 Project’s crowdfunding campaign has surpassed its goal on Indiegogo. The organization has a partnership with Julie Lewis, American Rappers Macklemore and Ryan Lewis along with Construction of Change to build healthcare facilities all over the… Read More

Watch Me Go Launches Crowdfunding for Girls High School Education

Watch Me Go is a new organization giving girls living in urban slums around the world the opportunity to go to high school. It recently launched the first crowdfunding platform dedicated entirely to girls’ secondary education in developing countries, and is currently raising funds to… Read More

Crowdfunding and Climate Innovation: The Next Steps are in Funding Impact Investing

The future of Impact Investing and Crowdfunding was on display in Nairobi, Kenya last week.  At the World Bank/infoDev’s annual funding meeting their budget was divvyed up among the creation of Climate Innovation Centers (CIC) in Kenya, Ethiopia, South Africa, Vietnam and the Caribbean and… Read More

FlameStower Fire Charger Beats Goal on Kickstarter, Forms Partnership in Kenya

FlameStower, a device that can charge your cell phone by using fire, has beaten their goal on Kickstarter by raising over $38,000 on a $15,000 goal.  The campaign continues to raise funds and is scheduled to close on October 24th.  With the successful funding round… Read More

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