Tagged: Kenya

April 8, 2019 @ 7:39 am By Samantha Hurst  |  

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

December 13, 2018 @ 3:00 pm By Samantha Hurst  |  

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

October 13, 2018 @ 6:50 pm By JD Alois  |  

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

August 23, 2018 @ 7:03 am By Erin Hobey  |  

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

May 26, 2018 @ 3:26 pm By Cali Haan  |  

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

May 1, 2018 @ 1:23 pm By Samantha Hurst  |  

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

August 3, 2017 @ 10:51 am By Erin Hobey  |  

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

April 3, 2017 @ 8:31 am By JD Alois  |  

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

March 24, 2017 @ 4:24 pm By Samantha Hurst  |  

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

September 22, 2016 @ 7:03 am By Erin Hobey  |  

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

August 10, 2016 @ 2:17 pm By Samantha Hurst  |  

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

February 16, 2016 @ 6:37 am By Erin Hobey  |  

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

May 19, 2015 @ 12:12 pm By Erin Hobey  |  

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

May 26, 2014 @ 11:52 am By Samantha Hurst  |  

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

May 23, 2014 @ 2:49 pm By Samantha Hurst  |  

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

May 15, 2014 @ 3:28 pm By Samantha Hurst  |  

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

January 22, 2014 @ 11:25 am By JD Alois  |  

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

December 17, 2013 @ 10:45 am By Sherwood Neiss  |  

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

October 11, 2013 @ 7:31 am By JD Alois  |  

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

August 30, 2013 @ 3:02 pm By JD Alois  |  

GATE Global Impact (GGI), an electronic regulatory-compliant marketplace that provides market infrastructure for public and private investments, has partnered with Indigo Group to provide high-speed internet to the parts of the developing world.  The project titled,  “ImpactWIFI“,  will bring the internet to rural areas in Africa to increase… Read More