Tagged: underbanked

Bill and Melinda Gates Backed Project: U Microfinance Bank and Karandaaz Pakistan to Help Women Gain Access to Modern Financial Services

U Microfinance Bank Ltd., a wholly-owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – Etisalat Company, has reportedly signed a grant agreement with Karandaaz Pakistan, a company that aims to promote improved access to finance for small business owners via an investment platform, and financial… Read More

Fintech Startups Should Offer Savings and Investment Tools to the Unbanked and Underbanked to Promote Financial Inclusion, Says Catalyst Fund Executive

JPMorgan, the largest bank in the US, and UK Aid confirmed last month that they would invest $15 million into the business operations of Catalyst Fund, a Boston-headquartered project accelerator which funds Fintech firms in order to support financial inclusion efforts in India,  Mexico, and… Read More

Major Multi-Cryptocurrency ATM Network Bitcoin Depot Is Expanding Services to Over 500 ATMs Globally

Bitcoin Depot, one of the world’s fastest-growing multi-cryptocurrency ATM networks, announced on February 6, 2020, that it’s expanding its services to more than 500 ATMs, globally. This move will notably make Bitcoin Depot the largest blockchain ATM network in the world. The firm recently surpassed… Read More

Bangkok-based Lightnet, a Stellar Blockchain-enabled Platform, Secures $31.2 Million via Series A Round

Thailand-based Lightnet, a Stellar blockchain-enabled platform, has reportedly secured $31.2 million in funding in order to further develop its international payments service in the Southeast Asia region. The Bangkok-based company has finalized a Series A investment round that was led by established Asian financial conglomerates,… Read More

Mexican Challenger Bank Fondeadora Secures $2.5 Million in Investments from IGNIA Partners, LW Investment Management, Others

IGNIA Partners, LW Investment Management, and several angel investors are backing a Mexican challenger bank, called Fondeadora, via a recent $2.5 million investment. This is Fondeadora’s second investment round in 2019. Earlier this year, the banking challenger secured $1.5 million and has now raised a… Read More

San Francisco-based Fintech Migo Raises $20 Million in Round Led by New York’s Valor Capital Group

San Francisco-headquartered Migo, a Fintech firm that has developed a cloud-based lending solution, revealed on December 3 that it secured $20 million following the first closing of its Series B investment round. New York-based Valor Capital Group, an international VC firm with a special focus… Read More

Christian Catalini: Co-Creator of Libra Explains How the Facebook-led Project Aims to Enable Financial Inclusion

Christian Catalini, co-creator of the Facebook-led Libra payment system and head economist at Calibra, a subsidiary of the social media giant that’s focused on developing a digital wallet for Libra, says he’d been doing research in the cryptocurrency and blockchain space for many years before… Read More

Fintech Firm Grab’s Thailand Head Tarin Thaniyavarn Discusses Southeast Asia’s Financial Inclusion Challenges

Tarin Thaniyavarn, the country head for Fintech firm Grab’s Thailand division, points out that advancements in telecommunications and mobile technology allow users to perform and manage many different tasks from their smartphones. For example, we can book rides, order meals or groceries, and pay for… Read More

Fintech is Driving Financial Inclusion

While much of the discourse revolving around innovation in financial services tackles specific sectors of the industry, such as lending, payments,  or online capital formation, the reality is that the biggest beneficiaries of Fintech may be the underbanked: the millions of people who have never… Read More

Nova Credit Expands into Latin America: Solving Credit Access for Immigrants, One Country at a Time

Nova Credit, started as a Stanford graduate research project in 2015, has quickly gained ground as a cross-border credit reporting agency aiming to solve the problem of credit access for immigrants and underbanked.  The platform will begin serving immigrants from South America through partnering with the Brazilian credit bureau… Read More

Santander InnoVentures Moves into Brazil with Creditas Series-C Investment

Santander InnoVentures, the fintech venture capital fund of Santander Group, has invested in the startup Creditas, a leading Brazilian secured lending platform. Creditas is Santander InnoVentures, Santander’s USD 200 million corporate VC fund, first investment in Brazil and second in Latin America. Creditas increased of… Read More

Dash & Bitrefill Partner to Reach Global Underbanked and Unbanked

Dash, (DASH), a digital currency for payments, today announced its partnership with Bitrefill, reportedly the largest cryptocurrency top-up prepaid phone company, reaching over 160 countries and supporting 600 operators worldwide, including Verizon Wireless, TMobile and AT&T. The partnership will allow Dash customers to pay for their… Read More

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