Tag: Financial Inclusion

Northern Arc, a diversified non-banking financial company (NBFC), proudly announces securing an investment of $80m from the International Finance Corporation (IFC), a member of the World Bank Group.

Mastercard and Equity Bank have unveiled a strategic collaboration that will revolutionise the way money is transferred across borders.

Key African InsurTech investment stats in 2023: • African InsurTech companies raised a combined $30.4m in 2023, a 53% reduction from 2022 • African InsurTech deal...

Omnichannel InsurTech firm, Qoala, has successfully completed its Series C funding round, amassing $47m.

The financial domain is on the brink of a transformative era, driven by the digital-first mindset of Millennials and Gen Z. These generations are not just reshaping the investment landscape with their tech-savviness and social awareness, but they're also the catalysts for the dynamic evolution of WealthTech. This sector is now keenly focused on tailoring its offerings to meet the unique preferences of these emergent financial powerhouses.

The rise of the mass retail investor has significantly shaped the financial landscape over the past decade. Velexa, a fully customisable API-based investing platform, has delved into how fractional bonds are a tool for financial inclusion. 

Yenmo, a FinTech startup providing instant loans against mutual funds, has successfully completed its latest funding round, securing $500,000 from the Silicon Valley-based startup accelerator, Y Combinator, according to a report from Business Standard.

nsave SA, a Swiss FinTech company, has successfully closed its first round of seed funding, securing a significant $4m investment.

Philippine neobank Zed introduces pioneering "no-fee" credit card, securing $6m in funding

The Cooperative Bank of Oromia (CoopBank), one of Ethiopia's premier banking institutions, has partnered with the global FinTech powerhouse, Temenos, to launch innovative digital banking solutions.