Tag: Financial Inclusion

Sierra Leone’s Metro Cable and Velmie team up for Vult: A...

Metro Cable, Sierra Leone's leading provider of high-speed gigabit internet access, and Velmie, a renowned banking technology provider, have teamed up to launch Vult, a modern digital wallet solution.

Endava partners with Finexos to revolutionise AI-driven credit risk management

Endava, a leading technology services company combining world-class engineering, industry expertise, and a people-centric mindset, has announced its partnership with Finexos, an AI-powered credit risk and analytics platform.

BimaPay secures $2m funding to revolutionise insurance technology in India

BimaPay Finsure has successfully secured a funding boost of $2m, orchestrated by LC Nueva Investment Partners, according to a report from the Hindu Business Line. 

Annapurna Finance secures $75m investment from Piramal Alternatives to boost microfinance

Piramal Alternatives, the fund management division of the Piramal Group, today announced a significant investment of USD 75 million (INR 600 crores) in Annapurna Finance Private Limited, a leading non-banking finance company focused on microfinance.

Saudi Arabia’s Abyan Capital closes $18m Series A round, led by...

Abyan Capital, a pioneering robo-advisory firm in Saudi Arabia, has closed an impressive $18m Series A funding round, with STV taking the lead alongside Wa'ed Ventures and RZM Investment.

Northern Arc secures $80m boost from IFC, enhancing financial inclusion in...

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 boost Kenya’s remittance landscape with innovative cross-border...

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

African InsurTech deal activity sees slight uptick in 2023, contrary to...

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...

Omni-channel InsurTech leader Qoala raises $47m to fuel Southeast Asian insurance...

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

WealthTech’s new horizon: Catering to the Millennial and Gen Z investment...

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.

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