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.

High interest rates cause Lending Tech seed deal activity to almost...

Key Global Lending Tech seed investment stats in Q1 2024: • Lending Tech seed deal activity reached 46 funding rounds in Q1 2024, a 49%...

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.

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