Tagged: financial inclusion

November 10, 2022 @ 9:03 pm By Omar Faridi  |  

Tonik, the Philippines’ first neobank, continues “to accelerate financial and credit inclusion with the launch of its two new lending products, Flex Loan and Big Loan.” Building on the success of its all-digital savings portfolio and successful launch of its first lending product, Quick Loan,… Read More

November 10, 2022 @ 4:06 pm By Omar Faridi  |  

The all-new Kuda app has arrived on the Play Store and the App Store with features including investments and UK-to-Nigeria transfers. Financial inclusion is in “our soul,” the company claims, while noting that since 2019, they have worked “with almost five million users to build… Read More

October 18, 2022 @ 11:31 pm By Omar Faridi  |  

UK-headquartered payments Fintech, allpay Limited, have teamed up with Salt Edge, a key player in Open Banking services, to enable businesses to offer customers, including people with vulnerable financial situations, a convenient payment experience, being a part of the larger financial inclusion initiative of the… Read More

September 23, 2022 @ 6:11 pm By Omar Faridi  |  

Stackwell, the digital investment platform created to eliminate the racial wealth gap,  announced the release of its first product, a robo-investing app, which is currently “available for download in the App Store.” Designed for the Black community, the app focuses on “promoting accessibility, education, and… Read More

September 18, 2022 @ 4:17 pm By Omar Faridi  |  

Robinsons Bank (RBank), owned by JG Summit Holdings, Inc., one of the Philippines’ largest and most diversified conglomerates, announced that it has chosen BPC as its solution partner to co-innovate, “to drive financial inclusion and digital adoption across the nation.” Using BPC’s SmartVista Platform, RBank… Read More

August 5, 2022 @ 6:17 am By Omar Faridi  |  

Pakistan-based Fintech firm OneLoad, which aims to serve micro-retailers, has secured $11 million in order to support a growth phase as it focuses on tapping one of the world’s largest unbanked/underbanked nations. The recent investment round has been led by Sarmayacar and Shorooq Partners, along… Read More

July 30, 2022 @ 12:37 pm By Omar Faridi  |  

B9 Inc, a payroll solution platform, aimed at supporting creditworthiness via employment data and economic behavior, announced a $2.6 million round that has been led by Sky Light Invest along with contributions from Fintech investors Mbanq and the founders of Wrike, a project management app…. Read More

July 29, 2022 @ 9:06 pm By Omar Faridi  |  

Dbank, a Pakistan-based Fintech company established by two ex- Google professionals, has acquired $17.6 million via a seed round that has been co-led by Sequoia Southeast Asia and Kleiner Perkins. Brazil’s virtual banking platform Nubank, RTP Global, Rayn and business partner Askari Bank also took… Read More

July 24, 2022 @ 2:26 pm By Omar Faridi  |  

Integrating Youtility’s platform enables Pockit clients to compare and save on household subscriptions helping to save hundreds of pounds every year. The current cost-of-living crisis is expected to get worse throughout this year, especially in October when energy bills are set to increase by as… Read More

July 22, 2022 @ 3:37 pm By Omar Faridi  |  

TomoCredit, the immigrant founded credit card lending to more than 40 million credit-“invisible” immigrants and international students with no credit history in the U.S, announced that it raised $122 million in equity and debt. The investment round has attracted investors “including Morgan Stanley’s Next Level… Read More

July 20, 2022 @ 10:47 pm By Omar Faridi  |  

FairPlay, which claims to be the world’s first “Fairness-as-a-Service” solution for algorithmic decision-making, announced that it has raised $10 million in Series A funding. The investment round was “led by Nyca Partners, with participation from Cross River Digital Ventures, Third Prime, Fin Capital, TTV, Nevcaut… Read More

July 6, 2022 @ 10:57 am By Omar Faridi  |  

Quirk, the new finance app developed for Gen Z consumers, has been introduced to the wider public this week after managing to reach 10,000 beta users. The app’s developers are offering this “financially-neglected” generation their “best” way to get on top of their finances and… Read More

June 30, 2022 @ 11:35 am By Omar Faridi  |  

StellarFi, a public benefit corporation, recently announced its credit-building product is now “available to everyone.” With this news, 132 million Americans — who currently have poor credit or no credit, or are living paycheck to paycheck –– “may build their credit rating simply by paying… Read More

June 26, 2022 @ 10:22 pm By Omar Faridi  |  

Small business credit platform Tillful, backed by ING Ventures, Experian Ventures, Bitrock Capital, and Katalyst Ventures, announced that it’s partnering with Experian to help establish credit profiles for businesses that “are new to credit or otherwise credit invisible, and thereby potentially expand the range of… Read More

June 13, 2022 @ 3:47 pm By Omar Faridi  |  

Coinme, a cryptocurrency cash exchange in the U.S., and Circle, a global internet finance firm and the issuer of USD Coin (USDC), recently announced at Consensus 2022 a strategic collaboration “to integrate USDC into Coinme’s global cash onramp and offramp ecosystem.” The integration “promotes financial… Read More

June 10, 2022 @ 11:53 am By Omar Faridi  |  

On the margins of the Ninth Summit of the Americas, DFC and Mastercard (NYSE: MA) announced the first joint program in response to the Call to Action for Northern Central America the Vice President launched in May 2021. The Call to Action is designed “to… Read More

June 9, 2022 @ 11:27 pm By Omar Faridi  |  

The AXIAN Group recently revealed that it has joined Disruptech Egypt Fund I, which is a venture capital fund focused on supporting technology-enabled firms and Fintech startups in Egypt. Disruptech Egypt Fund I is a VC fund dedicated to further developing Egypt’s financial-technologies sector by… Read More

June 5, 2022 @ 10:40 pm By Omar Faridi  |  

Indian Fintech firm Razorpay notes that Slack has become one of the “most popular” communication apps used in businesses today. As mentioned in a blog post by Razorpay, Slack is a digital workplace communication tool that “connects you to people and tools you work with.”… Read More

May 30, 2022 @ 3:09 pm By Omar Faridi  |  

Sanjay from the People and Talent Team at MarketFinance notes that his primary role is Talent Acquisition Lead where he helps find the best people to build their vision of “frictionless finance” for small businesses. Equally important to him is his position as Chair of… Read More

May 10, 2022 @ 11:36 pm By Omar Faridi  |  

Bringing forth the inception of a “new era” in financial inclusivity, Netbank has introduced the Netizen Mobile Banking App as a “One-Stop-Banking Solution” “for Pinoy OFWs around the world.” With a commitment to address solutions to OFWs’ banking transactions, Netizen is developed to be “easy,… Read More