Tagged: low income workers

Brazil’s Largest Retailer Via Varejo Acquires Boston-based Fintech AirFox for Undisclosed Amount

May 23, 2020 @ 1:39 pm By Omar Faridi |

Via Varejo, the largest retail company in Brazil, has confirmed that it will be acquiring AirFox, a US-based Fintech firm. The amount involved in the transaction has not been disclosed. AirFox will maintain its Boston head offices and will also operate as a Fintech “innovation… Read More

Read more in: Fintech, Global | Tagged airfox, boston, brazil, digital wallets, financial inclusion, latin america, low income workers, mobile banking, online wallets, South America, Unbanked, underbanked, united states, us

Padmini Gupta’s Dubai-based Fintech Firm Rise, which Helps Low Income Migrant Workers, Secures New Investments

March 24, 2020 @ 1:05 am By Omar Faridi |

Dubai-headquartered Fintech firm Rise has secured funding via an investment round led by Middle East Venture Partners (MEVP). The round was carried out through a partnership with Dubai International Financial Centre (DIFC) Fintech Fund, 500 Startups, Khwarizmi Ventures and Phoenician Funds. The amount invested has… Read More

Read more in: Fintech, Asia | Tagged difc, dubai, dubai international financial centre, low income workers, mena, middle east, middle east venture partners, migrant workers, Padmini Gupta, rise, uae, united arab emirates