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Nolt Finance has been granted an operating licence from the Central Bank of Nigeria to aid financial inclusion in the country. It will now deliver financial services including investments and loans to SMEs and individuals. Nolt Finance is a disruptor in the social impact banking space. Nolt CEO Babatunde Dada said: “The CBN license gives … Read more
Norwegian VC firm Antler has come over all Iberian, opening offices in Lisbon and Madrid. Spearheading the expansion are Sérgio Massano, partner and director of expansion, and Ricardo Batista, director. Media reports suggest that the firm is looking to make 30 investments in Iberia by next year. Massano said: “Antler’s model is distinctive because we … Read more
Qualified investors can now acquire a native token called Multicoin (MTCN) which is being offered by the new social ecommerce platform Boom, just has launched in Nigerial and France. The platform allows consumers to buy, sell and pay for everything online without a bank account by leveraging blockchain technology and MTCN. Peter Alfred-Adekeye, founder and … Read more
TomoCredit has raised $122m in equity and debt. TomoCredit is a female, immigrant founded credit card lending to over 40 million credit-invisible immigrants and international students with no credit history in the US. The round attracted a number of strategic investors including Morgan Stanley’s Next Level Fund, MasterCard, and debt from Silicon Valley Bank. The … Read more
In the Philippines the Yuchengco-led Rizal Commercial Banking is to develop a scorecard to help provide credit to the country’s unbanked population. Its said the listed bank wants to address the challenges in evaluating loans to the unbanked in order to accelerate financial inclusion through data analytics.
DreamStart Labs and BRAC Bank are to provide digital financial services to unbanked women in Bangladesh. The two have agreed that BRAC will use technology from DreamStart to help women in rural communities access affordable small business loans. DreamStart is a fintech for emerging markets and BRAC is a leading commercial bank in Bangladesh. With … Read more
SurgePays, a US technology and telecommunications company focused on the underbanked and underserved communities which listed on Nasdaq last autumn, rings the bell today to celebrate its IPO. Brian Cox, SurgePays CEO, led the ceremony alongside members of the Company’s management and advisors. “This is an extremely exciting moment for the SurgePays team. Ringing the … Read more
Muhoot Finance is to open 150 new branches across India. It is one of the country’s largest gold loan NBFC and recently got permission from the RBI to expand. Gold loan financers are increasingly being used in India by the underbanked to access credit otherwsie unavailabe to them.
A record €122m has already been injected into the startup scene in Lisbon, Portugal. This compares with €34m in 2018. Some €102m was raised locally. The figures come from a Dealroom report which also states Lisbo-based startups are now worth €2.1 billion, three times higher than five years ago. What’s more, the Portuguese capital accounts … Read more