The Series A round was led by Flourish, DST Global partners and existing partners Newfund, Speedinvest and Le Studio VC.
FairMoney, a Paris-based fintech startup that that uses alternative smartphone data to underwrite microcredit in Nigeria, has raised EUR10 million with the aim of creating a fully-fledged mobile banking service.
Flourish portfolio company Aspiration to offer debit-card users cash rewards of 3% to 5%. Retailers in the program include Warby Parker, Brandless.
Flourish, a venture of The Omidyar Group, led the Series A investment round alongside existing investors.
New-age digital banking services provider Yelo has raised its first round of institutional funding from Matrix Partners India with participation from Omidyar Network, Flourish Ventures, and Better Capital.
Today, 1 in 5 workers in the U.S. are contracted. Steady founder Adam Roseman and investor Shaquille O'Neal appeared on MSNBC's Morning Joe to discuss how the Steady app aims to support the gig economy.
The Economist shines a light on how moves to expand “financial inclusion” are being extended to bring the poor insurance as well as mobile-money accounts and access to credit with examples of progress from portfolio companies Toffee, Pula and MircroEnsure.
Flourish Ventures participated in the Series C round.
Flutterwave has partnered with Chinese e-commerce company Alibaba’s Alipay to offer digital payments between Africa and China.
Fintech-focused consulting firm Mondato published research spotlighting “nudging” – a promising tactic that could to be the way of the future in financial services, marrying behavioral science with real-world applications to increase fiscal responsibility for consumers of all socioeconomic backgrounds. Originating from the thought laboratories of Nobel Prize winners, nudging manifests in digital finance in...