News Archive | Page 7 of 22 | Flourish Ventures

[Finextra] SBM Bank launches Ki Cash digital account

SBM Bank (India) Limited in association with Kaleidofin Private Ltd, a fintech platform (acting as Business Correspondent), announced the launch of ‘ki cash’, a fully digital product that combines low-cost full-service banking with quick disbursal of loans. The savings account will serve to accelerate digital adoption in the informal sector...

[Africa Update] Bibi chatted with Daniel Oparison

This week on the Africa Update Bibi chatted with Daniel Oparison. Daniel Oparison is a growth strategist who has done incredible work in the strategy and tech space in Nigeria. He's part of the Paga Tech team, Paga is one of the biggest mobile payment platforms in Nigeria! He chats...

[VCCircle] NeoGrowth Raises $20 Mn From DFC Via ECBs

NeoGrowth Credit Pvt. Ltd, a small and medium enterprises-focused fintech lender, has secured $20 million (around Rs 160 crore) from the United States International Development Finance Corporation (DFC) via the external commercial borrowing (ECB) route. The funding commitment is for 5 years with a 2-year moratorium on principal payment and...

[American Banker] 5 tech trends helping the unbanked access financial services

Mobile banking is way up. Online payment services are in. By Miriam Cross These are two of the findings in the Federal Deposit Insurance Corp.'s 2021 National Survey of Unbanked and Underbanked Households, a biennial survey that measures the ways and degrees to which Americans access safe and affordable banking services. The...

[e27] Why kirana stores are central to India’s digital opportunity

Originally posted on e27 Image credit: 123rf-amberkhane1986 The COVID-19 pandemic showed us just how important kirana stores are in India. Rather than abandoning their neighbourhood shops in favour of online deliveries, Indian consumers told us they bought more groceries from these local shops during lockdowns. They also said they had...

[TechCrunch] Global VC Flourish launches Madica, an Africa-focused program to back pre-seed stage startups

Originally posted on TechCrunch By Annie Njanja Access to funding and lack of support systems are some of the greatest challenges faced by startup founders in sub-Saharan Africa. And while venture capital and founder support programs within the continent are growing, a lot still remains to be done to meet...

Flourish Ventures Launches Africa-Focused Pre-Seed Investment Platform Madica

New investment program targets up to 30 underrepresented entrepreneurs in underserved sectors and geographies across Africa SAN FRANCISCO, Calif., October 24, 2022 – Flourish Ventures, a global venture capital firm investing in mission-driven fintech entrepreneurs, today announced the launch of affiliate Madica, a structured investment program for pre-seed stage technology...

[TechCrunch] MaxAB, an Egyptian B2B e-commerce platform for food and grocery supplies, nabs $40M

Originally posted on TechCrunch By Tage Kene-Okafor Last year, MaxAB, the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches; the latter accompanied its acquisition of the Morocco-based and YC-backed WaystoCap. The...

[NeoFeed] Fundo do bilionário fundador do eBay cria base no Brasil e sai à caça de fintechs

A Flourish Ventures, fundo que tem o fundador do eBay Pierre Omidyar como único investidor, já investiu em sete startups no Brasil. Agora, abre escritório em São Paulo e vai intensificar a busca por fintechs. View the full article on NeoFeed Brasil

[The Economic Times] Flourish Venture sees opportunities in embedded finance fintech platforms for kirana stores

Originally posted on The Economic Times Global venture capital firm Flourish Ventures is planning to invest in Fintech start-ups looking at increasing its exposure to fintechs focused on embedded finance in retail especially the kirana stores in India, besides fintechs focused on B2B infrastructure platforms and consumer personal finance. “(In...

[Protocol] Report: Corner stores around the world offer a big fintech opportunity

Originally posted on Protocol By Veronica Irwin Photo credit: Dhiraj Singh/Bloomberg via Getty Images Fintech startups that depend on retail spending are struggling right now. Whether a recession is coming or already here, discretionary spending is significantly down for the first time since the 2008 financial crisis, according to a...

New Research Finds Corner Shops are Faring Well Against Big Box Stores in Emerging Markets, but Digital Challenges Remain

Flourish Ventures Research Reveals Shopkeepers in Brazil, Egypt, India and Indonesia are Reporting Strong Customer Traffic but Risk Falling Behind if They Don’t Become More Tech Savvy Today, Flourish Ventures released a new research report showing that corner shops are doing better than predicted despite protracted supply chain issues and...