News Archive | Page 7 of 22 | Flourish Ventures

[Arab News] Indian fintech M2P bets its money on Saudi Arabia’s economic opportunity

CAIRO: Far from the business frenzy around the FIFA World Cup in neighboring Qatar, Saudi Arabia is laying the ground for a business opportunity that could change the fortune of the Kingdom. In the last few months, its banking sector has invited a slew of financial technology companies that could...

[TechCabal] Fintech Unicorn Chipper Cash set to buy Zambia fintech pioneer Zoona

Pan-African cross-border payment app Chipper Cash is set to acquire Zambian fintech company Zoona Transactions International, according to a statement shared with TechCabal. This acquisition will allow Chipper Cash, which has a self-reported user count of 5 million, to add new online services and a new agent network to its offerings. This...

[Business Insider] eCurrency providing technology for National Rollout of CBDC in Jamaica

eCurrency has entered into a long-term partnership with Bank of Jamaica to provide technology services for the national rollout of its Central Bank Digital Currency (CBDC) - JAM-DEX. Jamaica became the first country to recognize its CBDC as legal tender. In June 2022, the Jamaican Parliament passed amendments to the Bank of Jamaica Act and...

[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...

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...