Category: Technology

MICROCAPITAL BRIEF: 2016 CGAP (Consultative Group to Assist the Poor) Photo Contest Accepting Entries Through September 7, 2016

CGAP (Consultative Group to Assist the Poor), a US-based, nonprofit policy and research center that aims to facilitate the expansion of financial access, is seeking Continue reading

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MICROCAPITAL BRIEF: Financial Technology Start-up iNuka Pap of Kenya Selected For First Barclays Africa Accelerator Program

iNuka Pap Limited, a Kenyan start-up technology company that enables members of local Savings and Credit Cooperatives (SACCOs) “to conveniently deposit, withdraw and access instant micro-loans as well as access other credit services”[3], is one of ten early-stage financial technology firms selected to participate in the first Barclays Africa Accelerator program. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Financial Technology Start-up iNuka Pap of Kenya Selected For First Barclays Africa Accelerator Program Posted in Africa, Technology

MICROCAPITAL BRIEF: KCB Bank, GoSwiff Roll Out Mobile Payments Solution in Rwanda

Kenya Commercial Bank (KCB), a Kenya-based publicly-traded financial services company, and GoSwiff, a Singapore-based payment facilitation firm, recently rolled out a mobile payment solution for merchants in Rwanda. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Flexible Microloan Repayment Schedules in Bangladesh; Merchant Acceptance of Digital Payments in Developing Countries; Global Standard-setting Bodies and Financial Inclusion

“Cost-Benefit Analysis of Traditional Versus Flexible Microfinance in Bangladesh;” by S. Bairagi, W. Bin Shadat; published by the Copenhagen Consensus Center; May 2016;  32 pages; available at: http://www.copenhagenconsensus.com/sites/default/files/bin_shadat_microfinance.pdf Continue reading

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MICROCAPITAL BRIEF: Kenyas’ Sidian Bank, Zohari Leasing to Finance Uber Driver’s Vehicles

Uber, a US-based car hailing service, and Sidian Bank, a Kenya-based commercial bank, recently announced they will support Uber drivers in the purchase or lease of new vehicles. Continue reading

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MICROCAPITAL BRIEF: Alibaba’s Ant Financial Raises $4.5b from Investors Including China Life, China Post Group, China Development Bank Capital, Primavera Capital Group to Expand Services in Rural Areas

Ant Financial Services Group, an online lender affiliated with Alibaba Group Holdings Limited, a Chinese e-commerce company, recently completed a Series B equity raise of USD 4.5 billion. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Alibaba’s Ant Financial Raises $4.5b from Investors Including China Life, China Post Group, China Development Bank Capital, Primavera Capital Group to Expand Services in Rural Areas Posted in South Asia, East Asia and Pacific, Technology

MICROCAPITAL BRIEF: ADA, formerly known as Appui au Développement Autonome, Belgian Raiffeisen Foundation, CERISE Launch Interface Integrating SPI-4, MFI Factsheet on Microfact Website

ADA, formerly known as Appui au Développement Autonome; Belgian Raiffeisen Foundation; and Comité d’Echange, de Réflexion et sur les Systèmes d’Epargne-Crédit (CERISE) recently partnered to integrate the Social Performance Indicators 4 (SPI-4) and MFI Factsheet programs, which can be accessed through Microfact, an online platform that offers tools and workshops intended to improve the performance of microfinance institutions (MFIs). Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: ADA, formerly known as Appui au Développement Autonome, Belgian Raiffeisen Foundation, CERISE Launch Interface Integrating SPI-4, MFI Factsheet on Microfact Website Posted in Technology

MICROCAPITAL BRIEF: Accion Venture Lab Invests in Alternative Credit Scoring Firm Aire

Accion, a US-based nonprofit providing microfinance services in 32 countries, recently announced that it will invest an undisclosed amount of money in Aire, a UK-based startup focused on credit score data analytics. Continue reading

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MICROCAPITAL BRIEF: Cignifi, Equifax to Generate Credit Scores Based on Mobile Phone Usage in Latin America

Cignifi, a US-based provider of information technology, and Equifax, a US-based consumer credit reporting agency, recently announced a “multi-year partnership” to offer credit scores in Latin America. Continue reading

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MICROCAPITAL BRIEF: Kreditech Raises $104m from Amadeus, International Finance Corporation (IFC), Peter Thiel, Previous Investors for Monedo Online Lending Platform

Kreditech, a German financial technology company, recently announced that it raised EUR 10 million (USD 11.2 million) as part of its Series C funding round from the International Finance Corporation (IFC), a member of the US-based World Bank Group, to invest mainly in its Monedo platform, which provides on-line banking products to consumers in both emerging and developed markets. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Mobile Money in Africa; Doing Business in Kyrgyzstan; Digitalization of Kenya’s Premier Credit

“Mobile Money Momentum in Four African Countries;” published by CGAP (Consultative Group to Assist the Poor); December 2015; 101 pages; available at: http://www.cgap.org/news/new-data-cgap-sets-benchmark-use-mobile-financial-services Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: MFI Client Satisfaction and Consumer Protection in Peru; Mobile Microfinance Users Predicted to Triple by 2020; Mobilizing Savings Through Agency Banking

“Voice of the Client: An analysis of client satisfaction and consumer protection across four microfinance institutions in Peru,” by J. Foelster, A. Pierantozzi, M. Pistelli; published by the Microfinance Information Exchange (MIX) in collaboration with Hivos People Unlimited; February 2016; 31 pages; available at: http://www.themix.org/sites/default/files/Voice%20of%20the%20Client%20Peru_0.pdf Continue reading

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MICROCAPITAL BRIEF: Telenor Pakistan Acquires Additional 49% Equity Stake in Tameer Microfinance Bank, Bringing Its Ownership to 100%

Telenor Pakistan, a subsidiary of Norway-based telecom provider Telenor Group, recently bought additional shares of the Tameer Microfinance Bank, a Pakistan-based provider of microfinance services, increasing its stake from 51 percent to 100 percent. Continue reading

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MICROCAPITAL BRIEF: CAF Development Bank of Latin America to Promote Billetera Movil (BIM) of Asociacion de Bancos del Peru (ASBANC)

CAF Development Bank of Latin America, a Venezuela-based multilateral financial institution formerly known as the Corporacion Andina de Fomento, recently announced that it will support the Asociacion de Bancos del Peru (ASBANC) Financial Studies Center, a Peruvian-based trade organization with 23 members, by promoting its Billetera Móvil (BIM) digital payment system through financial education and other services. Continue reading

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MICROCAPITAL BRIEF: SimbaPay Enables Remittances to Kenya, Nigeria from 5 Additional European Countries

SimbaPay, a UK-based digital money transfer service, recently announced it is expanding its money transfer service to France, Germany, Ireland, Italy and Spain. Continue reading

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MICROCAPITAL BRIEF: GSMA Launching “Connected Women Commitment” to Extend Mobile Money, Internet Usage Among Women

The GSM Association (GSMA), a coordinating group for telecoms operating under the Global System for Mobile Communications (GSM) standard, recently announced that it and its members are launching the “Connected Women Commitment” with the goal of lessening the “mobile gender gap” [1]. Continue reading

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MICROCAPITAL BRIEF: Stellar, Oradian Set Up Payment Transfer Network Among Rural Nigerian Microfinance Institutions

Stellar, a US-based nonprofit technology provider, and Oradian, a Croatia-based software developer serving financial organizations in West Africa, are setting up a “payment transfer network” to connect rural Nigerian microfinance institutions (MFIs). Continue reading

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