“Wow, all of this funding, and not a fintech company in sight”—there’s a sentence you won’t be hearing from investors for a good while. There are so many fintech ventures out there, investors are hard-put to choose. This week, they’ve opted for all-female microfinance, German personal shopping platforms, and peer-to-peerRead More
Post Tagged with: "microfinance"
Fintech funding is growing scarce? Maybe, but there are still plenty of big raises to speak of. The five biggest fintech raises this week range from a certain money transfer service in London, to microfinance in Mexico, to the first ecommerce platform developed solely for the sale and distribution ofRead More
The Underbanked is one of those inevitable but not imminent markets. It is inevitable that the next billion people entering the global middle class wired to the world through their mobile phone will be a massive market. However it is not imminent. You cannot realistically forecast when this will be big. You needRead More
Microfinance 1.0: The Gameen Foundation proves that default rates can be low when lending to the very poor. Microfinance is born. This was possibly the most important financial innovation in the last 50 years. Microfinance 2.0: Fast money rushes in and interest rates go to a level that is still better than loanRead More
Financial technology company Mambu will introduce its new custom-built cloud-based banking platform at Finovate Asia in Singapore tomorrow. The company began in the microfinance space and found the software offerings there limited. The high-end players used core banking platforms that inhibited them from moving downmarket, and the low-end players used spreadsheets andRead More