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News

ABC Fund Provides $3M to Microfinance Lending Initiatives in Colombia

The lending brings the Fund’s total number of investments to 23 firms globally, as it continues its goal to enhance the everyday lives and livelihoods of smallholder farmers while increasing opportunities for women and younger individuals.

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Take Part in e-MFP’s Financial Inclusion Compass Survey; Now Open Until 7 June

The survey is available in English, Spanish and French, and like last year, the final publication will be produced in all three languages as well.

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Kamel Pay and Mastercard Launch New Card Propositions to Drive Financial Inclusion in the UAE

The partnership will see the launch of two unique card products designed to meet the growing needs of businesses and underbanked individuals, supported by a feature-rich digital app powered by Mastercard’s secure, contactless payment technology.

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FICO Launches FICO® Score 4 Suite to Broaden Financial Inclusion in Mexico

The new score models can help lenders, insurers, and service providers in Mexico extend access to credit to an additional 8 million eligible consumers.

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IFC’s First Investment in an NBFI in the Philippines to Support Women-Owned Small Businesses, Drive Post-COVID Recovery

The funding will allow Esquire, a market leader in the unsecured small and medium enterprises loan segment, to grow its loan portfolio and better serve women-owned SMEs during and after the global pandemic.

News

Banorte Joins UN Campaign for Financial Inclusion of Refugees in Mexico

Banorte is the biggest financial institution in the country to offer a digital banking account under the UN program.

News

AFC Offers Its E-Learning Course on Climate Finance, Resilience and Financing for Biodiversity Impact in East Africa

Through this course, bank staff learn about climate risks and opportunities, methods to assess climate risk and offer biodiversity or nature-based adaptation and mitigation solutions to climate proof their clients and reduce the bank’s exposure to climate risk. 

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Vietnamese Fintech Startup Trusting Social Raises $65m Series C

Trusting Social is an AI fintech company aspiring to democratize financial services through AI-based consumer insights and embedded finance.

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$60+ Million in Commitments for UN-Affiliated Impact Investment Vehicle Announced at the Finance for Development Forum

The funding was committed from six member states to the BUILD Fund, a blended impact investment vehicle, as well as its associated technical assistance facility, to finance small and medium-sized businesses in the world’s least developed countries to help achieve the Sustainable Development Goals.