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Mongolian Fintech LendMN Raises $20M to Drive Financial Inclusion
LendMN aims to enhance financial accessibility and inclusion to underbanked and unbanked populations. The fintech’s Flexi Business Loan account has facilitated over $70 million in loans to Mongolian businesses.
Debt finance provider Lendable funded the growth, opening LendMN to more investments and providing a platform for Mongolian fintech firms.
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Financial Inclusion, Reframed: What the Well-Being Literature Can Teach Us
While financial well-being is increasingly treated as the end goal of financial inclusion, we’re still not fully connecting the two concepts. This proposed framework for financial well-being addresses people’s material, psychological and social needs.
How AI and Human-Centered Design Can Transform Financial Inclusion in Colombia
A recent pilot used machine learning and digital tools to provide personalized financial recommendations for rural users, with promising results.
Using AI to Bring Social Capital Into Credit Decisions
Could the data representing a person’s social life be analyzed by AI to determine creditworthiness?