The series A funding comes from Incofin India Progress Fund, a private equity fund launched in 2021. As of June 2023, Varashakti Housing Finance offers home loans, home improvement loans, loans against poverty and small ticket business loans.

Symbiotics Investments' loan represents the first-ever local currency loan by any international institution in the microfinance sector of Pakistan.

Paywatch, a South Korean startup based in Malaysia since 2022, announced last week an MoU with Visa to promote financial inclusion and bridge the gap between traditional banking services and the unbanked populations in Asia.

The funds have been earmarked to fund women and youth financing, thereby promoting gender equality and female empowerment.

The extension of the Local Government Initiative on Climate Change Project will be implemented in two districts of Bangladesh to strengthen communities' resilience to the impacts of climate change.

The Bangladesh Garment Manufacturers and Exporters Association has partnered with Mitro Fintech Ltd to improve the financial inclusion of Ready-Made Garments workers by offering them digital financial solutions.

The $10 million MicroVest investment in Annapurna microfinance aims to promote economic inclusion in underserved rural communities, with a specific emphasis on empowering women in India.

Huawei, a leading global technology solutions provider, recently reaffirmed its commitment to bKash, the leader in mobile payments and financial services in Bangladesh, that will plot the way towards financial inclusion.

The International Finance Corporation is supporting the Commercial Bank of Ceylon to launch a digital marketplace in Sri Lanka, which will help business owners connect with more customers locally and abroad.

India’s leading Electric Vehicle financing non-bank financial company has recently raised $7 million green bond arranged by Symbiotics Investments to strengthen its retail Electric Vehicle portfolio for two and three-wheelers across the country.