The fresh capital will be used by Jeff App to continue its aggressive expansion into new markets, with India being the next target. 

The fund will support and invest in social entrepreneurs working in the fields of agriculture, financial inclusion, supply chain and mobility, with the aim of solving social issues in India through business.

Axis Bank and Piramal Finance's recent partnership aims to boost financial inclusion for underserved borrowers, facilitate easier access to credit for MSMEs to foster business growth.

The Reserve Bank of India (RBI) on Friday said it has come across instances of micro lenders and non-bank financiers charging high, 'usurious' interest rates on small-value loans, reminding them to judiciously use their pricing power. 

Britam General Insurance and Habitat for Humanity International (HFHI) – Terwilliger Centre for Innovation in Shelter (TCIS), have signed a Memorandum of Understanding (MoU) to tackle the low market penetration of property insurance, which currently stands at 0.5%. 

By streamlining cross-border payments and reducing reliance on third-party currencies, initiatives like these promote financial inclusion and stability. 

African Guarantee Fund (AGF) has signed a Sh725 million ($5.37 million) risk-sharing partnership agreement with the Kenya Women Microfinance Bank  (KWFT).

With a grant from USAID, Blue Marble will scale an innovative financial product in Kenya to strengthen the climate adaptation of coffee farmers connected to global supply chains.

Oikocredit, alongside Z3 Partners and with the participation of British International Investment, has led a $39 million equity investment in Altum Credo to bolster affordable housing finance in India.

Through Mastercard Cross-Border Services, Equity Bank customers will be able to send funds through any Equity Branch Location in Kenya.