According to the company MNT-Halan provides small- and micro-business lending, payments, consumer finance and e-commerce.

The $3 million seed extension round was backed by DOB Equity, Globivest, and Willard Ahdritz. The latest round brings to $7 million the amount of capital that the fintech has now raised via this funding round.

The Line of Finance aims to promote Islamic finance, improve financial inclusion, and support private sector development in Uzbekistan.

By offering a frictionless and friendly lending experience, the firm aims to empower traditionally underserved Filipinos to achieve their goals and bring them into the formal and secure financial ecosystem.

A recent joint study from the Cambridge Centre for Alternative Finance at the University of Cambridge and World Bank found that the financial regulators are prioritizing fintech business models to contribute to financial inclusion and boost local economies.

According to the release, the partnership was inked at the eighth Tokyo International Conference on African Development, and is among the first to involve an African fintech company.

The United Nations Capital Development Fund launched the challenge with the aim to attract local and global fintechs with market-ready solutions to address identified problem statements which represent the challenges faced by Pacific Islands Countries.

The theme of the 2022 IF50 competition is “Making Digitalization Count.”

The fintech has now raised $38 million to date and intends to use the fresh capital to launch new financial products in Ghana, expand its customer base throughout the continent.

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