The company projects it will process around $400 million in payments this year in the five countries in which it operate.

The investment, brokered by CARE Social Ventures, will significantly expand efforts to ensure women and girls have the digital and financial access they need to thrive in today’s world.

Licensed digital/online money lenders, who are diverting from the newly issued digital lending guidelines issued in March by the Uganda Microfinance Regulatory Authority (Umra), risk having their licenses revoked, the sector regulator has warned.

This partnership is poised to significantly narrow the financial inclusion gap, streamlining the processes of money transfer, savings, and credit accessibility for individuals.

The IFC financing will be aimed at supporting the growth plan of Arrendamás, focusing on increasing both the placement of products, as well as the diversification and quality of its credit portfolio.

The grant will allow Opportunity International to provide micro and small business loans, digital tools and specialized technical training to women-led small- and micro businesses in the Democratic Republic of the Congo (DRC), Ghana, Nigeria and Uganda.

Quest Digital Finance, a Ugandan tech company, is placing the power of banking and service delivery in the palms of the farmers and entrepreneurs using its digital platforms.

A new investment will help increase access to finance for small businesses, especially women-owned firms, while promoting sustainable projects 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.

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