EBANX Launches Payment Initiator Service for Brazilian Merchants via Pix
International payments in rising markets company EBANX has been authorized by the Central Bank of Brazil to offer a payment initiator service via Brazil’s instant payment platform Pix.
Fintech Purpl to Democratize Remittances, Support Financial Inclusion Efforts in Lebanon
In the first phase, Purpl will only operate their cash out solution, as a technology provider, via the partnerships signed with international digital remittance companies and licensed local cash out partners on the ground in Lebanon.
Comun Raises $4.5M to Promote Financial Inclusion with Latino-First Approach to Banking
The company plans to use the funds to build a financial hub with expanded solutions and resources for Latino immigrants in the US.
SC Ventures to Collaborate With Yabx on Financial Inclusion in Africa
The partnership is leveraging digitization in the financial sector accelerated by the pandemic to create unique, Africa-specific products that will increase access of credit to the underbanked across the continent.
World Bank Approves $120M Tunisia Loan
According to the World Bank, the loan aims to finance Tunisian institutions for lending to eligible small and medium-sized enterprises.
CSI’s Banking-as-a-Service Capabilities Facilitate New Fintech Partnerships
CSI’s advanced application programming interface capabilities provide simple, secure and audited access to a host of solutions including account opening, deposits, savings, payments, cards, identity verification and other critical lines of financial services.
Singapore-Based Fintech Tazapay Raises $16.9 Million in Series A Fundraising Round, Led by Sequoia Capital Southeast Asia
Tazapay plans to use the funds to further scale its business across Asia and expand in other regions where the company is receiving strong demand for its services, such as the Middle East and Europe.
Symbiotics Investments Launches $9 Million Social Bond With Agricover Credit IFN SA in Romania
With the issuance of this bond, Agricover reinforces its long-term commitment to sustainable development in Romania, catering to the financing needs of smallholder farmers.
National Bonds Signs Agreement With Arab Women Authority
The partnership will see the two organizations join forces to empower women and support their role in societal and economic development, and to enhance their skills, particularly in the areas of investment, savings, and financial literacy.
IFC and Itaú Partner in a Gender Bond to Support Women Entrepreneurship in Brazil
The project represents the first gender bond issued by a private bank in Brazil in the form of Letras Financeiras (LFs), an exclusive debt security instrument for local financial institutions.