Mumbai-based Svasti Microfinance has received $5 million through Non-Convertible Debentures from Singapore-based Impact Investment Exchange's Women's Livelihood Bond 5, the proceeds of which will go toward empowering women through income-generating activities.

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.

The strategic bank x FinTech partnership aims to help merchants manage omnichannel payments and also seamlessly access financial services on an agile-tech platform.

Through this new facility the fintech lender will be able to channel the funds via its range of tailored financing solutions across SME segments across all its five markets.

Through interviews with almost 18,000 microfinance clients across 41 countries, the 60 Decibels Microfinance Index provides a ground-up perspective on the lives of 25 million microfinance clients, representing 15 percent of the global market.

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

Officially launched in mid-March 2022, the Aliada Digital Card is available to all Mexican women over the age of 18 who wish to start or improve their credit history or continue exploring new forms of financing.

Funding includes a $2.25 million equity investment from Ford Foundation and Radicle Impact, $1.35 million in recoverable grants from The Rockefeller Foundation and an additional grant from the Tipping Point Fund on Impact Investing.

Georgia Tech Financial Services Innovation Lab to leverage differentiated data assets 'only Equifax' can provide to drive new studies on access to credit and fintech entrepreneurship.

With this partnership, Advans will accelerate its impact and reach out to more clients in its markets through its ability to provide client-centric digital financial services to its clients sustainably and responsibly.