Hong Kong Alt-Lender Oriente Raises $50m as It Looks to Step up Efforts in a Highly Competitive Sector
Oriente will use the money to boost its growth in existing markets and further new developments in places like Vietnam.
EFSE and BasisBank to Provide Crucial Financing to Georgia’s Small Businesses
EUR 4.2 million to help sustain micro and small enterprises during difficult environment of COVID-19 crisis.
Remittances to Fall for First Time in 11 Years
However, even though this is a 7.6 percent drop from last year’s $17 billion, Vietnam will remain the ninth biggest remittance beneficiary in the world.
GGF and TBC Leasing Expand Access to Local Currency Finance for Energy Efficiency Measures in Georgia
The Green for Growth Fund has provided TBC Leasing with a loan of $5 million equivalent in Georgian lari to bolster energy efficiency measures among small and medium enterprises.
IFC, LeapFrog Investments and DEG Invest in Vietnam’s HDBank to Help Accelerate Economic Recovery, Expand Lending to Smaller Businesses, and Boost Resiliency of the Banking Sector
Investment will increase access to credit for retail and small and medium enterprises (SMEs) with specific focus on women entrepreneurs.
Vietnamese Fintech Startup Trusting Social Raises $65m Series C
Trusting Social is an AI fintech company aspiring to democratize financial services through AI-based consumer insights and embedded finance.
United Nations Federal Credit Union Partners With Thunes for Mobile Money Transfers
The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.