In most African countries, access to credit remains limited for many small businesses, with the reasons ranging from the inability to pay collateral and lack of credit history to unfavorable lending criteria and high-interest rates. Banks and governments have tried to address this gap across different African markets by implementing several loan initiatives, but there’s…
Egyptian fintech and e-commerce ecosystem MNT-Halan has raised up to $400 million in equity and debt financing from local and global investors as it continues to serve underbanked and unbanked customers in the North African country. The round includes $260 million in equity financing and $140 million through two securitized bond issuances secured within the…
Thrive Capital has reportedly committed $1 billion in fresh capital to payments giant Stripe as part of a new investment in the works that would value the fintech company at between $55 billion and $60 billion. TechCrunch reported last week that Stripe was seeking to raise $2 billion but the number could actually be closer…
Due diligence was a big topic in 2022 for a variety of reasons. But due diligence doesn’t just apply to investors pouring money into startups, or companies acquiring other companies. Businesses, especially those operating in financial services, also have to conduct an appropriate amount of due diligence, for example, to avoid fraud. As recently as…
Welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. I’m back, I’m drinking an iced Americano maybe because I miss Alex, maybe because I just feel different today, and I’m ready to start our week together. Here’s what I got into on today’s Equity…
The convenience with which you manage all your financial wants and needs may come at a cost The post Open banking: Tell me what you buy, and I’ll tell you who you are appeared first on WeLiveSecurity
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