by Bradley Shulman -

MICROCAPITAL BRIEF: POSRocket Raises $5m to Expand Point-of-sale Payment Systems, Related Technology for Small Businesses in MENA

POSRocket, a Jordan-based provider of point-of-sale (POS) technology, recently raised USD 5.1 million in an equity round led by Algebra Ventures, an Egypt-based firm that invests in technology, and Sanad Fund for MSME, a Luxembourg-based vehicle targeting micro-, small and medium-sized enterprises (MSME) in the Middle East and North Africa (MENA). The other participating investors are

by Bradley Shulman -

MICROFINANCE PAPER WRAP-UP: “COVID-19 and Cyber Risk in the Financial Sector;” by Iñaki Aldasoro, Jon Frost, Leonardo Gambacorta, David Whyte; Published by BIS

To protect the health of their workers during the COVID-19 pandemic, financial institutions have largely shifted their employees to working from home (WFH), increasing various cyber risks. During a two-month period early in the pandemic, “the use of remote access technologies such as the remote desktop protocol (RDP) and virtual private network (VPN)” increased by 41 percent and 33 percent, respectively. The authors posit