The Peruvian lender Prestamype recently raised USD 5 million in equity in a pre-Series A funding round. The investment package was led by
Tag: Funding
MICROFINANCE EVENT: Opportunity Collaboration: OC2023; October 15-19, 2023; Miches, Dominican Republic
The purpose of this event is to enable attendees to collaborate on solutions to global poverty and injustice. The agenda is primarily attendee-led, with an “unconference” style. For example, Affinity Circles allow attendees to meet informally in groups based on their region, role or goal of interest.
MICROCAPITAL BRIEF: I&P Leads $8m Debt, Equity Funding Round for Zeepay to Expand Mobile Money Services in Africa
Investisseurs & Partenaires (I&P), a France-based investor in small and medium-sized enterprises (SMEs) in sub-Saharan Africa, recently led a funding round for Zeepay, a financial technology (fintech) company with offices in Ghana and the UK, to expand Zeepay’s digital wallet services to more countries in Africa. The funding round comprises USD 3 million in equity from I&P, USD 800,000 in equity from Ark Holdings, USD 800,000 in
MICROCAPITAL BRIEF: Kushki Raises $86m in Equity to Grow Fintech Services for Retailers in Latin America
Kushki, a digital payment processor that is active in Latin America, recently raised USD 86 million in its Series B funding round. The investors – not all of which have been named – include Spain-based Conexo Ventures, Mexico-based Dila Capital,
MICROCAPITAL BRIEF: Banverde of Mexico Raises $57m for Rooftop Solar Power from CIFI, Banverde Activos, WRB Serra Partners
Corporación Interamericana para el Financiamiento de Infraestructura (CIFI), a Panama-based financier of privately owned infrastructure projects in Latin America and the Caribbean, recently led a round of funding for Banverde, a private equity fund in Mexico that finances the installation of rooftop solar panels. The funding round totaled USD 57 million, with unspecified levels of funding invested by CIFI and
MICROCAPITAL BRIEF: Amazon Leads $10m Equity Funding Round for M1xchange, Provider of Invoice Discounting for MSMEs in India
M1xchange, an India-based online exchange for receivables held by micro-, small and medium-sized enterprises (MSMEs), recently raised USD 10 million in a funding round led by US-based retailer and technology company Amazon, with participation from venture capital firms Beenext of Singapore and current US-based investor Mayfield. M1xchange’s other investor is SIDBI Venture Capital, an
MICROCAPITAL BRIEF: Cora Raises $27m in Equity from Ribbit, Greenoaks, Kaszek for Fintech in Brazil
Cora, a Brazil-based financial technology (fintech) firm that serves owners of small and medium-sized enterprises (SMEs), recently announced it received approximately BRL 150 million (USD 26.7 million) in its Series A funding round, led by US-based investment firm Ribbit Capital with participation from US-based Greenoaks Capital and Argentina-based Kaszek Ventures. The breakdown of the investment total among the firms and the sizes of the stakes
MICROFINANCE EVENT: Future Banking; September 9-10, 2020; Bucharest, Romania
This event features 25 speakers in a format offering both in-person and virtual options. It will cover a range of technical, marketing, funding and other topics
MICROCAPITAL BRIEF: Capria Investing $61m in Adobe Capital of Mexico, Fen Ventures of Chile After Raising $100m to Provide Finance, Networking Support to SME Funds
Capria Ventures, a US-based provider of financial and non-financial support to funders of “small and mid-sized social ventures,” recently completed its second funding round, raising USD 100 million. Capria also recently invested in Mexico-based