Consejo de Asistencia al Microemprendedor (CAME), a unit of Mexico-based Te Creemos, recently launched an app called Techreo to expand the ways it provides financial services such as savings, loans, insurance and financial education. The institution has raised USD 7 million for the app from angel investors, of which USD 1.5 million is a loan from
Tag: US
MICROCAPITAL BRIEF: E-lending Company Creditas of Brazil Raises $225m in Equity, Eyeing Expansion to Mexico
Creditas, an online lending platform in Brazil, recently raised USD 225 million in equity, valuing the firm at approximately USD 1.75 billion. Among its plans for the new funds is
MICROFINANCE EVENT: FinovateFall; September 13-15, 2021; New York, New York, USA
FinovateFall is one of a series of conferences focusing on financial technology (fintech). The event includes demonstrations of new fintech products, networking opportunities and approximately 120 speakers. Although the agenda for this year has yet to be announced, the 2020 agenda included sessions such as Keynote presentations by Pablos Holman, inventor at the Intellectual Ventures Lab; Sarika Sangwan, Global Head of strategy and marketing at Pinterest; and a panel discussion of post-Covid innovation. Details regarding an option to participate virtually are under development.
MICROCAPITAL BRIEF: BlueOrchard Raises $140m for “COVID-19 Emerging and Frontier Markets MSME Support Fund” from Schroders, Japan, UK, US
BlueOrchard Impact Investment Managers, a member of the UK-based Schroders Group, recently partnered with Schroders and three development finance institutions to launch an initiative to fund lenders serving micro-, small and medium-sized enterprises (MSMEs) in developing countries that have been disrupted by the COVID-19 pandemic. The group of investors, which has committed a total of
MICROCAPITAL BRIEF: UNCDF, Women’s World Banking Partner on Digital Financial Inclusion for Women
The UN Capital Development Fund (UNCDF) and the US-based nonprofit Women’s World Banking (WWB) recently launched a strategic partnership to increase “access to digital financial services for women and girls, specifically in emerging markets and least developed countries.” The goals include to boost