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Grab launches new consumer financial services, including micro-investments and loans

Grab launches new consumer financial services, including micro-investments and loans Grab announced today that its financial unit, which previously focused mainly on services for entrepreneurs and small businesses, is launching a slew of consumer products, including micro-investments, loans, health insurance and a pay-later program. Based in Singapore, Grab began in 2012 as […]

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Payfazz gets $53 million to give more Indonesians access to financial services

Payfazz gets million to give more Indonesians access to financial services Indonesia is not only Southeast Asia’s most populated country, but also one of the world’s fastest-growing economies. But many people, especially outside of major cities, still lack access to basic financial services like bank accounts. Payfazz is one of several tech […]

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Felix Capital closes $300M fund to double down on DTC, break into fintech and make late-stage deals

Felix Capital closes 0M fund to double down on DTC, break into fintech and make late-stage deals To kick off 2020, one of Europe’s newer — and more successful — investment firms has closed a fresh, oversubscribed fund, one sign that VC in the region will continue to run strong in the […]

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Bringing affiliate marketing and outsourced customer acquisition to Brazil nets Escale $22.6 million

Bringing affiliate marketing and outsourced customer acquisition to Brazil nets Escale .6 million Despite not being Brazilian and having their first exposure to the country only a few years ago, the two co-founders of Escale have managed to raise $22.6 million for their company, which provides customer acquisition services to companies in […]

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Africa Roundup: Kenya’s BRCK acquires EveryLayer, Nigeria’s TeamApt eyes global expansion

Africa Roundup: Kenya’s BRCK acquires EveryLayer, Nigeria’s TeamApt eyes global expansion Kenyan  communications hardware company BRCK acquired the assets of Nairobi based internet provider Surf and its U.S. parent EveryLayer in a purchase deal of an undisclosed amount in February. Based in Nairobi, Surf is a hotspot service provider aimed at offering affordable internet to lower income […]

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Nigerian fintech firm TeamApt raises $5M, eyes global expansion

Nigerian fintech firm TeamApt raises M, eyes global expansion Nigerian fintech startup TeamApt has raised $5.5 million in capital in a Series A round led by Quantum Capital Partners. The Lagos based firm will use the funds to expand its white label digital finance products and pivot to consumer finance with the […]

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SoftBank’s Vision Fund to help Chinese online insurance giant ZhongAn go international

SoftBank’s Vision Fund to help Chinese online insurance giant ZhongAn go international SoftBank’s Vision Fund is backing Chinese online insurance giant ZhongAn through its latest investment, which could take the company — which has struggled for stability following a monster IPO last year — into international markets. The Vision Fund announced today […]

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