Financial Inclusion
Photo credit: Borrowell
Canada | February 23, 2021
Borrowell raises $25 million and acquires affordable credit provider Refresh Financial
ImpactAlpha, February 23 – Toronto-based Borrowell supports financial health for under-served Canadians through credit education, monitoring and coaching. It serves 1.5 million customers. The …
Civic Tech | February 22, 2021
Promise raises $20 million to help people pay essential bills
ImpactAlpha, February 22 — One out of every 10 Americans are struggling to keep up with their monthly bills as a result of …
Dealflow | February 9, 2021
Ada Ventures invests £2.5 million in Tickr to expand retail impact investing in Europe
ImpactAlpha, February 9 — Tickr’s app allows users to invest as little as £5 ($7) in companies expanding access to education, clean water, …
Dealflow | February 2, 2021
Suma acquires Mexican business tech venture Bind ERP
ImpactAlpha, February 2 — Monterrey, Mexico-based Bind ERP has helped digitize more than 6,000 small businesses in Mexico. London, U.K.-based Suma SaaS Holdings …
Africa | January 27, 2021
DFC guarantees Cordaid to spur lending in Africa’s Sahel
ImpactAlpha, January 27 – The U.S. International Development Finance Corp. approved a $14.8 million loan portfolio guarantee for Cordaid Investment Management. The commitment is …
Photo credit: Pula
Africa | January 26, 2021
Pula raises $6 million to expand farmers’ insurance from Africa to Asia
ImpactAlpha, January 26 – Kenyan insurance tech venture Pula has facilitated crop insurance for more than four million smallholder farmers in 13 African …
Photo credit: MPower
Dealflow | January 26, 2021
MPower raises $25 million to help international students pay for a U.S. education
ImpactAlpha, January 26 — MPower works with 350 universities and colleges in the U.S. and Canada to provide loans for international and DACA …
Photo credit: DeHaat
Agrifood Tech | January 20, 2021
DeHaat raises $30 million to support smallholder farmers in India
ImpactAlpha, January 20 — Agtech venture DeHaat, headquartered in the rural state of Bihar, runs an online marketplace that connects India’s small farmers …
Asia | January 7, 2021
Investors back small business inventory financing in Pakistan and Egypt
ImpactAlpha, January 4 – Emerging market tech startups that are supporting the digitization of micro and small businesses are helping lead the COVID recovery. …
Africa | January 5, 2021
Kenyan digital ‘neo bank’ Umba secures $2 million
ImpactAlpha, January 5 – Financial inclusion efforts in Africa have been dominated by mobile money payment and transfer services and alternative credit apps. Now, …
Photo credit: PremierCredit
Africa | January 4, 2021
PremierCredit raises funding for micro-entrepreneurs in Zimbabwe and Zambia
ImpactAlpha, January 4 – PremierCredit offers Zambia and Zimbabwe’s micro businesses loans and asset financing for basic business tools like smartphones, solar lighting …
Asia | December 23, 2020
Northern Arc Capital scores debt financing to serve India’s underbanked
ImpactAlpha, December 23 — Northern Arc Capital, an East India-based non-banking finance company that provides access to debt for underbanked individual borrowers and …
Liberis Staff Nottingham
Dealflow | December 23, 2020
Liberis secures £70 million in debt to finance small businesses in the U.K.
ImpactAlpha, December 23 — Like small businesses around the world, small businesses in the U.K. are struggling to survive the impact of COVID. …
Dealflow | December 22, 2020
Brazilian fintech Creditas snags $255 million to expand access to consumer credit
ImpactAlpha, December 22 — Sao Paulo-based Creditas has raised $255 million in a Series E investment round led by impact investor LGT Lightstone. …
Community Finance | December 15, 2020
CNote snags $3 million to support COVID-impacted underserved communities
ImpactAlpha, December 15 — Oakland-based CNote secured $3 million in equity funding to meet the increased capital needs from community development financial institutions, …