- The Cambridge, Mass.-based company uses mobile phone data as a basis for determining credit risk for unbanked customers around the world.
Korean bank Woori buys VisionFund Cambodia
- Eighty percent of Cambodians live in rural areas and less than 20% of adults have access to financial services.
Grove raises $8 million to democratize financial planning
- The San Francisco-startup wants to improve the accessibility and incentive structure of financial advising.
Ricult raises $1.85 million for alt-credit score lending to small farmers in Asia
- The company lends farming inputs to small farmers in Asia using alternative-credit risk metrics and crop and weather information to determine farmers’ creditworthiness.
Incofin kicks off first India-focused fund
- Its planned India Progress Fund will be Incofin’s first country-specific fund.
CapitalG backs Indian small business lender Aye Finance
- Gurgaon, India-based Aye Finance helps India’s small business owners access working capital and credit to grow their businesses.
LeapFrog Investments takes stake in Nigerian pension fund manager ARM Pensions
- ARM Pension has $1.8 billion in funds under management and reaches 700,000 people. Leapfrog did not disclose the amount of its investment.