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Electrification is just beginning in many parts of the world. For western countries that have enjoyed electricity for a century, this is hard to imagine, but for 1 billion people, kerosene lamps are their reality. ....
Electrification is just beginning in many parts of the world. For western countries that have enjoyed electricity for a century, this is hard to imagine, but for 1 billion people, kerosene lamps are their reality. ....
Emerging markets fintech financier Lendable is targeting to raise a $100 million fund to invest in African and Asian fintech companies, the firm said in an emailed statement today. In March, the firm said it planned to raise funds between $120 million to $180 million to give new loans to fintechs so they could then provide […] ....
How UK-based Lendable is powering fintechs across emerging markets yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
How UK-based Lendable is powering fintechs across emerging markets What moves the needle for digital lenders is serving loans to their respective customers. But where does this money come from? The pool is usually equity or debt. While some lenders use the former, it can be seen as folly because, over time, the founders tend to lose ownership of their businesses after giving out too much equity to raise capital for loans. Hence the reason why most lending companies secure debt facilities. TechCrunch has recently reported on two prominent digital lenders (also digital banks in their own rights) gaining steam in Africa Carbon and FairMoney. In 2019, Carbon secured $5 million in debt financing and the following year, FairMoney did the same but raised a higher sum, $13 million. ....