The capital will be used in funding expansion to new geographies and existing ones along with new product lines.

The 27th Consumer Empowerment and Market Conduct and 10th Inclusive Green Finance Working Group came together on 4-7 March to discuss how financial services that target ‘last-mile’ communities, such as parametric insurance, can be more customer-centric and empowering.

A recent IMF report suggests that digital money could significantly improve financial inclusion and enhance the quality of financial services in the remote and dispersed nations of the Pacific Ocean.

Symbiotics Investments, the leading market access platform for impact investing, has arranged a $5 million green bond for ecoligo Vietnam, a subsidiary of ecoligo GmbH based in Germany.

The association, known as the Congolese Fintech Network, will seek to enhance access to investment opportunities and promote information sharing in Congo, with a goal to accelerate financial inclusion.

The idea was launched in collaboration with RemitPlus, which has been championing offline banking in Nigeria.

Kenya and Tanzania on Friday launched a project in partnership with the African Confederation of Cooperative Savings and Credit Associations to boost financial inclusion in the two countries.

Mizuho provided $5 million in debt capital to Grameen America and its microlending program as part of the firm’s ongoing commitment to CDFIs and financial inclusion.

Visa Foundation partners with local organizations to invest in primarily women-owned small- and micro-businesses, creating ripple effects for the entrepreneurs and their employees, and the customers and communities they serve.

According to the report, by using business strategies informed by analyzing sex-disaggregated data, fintech firms could capitalize on the women’s market while contributing to greater financial inclusion for women.