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Colombian fintech Plurall raises $1.5m

Plurall, a new Colombian FinTech focused on improving the financial inclusion of Solopreneurs in LatAm, closed an iconic pre-seed round raising $1.5m equity and $10m debt, marking a milestone for entrepreneurship in the region. Backed by prominent strategic investors in the United Kingdom, United States, Mexico, Spain and Colombia, Plurall prepares to launch its microbusiness-oriented services in April 2022.

/inclusion

LHoFT Foundation announces ten startups for Inclusion Africa bootcamp

Developed by the LHoFT Foundation, CATAPULT: Inclusion Africa is designed for innovative technology companies focused on financial inclusion in Africa.

/inclusion

BMO introduces Mastercard True Name feature for 2SLGBTQ+ community

Today, BMO Financial Group became the first financial institution in Canada to implement the True Name™ feature by Mastercard, enabling transgender and non-binary individuals to use their chosen name across all BMO consumer and small business credit cards without the requirement of a legal name change.

/inclusion

PFM app Saveengs selects Nordigen for open banking

Personal finance management app Saveengs has chosen the free open banking platform Nordigen for open banking data.

/inclusion

Stilt closes $14m Series A

Stilt, the leading provider of financial services for immigrants, today announced it has raised $14 million in Series A funding led by Link Ventures, with participation from Petrushka Investments, Hillsven Capital, Gokul Rajaram, Claire Hughes Johnson (COO, Stripe), Ott Kaukver (CTO, Checkout.com), Rahul Vohra (CEO, Superhuman), Josh Buckely, and others.

/inclusion

Credit Libanais, Codebase and Visa team up for eKYC mobile app for virtual prepaid cards

Credit Libanais has partnered with VISA, the world leader in digital payments, and Codebase Technologies to develop a frictionless, omni-channel onboarding experience for customers looking to acquire virtual prepaid cards. This initiative comes at a time when over 6 million Lebanese are struggling from utilizing their debit and credit cards for purchases made abroad and online.

/inclusion

Bank Rakyat Indonesia moves into open banking with Ayoconnect

Ayoconnect, Southeast Asia's largest open finance platform, and Bank Rakyat Indonesia (BRI), Indonesia’s largest bank by total assets, have signed a memorandum of understanding (MOU) today to leverage Ayoconnect’s open finance technology in BRI’s digital banking solutions with the intention to generate greater financial inclusivity and economic growth in the world’s fourth largest country by population.

/inclusion

M-Kopa secures $75 million growth equity round

M-KOPA, the fintech platform that provides connected financing and digital financial services to underbanked consumers across four markets in Africa, today announced its $75M Growth Equity round.

/inclusion

Visa to invest $100 million to support minority depository institutions

Visa (NYSE: V), a leading global payments technology company, announced today the launch of Visa Minority Depository Institutions Accelerate, a new program to help reduce economic disparities and expand access and opportunity in communities of color across the United States.

/inclusion

African Development Fund signs $14.2 grant agreement for financial digitalisation initiative

The African Development Fund (ADF) and the government of Malawi have signed a grant agreement for $14.2 million to undertake infrastructure upgrades and create a more efficient and transparent digital payment system.

/inclusion

Latin American fintech Tribal raises $60m

Tribal, a B2B payments and financing platform for emerging markets, has raised $60M in Series B funding led by SoftBank Latin America Fund.

/inclusion

South Africa's BlackPay launches loan products geared at cultural and financial inclusion

In a move that further signals the global emergence of new generation fintechs that specialise in serving black and other communities of colour, fintech marketplace, BlackPay, has announced the launch of a number of loan products tailored for traditionally black festivities.

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