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Mastercard pumps money into VC fund for women of colour

Black women are building and growing businesses faster than any other segment and yet receive less than one percent of venture capital funding. In addition, only three percent of the people actually leading investments at VC firms are Black according to the National Venture Capital Association. To help further access to funding for Black women, Mastercard today announced a multi-million dollar investment in Fearless Fund, a venture capital fund built by women of color for women of color.

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Mastercard to work with Central Bank of Iraq to modernise the country's payment ecosystem

Mastercard signed a partnership agreement with the Central Bank of Iraq (CBI) to digitize the country’s payment ecosystem in a bid to boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy and accelerate the advancement toward a cashless society.

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Luxembourg fintech hub launches development programmes

Catapult is a series of Fintech development programs produced in-house by the LHoFT Foundation, Luxembourg’s dedicated Fintech hub to drive technology innovation in Luxembourg, connecting the domestic and international Fintech community.

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FinTech Innovation Lab New York names 2021 accelerator class

Ten emerging technology companies have been selected to participate in the 2021 FinTech Innovation Lab New York, a 12-week program founded by Accenture (NYSE: ACN) and the Partnership Fund for New York City that helps early- and growth-stage enterprise tech companies accelerate product and business development through in-depth engagement with top financial services and venture capital executives.

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BuyUcoin pilots Roxe payment node in India

Roxe, a next-generation global payment network, today announced that BuyUcoin, a leading digital asset exchange platform, will begin a pilot program as a Roxe payment node for blockchain-based remittance products and services in India.

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EML to power mobile money app from startup Saurus

Social and financial inclusion programme Saurus.com from Rewire Holding has partnered with EML to power its game-changing mobile payments app available on Android and iOS.

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Latvian fintech startup Jeff App raises $1 million

Jeff App, the Latvian fintech startup providing a data-enabled loan brokerage platform for unbanked customers in Asia, has closed a $1 million financing round led by the Estonian Business Angels Network (EstBAN) syndicate.

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BrightFi contracts with i2c

i2c Inc., a global leader in digital payments and banking technology, today announced cloud-based banking engine BrightFi has selected i2c solutions to help provide low-cost, feature-rich, mobile financial services to underbanked and unbanked consumers, as well as to organizations and financial institutions aiming to serve the historically overlooked market segment.

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Experian and FinScore to raise financial inclusion in the Philippines via alternative credit scoring

Experian, the world leader in information services, has partnered with FinScore, the pioneer in delivering telco data credit scoring to the unbanked and underbanked populations in the Philippines.

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Mastercard invests in Mobility Capital Finance

The inequities in today’s financial system have left many Americans without access to affordable services, instead relying on payday lending, expensive cash checking services and remittance fees.

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Varo Bank unveils credit building card programme

Varo Bank, the first all-digital nationally chartered bank in the US, today introduced the Varo Believe Program, an innovative credit building product that includes a Visa credit card and credit monitoring.

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African fintech startup ImaliPay raises pre-seed funding to service gig economy

ImaliPay, an African-based fintech start-up is making waves by reshaping the future of work in the gig economy.

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