Small- to medium-sized businesses (SMBs) and entrepreneurs play a critical role in the overall development of most economies, particularly in emerging regions like Africa. Findings from a research study on African entrepreneurs published by the Tony Elumelu Foundation in partnership with Stanford University revealed that...
JPMorgan Chase has made a $1.5 million (1.2 million pounds) philanthropic commitment to help low-income and underserved people in the U.K. access affordable loans, the banking giant said in a news release Thursday (March 17). The company says its commitment will help the nonprofit Fair4All...
There’s no consensus on the number of undocumented people living and working in the U.S. Estimates vary widely, from just under 12 million to more than 20 million. Even critics of U.S. immigration policy and border security agree that most undocumented workers are productive, striving...
Retail investors have become a powerful force in many developed markets, thanks to the growth of platforms like Robinhood in the United States and Freetrade in the United Kingdom that offer fee-free commission, ease of use and a wide range of investment choices for users....
With as many as 67% of Egypt’s residents without a bank account, Mastercard and FinTech Kashat have signed a deal to digitize onboarding, disbursement and collections for the Middle East and North Africa, the companies announced Tuesday (Feb 8). The five-year agreement comes as Egypt’s...
In today’s FinTech news, Gen Z banking, eSports payments and decentralized finance (DeFi) loans grab headlines, while a former Google executive heads to Brazilian payments FinTech Ebanx as president of global payments. Meanwhile, Argentina Central Bank Governor Miguel Ángel Pesce sang praises for FinTechs’ ability...
Credit data company Experian has launched Experian Go, a free program to help almost 50 million “credit invisibles,” or people with limited or no credit history, start building credit by creating an Experian credit report, according to a Wednesday (Jan. 26) press release. Experian research...
“They’ll just use it to buy drugs.” It’s a rationale you’ve likely heard before in discussions of giving money to homeless people. The founders of GiveCard would dispute that idea. This Boston-based FintTech nonprofit – profiled recently in the Boston Globe – offers prepaid debit...
As a growing number of competitors enter the family finance segment, Brian Dong says this proves that Greenlight was right to move into the space and deliver services to cover a previously unmet need. “I think it’s a tremendous validation of the space that we pioneered,” the chief financial...
