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IFC - International Finance Corporation | September 30, 2016
Remitly, a startup co-founded and led by a former executive of Barclays who saw a gap in the market to build money transfer and other financial services for emerging markets and the “unbanked”, is today announcing that it has raised $38.5 million, as well as expansion to seven more countries in Latin America. The funding, which brings the total raised by Remitly to just under $100 million, comes just nine months after Remitly raised the same amount in a Series C round, and underscore...
IFC - International Finance Corporation | September 16, 2016
International Finance Corporation (IFC) is planning to invest up to $40 million (around Rs 260 crore) in Ujjivan Financial Services in the form of a senior debt investment.Ujjivan is one of the 10 recipients of the Small Finance Bank License (SFB). IFC's proposed investment will help the company expand its outreach and access to low income borrowers who have little or no access to formal sources of financing and strengthening its balance sheet through availability of long-tenor debt during i...
IFC - International Finance Corporation | October 19, 2016
The International Finance Corporation, the investment arm of the World Bank, said it has made a $4 million commitment to two new funds as part of its $30 million Startup Catalyst initiative, which backs accelerators and seed funds in emerging markets....
PayPal | January 16, 2020
PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that it processed a record $10.3 billion in donations to charities around the world in 2019, and more than $1 billion in the month of December alone, as mobile and other digital channels continue to change how donors engage with nonprofit organizations. Twenty-one percent of all donations processed by PayPal in 2019 were made through mobile devices. "Our efforts to drive social impact and create value for all of our stakeholders continue ...
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