PYMNTS-MonitorEdge-May-2024

financial inclusion

dLocal Investing $100 Million to Expand in Argentina
dLocal Investing $100 Million to Expand in Argentina
June 16, 2023  |  International

Payment platform dLocal says it is investing heavily in Argentina. The company plans to invest $100 million in that country, while hiring 400 new workers...

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Discover Debuts $36 Million Fund for Startups Focused on Financial Health
Discover Debuts $36 Million Fund for Startups Focused on Financial Health
June 13, 2023  |  Investments

Discover Bank has launched a fund to support startups working to improve people’s financial health. The $36 million Discover Financial Health Improvement Fund will back...

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BNY Mellon and MoCaFi Partner on Payments to Unbanked People
BNY Mellon and MoCaFi Partner on Payments to Unbanked People
June 08, 2023  |  Financial Inclusion

BNY Mellon and MoCaFi have partnered to ease payments to unbanked and underbanked people. With this collaboration, banking giant BNY Mellon’s Treasury Services business will provide a...

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Tyme Raises $77.8 Million to Grow South Africa, Philippines Operations
Tyme Raises $77.8 Million to Grow South Africa, Philippines Operations
May 24, 2023  |  Investments

Digital banking group Tyme has raised $77.8 million in a pre-Series C capital raise. The Singapore-headquartered firm will use the new funding to continue growing its operations in South...

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i2c and Access Finance Partner on Program for Credit-Challenged Consumers
i2c and Access Finance Partner on Program for Credit-Challenged Consumers
May 17, 2023  |  Financial Inclusion

i2c and Access Finance have partnered to bring a credit card for credit-challenged people to the United States. With the partnership, Bulgaria-based Access Finance will use i2c’s...

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Vault Launches Online Financial Platform for Small Businesses in Canada
Vault Launches Online Financial Platform for Small Businesses in Canada
May 16, 2023  |  SMBs

Vault has launched an all-in-one online financial platform for small- to medium-sized businesses (SMBs) in Canada. The platform is designed to give SMB owners access to financial...

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M-KOPA Raises $250 Million to Improve Financial Inclusion in Africa
M-KOPA Raises $250 Million to Improve Financial Inclusion in Africa
May 15, 2023  |  Investments

M-KOPA has raised $250 million to expand its financial services offering across sub-Saharan Africa. The Kenya-based company will use the new debt and equity funding to...

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Petal Raises New Funding and Spins Off Prism Data Unit
Petal Raises New Funding and Spins Off Prism Data Unit
May 10, 2023  |  Fintech Investments

Petal has raised new funding and spun off its Prism Data unit. The spinoff results in two independent FinTech companies that leverage open banking data...

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FICO Opens Financial Inclusion Lab to Lenders to Expand Lending Decisions
FICO Opens Financial Inclusion Lab to Lenders to Expand Lending Decisions
May 10, 2023  |  Financial Inclusion

FICO has debuted a pair of services to help lenders make better credit decisions. The analytics company Wednesday (May 10) announced the launch of its...

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