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Pic via gomedici.com
After the 2008 financial crisis, FinTech leveraged the opportunity to address the needs of SMEs when banks could not. The solutions and innovations presented by FinTechs were crucial and came from digital-only neobanks/digital banks. Read more here via Medici .
  Photo Neil Palmer (CIAT)
The #agriculture sector plays a critical role in the livelihoods of people around the world – yet it’s facing an uncertain future. mall- and medium-sized enterprises (#SMEs) in the agriculture sector will be an essential part of any solutions to these challenges. Article via Next Billion .
Photo: Hesham Fathy, 2019 CGAP Photo Contest
A lack of data on the youth segment has led many to assume that young people don’t make good clients. However, a growing body of evidence shows that youth have significant potential as clients. Read more in this CGAP’s blog .
Picture via Pymnts.com
Binance To Launch Regional “Libra-Like” Currency; Coinbase Left 3K User Passwords Unprotected. The company announced its plans to initiate an open blockchain project, Venus, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. News via Pymnts.com
Picture via Pymnts.com
Binance To Launch Regional “Libra-Like” Currency; Coinbase Left 3K User Passwords Unprotected. The company announced its plans to initiate an open blockchain project, Venus, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. News via Pymnts.com
via South China Morning Post
With initiatives coming from both public and private sectors, including traditional institutions and fintech start-ups, SMEs stand to gain from fintech initiatives within the next few years. Those that make the move to digitize their businesses will be able to capitalize on these new products and solutions to improve their business performance...
Why More Women Should Take on Traditionally Male Jobs
Women in Africa are more likely to be in the labor force than women in other regions. But female-owned businesses typically operate in more crowded markets, they have fewer employees, lower average sales, and less value-added. New research shows that female entrepreneurs can build larger and more profitable companies when they operate in male-...
Report Cover by WBG
According to a World Bank report “Profiting from Parity : Unlocking the Potential of Women's Business in Africa,” launched last March, women entrepreneurs make or are obliged to make different decisions than men because of gender-specific constraints. As a result, the report notes that, on average, women-owned firms post profits that are 34 %...
Member News: Xero partnered with Revolut to integrate data of their joint customers
Revolut has also announced a partnership with small business cloud accounting company Xero, enabling joint customers to integrate expense data between the two platforms for seamless reconciliation in the UK. News via Pymnts .
Picture via Venture Burn
An increasing number of fintech startups are looking to fund small businesses in South Africa using online platforms and apps to service the massive demand for such finance. Know five of them in this article. News via Venture Burn .