Financial Inclusion

In 2014 that number
was 2 billion, Because account ownership is nearly universal in high-income economies, virtually all unbanked adults live in developing economies. China and India, despite having relatively high account ownership, claim large shares of the global unbanked population because of their sheer size. Home to 225 million adults without an account, China has the world’s largest unbanked population, followed by India (190 million), Pakistan (100 million), and Indonesia (95 million)
(map 2.1). Indeed, these four economies, together with three others — Nigeria,
Mexico, and Bangladesh — are home to nearly half the world’s unbanked population
(figure 2.1).

About Miruminvest

Mirum Invest is a boutique London-based investment advisory company that helps startups and SMEs to successfully launch and grow their business.

We connect startup businesses with investors and assist with raising finance, business development and planning, as well as go-to-market campaigns. We support businesses from concept to a scalable venture with launch strategies, business process planning, and “how to” implementation.

Our main focus is Fintech, in the Financial Inclusion Arena.

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Africa

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Opera’s Africa fintech startup OPay gains $120M from Chinese investors

Africa-focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors.Located in Lagos and founded by consumer internet company Opera, OPay will use the funds to scale in Nigeria and expand its payments product to Kenya, Ghana and South Africa — Opera’s CFO Frode Jacobsen confirmed to TechCrunch.Read More »
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Cashless Africa

Traditionally, there has been a heavy reliance on cash across Africa. Now that global and local industry players are investing in digital and innovative payment systems to replace cash, while delivering new levels of inclusion, “cashlessness” has become a hot topic all around the world and this continent makes no exception.Read More »
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Africa's Digital Knowledge Bank

The Baobab Insights platform helps corporates, investors and governments explore opportunities across Africa’s thriving digital ecosystem.Read More »
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De-fragment payments innovation in Africa for financial inclusion

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Nigeria’s harassed techies, Zim’s mobile-cash problems, Africa “hearts” Transsion

It’s been an eventful week for mobile money especially if you were a consumer in Zimbabwe, where the central bank shut down mobile money-to-cash transactions for three days before reversing the ban.Read More »
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Clearing the way for financial inclusion

We are defined by innovative collaboration. That is how we became the nexus of the South African payments system and then the largest automated clearing house in Africa.Read More »
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MTN Nigeria officially launches mobile money operations

MTN will today officially launch mobile money, MoMo, operations in Nigeria, its biggest market and Africa’s most populous nation.Read More »
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Nigeria’s Capital Markets Regulator

Nigeria’s Capital Markets Regulator to Create Framework for Cryptocurrency Regulation.Read More »
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Africa Fintech Festival - 2019 Uganda

The Africa Fintech Festival 2019 is being brought together by the Financial Technology Service Providers Association of Uganda (FITSPA) and Financial Sector Deepening Uganda (FSDU).Read More »
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Ethiopian Prime Minister Abiy Ahmed wins the 2019 Nobel Peace Prize

He was one of the favourites after the spectacular reconciliation between his country and Eritrea.Read More »
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The foremost international meeting for African CEOs and investors

The 8th edition of the AFRICA CEO FORUM will take place on 9 and 10 March 2020 at the Sofitel Abidjan Hotel Ivoire in Abidjan, Côte d’Ivoire.Read More »
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As of 2019, Africa is leading the world in plastic bag bans.

Africa Launch Pad is a News platform that sources and brings to you Information and News on a wide range of Articles across the Africa.Read More »
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Africa Alert Africa Investment

This is your complimentary issue of the weekly Africa Investment Alert, which highlights news from local and international media on both internal and external investment in Africa.Read More »

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Taking a business from idea to launch is not an easy task. Even the most innovative and promising concepts can’t grow and develop without financing, a solid business plan, and an effective launch strategy.

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Evaluating various platforms to see who has the complete solution?

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News

Fund backed by Bill Gates & Mark Zuckerberg plus Other VCs Invest $6.5 Million in minu, a Fintech Company that Helps Mexican Employees Get Paid

In one of largest seed rounds in Mexico´s history, Fintech minu has raised $6.5 million from QED Investors, Village Global, Next Billion Ventures and Mountain Nazca as well as multiple angel investors like PayU and Cornershop founders.

Fintech is Driving Financial Inclusion

While much of the discourse revolving around innovation in financial services tackles specific sectors of the industry, such as lending, payments,  or online capital formation, the reality is that the biggest beneficiaries of Fintech may be the underbanked: the millions of people who have never had access to sophisticated financial services.

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