The firm had its final close on $332 million in capital commitments for its Fund III, which invests in companies in Latin America, India, Southeast Asia, Africa and the Middle East.

Under the partnership, IFC has loaned $5 million to CRDB Bank Burundi S.A. for on-lending to smaller businesses, many of which struggle to access financing for growth, especially in the wake of the COVID-19 pandemic.

BBVA achieved the highest score (100 points) in several areas: financial inclusion; environmental and social information; human capital development; materiality; fiscal strategy; crime prevention; public influence or lobbying; and human rights.

Payhippo says this acquisition will enable them to directly access Nigeria’s Inter-bank Settlement System.

Before joining Grameen Foundation, she served as the managing director of CARE Social Ventures.

The partnership is dedicated to increasing the financing of small and medium enterprises in the agricultural value chain.

The partnership intends to help millions of feature-phone users to make digital payments under the microfinance ecosystem.

This collaboration will open doors for the provision of financial services to the SAF across a broad spectrum of banking solutions.

The proceeds will be used to set up regional hubs throughout Asia, North American and Europe.

The FINNIX mobile app, which is regulated by the Bank of Thailand, was developed by MONIX and offers microfinance loans through a completely digital process from loan application to approval and disbursement.