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NJEDA Hosts Diversity Finance Advisory Board Meeting, Convening Diverse Group of Entrepreneurs and Investors

American Entrepreneurship

March 5, 2024) – The New Jersey Economic Development Authority (NJEDA) held the first in-person meeting of the Diversity Finance Advisory Board (DFAB) last week, bringing together a diverse group of investors, entrepreneurs, and mentors for presentations and networking sessions.

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B2B Fintech Drives Market Disruption in Mexico

Andreessen Horowitz

The world of finance is undergoing a profound transformation, and Mexico is no exception. This evolution has been accelerated by regulatory changes that are fostering innovation and competition within the financial technology landscape. The immense potential of embedded finance is becoming increasingly evident.

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Komunal secures $8.5m to strengthen Indonesia’s neo-rural bank ecosystem

AsiaTechDaily

million to fund its mission to accelerate financial inclusion and strengthen the neo-rural bank ecosystem in Indonesia, especially outside the Greater Jakarta area. The fintech industry has enormous potential in Indonesia, particularly in fostering the growth of MSMEs. Komunal has channeled $230 million (equivalent to IDR 3.6

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Top 10 Fintech Startup Investments Powering Southeast Asia in 2023

AsiaTechDaily

Finfra Investment Fueled Indonesian Embedded Finance Expansion Indonesian startup Finfra secured $1 million in new funding in late June. The company invests the infused capital into product development and enhancing Finfra’s engineering, data, and finance teams.

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Digital Transformation Is Crucial for Longevity According to Cisco Study

Smart Hustle Magazine

A new study reveals just how much the COVID-19 pandemic is accelerating small business digital transformation. How much small business digital transformation could boost economic growth. It is forcing companies to accelerate their digitalization,” he says. The impact is more felt in Latin America, as seen below.

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MFS Africa leads $2.3M seed round in Ugandan fintech startup Numida

TechCrunch

Although these businesses drive economic growth and contribute up to one-third of the continent’s GDP, they are often financially excluded from credit and other financial services due to their size and informality. However, the pandemic helped in accelerating this model, and with this new investment, Numida is poised to grow further.

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NJEDA Names Inaugural New Jersey Innovation Fellows Cohort

American Entrepreneurship

By granting the fellows the financial freedom to focus entirely on their businesses, NJIF is providing an opportunity to accelerate their success.” About the NJEDA The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth.