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Open finance startup Ayoconnect’s APIs enable financial inclusion in Southeast Asia

TechCrunch

It is also licensed by Indonesia’s central bank, enabling it to offer more services. The open finance startup announced today it has closed a $13 million Series B extension round led by SIG Venture Capital, with participation from CE Innovation Capital and returning investor PayU, the payments and fintech business of Prosus.

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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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NJEDA to Extend Submission Deadline for the New Jersey Green Fund RFEI

American Entrepreneurship

Through the RFEI, the NJEDA seeks proposals for NJGF support that provide a high-level overview of potential sites, projects, or assets and financing needs. About the NJEDA and the NJGF The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth.

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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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Credable, a digital banking infra startup that wants to build Unit for emerging markets, gets funding

TechCrunch

Embedded finance solutions in less developed markers are becoming more prominent as platforms look to provide various financial solutions to the unbanked and underserved. They allow businesses such as mobile operators, e-commerce platforms, and logistics companies to embed and enable banking products for their customers.

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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. “That’s an opportunity we see in the future. And today, the company is announcing the close of its $2.3

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Allocate banks $5M to open up venture capital fund access

TechCrunch

There is a huge opportunity to unlock the market and have people participate.”. He sees a lot of economic growth taking place outside the public market, and opportunities present themselves for someone to capitalize on. Jordan Nof, co-founder and managing partner at Tusk Ventures, agrees.