Impact investors FMO and BlueOrchard back Ghana’s digital lender Fido in $30M Series B round

Digital lending platforms have become an easy and swift alternative source of credit for microenterprises and individuals overlooked by traditional banking institutions. These platforms have turned into a lifeline for millions of underbanked and demand will keep growing, pushing the value of the digital lending platform market in the Middle East and Africa to reach…

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Kursk Invasion A Bargaining Chip Zelensky Says

Ukrainian President Volodymyr Zelensky said his forces have no immediate plans to leave Russia’s Kursk Oblast, which they entered in a surprise attack on Aug. 6. The roughly 500 square miles Ukraine claims to have seized so far is a bargaining chip, he told NBC News in an exclusive interview. “Our operation is aimed to…

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Anguish, frustration follow slaying of 6 hostages in Gaza

American leaders expressed their frustration and anger Sunday morning after Hamas murdered six Israeli hostages, including Israeli-American Hersh Goldberg-Polin. “I am just absolutely heartbroken for Hersh’s family, for the families of these other hostages that were butchered by these Hamas terrorists,” Rep. Adam Schiff (D-Calif) said on CNN’s “State of the Union,” noting Goldberg-Polin was…

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Validus, a Singapore-based digital SME lending platform, secures $50M debt financing to help enterprises in Indonesia

Validus, a Singapore-based digital lending platform for small and medium businesses, has secured $50 million in debt financing from HSBC under the ASEAN Growth Fund strategy. Validus will use the proceeds to support the financial inclusion of micro, small and medium enterprises (MSMEs) in Indonesia, addressing the challenges they face in accessing financial resources. With…

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