Member CreditEase, a Beijing-based leading FinTech conglomerate in China, announced today that its CreditEase FinTech Investment Fund (CEFIF), participated in the recent $10 million Series A funding round of Railsbank, a London-based Banking-as-a-Service (BaaS) platform that promises to give technology companies access to financial services using its API platform. Railsbank already has several clients across the UK and Europe and is in the process of opening its Asia-Pacific office in Singapore.

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Reserving equity crowdfunding rounds exclusively for customers is emerging as a popular method of fundraising. Read more here.

Article via Medici.

Southeast Asian ride-hailing startup Grab Holdings Inc. intends to invest $150 million into artificial intelligence research over the next year, accelerating its expanding business that now includes food delivery, digital payments and digital content.

News via Deal Street Asia
 

Washington, D.C., September 5th, 2019 – MIZA became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. 

In this interview by James Militizer of NextBillion, Martin Burt, Founder and CEO of Fundacion Paraguaya, speaks about his book and suggests we ask a different question: Who owns poverty? In it, he explores what happens when you examine poverty from the viewpoint of the real experts: poor families themselves.

FINCA Azerbaijan has opened new branches in Agdash and Barda regions on the same day within its network expansion plans. Agdash branch of FINCA Azerbaijan is located next to the building of Agdash executive authority.

Washington, D.C., September 4th, 2019 – Proparco became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses worldwide need financing to invest, grow and create new jobs.

The phenomenon can be traced to the development of emerging economies that picked up just as smartphones were catching on. Millions of people in Asia's emerging markets missed the personal computer era but have leapfrogged straight to smartphones, and using apps is second nature to them.

Read more about WeChat and Go-Jek here.