Victory park Capital is partnering with the International Finance Corporation on a new fund to invest in fintech startups in emerging economies; the IFC is a private sector sister organization to the World Bank; "The reliance on mobile devices for day-to-day life is more prevalent in emerging markets and that creates a big opportunity," Brendan Carroll, a senior partner and cofounder of VPC, told Business Insider; while the size of the fund is not disclosed they plan to work on about 3 to 4 deals a year. Source.
The Global Findex Database and accompanying report give a clear indication of how fintech is impacting access to financial services globally. Source
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