• Coin Market Cap
  • Contact Us
  • Privacy & Policy
Friday, February 26, 2021
Litecoin.is
  • Home
  • Litecoin
  • Bitcoin
  • Blockchain
  • Coin Market Cap
  • Exchange
  • ICO
No Result
View All Result
  • Home
  • Litecoin
  • Bitcoin
  • Blockchain
  • Coin Market Cap
  • Exchange
  • ICO
No Result
View All Result
Litecoin.is
No Result
View All Result
Home Litecoin

Mobile money platform Pngme raises $3M to expand across Africa

February 12, 2021
in Litecoin
0
Mobile money platform Pngme raises $3M to expand across Africa
189
SHARES
Share on FacebookShare on TwitterPin it

Related articles

Focus on DeFi ‘fairness’ benefits Holochain, Orion Protocol and Dodo

February 25, 2021

Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high

February 25, 2021
ADVERTISEMENT

Africa-focused but U.S. based unified financial data platform Pngme this week announced its successful seed funding round raised $3 million.

The investment was led by Radical Ventures, Raptor Group, Lateral Capital, and EchoVC. It was actually closed in the third quarter of 2020 and came after the fintech startup raised $500,000 in a pre-seed round in 2018.

The platform collects user-permissioned data through a partner’s existing mobile app using a one-click data-sharing feature which then delivers real-time financial data and alerts.

Pngme hopes to tap into the burgeoning mobile money market in Africa that was kicked off with M-Pesa in 2007. Launched in Kenya, M-Pesa is a mobile banking service that allows users to store and transfer money through their mobile phones, largely targeting a massive population of unbanked citizens in the sub-Saharan region.

Pngme has been aggregating financial data from mobile users and sharing it with banks and financial institutions. The firm has recognized that consumers are growing increasingly aware of their finances and demanding more data.

Speaking to TechCrunch, company co-founder Brendan Playford stated;

“We’re hyper-focused on providing the highest real-time data coverage on credit-invisible customers, something that no other API is offering in our markets,”

“Credit invisible” means that a person lacks a credit history and is therefore invisible to a lender.

The CEO added that the company plans to integrate with large institutional banks next month.

Pngme saw 300% month-on-month growth across the fourth quarter of 2020 and forecasts the number of user-permissioned data profiles created on its platform to reach millions by 2022.

Co-founder Cate Rung commented on the rapid growth of mobile money in the region, adding that it could pave the way for so many new financial products for the end consumer.

“What I think is most exciting is the way mobile money leapfrogged any sort of traditional financial infrastructure.”

Cardano founder Charles Hoskinson has predicted that a DeFi revolution will take place in the developing world, acquiring 100 million users within the next three years by tapping into the market potential on continents such as Africa.

Credit Source link

Share76Tweet47Pin17
ADVERTISEMENT

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Focus on DeFi ‘fairness’ benefits Holochain, Orion Protocol and Dodo

February 25, 2021

Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high

February 25, 2021
Gemini collaborates with The Giving Block and others, adds donations option

Gemini collaborates with The Giving Block and others, adds donations option

February 25, 2021
Ebang planning to expand business to mine LTC and DOGE

Ebang planning to expand business to mine LTC and DOGE

February 25, 2021
1inch announces expansion to Binance Smart Chain, plans to run BSC node

1inch announces expansion to Binance Smart Chain, plans to run BSC node

February 25, 2021

Bitcoin Cash is on the brink of falling below 1% of Bitcoin’s price

February 25, 2021
Litecoin.is

Litecoin.is an online NEWS portal which aims to provide the latest trendy news around the crypto market and much more exciting stuff.

Topic to cover

  • Bitcoin
  • Blockchain
  • Litecoin

Whats NEW here?

  • Focus on DeFi ‘fairness’ benefits Holochain, Orion Protocol and Dodo
  • Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high
  • Gemini collaborates with The Giving Block and others, adds donations option

  • Coin Market Cap
  • Contact Us
  • Privacy & Policy

© 2019 Litecoin.is – All about Litecon NEWS and more!

No Result
View All Result
  • Home
  • Litecoin
  • Bitcoin
  • Blockchain
  • Coin Market Cap
  • Exchange
  • ICO

© 2019 Litecoin.is All about Litecoin And Crypto News!.

  • bitcoinBitcoin(BTC)$47,516.00-6.58%
  • ethereumEthereum(ETH)$1,505.67-8.98%
  • rippleXRP(XRP)$0.440869-8.46%
  • eosEOS(EOS)$3.68-8.06%
  • litecoinLitecoin(LTC)$177.79-4.11%
  • bitcoin-cashBitcoin Cash(BCH)$495.50-9.00%
  • tetherTether(USDT)$1.010.53%
  • stellarStellar(XLM)$0.382995-8.26%
  • Binance CoinBinance Coin(BNB)$234.34-10.42%
  • tronTRON(TRX)$0.045697-7.13%
  • cardanoCardano(ADA)$1.093.73%
  • Bitcoin SVBitcoin SV(BSV)$187.24-6.31%
  • iotaIOTA(MIOTA)$1.11-9.90%
  • moneroMonero(XMR)$201.68-3.81%
  • dashDash(DASH)$220.34-11.03%
  • neoNEO(NEO)$38.18-8.92%
  • ontologyOntology(ONT)$0.94-8.71%
  • nemNEM(XEM)$0.495119-7.36%
  • zcashZcash(ZEC)$121.69-10.37%
  • USD CoinUSD Coin(USDC)$1.010.44%
  • dogecoinDogecoin(DOGE)$0.051051-11.09%
  • bitcoin-goldBitcoin Gold(BTG)$26.60-6.66%