Emerging Economies | December 27, 2017 |
The reindeers were soaking in all that Emerging Economies could bring. And holiday mood came in. Digest got delivered a little late!
This week in Emerging Economies Digest we have got some good news: the 3D printing finding future in emerging markets and an approach to build social impact startups by an Impact VC partners! Followed by the Lemonade of Emerging Economies, Bima got funded! Also the Chinese VCs eyeing the Latin American markets. Ends with a sweet note on how Blockchain is helping save millions, literally, on their remittance to Africa!
Late but good! Ho Ho Ho!
Enjoy your Digest and share if you think we have done a good job.
Merry Christmas and Happy Holidys.
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| | Ping Jiang - Entrepreneur Emerging markets can use the technology to leapfrog development stages to go straight to local, high-tech production.
| | Ingrid Lunden - TechCrunch On the heels of Lemonade raising $120 million from Softbank for its new "peer-to-peer" spin on insurance services, another company aimed at disrupting the insurance market is announcing a major round of its own. Bima, a European startup that builds and sells "microinsurance" services for low-income consumers in Africa, Asia and Latin America, has raised $96.6 million in a strategic investment from Allianz X, the digital investment unit of the insurance giant. | | Tahira Dosani & Vikas Raj - Stanford Social Innovation Review (SSIR) Five rules of the road from a seed-stage investor in financial technology for the underserved. | | Nathan Lustig - Venture Beat Traditionally, Latin America has turned to the United States for trade and financing opportunities from institutions such as the World Bank and the Inter-American Development Bank (IDB). However, under the Trump Administration, economic relationships between Latin America and the United States are more uncertain than ever. As a result, Latin American countries are strengthening ties with a new major trading partner: China. | | Wellington Ayugi - bitcoinafrica The World Bank estimates that Sub-Saharan Africa pays roughly 10 percent per every $200, making it the most expensive region in terms of remittance fees. Marvin Liao, a partner in 500 Startups, which is among SureRemit's backers, believes there is potential for the company's blockchain-based approach in Africa,"The fees are horrible, and Western Union is ripping off people who can least afford it. It's a huge market…and a lot of these basic financial and commerce needs that people have are still not being addressed effectively," he says. | |
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