Microfinance Industry Newswire

Microfinance Operator Accused of Staging Robbery to Cover Financial Mismanagement

By Nelson Manneh The Gambia Police Force is investigating a suspected case of staged robbery at the Younna Microfinance office in Kalagi Village, West Coast Region. Confirming the incident to Foroyaa, Police Public Relations Officer Cadet Assistant …

C-One Ventures acquires Nigerian microfinance bank, Bankly

C-One Ventures, an investment firm, has acquired the domestic operations of Nigeria’s microfinance bank, Bankly, for an undisclosed amount. The acquisition will see Bankly’s services, licenses, and talent integrated with complementary offerings from other …

Yonna Microfinance ‘Robbery’ Was Staged to Hide D140,000 Loss-GPF

By: Fatou Krubally The Gambia Police Force (GPF) said the reported robbery at the Yonna Microfinance office in Kalagi village was staged to conceal financial mismanagement. According to police, Amadou Jawo, 28, was found tied up inside his office on Friday …

C-One to acquire Bankly Microfinance Bank 

C-One Ventures Platform (C-One) today announced it has entered into an agreement to invest and acquire the licences, technology and select assets of the Nigerian operations of Bankly, a licensed microfinance bank and fintech leader known for bridging …

C-One to Acquire Bankly Microfinance Bank...to restore Stability and Accelerate Growth

Lagos, Nigeria: C-One Ventures Platform (C-One) today announced it has entered into an agreement to invest and acquire the licences, technology and select assets of the Nigerian operations of Bankly -a licensed microfinance bank and fintech leader known …

New microfinance guardrails from June 1 while Tamil Nadu plans to regulate recovery operations

Kolkata: Microfinance self regulator Sa-Dhan has tightened the guardrails as the asset quality stress continues to bother the lenders to the bottom of the pyramid segment. The sector may see fresh delinquencies especially from Tamil Nadu with the state …

India's Microfinance Sector is Projected to Grow by 12-15 Percent in FY26

The microfinance sector in India is anticipated to grow by 12-15% in FY26 under a conservative scenario, returning to levels seen in FY24, according to a report released on Monday. The sector has shown remarkable resilience, bouncing back from previous …

India’S Microfinance Sector Projected To Grow By 12–15 Pc In FY26

(MENAFN- IANS) Mumbai, April 28 (IANS) The micro-finance sector (MFI) in India is projected to grow by 12–15 per cent in FY26 under a conservative scenario, returning to FY24 levels, a report showed on Monday.In a more favourable environment, particularly …

HNB’s Gami Pubuduwa strengthens microfinance entrepreneurs

HNB Chairperson Nihal Jayawardene with Managing Director/CEO Damith Pallewatte and Chief Operating Officer Sanjay Wijemanne together with the special invitees open Gami Pubuduwa Avurudu Pola at the BMICH  HNB successfully concluded Gami Pubuduwa …

Richard Nii Armah Quaye set to retire as Board Chairman of Bills Micro-Credit on Monday

Founder and Board Chairman of Bills Micro-Credit, Richard Nii Armah Quaye, is set to retire from his executive roles as he prepares to embark on new pursuits, Citi Business News has reported. According to the portal, an official announcement is expected to …

IDFC Bank Q4FY25 net profit dips 58% on microfinance hit

Complained About Excessive Microcredit Fees But Lender Says She Had 3 Loans

Last night you heard from the woman who borrowed two thousand dollars in November from a micro credit facility - and then - by March - ended up owing - 5,500 dollars in interest, fines, and other fees. That's largely because she didn't pay on time …

RBL enters FY26 with zero NPA in microfinance, 75% provisioned for future stress: CEO R Subramaniakumar

R Subramaniakumar, MD & CEO, RBL Bank Mumbai based private lender RBL Bank on Friday reported nil net non-performing assets (NPA) in its Joint Liability Group (JLG) segment as of March 31, 2025, and provisioning 75 per cent against future stress in the …

Slow pace in agricultural loan disbursement; experts find it alarming

Agricultural loan disbursement in Bangladesh has slowed down, with banks disbursing Tk 3,639 crore less than the target of Tk 28,500 crore during the first nine months of the current fiscal year 2024–25. According to the latest agricultural loan update …

ASU triple major finds purpose in tech, teamwork and community impact

For Rashi Duttagupta, finding the right path did not happen overnight. "My decision to study computer information systems was inspired by my dad, who once walked the same path as an ASU CIS and finance student," says Duttagupta. "But due to …

MFI recovery at least 2 qtrs away: Shweta Daptardar

Shweta Daptardar, Vice President - Equity Research Analyst - Financial Services (NBFCs), Elara Capital, says the microfinance sector faces continued challenges. Recovery is expected to take at least two more quarters. A recent Tamil Nadu ordinance impacts …

Business News | Microsoft Founder Bill Gates Praises India's Namo Drone Didi Program

By Shalini Bhardwaj New Delhi [India], April 29 (ANI): Microsoft Founder Bill Gates praised India's Namo Drone Didi program, launched in 2023 to empower rural women and boost agricultural productivity. Also Read | Best Akshaya Tritiya Wishes 2025 To …

“Team France” visits North, focus on agriculture and urban development

The French Ambassador to Ghana and his team went to the North of Ghana to strengthen cooperation between France and Northern Ghana, particularly in the areas of agriculture and urban development. President  John Mahama has emphasized on several occasions …

Ondo Govt’s Security Efforts Yielding Results – Comrade Lawson

The Senior Special Assistant on Public Enlightenment to the Ondo State Governor, Comrade Olufemi Lawson, has outlined the various strides made by Governor Lucky Aiyedatiwa administration in addressing security challenges across the state. Speaking to …

Renowned Leadership Expert Nancy Gunter to Speak at SHRM25 in San Diego

Renowned leadership expert Nancy Gunter will bring actionable insights on Positive Intelligence to SHRM25, helping leaders boost resilience and team success. TULSA, OK, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- Renowned Leadership …

TrainingPros Named a 2025 Top 20 Staffing and Temporary Resources Company by Training Industry

TrainingPros, a leading provider of contract staffing for (L&D) professionals, has been named a Top 20 Staffing Company for 2025 by Training Industry. ATLANTA, GA, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- This honor reflects …

Oregon Businesses Tap into AR Automation to Streamline Financial Strategies

Oregon's businesses embrace AR automation to streamline receivables, boost accuracy, and optimize financial workflows. MIAMI, FL, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- Businesses in Oregon are swiftly adopting automated …

Nevada Firms Boost Financial Productivity through AR Automation

Nevada companies leverage AR automation to improve invoicing accuracy, accelerate processing, and strengthen financial control. MIAMI, FL, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- To boost efficiency, accelerate cash flow, and stay …

OpenAna Launches Autonomous Security Engineers to Transform Enterprise Vulnerability Remediation

OpenAna automates security fixes, eliminating backlogs & cutting remediation time by 80%. Enterprises go live in days & see ROI in weeks. NEW YORK, NY, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- Cybercrime is projected to …

EMERGE 2025 Concludes with Record Attendance and Practical AI Solutions for Community Financial Institutions

Contact Center Excellence, Telephony Solutions, and Payment Solutions Take Center Stage at Eltropy's Annual Conference SANTA CLARA, CA, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- Eltropy, the leading AI-powered conversations …

OpenPayd Highlights MiCA’s Potential at Paris Blockchain Week

OpenPayd, a leading embedded finance and BaaS provider, was among the key contributors to this year's regulatory conversation at Paris Blockchain Week. LONDON, UNITED KINGDOM, April 29, 2025 /⁨EINPresswire.com⁩/ -- The 2025 edition of Paris …

Kristen Ruhl of SecureFutures Honored with the 2024 Governor’s Financial Literacy Award

MILWAUKEE, WI, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- Kristen Ruhl, Vice President of Programs at SecureFutures, has been named a recipient of the 2024 Governor’s Financial Literacy Award, presented today at the Wisconsin State …

Marko Stout’s New Collection Redefines Luxury Art — Why Top Galleries and Investors Are Lining Up

NEW YORK, NY, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- Acclaimed New York artist Marko Stout has unveiled a new collection that is already drawing significant interest from private collectors, galleries, and investors worldwide. Known for his …

The CloudOffix Partner Program: A Launchpad for Growth and Market Leadership

CloudOffix Opens the Gateway to the Future of Digital Transformation with Its Expanded Global Partner Program CLAYMONT, DE, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- CloudOffix, the pioneering low-code Total Experience Platform, is …

Venture 7 Advisors Helps Antonucci Foods to Find a New Owner

Venture 7 Advisors sells its second upstate New York produce distributor as industry consolidation continues BURLINGTON, VT, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- Venture 7 Advisors, a Burlington, Vermont-based merger and …

Lucas Blantford Dominates Kart Championship Round 2 with Elite Capital Backing

BANBURY, OXFORDSHIRE, UNITED KINGDOM, April 29, 2025 /⁨EINPresswire.com⁩/ -- Mr. Adrian Blantford, Principal Manager of Lucas Blantford Racing Team, announced today that Lucas Blantford delivered a career-best performance at Round 2 of The Kart …

AR Automation Transforms Financial Workflows for Businesses in Georgia, USA

Georgia's industries are adopting AR automation to enhance operational transparency, optimize cash flow, and reduce delays. MIAMI, FL, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- Businesses in Georgia are increasingly using accounts …

Etico Financial Secures $10M Investment from Eos Ventures to Empower Modern Wealth Advisory

Funding will accelerate Etico’s platform and position as best-in-class support for independent financial advisors SARATOGA SPRINGS, NY, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- Etico, a modern wealth advisory platform specializing in …

JOSEPH VANDER LINDE, Named an ACCREDITED ESTATE PLANNER® Designee

by the National Association of Estate Planners & Councils on [December 4, 2024] FORT COLLINS, CO, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- JOSEPH VANDER LINDE is newly certified as an Accredited Estate Planner® (AEP®) designee …

Technical Framework Launches 'Stella,' an Autonomous AI Agent to Assist Website Visitors

Technical Framework announces the creation and launch of Stella, an autonomous AI agent designed to elevate the website visitor experience. FORT COLLINS, CO, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- Technical Framework announces the …

ZIPS Cleaners Launches Military Appreciation Discount

ZIPS Cleaners announced today that it will offer a 10% discount on cleaning military uniforms throughout May’s Military Appreciation Month. SAVAGE, MD, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- To honor military members during May’s …

Break of Day Capital presents the Invest Smart Summit: A free virtual event to build wealth and optimize mindset

A free virtual summit where top experts share real strategies to help investors grow wealth, master mindset, and achieve lasting success. LOS ANGELES, CA, UNITED STATES, April 29, 2025 /⁨EINPresswire.com⁩/ -- Break of Day Capital is proud to …

Squaretalk Launches AI Voice Agent with Built-in KYC Automation to Reinvent Secure Onboarding in the VoIP Industry

A breakthrough in fraud prevention and self-onboarding for cloud communications, Squaretalk redefines customer trust and compliance in the AI era. JERUSALEM, ISRAEL, April 29, 2025 /⁨EINPresswire.com⁩/ -- Squaretalk, the fast-growing CPaaS and …

EMBank Sees Deposit Growth and Steady Income in 2024

EMBank which provides financial solutions for small and medium-sized businesses in Lithuania and fintechs globally, recorded stable growth in 2024. VILNIUS, LITHUANIA, April 29, 2025 /⁨EINPresswire.com⁩/ -- European Merchant Bank (EMBank), which …