Although disputed claims represent less than 3.5% of lifetime originations, one lawsuit for every 15 active borrowers highlights the legal and administrative costs of enforcing unsecured loans in high-inflation markets.
A mix of established mini-grid operators, a family-run business, and a media giant's new energy venture are among the first to receive funding to build hundreds of solar mini-grids across Nigeria.
The Cairo-based fintech fund has joined the Moroccan B2B e-commerce startup's Series A extension, betting on its push into embedded finance and Banking-as-a-Service.
The company, which evolved from its 2012 origins as airtime credit provider Channel VAS, now processes over 31m transactions daily for 120m active monthly users.
The startup will use the seed funding to expand its B2B marketplace that buys surplus and "imperfect" produce from smallholder farmers, aiming to boost incomes and enter new markets.
The listing is the first for Morocco's non-banking financial sector and will fund a digital and physical expansion as the country aims to boost its public markets.
Although disputed claims represent less than 3.5% of lifetime originations, one lawsuit for every 15 active borrowers highlights the legal and administrative costs of enforcing unsecured loans in high-inflation markets.
