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FinTech for the Unbanked, Fairbanc, receives backing from Columbia Business School’s Student Run Impact Fund

San Francisco, CA, December 16th 2020, ZEXPRWIRE, Fairbanc, the Silicon Valley-based FinTech that offers credit to the unbanked in Southeast Asia, just received backing from Columbia Business School’s student run impact fund Microlumbia. This new financial backing comes on the heels of recent investment from 500 Startups and Indonesian billionaire Michael Sampoerna. Earlier this year, …

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An embedded finance platform helps mom-and-pop shops grow in Indonesia

Mom-and-pop stores are pillars of neighborhoods in lower-to-middle income communities. These family-owned retail shops — called warungs in Indonesia, sari-sari stores in the Philippines, or kirana shops in India — serve as the place where people gather, catch up with friends, and purchase daily essentials like food, mobile phone reloads, sachets of shampoo and soap, …

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The $2 Trillion Opportunity: How a Silicon Valley Startup Vying To Provide Banking To The World’s Poorest Merchants

SAN FRANCISCO, CA / ACCESSWIRE / FEBRUARY 25, 2020 / Three years ago, Dhany Aryantono opened a small shop selling Unilever and other consumer goods in Pamanukan, a rural village in West Java, Indonesia to support her family of six. Her husband worked as a day laborer in the nearby rice paddy farm, making about …

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