Monday, January 27, 2025

Rural fintechs seek government fund to upgrade last-mile tech infrastructure

Fintech startups and business correspondents serving rural areas seek Rs 500 crore in equity funding from the government to upgrade technology. This fund, potentially structured like the IMEF, would support services like remittances and Jan Dhan accounts. The request comes amidst a funding winter and seeks to improve last-mile financial inclusion.

from Tech-Economic Times
via IFTTT

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