CDP Institute

Aleph Group Inc., a leading global enabler of digital advertising, connecting thousands of advertisers in emerging countries with the world’s leading digital platforms, has partnered with ShareChat (Mohalla Tech Pvt Ltd), India’s largest homegrown social media company. Aleph supports the world’s leading platforms in 90+ markets across the globe where they don’t have a physical presence, enabling platforms like Twitter, Meta, Snapchat, and nearly 35+ others to expand into new markets and enabling advertisers to take full advantage of the platforms’ advertising capabilities.

Australia and New Zealand Banking Group Ltd (ANZ) said it had earmarked A$100 billion ($67.63 billion) to help its customers lower carbon emissions by 2030, as the lender looks to accelerate its transition to net zero. Part of the amount will be used for initiatives, which include facilitating concessional loans for businesses to buy energy-efficient equipment, and financing construction of energy efficient large-scale office buildings. Australia’s fourth-largest bank also said it would reduce exposure to its largest carbon-emitting customers that do not improve their emission transition plans by 2025.

A new report by the Australian Prudential Regulation Authority (Apra) found climate change could make banks more vulnerable to economic downturns as they face up to a threefold increase in lending losses by 2050, but the report says, that the system should be able to absorb the impact.

SK Telecom (SKT) announced that it had signed a memorandum of understanding (MOU) with Singapore-based communications technology group Singtel, to jointly grow the metaverse business in countries where the group operates in, starting with Singapore.

The annual e-Conomy SEA report projects that the Philippine digital economy is on track to hit $20 billion Gross Merchandise Value (GMV) by the end of the year. This is a $3 billion growth from last year’s $17 billion projected value.

Addem Capital, a Mexico City fund focused on Latin America, granted $3.1 million to Atria, a start-up that offers loans for the purchase of pre-owned cars in the country. Atria was founded in 2022 as a disruptive startup that is revolutionizing the pre-owned market by offering simple, transparent, and agile loans. Atria’s proposal is backed by a team that has in-depth knowledge of the sector and expertise in loans, risk management, analysis, and technology.

Baubap offers micro loans ranging from $500 to 5,000 Mexican pesos (US$25 to US$258) through an Android-compatible mobile app. The company says it uses alternative data and a proprietary AI system to assess the likelihood of repayment. It has granted loans to 500 thousand people and expects to exceed 1.5 million in 2023.

Orda, a Nigerian food tech platform that provides a cloud-based restaurant operating system for small, independent restaurants, is announcing that it has secured a $3.4 million seed investment. The two-year-old startup raised $1.1 million in pre-seed funding this January, bringing its total funding raised this year to $4.5 million.

Revio, a South African API payment and collections company, which makes it easier for businesses across Africa to connect to multiple payment methods and manage payment failures, is announcing that it has raised $1.1 million in seed funding.

LoftyInc Capital Management, an early-stage African-focused venture capital firm, has announced the final close of its oversubscribed LoftyInc Afropreneurs Fund 3 (LAF3), which closed out at US$14.3 million.