Mexican unicorn Konfío, a fintech that offers credit and financial solutions to small and medium-sized enterprises, received a $10 million loan Citibanamex, the DFC, and the Ford Foundation, to strengthen its offerings to SMEs in financially excluded communities or traditionally underserved communities.

Nigerian fintech startup Sproutly is a virtual banking app for children under the age of 17, providing digital savings products and a debit card with built-in parental control. Sproutly provides kids with an app-based savings account and linked debit card to allow them to save, manage and spend their money, while at the same time allowing parents to control outflows and set targets via a parents app.