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Quona Capital is a venture firm specializing in financial technology for inclusion in emerging markets. Learn more at
Photo by Helena Lopes on Unsplash

Quona Capital, a venture firm focused on financial inclusion in emerging markets, announced on February 24, 2021, it has been selected for ImpactAssets’ prestigious “IA 50 Impact Fund” listing for the second consecutive year. The listing, made up of private debt and equity impact investing fund managers, represents a broad range of geographies and impact areas of focus. More information is available here.

Quona Capital invests in financial technology companies that are expanding access to financial services for underserved consumers and small businesses in Latin America, Africa, India and Southeast Asia. The first Quona fund was sponsored by nonprofit financial…

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Research by Endeavor and Mastercard— coupled with on-the-ground efforts across Quona’s Latin America tech companies — shines a light on diversity.

In the dynamic and changing workplace, diversity is still an issue that not only influences our ideas of fairness and opportunity but one that impacts performance and innovation. When it comes to diversity, Mastercard understands that all the things that make us different and similar are assets. None of us are a carbon copy of the other. Therefore, we are all diverse.

This same approach can be applied when looking at organizations. We all approach DEI a little differently…

Photo credit: Ula


Ula’s e-commerce platform gives more than 20,000 mom-and-pop shops across Indonesia a better way to stock their shelves in the midst of the pandemic.

For the longest time, keeping up with inventory across her five shops in Surabaya, Indonesia had been an all-consuming task for Bu Nanik. Since opening her first shop selling staples like soap, snacks, and medicine when she was just 17, Bu Nanik has had to track down inventory from an agent, rent or borrow a truck and haul the goods back to her store herself. All of that changed last year when she discovered the Ula…


On this International Women’s Day, we sat down with Sokowatch Kenya CEO Angela Nzioki to learn more about her path to success, and what she’s most proud of so far. Trigger warning: The following interview may inspire you.

Tell us a little bit about your career path. What led you to Sokowatch, and the role as Kenya’s CEO specifically? What made Sokowatch the next right career choice for you?

I graduated from Strathmore University with a Business and IT degree which gave me the foundation to set up my first company in 2011, called Pluspeople Kenya. …

Photo courtesy Chinmay Chauhan


Chinmay Chauhan, the co-founder of Indonesian fintech BukuWarung, shared this post on LinkedIn in honor of his mother. At Quona Capital, we’re inspired by all kinds of things, but especially founders who have a very personal reason for the work they do and the problems they solve. This is the first in an ongoing series about what inspires founders.

“Meet my mom, my single biggest source of inspiration, lifetime advisor, and strongest supporter. ❤️ Whenever I’m faced with a difficult situation, my mom’s struggles, relentless hard work and commitment inspires me. 🙌🏽

For the longest period of time, my family…

Monkey co-founder and CEO Gustavo Müller.

By Meagan Prins and Rafa de la Guia

In Latin America, the vast majority of small and medium enterprises (SMEs) struggle to access credit. When credit is available, the interest rates are punishing.

Monkey, a first-of-its-kind multi-funder supply chain finance (SCF) marketplace, aims to change that. Monkey’s platform enables any supplier — small, medium, or large — who sells to large anchor buyers to access receivables financing based on the risk of their more-creditworthy buyers. …

Cowrywise founders Edward Popoola and Razaq Ahmed

Cowrywise is giving young Nigerians new tools to build their wealth over time

When Razaq Ahmed’s friends turned to him for financial advice not long after they’d graduated college in Nigeria together thirteen years ago, he had little to offer. As an investment analyst, money planning was his bread and butter, but like all fund managers in Nigeria, Ahmed worked only with the country’s wealthiest people. His friends just out of college had nowhere near the kind of cash it would take to open an investment account, never mind making long-term financial plans. “In Nigeria, fund managers focus on the…

Photo by Eva Blue on Unsplash

A Q&A with Quona’s Africa associate Kofoworola Agbaje

Looking back at 2020 through the lens of African fintech, what is the deal that most excited you, and why?

Stripe’s acquisition of Paystack was easily the most exciting, as it felt like the whole ecosystem won. Not to get too sentimental, but Paystack was founded by two homegrown Nigerians. The company is headquartered in Lagos with a predominantly Nigerian workforce. During the US election this year, there was a lot of conversation about how much representation matters, and this is not dissimilar from the Paystack acquisition. There is now a stronger…

Tarfin CEO Mehmet Memcan. Photo Credit: Tarfin

By Johan Bosini

Mehmet Memecan spent six months driving across Turkey in 2016, nursing a fledgling idea for a business. He’d left a job in Switzerland and decided to use the journey home as a research trip, visiting farms, rural communities, and agricultural dealers. By the time he arrived home in Istanbul he was convinced he had an idea that could help farmers build their business through simple, fair, and responsible loans at the point of sale.

Farming is a hugely important sector in Turkey, where some 2.4 million agricultural workers account for 25% of the country’s employment. Turkey is…

By Sheena Jain and Varun Malhotra

Agriculture remains the largest source of employment in India, with over 50% of households principally dependent on agriculture for their livelihood. Farmers’ incomes in India are among the lowest across emerging economies, and the government has set a target to double farmers’ incomes by 2022. That said, any discussion on the feasibility of the government’s income target is moot without focusing on one glaring issue: post-harvest losses.

It’s estimated that a staggering US$ 13 billion is lost post-harvest in India due to challenges in storage, market inefficiencies, and a lack of financing options. …

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