Catalyst Fund secures $15m commitment from UK Aid, JP Morgan

Catalyst Fund secures $15m commitment from UK Aid, JP Morgan

A farmer plants rice seedlings in a paddy field on the outskirts of Yangon. Reuters

Global fintech accelerator Catalyst Fund, managed by BFA Global and Rockefeller Philanthropy Advisors (RPA), Monday announced a new $15 million commitment from UK Aid and JP Morgan.

With the additional investment, Catalyst Fund will support the development, growth and reach of 30 new fintech solutions to boost financial inclusion for an additional 1 million underserved people in Kenya, Nigeria, South Africa, India and Mexico, it said in a statement.

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