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March 28, 2018 02:00 pm GMT

This young lending startup just secured $70 million to lend $2 at a time

You don’t hear of many $2 loans in the United States, where $2 won’t buy you more than a chocolate bar. But in cities like Lagos, Nigeria, and Nairobi, Kenya, $2 has the buying power of roughly $40, making such “micro” loans useful when you’re running a small business. And borrowing $2 from a startup […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/n0ln2g-9470/

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