Fairbanc has announced it has raised an undisclosed seven figures investment in a pre-Series A from ADB Ventures, the Asian Development Bank’s venture arm, Accion Venture Lab, East Ventures, Sampoerna Strategic Group, and others. According to Fairbanc Founder and CEO Mir Haque, “what makes Fairbanc so unique compared to other fintechs is that it plugs…
The Asian Development Bank (ADB) announced it has approved a combined sovereign and non sovereign loan of $190 million to modernize and upgrade the power distribution system in Bengaluru city in the state of Karnataka, India. The ADB assistance for the Bengaluru Smart Energy Efficient Power Distribution Project includes a $100 million sovereign loan and…
The Asian Development Bank (ADB), a multilateral development financial institution, announced it has allocated $20.3 million in technical assistance to help its developing members access vaccines for the coronavirus disease (COVID-19) and establish systems to enable equitable and efficient vaccine distribution. The funds will be available for ADB developing members to support vaccine-related health system assessments and…