Senegal Startup Rubyx Receives USD 526 K Loan from Proparco
WeeTracker | WT Data Labs - Sep 05, 2024
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RubyxSaviu VenturesProparco
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AI-generated highlightsThe most relavant information from the article.
  • Rubyx has secured a loan of USD 526 K from Proparco.
  • The startup aims to facilitate the digital transformation of microfinance institutions.
  • Rubyx provides credit scoring and streamlines loan decisions through its digital platform.
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The funding received by Rubyx from Proparco and Saviu Ventures indicates investor confidence in the startup's lending-as-a-service model. With its API-driven digital lending platform, Rubyx has the potential to drive the digital transformation of microfinance institutions in Senegal and beyond. This funding round positions Rubyx well for its upcoming Series A round.
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