The size and growth dynamic of the overall market is the top constraint faced by emerging market fintech firms. By product, overall market dynamics are important for almost all segments, but lending fintechs also regard funding access as a key challe...

Before the pandemic hit the country, Bangladesh's economy maintained a steady 6%+ growth rate during FY10-FY15 and 7.0%+ growth rate during FY16-FY18, and 8.15% in FY19. Bangladesh’s foreign exchange reserve reached USD 43bn landmark in December, 202...

The outsized share price performance and valuation re-rating of the US mega-Tech seen in recent years, a shadow under which all other sectors and geographies have been orphaned, including non-Tech parts of emerging and frontier markets, may not persi...

The ‘usage gap’ – people that have access to the internet but are not using it – at end-19 stood at 44% (GSMA data), representing a global population of 3.4bn. The perceived relevance of the content available on the internet to users, especially in r...

Once again, unorthodox monetary policies by the CBRT and how it has managed its reserves since the past year, have led to a massive Turkish lira devaluation (47% y/y against US$ and 56% y/y against Euro). At 9.1x 2020 P/E (6.8x Bloom. We are also con...

Tinkoff Group and Yandex have officially announced an end to negotiations on the potential acquisition of 100% of Tinkoff equity by Yandex ($5.48bn preliminary price indication), which was initially announced by the parties on 22 September. According...