Finance

Finance and Accounting information for Entrepreneurs

EisnerAmper Partner Amar Bhatkhande recently participated in a finance and accounting panel discussion during a virtual TiE Silicon Valley networking event designed to connect with the Silicon Valley chapters’ charter members. The panelists broadly outlined the major areas of focus for entrepreneurs in relation to the financing and accounting functions of their startups (see also, Entrepreneur Resource Hub). The discussion highlighted the differences between the key considerations for companies that are in the pre-revenue generation stage and for those that are in early stages of revenue generation.

Panelists included:

  • Amar Bhatkhande, Partner, EisnerAmper
  • Kamal Anand, Board Member, TiE Silicon
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Embedded Finance: 16 Promising Under-the-Hood Fintechs

  • Investors view startups that offer banking as a service as a major growth area for fintech.
  • We asked 10 European fintech VC investors to pick out the top embedded finance startups to watch. 
  • Scroll on to see the 16 startups they chose.
  • See more stories on Insider’s business page.

Venture capitalists are betting on a major new growth phase for fintech: That every company will have the capacity to offer financial services in some way.

This trend, term “embedded finance”, is about enabling non-financial services companies to provide banking services beyond online payments, such as bank accounts, wallets, or loans.

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President Buhari, others to grace CIBN Banking and Finance Conference

The theme of the Conference is: “Economic Recovery, Inclusion and Transformation; The Role of Banking and Finance.”

According to him, the conference is expected to reposition the banking and finance industry as a catalyst for economic recovery, inclusive growth and transformation.

He said the conference scheduled to hold on Sept.14 and Sept. 15, would be co-chaired by Managing Directors of Unity Bank Plc and Jaiz Bank Plc, Mrs Tomi Somefun and Mr Hassan Usman, respectively.

“This year’s event is a paradigm shift from previous conferences, with a strategy to enhance the quality of knowledge shared and full

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Economic Commission for Africa (ECA)’s chief and Cameroon’s Finance Minister review pertinence of financing, vaccines, broadband, energy, jobs, industrial clustering in COVID times

UN Under-Secretary General and Executive Secretary of the United Nations Economic Commission for Africa (ECA) – Vera Songwe, and Cameroon’s Minister of Finance – Louis Paul Motaze, discussed, yesterday, the country’s need to move fast with innovative financing, industrial clustering and digital transformation while keeping up the fight against COVID-19 especially through massive vaccination. This, against the backdrop of an extraordinary summit of CEMAC Heads of State, chaired on the same day by Cameroon’s President Paul Biya on the theme “Review of the Economic, Monetary and Financial Situation in the CEMAC Zone and Analysis of its Prospects.”

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IsDB Institute’s Global Forum to Discuss Prospects of Islamic Finance in Economic Recovery Post Covid-19

Senior development practitioners and experts are scheduled to participate in the 15th IsDB Global Forum on Islamic Finance to discuss unleashing the potentials of Islamic finance to spur economic recovery post Covid-19 pandemic.

The Islamic Development Bank (IsDB) Institute is organizing the forum as a virtual side event to be held on 28 August 2021, in conjunction with the 2021 Annual Meeting of the IsDB Group. The theme of the forum is “The Role of Islamic Finance in Post-Covid-19 Economic Recovery of IsDB Member Countries.”

In the wake of the global economic upheaval triggered by the Covid-19 pandemic, the forum

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The good, the bad and the urgent with climate finance in 2020

Multilateral development banks (MDBs) play an important role in financing developing countries’ efforts to reduce emissions and protect against the effects of climate change, and 2020 was a critical waypoint for MDB climate finance. For one, it marked the due date for the climate finance targets many MDBs set in 2015. 2020 was also the year by which developed countries committed to mobilize $100 billion per year in climate finance for developing countries, with many developed countries channeling a significant share through MDBs.

Unfortunately, MDB climate finance for developing countries fell by almost 5 percent in 2020 compared to 2019

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Ellah Lakes appoints new chief finance officer

Ellah Lakes Plc has appointed Mr Robert Grant as its new Chief Financial Officer.

According to a statement released on Nigerian Exchange website, Grant would move into the role by September 1. Before his appointment, he was the Head of Infrastructure Financing at First City Monument Bank.

Speaking on the proposed appointment, Chief Executive Officer/Managing Director, Mr Chuka Mordi, said, “We are extremely pleased to have such a seasoned professional like Robert Grant joining our team, and we are very excited at the wealth of experience and capacity that we now have at our disposal, for the next stage of

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NAMA Announces Demise of Director, Finance And Accounts

Late Mr. Aniefiok Umoh

NAMA, Director of Finance and Accounts

August 10, (THEWILL) – The Nigerian Airspace Management Agency (NAMA) has announced the demise of its Director, Finance and Accounts (DFA), Mr. Aniefiok Umoh, who passed on, on Sunday.

In an official statement issued Wednesday, signed by the Managing Director, Capt Fola Akinkuotu, NAMA stated that: “It is with great shock, deep pain and disbelief, but with total submission to the will of the Almighty God, that we announce the untimely passing of our Director of Finance and Accounts (DFA), Mr. Aniefiok Umoh, which sad event occurred on Sunday, the

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Transport, Finance Minsters bicker over disbursement of N136.5bn CVFF

By Steve Agbota                                    [email protected]

A directive by President, Muhammadu Buhari and that of the Attorney-General of the Federation, Abubakar Malami, that the controversial Cabotage Vessels Financing Fund (CVFF) should be released to target beneficiaries is threatening the relationship between the Minister of Transport, Rotimi Ameachi and Finance Minister, Zainab Ahmed.

Daily Sun learnt that while the Transport Minister, Amaechi wants the fund, which is in the region of N136.5 billion speedily released to indigenous ship owners, the Finance Minister, Ahmed is completely opposed the idea, insisting that that the fund is a public fund not private fund and it

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Women Empowerment, Pathway to Poverty Reduction, Says Finance Minister

Ndubuisi Francis

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has stated that the only way to reduce poverty in the country is to train and empower the womenfolk.

Ahmed, who stated this during a visit to
the National Centre for Women Development (NCWD) in Abuja, praised the centre for the training it offers, “because it helps in economic empowerment for the women”.

Ahmed, in a statement issued by her Special Adviser, Media and Communications, Yunusa Tanko Abdullahi, said: “I will like to suggest here that you encourage the women to open a bank account which will

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