Search Results for: Data fintech
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News
HTC most sought after mobile device in Kenya than Huawei in 2016 – DataFintech
HTC and Huawei mobile devices account for 24.9% of the mobile phones by stock value on the Kenyan online…
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Startups
Empowering Africa’s Economic Future: Fintech’s Role in Driving Financial Inclusion in Africa
In recent years, Africa has emerged as a hotbed for innovation and entrepreneurship, with its rapidly growing population and increasing…
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News
Mastercard acquires minority stake in MTN’s fintech business for $200 million
Global payment-technology corporation Mastercard has completed the acquisition of a minority stake in MTN Group’s fintech business. The acquisition comes…
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News
Fintech firm Ukheshe acquires Africa focused payment and eCommerce solutions provider EFT Corporation
South African Fintech firm Ukheshe International has acquired 100% of EFT Corporation Limited (EFTCorp) from parent Loita Transaction Services (LXS),…
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News
Is Ethiopia Africa’s sleeping fintech giant?
The fintech sector has been one of Africa’s biggest technology success stories. According to one report, the continent’s 678 fintech startups…
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News
Who’s leading the fintech pack in Africa?
The local fintech bubble may have burst, with valuations becoming much lower as investors look for profitability and maturity instead of growth…
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News
Continued growth of Africa’s FinTechs can unlock greater economic prosperity
Africa is one of the fastest growing FinTech markets with revenue forecasted to grow 13 fold to $65-billion by 2030.…
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News
Fintech startup Sendwave targets Kenyans in the US with new banking product
Fintech startup Sendwave has unveiled a new product that will allow users to earn interest and pay reduced fees on…
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News
[Nigeria] Prembly acquires data sharing firm Tunnel
Prembly, which bills itself as a leading compliance and security infrastructure company in Africa has announced its acquisition of secure…
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News
Exness expands its Fintech Scholarships program to Kenya
Multi-asset broker Exness is extending its popular Fintech Scholarships program to Kenya in partnership with the United States International University…
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News
BudPay to host a fintech hackathon in Nairobi, up to $1000 in prize money up for grabs
BudPay, the payment infrastructure company offering payment services to businesses in emerging markets has revealed plans to host a fintech…
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News
Brazilian fintech EBANX picks Ex-Chipper Cash VP as its new director for Africa
EBANK, the Brazilian fintech company which recently expanded into Africa has announced the appointment of Wiza Jalakasi as its new…
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News
[Interview] Visa Kenya’s Eva Ngigi-Sarwari on fintech and Gen-Z spending
We are living at an exciting time where technology has made it easier for people to access funding, invest and…
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News
[Interview] JuicyScore’s Mikhail Marchenko on why fintechs should invest in risk management solution
JuicyScore, a global leader in anti-fraud and risk management solutions entered the Kenyan market recently. The firm offers anti-fraud and…
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News
Payments firm enza group launches to serve African banks and fintechs
enza Group: Africa has a very vibrant fintech and payments ecosystem. This space is expected to grow exponentially over the coming…
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News
Mikhail Marchenko: Major fintech trends that will affect online businesses in 2023
Digitalization and technological achievements, which have been observed in the African region for the past decade, have sped up the…
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News
Tanzania’s fintech NALA has expanded to 19 European countries
NALA, a Tanzanian fintech startup known for its remittance services to Africa has expanded to 19 more European countries. The…
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Startups
Kenyan fintech Hisa among 9 African startups selected for the second batch of €7.5 million Startup Wise Guys fund
Kenyan fintech Hisa is among the nine African startups selected for the €7.5 million Startup Wise Guys fund. Selected…
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News
Kenya, Nigeria and SA lead fintech growth in Africa, Mastercard report
A report by payment services company Mastercard has revealed that South Africa, Nigeria and Kenya are among the most vibrant…
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News
Liquid Dataport taps into Google’s Equiano sea cable to provide faster and affordable internet for consumers in SA
Liquid Dataport has acquired a pair of fibre cables on Equiano, the new West coast submarine cable as it seeks…
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News
Fintech platform Nomanini launches app to connect FMCGs and financial service providers in Africa
Fintech platform Nomanini has today announced the launch of a new app that connects FMCGs and financial service providers to serve…
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News
Nigerian fintech startup Indicina raises $3m seed funding for Africa expansion
Nigerian fintech startup Indicina has raised $3 million in seed funding round to accelerate its expansion into other African markets.…
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News
Kenyan Fintech Hisa Joins NVIDIA Inception Programme
Hisa App, a Kenyan mobile investment platform that allows anyone in Kenya to invest in U.S. stocks and ETFs using…
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News
CcHUB, Google unveil 9 Startups selected for the Fintech Incubation Programme in Rwanda
Nigeria’s technology innovation centre Co-creation Hub (CcHUB) in collaboration with Google, Ministry of ICT and Innovation Rwanda, and Mojaloop Foundation…
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BUSINESS
Banks tipped on healthy competition with FinTechs
If banks are to adequately compete and address the challenge posed by the growing influence of fintechs into their space,…
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News
Kenya looks to FinTech to supercharge financial inclusion, report
Kenya has the opportunity to become a continental leader in FinTech and dramatically boost financial inclusion by enhancing the existing…
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Startups
Kenyan fintech 4G Capital raises $18.5M from Lightrock
Kenyan fintech credit provider 4G Capital has raised $18.5 million in Series C funding from global private equity firm Lightrock. …
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Startups
Kenyan fintech startup Zanifu raises $1M funding, eyes Ghana and Uganda expansion
Kenyan fintech startup Zanifu has closed a $ 1 million seed round to scale its business and improve on its…
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Startups
Canadian fintech startup Periculum launches in Nigeria to build credit assessment infrastructure for Africa
Canadian fintech startup and credit assessment company Periculum, has launched in Nigeria to tackle the challenge of domestic credit to…
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CLOUD
Africa Data Centres Unveils 10MW Data Centre in Lagos
Africa Data Centres has officially opened its new 10MW data centre facility in Lagos, Nigeria. The new facility, the company…
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Startups
Kenyan fintech startup Asilimia raises $2 million in pre-seed funding
Kenyan fintech startup Asilimia has raised $2 million in pre-seed funding to expand its operations to new markets in East Africa.…
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Startups
Fintech Startup Kwara and Lami Technologies partner to provide insurance products for SACCO members in Kenya
Kenyan fintech startup Kwara has today partnered with insurtech company, Lami Technologies, to provide Savings and Credit Co-operative Society (SACCO) members in…
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News
African fintech startup Payday joins Techstars Toronto Accelerator program
Pan-African fintech startup Payday has joined Techstars Toronto Accelerator program. Techstars is an operational investment company that assists founders and…
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Startups
Nigerian Fintech Startup Brass Secures $1.7M Financing Round
Nigerian fintech startup Brass has secured $1.7mn in funding to address the heavily underserved banking needs of local entrepreneurs, traders and…
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News
TONNY TUGEE: Fintech in Kenya – an industry of innovation
Almost every industry across the globe is undergoing rapid digital transformation, and the world of finance is no exception. Technology…
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CLOUD
Africa Data Centres to build large hyperscale data centres across Africa
Africa’s carrier-neutral co-location data centre provider, Africa Data Centres has announced plans to build large hyperscale data centres throughout Africa,…
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News
South African fintech startup SOL rebrands to SOLmate
South African fintech startup SOL has announced that it’s rebranding to SOLmate. The online payment platform that offers clients a digital…
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Startups
African Fintech startup Pngme raises $15m Series A funding
African fintech startup Pngme has raised $15 million in Series A funding as the company sets out to grow its…
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News
Nigerian fintech startup Lidya raises $8.3m pre-Series B funding round
Nigerian fintech and lending startup Lidya has announced the completion of its $8.3 million pre-Series B funding round. Alitheia Capital…
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News
Britam and fintech app KOA partner to enable Kenyans access low risk investment opportunities
Britam Asset Managers and Kenya-based fintech startup KOA, have today announced a partnership to offer customers access to low risk investment opportunities. This…
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Startups
Kenyan Fintech Firm Kwara Among African Startups Selected for Norrsken Impact Accelerator Program
Kenyan fintech firm Kwara is among the twenty startups, with eleven from Africa, selected to join the Norrsken Impact Accelerator. Norrsken…
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News
Kenyan fintech startup Kwara selected for Japan-led Ninja Accelerator Programme
Digital banking platform and fintech company Kwara has been selected for the first cohort of the Ninja Accelerator programme in Kenya.…
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News
Lendable Passes $100 Million Investment Mark in Fintech Startups
Lendable has announced that it has invested over US$100 million in credit to help fintech startups in emerging and frontier…
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News
[Interview] Our data marketplace is helping fill credit history gap in Sub-Saharan Africa, CARMA CEO
Fintech has become a significant force in shaping the financial services industry in Sub-Saharan Africa. As this market grows, the…
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News
Visa’s Fast Track Program Propels Growth of the Fintech Industry Worldwide
Visa today announced its continued support of the global Fintech community, having grown the Fast Track Program to over 140 Fintechs.…
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New Appointments
South Africa’s Fintech Firm e4 Appoints Fikile Sibiya as its Chief Information Officer
South Africa’s fintech software specialist, e4, has announced the appointment of Fikile Sibiya as its Chief Information Officer. Fikile will…
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COLUMNS
Data: Africa’s “new blood”, rather than the “new oil”
Data protection and privacy regulation in most, or even all, African countries are often less mature – particularly when compared…
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News
[Column] How fintechs are making Africa a leading global Innovation Hub
In a continent where over 60% of the adult population is unbanked and the financial sector is considerably underdeveloped, fintech…
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BUSINESS
Four ways fintech is changing international money transfer space
According to recent data from the Central Bank of Kenya (CBK), diaspora inflows in the country rose to Ksh30.4 billion…
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BUSINESS
Consumer benefits of using fintech for diaspora remittance
For most Kenyans living abroad, sending money back home can at times be a costly and a complicated ordeal. Traditionally,…
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New Appointments
Fintech company e4 appoints Grant Phillips as its new CEO
South Africa’s Fintech software company e4, has announced the appointment of Grant Phillips as its new Chief Executive Officer. Having…
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CYBER SECURITY
Growth in Fintech drives growth in cyberattacks, Kaspersky
Africa’s Fintech sector is booming! According to reports, Africa’s Fintech ecosystem has surged 60% in the last two years and the…
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BUSINESS
The rise of Sub-Saharan Africa as a fintech hub
Sub-Saharan Africa is one of the fastest-growing investment zones for fintech companies according to new research. The GSM Association says…
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BUSINESS
[Column] Fintechs are disrupting the local traditional remittance market
Data from the Central Bank of Kenya (CBK) shows that diaspora inflows in the country rose to Ksh30.4 billion ($295.3…
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Startups
14 fintech startups selected for the CATAPULT: Inclusion Africa program
14 Fintech startups have been selected to join the CATAPULT: Inclusion Africa program scheduled to take place between the 5th…
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COLUMNS
Fintech flourishes in Uganda as regulation remains hands-off for now
Financial technology is flourishing in Uganda, thanks partly to the enormous popularity of mobile money and payment systems and partly…
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Startups
Nigerian fintech startup Mines, secures $13M funding
Mines, a Nigerian fintech startup re-inventing credit in emerging markets secured $13M funding. The Series A round was led by…
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Startups
Kenyan Startups invited to apply for this year’s DataHack4FI competition
Nairobi Garage is calling on Kenyan startups to apply for the for this years DataHack4FI competition with the winning team…
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News
Fintech firm AllenHark launches pre-ico sale targeting $250,000 to build its cryptocurrency trader platform
AllenHark Group has launched a presales initial coin offering (ICO) to build its AllenHark Terminal (HRK). AllenHark Terminal is a…
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News
NetGuardians Africa nominated for the 2016 African FinTech Awards.
NetGuardians has been nominated for the 2016 Africa FinTech Awards. The innovative Swiss Fintech company which was inaugurated in Nairobi,…
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BUSINESS
FINCA and First Access Announce World’s Largest Microfinance Fintech Collaboration
FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, has announced a new collaboration…
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News
Report: Consumer popularity of Samsung phones sored as TV and laptop business reaped less during elections period
Consumer popularity of Samsung phones soared the whole of Q2 2017, beating HTC. The value of Samsung mobile phones as…
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News
Battle of the Brands: Infinix vs Tecno.
Let us just agree that Tecno and Infinix Mobile are some of the most popular mobile phones in Kenya right…
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News
Report: Toyota cars still popular among Kenyans as automotive market prices go down in Q1-2017
The Kenyan Automotive scene has been growing over the last couple of years. A 2016 report by Deloitte suggests that…
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BUSINESS
Demand for TECNO Mobile phones went up after the Camon CX launch
Lets just agree that TECNO Mobile has been doing pretty well in the Kenyan market and even in Africa.…
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BUSINESS
Oppo beats Xiaomi to become most popular brand in Q1-2017 in Kenya
In our today’s update on the battle for brands segment, our friends at Data Fintech have shared some insights on…
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News
Report: Acer beats Asus laptops to top at 75% in brand popularity in Kenya
Acer laptops were the most popular brands than Asus in the period between March 2016 and March 2017. According to…
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News
Kenyans bought more Infinix smartphones than HTC between February 2016 and February 2017
Infinix was the most sought after smartphone brand in Kenya in between February 2016 and February 2017. According to the…
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COLUMNS
Why Electronic Dealers Need The Online Marketplace
With Kenyans becoming more and more tech-savvy, the demand for certain electronic goods in the country has grown rapidly with…
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News
Report: Lenovo Laptops, and LG television brands most popular among Kenyan consumers
Data Fintech has been working with PigiaMe to come up with an Electronics Trends Market Report. The reports provide an…
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BUSINESS
Nikon beats Canon to become the most favored camera brand in Kenya
The Kenyan electronic market is always very competitive. From smartphones, television, and others, all these brands are always trying…
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News
Digital commerce in Africa to expand 25% per year by 2026
Africa has emerged as a frontier for the new online consumer class, representing an estimated 10 million new consumers in…
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COLUMNS
[Mark Doumba] Kenya’s Innovation Boom: Thriving on Foreign Capital, But Can It Chart its Own Course?
As Foundry Fellows at the Legatum Center for Development and Entrepreneurship at MIT, we have the unique privilege to travel and dissect innovation and…
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News
VC firm Flourish Ventures launches African Founder Well-Being Survey
Flourish Ventures, an early-stage global fintech venture capital firm has announced the launch of a first-of-its-kind research effort named The African…
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News
Techstars and ARM Labs invest $1.4 million in 12 African startups
Techstars, one of Africa’s most active startup investors has announced the 12 startups that will take part in the second…
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News
Fuse launches $10M grant program for web3 payments innovators
Fuse Network has unveiled a $10 million grant program to support businesses by providing essential funding and infrastructure for streamlined…
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News
TechCabal’s Inaugural Moonshot Conference brings Africa’s tech ecosystem to Lagos, Nigeria
African tech leaders and investors are set to gather in Lagos, Nigeria this October for TechCabal’s inaugural Moonshot Conference. They…
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News
Here are the 12 African startups selected for Microsoft-backed FAST Accelerator AI program
Data and AI technology company Flapmax has announced the twelve startups selected for the second cohort of the FAST Accelerator…
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News
Kenyan insurtech Turaco acquires Ghana’s MicroEnsure to deepen affordable insurance coverage across Africa
Turaco, the Kenyan insurtech startup offering affordable insurance to users has acquired MicroEnsure Ghana from MIC Global. Under the deal,…
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News
Catalyst Fund marks its first close to back climate tech startups in Africa
The Catalyst Fund has reached the first close of its targeted $40 million fund to invest in climate tech startups…
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News
QED Investors lead $12 million investment in Nigeria’s healthtech startup Remedial Health
Across Africa, 85 percent of retail medicine purchases happen at micro-enterprises, typically neighbourhood pharmacies and) and Proprietary Patent Medicine Vendors…
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News
Smile ID H1 2023 Africa KYC Report Highlights Identity Fraud Trends and Verification Insights
Smile ID (formerly Smile Identity), the leading identity verification and digital Know Your Customer (KYC) provider in Africa, has unveiled…
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News
Risana Zitha: B2B payments set to be the next focus for VC’s in Africa
Africa’s $1.5 trillion B2B payments market is ripe for innovation and represents a golden opportunity for investors and entrepreneurs looking to…
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News
Here are the five startups pitching at the 2023 Visa Everywhere Initiative Kenya edition
Payments firm Visa has unveiled the five finalists shortlisted for the final round of the 2023 Visa Everywhere Initiative (VEI).…
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News
Hillary Namunyu: How nongreen companies can apply ClimaTech solutions
This year has seen green focused startups in Africa get more VC funding compared to other years as the world…
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News
15 Women-led startups selected to join Cohort 6 of Standard Chartered’s Women in Tech program
Standard Chartered Kenya in partnership with @iBizAfrica- Strathmore University has announced the fifteen women-led startups that will be joining the…
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News
5 Kenyan startups among the 25 selected to receive $4M Google for Startups’ Black Founders Fund
Five Kenyan startups are among the twenty-five from across Africa that have been selected for this year’s $ 4 Google…
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News
Nigeria health-tech Helium Health raises $30m Series-B funding
Helium Health, the Lagos-based health tech firm Helium has raised $30 million in Series-B funding The funding round was led…
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Interviews
[Interview] Youverify’s Dimitri Kanellopolus on the firm’s expansion to Kenya and the state of regtech in Africa
The last couple of years have seen a number of African countries start to adopt regulation technology – what has…
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News
African Climate Tech Startup Amini Raises $2 million
Amini, an early-stage company focused on solving Africa’s environmental data gap through Artificial Intelligence and satellite technology, has raised $2M…
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News
PATRICK NDEGWA: Kenya’s startup ecosystem is set for growth in 2023 and beyond
Kenya is a hub for entrepreneurship and startup development in East Africa, with a growing ecosystem of innovative businesses and…
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News
B2B E-commerce startup Wasoko to invest over $1 million in Zambia
Wasoko has revealed plans to invest over $1 million in Zambia. The B2B retail and e-commerce made this announcement even…
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Apps
Africa had more than 270 million mobile apps users as of December 2022
As of December 2022, the total number of monthly active users of mobile apps in Africa exceeded 270 million, a…
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News
Smile Identity acquires Inclusive Innovations in its Africa expansion drive
Pan-African cyber security company Smile Identity has announced the acquisition of Inclusive Innovations, the parent comp of Appruve, a company…
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News
Flutterwave selects Nairobi, Kenya as its regional headquarters for East Africa
Flutterwave, the African fintech firm is setting up its regional headquarter for East Africa in Nairobi Kenya. This announcement was…
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News
Google takes down hundreds of Kenyan loan apps from Play Store
Google has removed hundreds of Kenyan-focused loan apps from Play Store, in compliance with the new digital lenders policy which…
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BUSINESS
M-PESA Africa opens a $2 Million in Shared Service Operations Centre in Nairobi
M-Pesa Africa on Wednesday launched a Shared Service Operations Centre (SSOC) in Nairobi to oversee service operations and technical support.…
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News
Kenyan startup ecosystem has a significant competitive edge globally, report
A comprehensive, in-depth report funded by the UK government has given Kenya’s startup ecosystem a thumbs up, noting that it…
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News
Empowering African SMEs: Cladfy’s innovative approach to accessing capital
Sub-Saharan Africa is currently home to 44 million micro, small, and medium-sized enterprises (SMEs). All of which serve as a…
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