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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BUSINESS
Kenya Money Laundering Crackdown Triggers Global Risk Alarm as Fintech, Trade Face Fallout
Kenya is facing unprecedented scrutiny over a massive surge in suspicious financial activity, with Sh6.97 trillion flagged in just three…
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CLOUD
SISCOM Tech Launches New Data Center Cluster, Gains Data Controller Status
SISCOM Tech has unveiled its newest data center cluster, hosted within IX Africa’s Tier III-designed, 4.5 MW, 780-rack, carrier-neutral facility…
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News
Tech Growth in Africa: What the Latest Economic Data Doesn’t Reveal
The latest report on Global Economic Prospects states that, while a modest economic rebound is expected in 2025, GDP growth…
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News
dLocal to Acquire AZA Finance in Strategic Play for Africa’s Fintech Market
Cross-border payments firm dLocal is making a bold move into Africa’s fintech landscape with the planned acquisition of Nairobi-founded AZA…
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News
Nigeria’s Digital Payments in 2025: What’s Fueling the ₦1.56 Quadrillion Fintech Shift?
Digital payments in Nigeria exponentially increased last year to set a key trend in Africa’s largest economy in 2025. As…
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CYBER SECURITY
Kenya Data Protection Crackdown: ODPC Is Fining Companies—But Is It Enough?
2024 saw the scatter-gun enforcement style of the Office of the Data Protection Commissioner (ODPC) in Kenya with 51 determinations…
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News
[Nigeria] Fintech startup Payhippo rebrands to Rivy, raises $4M in pre-series A funding
Rivy, an AI-powered lender for Africa’s renewable energy sector, has announced its rebrand from Payhippo and the successful closing of a…
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News
Milken-Motsepe Prize in Fintech Three Finalists Announced
The Milken Institute and the Motsepe Foundation have announced the three teams advancing to the final round of the Milken-Motsepe…
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News
Fintech firm NjiaPay secures $1M+ to simplify payments for African businesses
NjiaPay on Tuesday announced the closing of an oversubscribed $1 million+ pre-seed funding round. The round was led by HAVAÍC,…
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Startups
Kenyan Fintech Leja Processes $2 Billion in Business Transactions in 2024
Kenyan fintech startup Leja has achieved remarkable growth, processing $2 billion in B2B payments since launching its B2B payments service…
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News
Kenya to Host 61st AERC Plenary, Focusing on Africa’s FinTech Revolution
Kenya will host the 61st Biannual Plenary Session on the FinTech Revolution in Africa on December 1st, 2024. The plenary…
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News
AI in Fintech Market to reach USD 70.1 billion by 2033
The fintech industry worldwide is witnessing unprecedented growth, driven by the integration of Artificial Intelligence (AI). According to market forecasts,…
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News
Fintech platform PalmPay rolls out USSD service in Nigeria
PalmPay, the financial platform with over 30 million users on its smartphone app in Nigeria, has announced the launch of…
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News
NTT Data taps ex-visa director as head of marketing and demand generation
NTT DATA has announced the appointment of Thembeka Ngugi as the company’s Head of Marketing and Demand Generation for NTT…
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BUSINESS
Government Pledges Support for Digitization of Banking and Fintech at SeamlessHR Conference
Africa’s leading HR and payroll technology firm, SeamlessHR, hosted C-level executives to a roundtable on the factors driving disruption in…
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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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News
Kenyan fintech startup Paylend raises $2m seed investment to accelerate growth
Paylend, a Kenyan fintech startup focused on providing access to finance and digitizing MSMEs in Kenya has raised $2 million…
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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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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
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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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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BUSINESS
Three fintech startups admitted to Kenya’s Regulatory Sandbox
Three Kenyan fintech startups have been admitted to the Kenyan Capital Markets Regulatory Sandbox. The startups are Pezesha Africa, a…
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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
[Interview] Botswana Bets on Innovation with MIT to Build a Post-Mineral Economy
Botswana has taken a bold step toward redefining its economic future through a groundbreaking partnership with the Massachusetts Institute of…
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BUSINESS
Orange Money Group Partners with JUMO to Expand Microcredit Services Across Africa
Orange Money Group has announced a strategic partnership with fintech company JUMO to broaden access to digital financial services in…
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News
Verto Webinar Unpacks Future of Cross-Border Payments in Africa
Global fintech firm Verto on Thursday hosted a webinar shedding light on the challenges and opportunities that businesses face when…
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News
How Nairobi Financial Hub Tax Relief Is Reshaping Kenya’s Startup and Investment Landscape in 2025
Startups operating under the Nairobi International Financial Centre (NIFC) are set to benefit from significant tax cuts under Kenya’s newly…
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News
M-KOPA Surpasses 1 Million Branded Smartphone Sales in Just 12 Months
Leading fintech M-KOPA has announced it has sold over 1 million of its branded smartphones within just 12 months of…
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News
The Changing Dynamics of Forex and Trading in Africa
The forex and online trading landscape has witnessed a significant growth in Africa in recent years, mainly driven by technological…
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News
Lipa Later Acquisition Race Sees Sh3B in Bids from Local and International Players
At least three firms have entered the Lipa Later acquisition race, submitting offers to buy or finance the struggling buy-now-pay-later…
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Startups
Tech Funding in Africa Contracts in H1 2025 Despite Early-Stage Growth
Tracxn has released its Africa Tech H1 2025 Funding Report, offering a detailed view of funding trends, sectoral performance, acquisitions,…
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TechTrends Podcast
The TechTrends Podcast | Stablecoins, Regulation & Africa’s Crypto Growth ft Yellow Card
In this episode of the TechTrends Podcast, we sit down with Edline E. Murungi, Senior Legal Counsel for East Africa…
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News
Why African Startup Funding in 2025 Is Surging Again After Years of Decline
African startup funding in 2025 is off to a strong start, with startups raising $1.4 billion in the first half…
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Featured
Game On! Spotika Unleashes Africa’s Smartest Betting Platform
One of Kenya’s most high-profile sports betting brands, Spotika, is back in operation and this time with a vengeance, since…
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News
Students Build AI Tools for Farmers and Urban Planners in Africa
A 24-hour AI hackathon hosted by Qhala, Huawei, and Konza Technopolis during Africa AI Literacy Week has led to the…
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News
World MSME Day 2025: How Safaricom is Enabling Kenyan MSMEs to Scale
As the world marks World MSME Day 2025, the spotlight turns to the micro, small, and medium-sized enterprises that form…
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