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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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
Online Brokerage Market Projected to Reach $18 Billion by 2028
Projections indicate that the online brokerage market will reach $18.02 billion by 2028, at a compound annual growth rate (CAGR)…
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BUSINESS
Online trading is transforming Africa’s financial landscape
Online trading has gained significant popularity in Africa in recent years. Given the potential for lucrative returns, many Africans are…
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News
Calla PR launches digital marketplace to for African businesses
Calla PR, a leading strategic communications agency, has launched Calla Precision, a digital marketplace designed to connect businesses to their…
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News
[INTERVIEW] Lami’s Jihan Abass on Digital Revolution for Insurance Agents
The insurtech sector in Africa is rapidly evolving, driven by technological advancements and a pressing need for accessible insurance solutions. …
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News
Mobile Money Subscriptions in Kenya Rise to 38.7 Million
Mobile money subscriptions in Kenya have grown to 38.7 million, translating to a penetration rate of 75%. This is according…
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News
Mobile money driving financial inclusion in Africa
Mobile Money in Africa: According to a report by the Mastercard Foundation, Africans have some of the lowest levels of…
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Interviews
[Interview] Watu Africa’s Erick Massawe Explores E-Mobility Financing Trust Shifts
Asset financing for e-mobility is steadily gaining momentum in Kenya and across Africa, driven by increasing demand for Electric Vehicles…
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Startups
M-KOPA reaches 5 million customers, unlocks $1.5bn in credit across 5 African markets
Emerging market fintech, M-KOPA has announced that it has surpassed 5 million customers across Ghana, Kenya, Nigeria, South Africa and…
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COLUMNS
Antony Muchiri: The growing Super Apps landscape in Africa
In recent years, the digital space in Africa has undergone a significant transformation, powered by increasing internet penetration, widespread smartphone…
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News
AfricArena Nairobi Summit 2024 to Boost Kenyan Startups’ Capital Raising
Nairobi’s tech ecosystem is vibrant, bustling with excitement. It’s alive with potential and promise. The upcoming AfricArena Nairobi Summit: Africa…
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News
Effective PR Services for Increased Brand Memorability
In an increasingly crowded digital arena, where a lot of fintech and online trading industry players dwell, yet only very…
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News
Eunice Kinyanjui: We Need More Digital and Innovative Financial Solutions for MSMEs Beyond Credit
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of Kenya’s economy, contributing significantly to innovation and economic growth. According…
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CYBER SECURITY
Hacktivist group Anonymous sends warnings to Kenyan government to allow citizen protests
Kenyan businesses and institutions are on tenterhooks as global hacktivist group Anonymous sent warning salvos to the country’s government to…
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Startups
List of startups selected to join Standard Chartered Women In Tech Ksh22m programme
Standard Chartered and @iBizAfrica- Strathmore University have announced the 15 startups selected to join their Women In Tech programme. This…
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Startups
Orca Fraud raises $550k to fight fraud in emerging markets
Orca, a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud,…
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Startups
Nine startups selected for the Safaricom Spark Accelerator Program
Safaricom has announced the nine startups selected for its Spark Accelerator Program. The program aims to accelerate early-stage startups in…
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News
![[Gerald Maithya] What we can learn from Africa’s small business success stories](https://techtrendske.co.ke/wp-content/uploads/2024/05/Gerald-Maithya-Image-1-390x220.jpg)
[Gerald Maithya] What we can learn from Africa’s small business success stories
Africa is often hailed as the birthplace of some of the world’s most exciting tech startups. From Cape to Cairo,…
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Startups
Digital identity solutions provider Seamfix secures $4.5 million funding to expand across Africa
Seamfix, the Nigeria digital identity solutions provider, has secured $4.5 million from Alitheia IDF, a gender lens investing fund, in…
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Startups
Madica announces new investment in three African startups
Madica, a structured investment program designed for pre-seed stage startups in Africa has announced its first set of investments in…
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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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