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
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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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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Opinions & Guest Posts
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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Opinions & Guest Posts
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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Opinions & Guest Posts
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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Startups
Kenyan insurtech Lami Technologies raises $3.7M to expand across Africa
Kenya-based insurtech startup Lami Technologies has raised a US$ 3.7m seed extension to expand its insurtech product across Africa. The…
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News
PATRICK NDEGWA: Is 2022 the year for African startups?
Africa is the place to be if you want to discover and support new ideas. According to a Substack newsletter…
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Startups
Autochek acquires CoinAfrique to accelerate its expansion across Francophone Africa
Autochek, the Nigerian automotive startup has accelerated its expansion to Francophone Africa after acquiring CoinAfrique for an undisclosed amount. CoinAfrique…
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Startups
Nigeria’s open banking startup Mono launches in Kenya
Mono, a Nigerian fintech startup has announced that it is expanding its services to Kenya. Mono builds an open banking…
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News
Tecno is launching a mobile wallet to rival M-Pesa and Airtel Money
TECNO Wallet: Chinese phone manufacturer Tecno Mobile came to Africa and gained grounding with its Africa-centric mobile devices. The company…
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BUSINESS
Safaricom’s M-Pesa revenue hit Ksh 107.69 Billion
Safaricom M-Pesa revenue grew by 30.3% to hit Ksh. 107.69 Billion. This is according to the telco’s Full Year 2021/2022…
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News
US VC firm Activant Capital opens new office in Cape Town
US-based Growth equity firm Activant Capital has announced that it is expanding its research and due diligence capabilities with a…
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Startups
Kenyan open finance infrastructure startup Credrails partners with Access Bank for future of finance in Africa
Access Bank has partnered with Kenyan women-led open finance infrastructure startup Credrails to develop open finance rails that will dramatically…
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Startups
Flutterwave CEO Embroiled in Bullying, Fraud Claims
A former employee of Nigerian-based payment solutions provider Flutterwave has levelled claims of bullying and fraud against company Founder and…
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Startups
Kenyan e-commerce startup Sokowatch raises $125M, rebrands to Wasoko
Kenyan based B2B e-commerce startup Sokowatch has raised a $125 million Series B equity round, the largest venture financing round ever…
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News
Four Kenyan Startups among 12 Selected for Microsoft Accelerator Programme.
Microsoft in conjunction with Flapmax have announced the qualifying startups for their first accelerator programme that begins March 21, 2022.…
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News
Standard Chartered Bank opens applications for its 5th cohort of its Women in Tech program
Standard Chartered Bank has opened applications for the 5th cohort of its Women in Tech incubator program. The program, which…
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Startups
African Focused VC Firm TLcom Secures First Close of $150mn Pan-African Tech Fund
TLcom, the Africa-focused venture capital firm has announced a first close of $70mn for its $150mn Africa focused tech fund…
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Opinions & Guest Posts
TEJPAL BEDI: Regulating digital lenders in Kenya: The benefits for consumers and industries
In 2021, President Kenyatta approved an amendment that gives the Central Bank of Kenya powers to license and oversee previously…
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Apps
3 trends set to dominate African mobile apps in 2022
In 2021, the mobile industry in sub-saharan Africa continued to show incredible resilience against the impacts of Covid-19 and experienced…
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News
Fourth edition of Africa Tech Summit Coming to Nairobi This February
One of Africa’s top tech events the Africa Tech Summit is coming to Nairobi. The event will take place on…
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News
Nigeria’s CcHUB invested in over 11 high-growth African startups in 2021
Nigeria’s technology innovation centre Co-creation Hub (CcHUB) invested in over 11 tech startups in Africa in 2021 through its new…
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INSURANCE
MFS, Heritage Insurance launch digital insurance platform with motor insurance installment plan
Kenyan fintech firm Mobile Financial Solutions (MFS) Technologies has launched a digital insurance booking platform to meet the growing demand…
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Startups
Nigerian online learning platform Edukoya raises $3.5 million in pre-seed funding
Nigerian online learning platform Edukoya has raised $3.5 million in pre-seed funding led by European VC firm Target Global. The…
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News
Cassava Technologies and Mitsui Sign MoU to Accelerate Digital Transformation in Africa
Cassava Technologies has entered into a memorandum of understanding (MOU) with Mitsui for the development of digital infrastructure and services…
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News
4G Capital and CGAP to Develop Financial Stress Early Warning System
Financial technology credit provider, 4G Capital has developed a new tool that identifies financial stress and helps protect low-income consumers…
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Interviews
[Interview] James Claude, CEO, Global Voice Group: Opportunities for RegTech are beginning to take hold in Africa
James Claude, the CEO of Global Voice Group (GVC). GVC assists governments to increase efficiency, revenue, and transparency and compliance, through intelligent big data solutions…
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News
Nigerian Lending Startup Payhippo Raises $3 Million in Seed Funding
Payhippo, a lending startup that is widening credit access for small businesses in Nigeria, has raised $3 million in seed…
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News
[This Week In Tech] Facebook changes its corporate name to Meta and other top stories
This has been quite an interesting week for tech. We covered so many interesting stories from across Africa and the…
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News
Here is the list of companies and individuals shortlisted for the Africa Tech Awards 2021
The Africa Tech Festival Awards (formerly known as AfricaCom Awards), turns 14 in 2021. These established industry awards acknowledge and…
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News
[South Africa] Ukheshe, Telkom and Engen partner on tipping solution for petrol attendants
South African fintech firm Ukheshe technologies, Telkom, and Engen have collaborated to create a QR solution that allows motorists to…
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News
[This Week in Tech] Wapi Pay founders step down from their roles
This has been quite an interesting week in tech in Africa. We covered a number of great announcements here at…
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Opinions & Guest Posts
Mark Dankworth: The connected continent
Mobile transacting is fast becoming the golden egg of financial services – and nowhere more so than in Africa. According…
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News
Mastercard Launches a Global Small Business Initiative to Accelerate Economic Recovery
Mastercard – through the Center for Inclusive Growth – on Thursday launched Strive, a global initiative focused on strengthening the…
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CLOUD
African Banks Turn to IBM Hybrid Cloud and AI Solutions to Accelerate Digital Innovation
IBM today announced that major financial institutions across Africa have selected its hybrid cloud and AI capabilities to unlock digital innovation.…
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News
Equity Group’s Finserve Africa Bags 2021 E-Commerce Award
Equity Group’s fintech subsidiary, Finserve Africa, has been named the best in E-commerce – Banking/Financial and Insurance Services Gold Category…
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News
EFAYOMI CARR: Africa’s youth hold the key to the expansion of agritech across the continent
The Covid pandemic has focused global attention on the drastic need for food systems to change and become more efficient,…
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News
ELIZABETH COOK: Technology and Collaboration for the Good of the Environment
Climate change and the push to achieve the United Nations Sustainable Development Goals (UNSDGs) are becoming matters of greater importance.…
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CLOUD
Caroline Mukiira : Hybrid Cloud – The Catalyst for Increased Financial Inclusion in Africa
Africa has made huge strides over the past decades towards the financial inclusion. The digitization and simplification of money management…
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News
Top African regions set to become leading startup and investment hubs
On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy,…
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News
Convergence Partners closes its third fund at at US$120 million to drive digital inclusion in Africa
Convergence Partners has announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at…
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CLOUD
Francis Wainaina: The role of cloud in Kenya’s growing tech start-up scene
Despite a global pandemic with many business-related hurdles, the resilient African tech start-up ecosystem thrived during 2020, securing a record-breaking…
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News
Kenyan startup MarketForce acquires Digiduka to consolidate distribution of consumer goods with digital financial services in Africa
MarketForce, the Kenyan end-to-end retail distribution startup for consumer brands in Africa, announces the strategic acquisition of Digiduka, a startup…
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News
Mastercard Empowers Consumers To Choose A Sustainable Future With Eco-Friendly Cards
According to a recent Mastercard study, 58% of consumers are more mindful of their impact on the environment, with 85% willing…
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BUSINESS
Women Can Add $14.57 Billion to E-Commerce in Africa, IFC Research
The e-commerce market in Africa could grow by more than $14.5 billion between 2025-2030 according to an IFC report published…
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News
Equity Group Records Strong Quarter One Results
Equity Group has returned strong quarter one results in a challenging environment amidst the multi-faceted Covid-19 crisis of health, economic…
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News
Kenyan Female Entrepreneur Raises $1.8M in Seed Funding for Lami Technologies
Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans, has…
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Opinions & Guest Posts
[Column] Faizal Bhana: Shariah-compliant Structuring and its Relevance to Impact Investing
Sustainable finance, specifically impact investing, has gained considerable momentum over the past few years and shows no sign of slowing…
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News
[Africa Cloud Review] Simon Ngunjiri: Cloud adoption is the future of African SMEs
In our previous Africa Cloud Review report, we highlighted how cloud adoption is no longer merely an option but a necessity that…
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CLOUD
IBM Hybrid Cloud Services Now Available in Any Environment
IBM has announced that its hybrid cloud services are now generally available in any environment — on any cloud, on…
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Startups
HAVAÍC expects bumper year for African tech startups
As one of South Africa’s most active Venture Capital investors, HAVAÍC says 2020 saw the commercial adoption of technology increase at unprecedented…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri Muraya: Africa’s cloud adoption is accelerating with purpose
As we have previously highlighted Cloud Computing is growing big in Africa and has the potential to open African businesses…
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