Search Results for: FINTECH
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News
The Point Where African Fintech Has to Prove It Can Hold Together
At a certain stage of growth, payments stop being about access. The conversation changes. Adoption is no longer the headline.…
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News
Inside Moniepoint: How One Fintech is Wrestling with Growth, Chaos, and African Payments
In a conference hall buzzing with the predictable energy of Nairobi’s tech scene, Moniepoint took the stage not to flaunt…
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News
African Fintech Growth Runs Into the Hard Limits of Trust, Regulation, and Sustainable Scale
The conversation around African fintech has matured, or at least it sounds different now. At Africa Tech Summit Nairobi, the…
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News
As Fintech Moves Closer, SACCOs Rethink Control, Trust, and Relevance
Kenya’s cooperative financial sector is entering a period of adjustment as SACCOs move closer to fintech firms in response to…
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TRENDING
Nigeria Stops Chasing the Fintech Moment and Starts Trying to Define It
Every fast-growing technology sector reaches a point where speed alone stops being an advantage. Growth exposes weak wiring. Rules lag…
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TRENDING
CAK Approves KCB Group’s Acquisition of Fintech Firm Riverbank Solutions
The Competition Authority of Kenya (CAK) has formally approved KCB Group PLC’s acquisition of a 75% stake in the fintech…
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News
MENA FinTech Association Formally Constitutes Policy & Regulation Working Group
Following its high-profile debut at Investopia 2023, the MENA FinTech Association (MFTA) has officially announced the formal constitution of its…
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News
Somewhere Between the Pitch Deck and the Balance Sheet, African Fintech Grew Up
African fintech no longer moves on promise alone. It moves on permission, arithmetic, and tolerance for risk. The shift is…
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COLUMNS
Serigne Dioum | Digital-First: Unlocking the next generation of African fintech
More than 15 years ago, mobile financial services emerged as a transformative force across Africa. From the earliest days of…
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Startups
Visa spotlights 22 African fintech startups as alumni valuation hits $1.3 billion
Visa has unveiled the latest group of high-growth startups graduating from its Africa Fintech Accelerator program, showcasing 22 companies that…
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Startups
Ugandan fintech MAM Telecom joins FasterCapital to raise $5M
MAM Telecom Ltd, a Kampala-based financial technology firm addressing mobile money float shortages, has been accepted into FasterCapital’s prestigious EquityPilot…
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TRENDING
Safaricom Unveils Daraja 3.0, Paving the Way for ‘Fintech 2.0’ with Super App Integration
Safaricom PLC has officially launched Daraja 3.0, a comprehensive overhaul of its M-PESA API platform. The launch marks a pivotal…
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TRENDING
KCB Group to Acquire Stake in Fintech Firm Pesapal, Marking Second Major Fintech Investment in 8 Months
KCB Group Plc has announced that it has signed a deal to acquire a minority stake in Pesapal Limited, a…
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Startups
Kenyan fintech Zanifu secures undisclosed investment from UAE-based Yango Group
Kenyan fintech platform Zanifu, which provides working capital to small and medium-sized enterprises (SMEs), has secured a new round of…
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News
Safaricom to Launch New M-PESA App in November Built on Fintech 2.0 for Faster and Smarter Services
When Safaricom announced that M-PESA would briefly go offline on the night of September 22, most Kenyans likely shrugged. After…
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News
How Nigerian Fintech Startup Cardtonic is Redefining Cross-Border Payments
When Nigerian entrepreneur Kayode “Kay” Faturoti set out to help his girlfriend order makeup from Sephora in 2018, he didn’t know he…
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News
Accion Ventures Raises $61.6M to Boost Early-Stage Fintech Startups in Africa
Accion Ventures, the U.S.-based venture capital arm of the global nonprofit Accion, has closed its second fund at $61.6 million,…
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News
MTN MoMo Uganda Gears Up for Spin-Off as Fintech Ambitions Take Center Stage
MTN Uganda is entering a new phase as it prepares to restructure its mobile money business, MTN MoMo, into a…
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CYBER SECURITY
A Sophisticated Malware Targeting Fintech and Online Trading Platforms Uncovered
Cybersecurity firm Kaspersky has discovered a new and highly sophisticated malware used in campaigns targeting fintech companies, and online trading…
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News
Visa Launches Cohort 5 of the Africa Fintech Accelerator Program
Visa, a global leader in digital payments, has officially opened applications for the fifth cohort of the Visa Africa Fintech…
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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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News
MTN Uganda to Restructure MoMo in 2025 to Drive Fintech Growth
MTN Uganda has planned to restructure its MoMo(Mobile Money) business in accordance with broader industry trends and pan-African fintech ambitions…
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News
From Cash to Digital: Understanding PalmPay Growth in Nigeria’s Fintech Scene
PalmPay’s growth in Nigeria is a beacon that showcases the phenomenal extent to which fintech has made an impact on…
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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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News
Mart Networks Unveils Cybersecurity Offering for Fintechs
Mart Networks, a leading cybersecurity distributor in Africa and the Middle East, has announced the launch of a dedicated cybersecurity…
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News
Investment Firm C-One Ventures Acquires Nigerian Fintech, Bankly
Bankly, a Nigerian fintech company and licensed microfinance bank, has announced the full acquisition of its Nigerian operations by investment…
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News
KCB Acquires Majority Stake in Fintech Firm Riverbank
KCB Group has announced the acquisition of a majority stake in fintech firm Riverbank Solutions Limited. The Group said the…
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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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BUSINESS
Lipa Later and Odyssey Capital Insolvency: A Turning Point for Kenya’s Fintech Industry?
Kenya’s fintech industry is headed for a seismic change after the announcement of Lipa Later and Odyssey Capital’s insolvency. Together,…
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News
Fintech Firm dLocal Integrates Airtel Money for Google Play Payments in Kenya
dLocal, the leading cross-border payment platform connecting global merchants to emerging markets, has enabled Airtel Money as a payment method…
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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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BUSINESS
Fintech Firm Tuma Secures PSP License From Bank of Tanzania
Fintech innovator, Tuma Ventures Limited, has announced its approval as a licensed Payment Systems Provider (PSP) by the Bank of…
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News
South African Fintech Float Announces New Partnership With Peach Payments
Float, a South African credit card-linked instalment platform, announces its partnership with Peach Payments, a leading online payment solution provider.…
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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
EFT Corporation and Visa partner to bolster fintech growth in Africa
EFT Corporation (EFTCorp) and Visa have announced a five-year partnership to transform Africa’s digital payments landscape. This collaboration seeks to…
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Startups
3 Kenyan fintechs selected for Milken-Motsepe Prize in FinTech
Three Kenyan fintech startups have advanced to the Semifinalist Round of the Milken-Motsepe Prize in FinTech, each receiving $100,000 in…
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Startups
Many African fintechs still grappling with regulatory challenges, report
The African fintech industry has been actively involved in driving the digital transformation of the continent by presenting innovative solutions…
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BUSINESS
NCBA taps fintech firm NALA to enhance remittances to Africa
NCBA Bank has onboarded NALA Payments Limited, a Tanzanian fintech company specialising in remittance services to Africa to improve the…
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News
Unpacking The State of Fintech in Africa
The fintech sector in Africa has recorded rapid growth over the recent years to emerge as one of the most…
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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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New Appointments
Fintech firm VertoFX taps ex-JumiaPay MD as Nigeria Country Manager
VertoFX has announced the appointment of Dr. Austin Okpagu as its first Country Manager for Nigeria. The fintech firm says…
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Startups
South African fintech firm Peach Payments aquires software development firm Operativa
South African Digital payments service provider Peach Payments has acquired customer software development firm Operativa. The acquisition which was announced…
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News
Glass House PR, Fintech Association of South Africa to host the Africa Digital Finance Summit 2024
Glass House PR has partnered with the Fintech Association of South Africa (FINASA) to host the 3rd Africa Digital Finance…
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News
Fintech firm Pyypl joins forces with Visa to drive financial inclusion in Africa
Pyypl, the Middle East and Africa (MEA) fintech has announced a partnership with to issue virtual and physical Visa cards through…
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Startups
Nigerian fintech Fincra to launch EUR Virtual Account solutions
Fincra, the Nigerian fintech has announced plans to launch its latest Banking as a Service (BaaS) product, the EUR Virtual…
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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
Over 20 African fintech startups join Visa’s second accelerator program cohort
Visa has announced the startups shortlisted from across Africa to participate in the second cohort of its Africa Fintech Accelerator…
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BUSINESS
Growth opportunities for African fintech abound, especially in South Africa
The fintech landscape in Africa is experiencing a surge in growth opportunities, with South Africa emerging as a key player…
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News
South African Fintech Startup Rebrands From Moya Money to Bloo Money
Moya Money, the South African fintech startup founded in 2021 has rebranded to Bloo Money effective May 2024. The company…
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News
Rethinking Card Issuing in an Age of Fintech Disruption
Traditional banks face challenges in modernising card issuing to keep up with new competitors. Fintech disruptors and evolving consumer preferences…
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Startups
South African fintech Float secures $11 million in funding
Float, the South African fintech which offers shoppers a smarter way to use their credit cards has secured $11 million…
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Startups
Nigerian fintech Zone raises $8.5m to scale its decentralized payment infrastructure
Zone, the Nigerian payment infrastructure company has raised $8.5 million in an oversubscribed seed funding round led by VC firms…
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BUSINESS
London-based fintech Unlimit secures PSP licence to expand into Tanzania
Global fintech company Unlimit is launching its payments services in Tanzania, further expanding its presence in Africa. The firm announced…
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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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INSURANCE
Britam targets insurtech and fintech startups with new incubation programme
Britam has launched Beta Lab, a new insurance innovation and acceleration programme to nurture budding insurtech and fintech startups. The…
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News
Visa Africa Fintech Accelerator program hosts first demo day in Nairobi
Visa held its Africa Fintech Accelerator program first demo day on February 13th in Nairobi to showcase innovations from emerging…
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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 platform Alviere expands its reach to 500 million mobile wallets in Africa
Alviere, the embedded finance platform provider, has announced that Onafriq, Africa’s digital payments network, has chosen it to enable payments…
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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
FinTech startup Grey unveils new look to boost global expansion
Grey, a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans has rebranded completely with…
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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 firm Cellulant Granted Payment Licenses to Operate in Egypt
Cellulant has today announced that it has received approval from Egypt to operate as a Payment Service Provider and Payment…
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News
Cameroonian fintech Koree wins the $50k 2023 Ecobank Fintech Challenge
Koree, a fintech startup based in Cameroon, is the overall winner of the 2023 Ecobank Fintech Challenge. Koree emerged the…
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News
Zambia’s fintech Lupiya raises $8.25m Series A round to grow its neo banking business
Zambian neobank, Lupiya has secured $8.25 million in Series A seed funding round to scale its business in its home market…
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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
Mobility fintech Moove secures $76M equity, debt from Mubadala and BlackRock
Moove, the African mobility fintech has secured $76 million in new funding, consisting of $28m in equity from new and…
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News
Kenyan fintech Boya launches Virtual Visa cards for SMEs
Boya, the Kenyan fintech firm on Tuesday launched its virtual Visa expense card targeting local businesses. The card was launched…
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Startups
Visa opens applications for its Africa Fintech Accelerator Program
Payments tech company Visa has opened applications for startups to participate in the first cohort of the Visa Africa Fintech…
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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
World Bank awards 10 Southern African fintech startups $5,000 each
10 Southern African fintech startups have each received $5,000 (R94,020) from the World Bank to help bridge the gap in…
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News
Fintech startup Okoora and MAX partner to deliver comprehensive currency solutions
Swiss-Israeli fintech startup Okoora has partnered with MAX, a leading Israeli credit card company to revolutionize the field of foreign…
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Startups
$50k up for grabs in the 2023 edition of the Ecobank Fintech Challenge in Africa
Ecobank Group has opened applications for the 6th edition of its Ecobank Fintech Challenge. The application is open to fintech entrepreneurs from…
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News
More than 1500 participants to take part in the Inclusive FinTech Forum in Kigali
The Inclusive FinTech Forum is scheduled to take place in Kigali, Rwanda from the 20th to 22nd June 2023. The…
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News
Visa launches its fintech accelerator program for startups in Africa
Visa on Wednesday announced the launch of the new Africa Fintech Accelerator program for African startups. The program seeks to…
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News
[Kenya] Fintech firm LemFi picks comedian Njugush as its brand ambassador
Fintech startup LemFi (Formerly Lemonade Finance) has announced comedian Njugush as its brand ambassador after launching its services in Kenya…
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News
Uruguayan fintech firm dLocal receives regulatory approval to operate in Kenya
Uruguayan fintech dLocal on Tuesday announced that the Central Bank of Kenya (CBK) had granted it a payment service license…
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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
Fintech startup PayDay raises $3 million in seed funding
PayDay, the pan-African fintech startup has raised $3 million in seed funding. The round was led by Moniepoint Inc, with…
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News
AWS opens applications for its inaugural FinTech Africa Accelerator : How to apply
Amazon Web Services’ Startup Loft Accelerator has announced the inaugural launch of its AWS FinTech Africa Accelerator. The program is…
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News
Fintech firm NALA receives PSP license from Bank of Tanzania
NALA, the fintech firm payments company born in Tanzania has been granted a Payment Service Provider (PSP) License to operate…
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News
[Nigeria] Fintech startup OnePipe raises $4.8m to reach more SMEs
Nigerian fintech startup, OnePipe, has secured $4.8 million in debt funding from TLG Capital to drive the company’s inventory finance…
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News
African fintech Chipper Cash reportedly searching for a buyer
Nigerian remittance company Chipper Cash is reportedly considering a sale, according to a report by Bloomberg. The company, which is…
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News
Jumia Kenya CEO takes up new role at South African fintech Mukuru
Less than a year after taking over from Betty Mwangi as Jumia Kenya CEO, Juan Seco has left the company.…
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News
DTB, Mastercard to offer payments cards to fintechs in Kenya
Diamond Trust Bank (DTB) is partnering with Mastercard to provide payments cards to tech companies including fintechs in Kenya. The…
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News
Nigerian Agri-FinTech Tingo partners with Visa for secure cashless transactions
Nigerian Agri-FinTech company Tingo has partnered with Visa to launch digital payment offerings in Africa. In a statement, the companies…
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News
Kenyan fintech Power raises $3 million in seed funding
Power Financial Wellness, a Kenyan fintech startup that seeks to advance the financial well-being of its customers has secured a…
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News
Egyptian fintech MNT-Halan is Africa’s newest Unicorn after raising $400M
Egyptian fintech startup MNT-Halan has become Africa’s newest unicorn after raising $400 million in debt and equity funding, raising its…
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News
Nigerian fintech startup Trade Lenda has raised $520k in pre-seed round
Trade Lenda, a Nigerian fintech startup that helps micro, small, and informal retailers with access to financing for their business…
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News
[Kenya] Government drops fraud charges against Nigerian fintech Flutterwave
The Kenyan government has dropped charges of financial impropriety against Flutterwave Inc. This is according to a new report by…
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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
South African fintech Jumo appoints former ICT CS Joe Mucheru as president
JUMO, a South African fintech has appointed former ICT Cabinet secretary Joe Mucheru as the president. In his new role,…
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News
Kenya Fintech startup Kwara Raises $3M Seed Extension
Kenyan fintech startup Kwara has raised a $3 million seed extension. The new investment was led by existing backers DOB Equity,…
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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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