Search Results for: fintech
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News
Nigerian Fintech Gigbanc Winds Down Operations
Nigerian fintech startup Gigbanc has announced it is winding down operations, becoming the latest casualty of the funding downturn affecting…
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News
Britam Expands BetaLab as It Backs the Next Wave of Fintech
Britam BetaLab is moving beyond startup incubation into venture investing, with the insurer planning to deploy up to Sh1.9 billion…
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COLUMNS
Dennis Waweru | Kenya’s Gaming Regulation Reset: What It Means for Fintech and Digital Payments in Africa
Across Africa’s digital economy, regulation is beginning to catch up with innovation. Kenya’s gaming and betting industry is now at…
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News
The Battle to Control Africa’s Money: Mpesa Vs Banks Vs Fintech’s
Africa’s biggest battle is no longer taking place inside banks’ boardrooms or startup incubators; it’s unfolding every time one sends…
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News
Ripple Acquires Stake in Nigerian Fintech Flutterwave Valuing Company at $3.2bn
Flutterwave has secured a strategic investment from Ripple as part of its Series E fundraising round, in a deal that…
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News
MTN Hands MoMo Upgrade to Ant International as Fintech Push Deepens
MTN Group is preparing a major upgrade of its mobile money business through a partnership with Ant International, a move…
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News
A Banking Award for Co-op, a Fintech Prize for Ziidi Trader, and a Bigger Story Behind Both
Recognition for Co-operative Bank of Kenya and the M-Pesa-powered investment platform Ziidi Trader at this year’s African Banker Awards has…
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News
Kenya’s Digital Investment Market Expands After CMA Clears Two Fintech Platforms
Kenya’s capital markets regulator has approved two fintech firms to operate digital investment access platforms, widening the reach of regulated…
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News
Kenya’s Push for More Tax Revenue Reaches Card Payments and Fintech Fees
Proposed tax measures contained in Kenya’s Finance Bill 2026 may increase the cost of handling digital transactions as authorities widen…
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News
Vodacom Expands Earnings Base Through Fintech and Regional Operations
Vodacom reported stronger full-year earnings after growth from digital financial services and operations across multiple African markets lifted overall performance.…
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News
Uganda Fintech MAM Telecom Builds Out Payment Infrastructure Stack as It Eyes East African Expansion
Ugandan fintech infrastructure startup MAM Telecom Ltd is advancing a payment and settlement stack aimed at structural inefficiencies in Uganda’s…
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News
OPay’s US IPO Push Puts Nigeria’s Fintech Boom Back in Focus
OPay is preparing for a public listing in the United States, with the Nigerian payments company seeking a valuation of…
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News
Visa Showcases 18 High-Potential African Fintech Startups at GITEX Africa Demo Day
Visa has spotlighted 18 promising fintech startups from 10 African countries during its Cohort 5 Demo Day, held at GITEX…
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News
Africans Are Finding Their Way Into Global Markets Through Fintech
African consumers have for years participated in the global economy without sharing in its returns. The services are familiar, the…
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News
Safaricom’s FinTech 2.0 Buildout Pulls Developers Into the Core
Safaricom PLC has outlined a deeper push into platform infrastructure with its FinTech 2.0 strategy, positioning its systems as a…
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COLUMNS
Sam Malonza | Why Trust Is Becoming Kenyan Fintech’s Most Important Currency
Kenya’s fintech sector is entering a more demanding chapter and the issue defining it is no longer simply innovation, speed…
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News
How Telecoms and Fintechs are Redrawing Africa’s Financial Map
In Africa, banks have long controlled the financial system, dictating how money is stored, moved, and accessed. Today, that power…
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News
Investors Turn to Kenya’s Expanding Fintech Market
“All M-Pesas are born here,” said John Wenwa, who leads Invest Kenya and is overseeing this year’s Kenya International Investment…
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News
Western Union Expands Digital Remittance Access in South Africa Through Sasai Fintech Partnership
Western Union and Sasai Fintech, a subsidiary of Cassava Technologies, have launched a new international money transfer mobile application designed…
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News
Safaricom’s Ziidi Platform Wins Global Fintech Award at MWC 2026
Safaricom’s Ziidi Money Market Fund has won the Best Fintech and Digital Commerce Innovation Award at the Global Mobile Awards…
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News
The Central Bank’s Law Review Puts Kenya’s Fintech Oversight Framework Under Strain
The CBK law review has arrived at an awkward moment for Kenya’s financial system. The Central Bank of Kenya is…
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News
Kenya’s Crypto Regulation Faces Pressure as Investors Eye $47bn African Fintech Forecast
Kenya’s crypto regulation has reached an inflection point. For years, digital assets sat in an ambiguous corner of the financial…
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TRENDING
Settlement Risk and Fragmented Liquidity Define the Next Challenge Facing African Fintech Markets
At the DeFi Summit during the just-concluded Africa Tech Summit, the VALR Stage was primed for another crypto pitch. Instead,…
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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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