Search Results for: fintech
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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.…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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,…
Read More » -
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,…
Read More » -
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…
Read More » -
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…
Read More » -
News
Fintech is the most vibrant sector in the Kenyan startup landscape, report
A report released by pan-African publication and research firm Disrupt Africa has pointed out fintech as the most vibrant subsector…
Read More » -
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…
Read More » -
News
Nigerian fintech Chipper Cash is the latest company to conduct massive layoffs
Nigerian cross-border payments startup Chipper Cash has laid off nearly 13% of its workforce, reports indicate. Many employees from various…
Read More » -
News
Asset Recovery Agency drops fraud charges against Nigerian fintech Kora
Kenya’s Asset Recovery Agency (ARA) has dropped fraud charges against Nigerian fintech Kora. The startup was in July accused of…
Read More » -
News
Fintech startup Hisa unveils real-time online stocks trading platform
Fintech startup Hisa has launched an application that allows Kenyans to invest in the stock market directly from their phones…
Read More » -
News
Nigerian Fintech Kuda Wants To Make Remittance From UK To Africa Cheaper
As remittances to Africa increase, several firms are finding ways to make it easier, cheaper and more convenient to send…
Read More » -
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…
Read More » -
News
Quona Capital to invest $332M in fintech startups from emerging markets focusing on financial inclusion
Emerging markets venture capital firm Quona Capital today announced the final close of $332 million for its Fund III, significantly exceeding…
Read More » -
News
Fintech firm MFS Africa granted payments licenses to operate in Uganda
Financial services provider MFS Africa has been granted licenses to operate in Uganda as a PSP (Payment Service Provider), PSO…
Read More » -
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…
Read More » -
News
15 Fintech startups selected for CATAPULT: Inclusion Africa 2022 program announced
LHoFT has announced the 15 fintech startups that have been selected to participate in the fifth edition of the CATAPULT: Inclusion…
Read More » -
News
South African fintech JUMO launches Vela asset management engine
South African fintech JUMO has launched Vela, an asset management engine built to give investors access to real social impact…
Read More » -
Startups
HAVAÍC completes its third investment in Kenyan FinTech Tanda
Cape Town-headquartered venture capital (VC) firm HAVAÍC has completed its third investment in Kenyan FinTech Tanda. The investment from the…
Read More » -
Startups
Brazilian fintech unicorn EBANX sets shop in Africa
Brazilian fintech unicorn EBANX is set to launch its operations in Africa as it seeks to expand its business outside…
Read More » -
News
Nigerian fintech Kippa has raised $8.4 million seed round
Nigerian fintech startup Kippa has raised $8.4 million in an oversubscribed seed round. This round of funding was led by…
Read More » -
Startups
Nigerian fintech startup NowNow raises $13 million for expansion across Africa
Nigerian fintech startup NowNow Digital Systems has raised $13M seed round for expansion across Africa. The company was founded in…
Read More » -
Startups
Kenya’s Fintech Pezesha Has Raised $11 Million to Expand Across Africa
Pezesha, a Kenyan fintech that has built a platform where small and medium enterprises can access funding has raised $11…
Read More » -
Startups
Nigerian fintech Grey raises $2M to simplify cross-border payments across Africa
Grey, a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans, has raised $2 million…
Read More » -
News
Ecobank Opens Applications for its 2022 Fintech Challenge for African Startups
Ecobank Group has launched the fifth edition of the Ecobank Fintech Challenge targeting African fintech startups. Selected startups stand a…
Read More » -
News
American fintech UMBA acquires majority stake in Kenya’s Daraja Microfinance
UMBA, a U.S-based fintech whose investments spread to emerging markets has acquired a majority stake in Daraja, a Kenyan deposit-taking…
Read More » -
News
Tanzania’s fintech NALA enters Kenya, inks diaspora remittance deal with Equity Bank
Tanzania-based fintech startup NALA has partnered with Equity Bank Kenya for diaspora remittance. This partnership will allow Kenyans living in…
Read More » -
News
Fintechs are set to transform cross-border payments in Africa, says Ukheshe Technologies
For centuries people have crossed borders to live, work, and trade. While cross-border payment systems are crucial for financial inclusion…
Read More » -
News
Nigerian fintech startup founders jailed in the United States for money laundering
Nigerian-born, US-based founders of a money-remittance fintech Ping Express have been handed a 27-month sentence in the United States after…
Read More » -
News
Kenyan fintech Kyanda takes its one-stop financial solutions to South Africa
Kyanda, a Kenyan fintech that facilitates payment of utilities and money transfers via an easy-to-use app has branched its operations…
Read More » -
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…
Read More » -
BUSINESS
Fintech Company WorldRemit Ranks Kenya Among its Top 3 Markets In Africa
WorldRemit, a global money transfer company with a presence in over 130 countries has placed Kenya among its top 3…
Read More » -
News
Nigerian fintech firm VeendHQ secures $330k pre-seed investment
Nigerian fintech firm VeendHQ has secured $330k pre-seed funding to expand its operations. Magic Fund, The Oak Capital, Future Africa, Berrywood…
Read More » -
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.…
Read More » -
News
MFS Africa acquires US-based fintech Global Technology Partners
Digital payments network MFS Africa has announced it has reached an agreement to buy US-based tech company Global Technology Partners…
Read More » -
News
Ugandan fintech startup Eversend rebrands, announces new features
Eversend, a Ugandan fintech startup providing cross-border money transfers for Africans and Africans in the diaspora has rebranded. The startup…
Read More » -
News
World Bank and PFG To Provide $30 million for Fintechs in Emerging Markets
The World Bank, through its global development institution the International Finance Corporation(IFC) and US-Based fund manager Partners for Growth (PFG)…
Read More » -
Startups
Nigerian fintech startup Grey expands to Kenya to enable freelancers send and receive money from abroad
Over the last few years, there have been conversations around PayPal being unfriendly to its users, mainly freelancers in Africa.…
Read More » -
Startups
This Nigerian fintech is simplifying banking for immigrants
Nigerian fintech startup Vesti is changing the way immigrants access banking services around the world. The company launched by two…
Read More » -
News
Kenyan fintech Bamba raises $3.2m seed funding to scale
Kenyan fintech startup Bamba has secured $3.2m in seed funding to scale its app and build out its team. Venture capital…
Read More » -
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…
Read More » -
Startups
Egyptian Fintech Paymob raises $50M in Series B funding
The continued attention on African fintech startups is attracting unprecedented attention and investments from high-ranking venture capitalists. The latest such…
Read More » -
Startups
SA Remittance Fintech Mama Money Aims to offer Lowest Transfer Charges
Fintech startups in Africa are doing a spectacular job at revolutionizing remittances, accessibility, saving, and the whole culture surrounding finances.…
Read More » -
News
Tanzania’s fintech NALA partners with Cellulant for diaspora remittance
Tanzania-based fintech startup NALA has partnered with Pan-African payments company, Cellulant to power payments from the United Kingdom and the…
Read More » -
News
Visa’s innovation studio in Kenya to offer virtual cards for local banks and fintechs
A couple of weeks ago, digital payments leader Visa opened its first African Innovation Studio in Kenya. The new studio…
Read More » -
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…
Read More » -
News
BFA Global and FSD Africa launch a $3.3m fintech venture launcher for climate resilience in Africa
BFA Global and FSD Africa have unveiled a new venture launcher to support entrepreneurs in the fintech for climate resilience…
Read More » -
News
Infinix enters the fintech space, launches a digital wallet
Mobile device manufacturer Infinix has launched a digital wallet to be integrated into its devices. Known as the Infinix Wallet,…
Read More » -
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,…
Read More » -
News
TULLAH STEPHEN: Influencer marketing can unlock opportunities for fintechs
The global fintech market is valued at close to USD 7300 billion and is projected to grow at an annual…
Read More » -
News
Payment service provider i2c partners with Visa for fintech processing in the MENA region
US-based payment service provider i2c Inc has announced a new partnership with Visa as a fintech processor in the MENA…
Read More » -
BUSINESS
Fintech firm DPO Group announces new pan-African partnerships
Payment service provider DPO Group has announced three new partnerships with companies in the digital payments sector including Mastercard. The…
Read More » -
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…
Read More » -
Startups
10 African Fintech Startups Selected for CATAPULT: Inclusion Africa Special Dubai Edition
The LHoFT Foundation has announced the 10 African fintech startups that will take part in the special edition of CATAPULT:…
Read More » -
Startups
Luno launches investment arm to support fintech and crypto startups
Cryptocurrency exchange platform Luno, a subsidiary of Digital Currency Group (“DCG”), today announced the launch of Luno Expeditions, an early-stage…
Read More » -
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. …
Read More » -
Startups
Bank of Ghana Suspends Fintech Operator Dash
The Bank of Ghana(BoG) has ordered Dash, one of the country’s leading fintech operators to immediately cease offering a number…
Read More » -
Startups
South African fintechs Payflex and Merchant Capital launch cash advance solution for small retailers
Two South African fintechs, alternative lender Merchant Capital and buy-now-pay-later (BNPL) specialist Payflex, have launched a cash advance solution for small…
Read More » -
Startups
3 Kenyan startups selected for Catalyst Fund fintech accelerator
Three Kenyan startups are among the six selected to join the tenth cohort of the Catalyst Fund fintech accelerator. The…
Read More » -
Startups
African fintech Flutterwave rebrands, introduces new products and services
African fintech startup Flutterwave has unveiled a significant re-brand and identity at Flutterwave 3.0, a virtual event held on Friday, 18th February…
Read More » -
Startups
[African Startup Review] Pie Kamau: Nigerian fintech Flutterwave is now Africa’s highest valued Unicorn
As the African fintech space continues to bloom, so does the funding. Flutterwave, the San Francisco-headquartered and Lagos-based company that…
Read More » -
COLUMNS
The biggest fintech trends changing the face of payments in emerging markets
Last year saw an unprecedented rate of change in the financial sector, with huge growth in the use of digital…
Read More » -
Startups
African fintech Flutterwave valuation rises to over $3B after $250M Series D funding
African fintech firm Flutterwave has tripled its valuation to over $3 billion after raising $250 million in Series D funding.…
Read More » -
Startups
African fintech mobility startup Moove raises $10 million financing from NBK Capital Partners
African fintech mobility startup Moove has closed a US$10 million financing facility from NBK Capital Partners. Moove is Uber’s exclusive…
Read More » -
Startups
South African fintech startup CompariSure raises $980k pre-Series A funding for expansion
South African fintech startup CompariSure has raised $980,000 in pre-Series A funding round for expansion in the South African market.…
Read More » -
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…
Read More » -
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…
Read More » -
BUSINESS
Riding-hailing platform MARAMOJA opens its API to Fintechs and Insurtechs in Kenya
Kenya’s Riding-hailing Platform, MARAMOJA Transport has opened its API to local fintechs and Insurtechs. Through a new partnership with Switchlink…
Read More » -
Startups
Egyptian fintech startups called to apply for Orange Ventures seed challenge
Orange Ventures has opened applications for its Seed Challenge that will see the VC form award one fintech startup from…
Read More » -
News
Kenyan fintech startup Alvin raises $740,000 pre-seed funding
Kenyan fintech startup Alvin has raised a $740,000 pre-seed funding round led by Nigerian venture capital firm, Ingressive Capital. Other…
Read More » -
News
Irish fintech Pipit Global and Cellulant extend partnership to 12 new African markets
International cash payments platform Pipit Global and Cellulant have extended their partnership agreement to now include eighteen countries in Sub-Saharan…
Read More » -
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…
Read More » -
News
FSD Africa announces a £3m investment in Kenyan fintech firm MFact
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has today announced a £3m investment in Kenyan fintech firm…
Read More » -
Startups
Fintech startup Tanda inks deal with Twiga Foods to enable vendors vend its digital financial services
Kenya’s fintech startup Tanda has today announced a new partnership with Twiga Foods that will see Twiga vendors become a…
Read More » -
COLUMNS
LEON KIPTUM: Kenya’s economy could benefit from fintech growth and innovation
Financial technology (Fintech) has been a key driver of growth in the financial services sector in the face of the…
Read More » -
Startups
Egyptian fintech startup KlickIt raises undisclosed amoung of funding
Egyptian fees management and digital collection platform, KlickIt, has announced the closing of its first investment round to further develop…
Read More » -
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.…
Read More » -
Startups
South Africa’s fintech firm Ozow raises $48 million Series B round
South African fintech firm Ozow has raised a US$48 million Series B funding round led by Chinese internet giant Tencent. …
Read More »