Search Results for: FINTECH
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News
Cellulant is building a single payments API for Africa’s fintech companies
Cellulant has announced plans to build an application programming interface (API) for Africa’s payments companies to solve payment problems in…
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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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News
MYDAWA leverages on fintech solution iPay to scale up service delivery
Kenya’s leading e-health platform, MYDAWA, has signed a partnership deal with iPay Limited, an innovative payment processing solution and payment…
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COLUMNS
Fintech flourishes in Uganda as regulation remains hands-off for now
Financial technology is flourishing in Uganda, thanks partly to the enormous popularity of mobile money and payment systems and partly…
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Startups
Tanzania’s startup Nala wins 2018 Ecobank Fintech Challenge
Tanzanian startup Nala is the winner of this years’ Ecobank Fintech Challenge. Nala beat ten other finalists to emerge as the…
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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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BUSINESS
Fintech may have a more profound impact on financial services in Africa
Fintech may have a more profound impact on financial services in Africa than in Europe or the US. this is…
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News
Finnovation Kenya 2018: Collaboration way forward to driving constructive economic outcomes from the FinTech ecosystem in Africa
Finnovation Kenya 2018 summit kicked off today at the Radisson Blu Nairobi, bringing together more than 200 FinTech experts to…
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Blockchain
Finnovation South Africa 2018: How FinTech is Accelerating Digital Transformation of Banking in Africa
The unique environment for financial services in Africa is fertile ground for innovative FinTech players who are capitalising on the…
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Startups
Submissions for Ecobank’s 2018 Fintech Challenge now open, targets African Startups
Ecobank has launched its 2018 Ecobank Fintech Challenge for African startups. Now in its second year, the initiative gives African…
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News
Industry Leaders Define How FinTech is Accelerating Positive Transformation of Banking in Africa
The FinTech space in Africa is witnessing rapid growth as innovative new financial services players disrupt the traditional modalities of…
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News
FinTech in South Africa: Accelerating the Digital Transformation of Banking & Financial Services
Ethico Live has announced the launch of Finnovation South Africa summit. The event will see participants from established banking powerhouses…
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News
FinTech players to gather in Nairobi for the Finnovation Africa Series summit
More than 300 participants from established banking powerhouses to FinTech start‐ups will in May gather in Nairobi for the Finnovation…
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News
Kenya’s GrassRoots Bima named among best fintech innovators in the world.
GrassRoots Bima, a Kenyan technology company has been named among the top Fintech firms in the world in 2017. The…
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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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BUSINESS
The Main FinTech Disruptors of International Money Transfers
The international money transfer market has experienced significant changes since the turn of the last century, primarily because of the…
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News
Kenyan Fintech Innovators benefit from first ever Africa Fintech Unconference
Kenyan Fintech innovators were part of the Fintech innovators from across the continent that took part at the first ever…
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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
Cellulant beats Mpesa to win Best Payments and Transfers Company Award at African FinTech 2016
Pan-African mobile commerce company Cellulant, emerged the winner of the Payments and Transfers category in this year’s African FinTech 100…
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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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Startups
Madica announces new investment in three African startups
Madica, a structured investment program designed for pre-seed stage startups in Africa has announced its first set of investments in…
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Startups
Applications for the Visa Everywhere Initiative 2024 Open
Visa has opened applications for its 2024 edition of the Visa Everywhere Initiative (VEI), a global open innovation program and…
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BUSINESS
Network International partners with Souhoola to boost BNPL in Egypt
Network International has partnered with leading fintech provider Souhoola to boost Buy-Now-Pay-Later’ (BNPL) payments in Egypt. The partnership, announced on Thursday will…
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Startups
LemFi receives regulatory approval to offer remittance services in Kenya in partnership with Wapi Pay
LemFi, the cross-border payment solution that enables the diaspora community to send and receive money back home has received approval…
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News
1Stop and Suss Ads announce new partnership
1Stop Translations and Suss Ads have partnered to offer iGaming companies entering the African markets a seamless entry into the…
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BUSINESS
MasterCard teams up with SAVA to serve African SMMEs
Mastercard and Johannesburg-based fintech company SAVA have announced a partnership to support small, medium, and micro enterprises (SMMEs) with innovative…
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News
IFC announces top 100 women-led startups in She Wins Africa Initiative
IFC has announced the names of 100 women-led startup owners selected to participate in the She Wins Africa program. She…
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News
Digital commerce in Africa to expand 25% per year by 2026
Africa has emerged as a frontier for the new online consumer class, representing an estimated 10 million new consumers in…
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News
South African climate-tech Hohm Energy secures $8m to scale adoption of rooftop solar
Amidst a growing energy crisis, South Africa finds itself in the grip of escalating power shortages, resorting to daily electricity…
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News
Moringa School partners MPesa Africa to train on Mini Applications and API Development
Moringa School, Safaricom and M-PESA Africa have partnered to provide digital API (Application Programming Interface) training and certification across Africa.…
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COLUMNS
[Mark Doumba] Kenya’s Innovation Boom: Thriving on Foreign Capital, But Can It Chart its Own Course?
As Foundry Fellows at the Legatum Center for Development and Entrepreneurship at MIT, we have the unique privilege to travel and dissect innovation and…
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News
VC firm Flourish Ventures launches African Founder Well-Being Survey
Flourish Ventures, an early-stage global fintech venture capital firm has announced the launch of a first-of-its-kind research effort named The African…
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News
Equity Bank to discontinue its EazzyBanking App in March
Equity Bank has announced that it will discontinue its EazzyBanking App, which was its pioneer mobile banking application, first unveiled…
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News
Payments firm MDP names Frank Molla as Managing Director for Africa Operations
Issuing and payment processing firm in the Middle East and Africa MDP, has appointed Frank Molla as Managing Director for…
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News
Xion Global and Callpay partner to boost web3 payment adoption in South Africa
Xion Global, a Web3 payments provider, has announced a strategic partnership with Callpay, a major player in South Africa’s payments industry.…
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News
Village Capital and Standard Chartered Bank join forces to invest in women-led startups
Village Capital has partnered with Standard Chartered Bank to pilot a financing facility to invest in the Bank’s Women in…
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News
Visa and Pesaflow partner to accelerate digital government ecosystems
Visa, a global leader in digital payments and Pesaflow, a pioneering fintech firm offering innovative digital payment solutions have partnered…
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News
Sycamore Capital exits CMA Sandbox, announces commercial launch of the Cashlet mobile savings and investments app
Sycamore Capital, a Kenyan-based fintech company, has announced its successful exit from the Capital Markets Authority (CMA) sandbox as an…
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News
Safaricom and partners launch accelerator program for local startups
Kenya’s leading telco Safaricom has launched an accelerator program targeting local startups. Known as Spark Accelerator the program aims to…
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News
Techstars and ARM Labs invest $1.4 million in 12 African startups
Techstars, one of Africa’s most active startup investors has announced the 12 startups that will take part in the second…
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News
Fuse launches $10M grant program for web3 payments innovators
Fuse Network has unveiled a $10 million grant program to support businesses by providing essential funding and infrastructure for streamlined…
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News
More than 400k locally assembled Nokia smartphones already selling in Kenya
In March this year, HMD Global, the company that owns the Nokia brand announced plans to assemble some Nokia smartphones…
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News
Improving lives with AI and digital and financial inclusion in Kenya, one smartphone at a time
Jane Omondi sells freshly cooked fish from a stand on a bustling roadside in Utawala, a low- to medium-income neighbourhood…
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Startups
Norrsken22’s tech growth fund closes at $205m to back African tech startups
Pan-African venture capital firm Norrsken22 has closed its first African technology growth fund at $205m, surpassing its target of $200m. …
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News
VICTOR BASTA: The most valuable ‘white spaces’ today in African investing
In the vast and diverse landscape of African growth investing, more opportunities abound today than ever before. Africa’s recent growth…
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News
Chenosis partners with Botlhale AI to bridge language gaps in African businesses
Pan-African Accelerator Platform Chenosis has partnered with Botlhale AI Solutions to remove language as a barrier when it comes to…
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News
Nigeria’s Agritech ThriveAgric to provide 125,000 smallholder farmers with access to financial inclusion services
Nigeria’s agritech startup ThriveAgric has launched a new project to empower 125,000 smallholder farmers with financial inclusion access. Know as…
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News
TechCabal’s Inaugural Moonshot Conference brings Africa’s tech ecosystem to Lagos, Nigeria
African tech leaders and investors are set to gather in Lagos, Nigeria this October for TechCabal’s inaugural Moonshot Conference. They…
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News
Financial Literacy Among Kenyan Gen Z and Millennials Could Lead to More Growth in Online Trading
In a previous article, we featured an interview with Eva Ngigi-Sarwari, Visa’s acting General Manager and Country Manager for Kenya,…
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News
Microsoft and M-PESA Africa partner to develop digital skills for MSMEs
Microsoft is partnering with M-PESA Africa to support its Capability Development Academy. Microsoft will provide access to the Microsoft Community…
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News
Lipa Later closes $5M debt raise, targets to raise an additional $20M
Kenyan fintech Lipa Later on Wednesday announced a successful closure of a $5M (KES 500 million) privately placed Debt issuance. …
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News
Here are the 12 African startups selected for Microsoft-backed FAST Accelerator AI program
Data and AI technology company Flapmax has announced the twelve startups selected for the second cohort of the FAST Accelerator…
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News
AWS to host masterclass sessions at Africa Money and DeFi Summit in Ghana
Amazon Web Services (AWS) will host an engaging masterclass at the Africa Money and DeFi Summit set to be hosted…
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News
Kenyan insurtech Turaco acquires Ghana’s MicroEnsure to deepen affordable insurance coverage across Africa
Turaco, the Kenyan insurtech startup offering affordable insurance to users has acquired MicroEnsure Ghana from MIC Global. Under the deal,…
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News
Why Launch of M-PESA Ethiopia is set to ignite a financial revolution in one of Africa’s biggest economy
A recent report by the GSMA dubbed State of the Industry Report on Mobile Money 2023 underscores how mobile money…
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News
Lipa Later gears up for public fundraising in the US as it seeks to raise more funding
After raising KES 500 million ($5 million) in a privately placed debt issuance earlier this week, Lipa Later has revealed…
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News
Catalyst Fund marks its first close to back climate tech startups in Africa
The Catalyst Fund has reached the first close of its targeted $40 million fund to invest in climate tech startups…
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News
[Kenya] Visa working with local banks to roll out Tap To Pay payment services
Tap To Pay is a concept that Kenyans have not really been accustomed to. As much as customers are gradually…
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News
BREAKING: Cellulant to lay off 20% of its workforce
Cellulant, the Kenyan-based payments firm is laying off 20% of its workforce. The restructuring exercise the fintech says is expected…
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News
Eric Jackson takes over as new Hisa CEO
Kenyan fintech Hisa has announced the appointment of Eric Jackson as its new Chief Executive Officer (CEO). Jackson takes over from…
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News
[Nigeria] Prembly acquires data sharing firm Tunnel
Prembly, which bills itself as a leading compliance and security infrastructure company in Africa has announced its acquisition of secure…
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News
QED Investors lead $12 million investment in Nigeria’s healthtech startup Remedial Health
Across Africa, 85 percent of retail medicine purchases happen at micro-enterprises, typically neighbourhood pharmacies and) and Proprietary Patent Medicine Vendors…
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News
Safaricom’s interest-free M-Pesa credit service goes live
Safaricom has finally rolled out Faraja, the interest-free service targeting customers who purchase goods via Lipa Na M-pesa. Faraja will…
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News
Smile ID H1 2023 Africa KYC Report Highlights Identity Fraud Trends and Verification Insights
Smile ID (formerly Smile Identity), the leading identity verification and digital Know Your Customer (KYC) provider in Africa, has unveiled…
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News
Applications for cohort 4 of the ASIP accelerator program open
Startupbootcamp AfriTech has opened applications for Cohort 4 of its ASIP accelerator program. Targeting early-stage startups in Africa, the ASIP Program…
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News
Flutterwave addresses Payment Challenges for African Students in Overseas Schools with new payments product
African payments to overseas schools have been hindered by a myriad of challenges. From the high cost of transactions, limited…
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News
Risana Zitha: B2B payments set to be the next focus for VC’s in Africa
Africa’s $1.5 trillion B2B payments market is ripe for innovation and represents a golden opportunity for investors and entrepreneurs looking to…
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News
Influencer Marketing Platform Aifluence wins of the Visa Everywhere Initiative Kenya Finals
AIfluence, the Kenyan AI-driven Influencer Marketing Platform has been named the winner of the Kenya edition of the 2023 Visa…
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News
Mobility financing startup Moove raises $8 million financing from Absa Bank
Moove, the mobility fintech startups has secured USD $8mn in financing from Absa Corporate and Investment Banking (CIB), bringing its total funding…
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News
Seedstars new program seeks to boost financial inclusion for women migrants
Seedstars, the global startup community and investment platform a new program to support fintech companies focused on promoting financial inclusion…
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News
Here are the five startups pitching at the 2023 Visa Everywhere Initiative Kenya edition
Payments firm Visa has unveiled the five finalists shortlisted for the final round of the 2023 Visa Everywhere Initiative (VEI).…
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News
Hillary Namunyu: How nongreen companies can apply ClimaTech solutions
This year has seen green-focused startups in Africa get more VC funding compared to other years as the world works towards reducing…
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News
15 Women-led startups selected to join Cohort 6 of Standard Chartered’s Women in Tech program
Standard Chartered Kenya in partnership with @iBizAfrica- Strathmore University has announced the fifteen women-led startups that will be joining the…
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News
5 Kenyan startups among the 25 selected to receive $4M Google for Startups’ Black Founders Fund
Five Kenyan startups are among the twenty-five from across Africa that have been selected for this year’s $ 4 Google…
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BUSINESS
#Budget2023KE: Government to allocate a further Ksh.10 billion to the Hustler Fund
The Government has revealed plans to allocate a further Ksh.10 billion to the Hustler Fund. The digital financial initiative was…
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News
Nigeria health-tech Helium Health raises $30m Series-B funding
Helium Health, the Lagos-based health tech firm Helium has raised $30 million in Series-B funding The funding round was led…
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Interviews
[Interview] Youverify’s Dimitri Kanellopolus on the firm’s expansion to Kenya and the state of regtech in Africa
The last couple of years have seen a number of African countries start to adopt regulation technology – what has…
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Startups
Regional winners of the Global Startup Awards Africa announced
Seventy-one startups from across Africa have been named regional winners at this year’s Global Startup Awards (GSA) Africa – the largest, independent startup ecosystem competition…
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Blockchain
Yellow Card and Tether Join Forces to Drive Stablecoin Adoption in Africa
Pan-African fintech and cryptocurrency exchange Yellow Card and Tether, the stablecoin provider have completed Phase 1 of their strategic collaboration…
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News
Digital payments firm DPO Pay announces new leadership appointments
African digital payments company DPO Pay has announced the appointment of Isabella Marira as Group Head of Operations. The firm…
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News
African Climate Tech Startup Amini Raises $2 million
Amini, an early-stage company focused on solving Africa’s environmental data gap through Artificial Intelligence and satellite technology, has raised $2M…
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News
Equity records a 23.3% increase in digital transactions to Ksh. 2,288.8 billion
Equity Group released its Q1 2023 results on Tuesday reporting a 23.3% increase in digital transactions to Ksh. 2,288.8 billion…
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News
Egypt-based VC DisrupTech Raises $5 Million Investment From Proparco
Proparco, a subsidiary of the AFD Group focusing on private sector development, has announced an investment in an early-stage venture…
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News
PATRICK NDEGWA: Kenya’s startup ecosystem is set for growth in 2023 and beyond
Kenya is a hub for entrepreneurship and startup development in East Africa, with a growing ecosystem of innovative businesses and…
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News
M-KOPA raises $250M in debt, equity to scale its asset finance platform across Africa
Asset financing platform M-Kopa has raised $250m in new funding to expand its services across Sub-Saharan Africa. The funding includes…
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News
B2B E-commerce startup Wasoko to invest over $1 million in Zambia
Wasoko has revealed plans to invest over $1 million in Zambia. The B2B retail and e-commerce made this announcement even…
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Apps
Africa had more than 270 million mobile apps users as of December 2022
As of December 2022, the total number of monthly active users of mobile apps in Africa exceeded 270 million, a…
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News
Ecobank Kenya takes on NCBA LOOP with new Fingo Africa app
According to a report by Mastercard and International Finance Corporation (IFC), released back in 2018, young Africans are less likely…
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News
Smile Identity acquires Inclusive Innovations in its Africa expansion drive
Pan-African cyber security company Smile Identity has announced the acquisition of Inclusive Innovations, the parent comp of Appruve, a company…
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News
Payday re-launches in Rwanda, partners with Starlink to enable internet access
Pan-African payments startup PayDay has re-launched in Rwanda and announced a partnership that will enable Startlink customers to purchase their…
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News
42Markets raises $10 million from Convergence Partners
42Markets Group, the financial and capital markets fintech investment group, has secured $10 million from Convergence Partners, to grow and…
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News
Flutterwave selects Nairobi, Kenya as its regional headquarters for East Africa
Flutterwave, the African fintech firm is setting up its regional headquarter for East Africa in Nairobi Kenya. This announcement was…
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News
Visa Everywhere Initiative 2023 applications open in Kenya
Payments firm Visa has opened applications for the 2023 edition of the Visa Everywhere Initiative (VEI). The global open innovation…
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News
Jumia Kenya appoints new CEO
Jumia on Wednesday announced the appointment of Charles Ballard as the new CEO of Jumia Kenya, effective from March. Charles takes…
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News
20th edition of East Africa Com tech event to be hosted in Nairobi
East Africa’s premier technology, telecommunication, media, and broadcasting event East Africa Com will return to Nairobi on 25-26 April after a…
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News
Google takes down hundreds of Kenyan loan apps from Play Store
Google has removed hundreds of Kenyan-focused loan apps from Play Store, in compliance with the new digital lenders policy which…
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BUSINESS
M-PESA Africa opens a $2 Million in Shared Service Operations Centre in Nairobi
M-Pesa Africa on Wednesday launched a Shared Service Operations Centre (SSOC) in Nairobi to oversee service operations and technical support.…
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News
Kenyan startup ecosystem has a significant competitive edge globally, report
A comprehensive, in-depth report funded by the UK government has given Kenya’s startup ecosystem a thumbs up, noting that it…
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News
Flutterwave Secures Two Additional Licenses to Operate in Rwanda
Nigerian remittance company Flutterwave has announced that it has received its Electronic Money Issuer and Remittance Licenses from the National…
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