Search Results for: FINTECH
-
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…
Read More » -
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.…
Read More » -
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…
Read More » -
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…
Read More » -
BUSINESS
Fin acquires Thuthukani and integrates it as Fin Home Loans in South Africa
Fintech firm Fin has announced that it has completed the acquisition of South African housing finance provider Thuthukani Housing Finance…
Read More » -
News
ARM Labs Lagos Techstars Accelerator Concludes Inaugural Program with Demo Day
Techstars, in partnership with Lagos-based innovation program ARM Labs, marked the completion of its inaugural ARM Labs Lagos Techstars Accelerator…
Read More » -
News
Nairobi County Partners With Safaricom to Revamp Revenue Collection
Successive Nairobi county governments have grappled with inefficient revenue collection systems since the devolved units came into operation. Every Governor…
Read More » -
News
PesaPal to accept Airtel Money payments in Uganda
Nairobi-based fintech company PesaPal has partnered with Airtel Mobile Commerce Uganda Limited (AMCUL) and PesaPal Uganda to provide payment solutions…
Read More » -
News
Flutterwave reportedly lost $4 million to hackers in early February
Nigerian fintech Flutterwave has reportedly lost $4 million to hackers who penetrated the company’s systems in early February. The money…
Read More » -
BUSINESS
6 Banks sign up to Safaricom’s SIM-swap check anti-fraud solution
Safaricom has announced that it has signed up 6 banks to its SIM-Swap-Check Anti-fraud solution. The solution provides banks with…
Read More » -
News
Empowering African SMEs: Cladfy’s innovative approach to accessing capital
Sub-Saharan Africa is currently home to 44 million micro, small, and medium-sized enterprises (SMEs). All of which serve as a…
Read More » -
News
Kenya’s alphabloQ is helping more Africans secure their future through real estate investments
Following the impact of the Covid-19 pandemic, economic uncertainty heightened when global stocks and bonds lost more than $30 trillion…
Read More » -
News
Tala loan disbursement hit Sh240 billion in eight years
Tala, one of Kenya’s most popular digital credit providers has revealed that it disbursed 3.5 million loans worth Sh240 billion…
Read More » -
BUSINESS
M-PESA partners with Amazon in rush for the global remittance market
M-Pesa, Safaricom’s highly-regarded mobile money remittance service has signed a new strategic partnership with American e-commerce giant Amazon to provide…
Read More » -
News
Chipper Cash reportedly lays off more than 100 employees
After laying off 13% of its workforce in December last year, cross-border payments startup Chipper Cash is reportedly sending more…
Read More » -
News
Pan-African cyber security firm Smile Identity raises $20m Series B
Smile Identity, a South African company that offers identity verification and Know Your Customer (KYC) services has raised $20 million…
Read More » -
News
Lami joins forces with Unchorlight Kenya to provide insurance covers for Boda Boda riders
Digital insurance provider Lami Technologies is partnering with Unchorlight Kenya (UNK), to provide boda boda riders in the country with…
Read More » -
News
How Technology is Shaping the Business Environment
The COVID-19 pandemic forever changed the way we do business across all sectors of the economy. The disruption caused a…
Read More » -
News
Flutterwave obtains license to operate in Egypt
Flutterwave, the Nigerian fintech company has obtained licenses to operate in Egypt as a payment service provider. This allows the…
Read More » -
News
Saudi Arabia-based HR tech platform, Palm.hr raises $5 million to expand across MENA
Palm.hr, a Saudi Arabian HR firm that automates payroll, tracks leaves and absences and monitors employee performance has secured $5…
Read More » -
News
Nigerian digital bank Umba launches its operations in Kenya
Umba, a pan-African digital bank that acquired Kenya’s Daraja Microfinance Bank last year has officially launched its operations in the…
Read More » -
News
Two Kenyan startups among 12 selected for ARM Labs Techstars Accelerator
Two Kenyan startups, Cladfy and alphabloQ have been selected to join the inaugural class of ARM Labs Techstars Accelerator, a…
Read More » -
Startups
11 Startups Selected to Join Cohort 3 of ASIP Accelerator Program
Eleven African startups have been selected to join the third cohort of the Africa Startup Initiative Program (ASIP). The accelerator…
Read More » -
News
Bolt is Pioneering Ride-Now Pay-Later Services in Nigeria
Ride-hailing company Bolt has partnered with Nigerian fintech CredPal to introduce ride-now pay-later services to its customers. CredPal is a…
Read More » -
News
Kenyan fintech Kwara acquires software company IRNET from KUSCCO for an undisclosed sum
Kenyan fintech firm Kwara has acquired IRNET, a software company which is a subsidiary of the Kenya Union of Savings…
Read More » -
News
Safaricom introduces M-Pesa ‘store number’ for easier verification during cash withdrawals
A common challenge that customers face when making cash withdrawals from M-Pesa agents is entering the wrong agent number from…
Read More » -
News
Nigeria is working on a law recognizing cryptocurrency as legal tender
Nigeria’s House of Representatives is working on a law that may soon recognize cryptocurrency as legal tender, alongside other forms…
Read More » -
COLUMNS
Chris Akolo: Why online fraud is high during festive seasons and how to prevent it
Kenyan consumers have expressed a strong desire to buy more discretionary products during the festive season while coming out of…
Read More » -
Startups
VC fund Ventures Platform closes its pan-African and early-stage fund at $46M
Ventures Platform, a pan-African early-stage Venture Capital firm has today announced the final close of its intercontinental fund, at $46M. …
Read More » -
News
Visa to accelerate Africa’s digital transformation with $1 billion investment
Global payments company Visa has pledged to invest $1 billion in Africa to accelerate digital transformation over the next five…
Read More » -
News
Africa’s Mobility Financing Startup Moove Raises $30 Million
African mobility fintech startup Moove has raised $30 million just a few months after raising $18.4 million to scale its…
Read More » -
News
IDORENYIN OBONG: Five financial planning tips for African freelancers and gig workers
The global pandemic has accelerated the pace of change, causing significant disruption across labour markets and forever changing how we…
Read More » -
Startups
Nigeria’s ThriveAgric crowned winner of Visa Everywhere Initiative
ThriveAgric, a Nigerian startup that champions technology to transform the payments landscape for smallholder farmers, was crowned winner of the…
Read More » -
News
Evolution of the microfinance sector in Kenya: How Kenyan online businesses can thrive
According to a McKinsey report, African financial services are now undergoing a structural shift. About 10 percent of all transactions…
Read More » -
News
Lipa Later acquires SkyGarden for an undisclosed sum
SkyGarden, the e-commerce platform has been acquired by Buy Now Pay Later (BNPL) Lipa Later for an undisclosed sum. Lipa…
Read More » -
News
Lipa Later to acquire popular e-commerce Startup Sky.Garden
Buy Now Pay Later (BNLP) company Lipa Later is acquiring troubled Kenyan e-commerce startup Sky.Garden. This comes about three weeks…
Read More » -
News
Copia Global and Cellulant have partnered to help diaspora customers pay for services
Copia Global has partnered with pan-African payment technology company Cellulant to make it easier for its customers in the diaspora…
Read More » -
News
Nigerian food-tech Orda raises $3.4 million seed round to digitize African restaurants
Nigerian food-tech platform Orda announced has raised a $3.4 million seed round to further digitize food businesses across the continent.…
Read More » -
News
Kenyan Supply Chain and Logistics Startup Leta Secures $3M Funding
Kenyan supply chain and logistics startup Leta has secured a $3M pre-seed equity round led by 4Di Capital, Chandaria Capital,…
Read More » -
News
Online fraudsters using sophisticated software to access digital loans, JuicyScore
Cases of fraudsters illegally accessing digital loans from fintech platforms in Africa have been on the rise over the last…
Read More » -
Blockchain
Crypto regulation in Africa: What Good Regulation Looks Like
Millions of investors have been drawn to cryptocurrency by the prospect of rising prices. To this end, a growing number…
Read More » -
Startups
Nigeria’s Payhippo acquires Maritime Microfinance Bank to expand its customer offerings
Payhippo, a fintech that offers credit facilities to SMEs in Nigeria has acquired Maritime Microfinance Bank (MFB). MFB is a…
Read More » -
News
Mastercard and Cellulant announce digital commerce payments partnership
Mastercard and Cellulant have partnered to allow Cellulant customers across Africa to shop and pay online with global merchants wherever…
Read More » -
News
Flourish Ventures launches Madica, an Africa-focused program to invest in pre-seed stage startups
Flourish Ventures, a global fintech venture capital firm has launched Madica, an investment program for pre-seed stage technology startups in…
Read More » -
News
StanChart’s Solv Kenya Launches Credit Platform for Kenyan MSMEs
Solv Kenya, a B2B platform owned by Standard Chartered bank has officially launched in Kenya, aiming to make an impact…
Read More » -
News
Flutterwave Appoints Former JP Morgan Chase Executive as Senior Advisor
Nigerian money transfer company Flutterwave has appointed Marshall Lux as a senior advisor. Marshall is a former Chief Risk Officer…
Read More » -
News
Mastercard to bring crypto trading capabilities to banks
Mastercard has introduced a new program to enable financial institutions to bring secure crypto trading capabilities and services to their…
Read More » -
News
KCB and TerraPay partner to enhance cross-border remittances
KCB Bank Kenya customers will now be able to seamlessly receive funds from the diaspora to their accounts in Kenya,…
Read More » -
Startups
Auto Financing startup Moove raises £15 million financing to scale UK operations
Moove, a mobility fintech startup providing auto financing for gig economy drivers has raised £15 million in financing to scale…
Read More » -
News
Wasoko dismisses reports that it has shut down its operations in Kenya
Kenyan-based B2B e-commerce startup Wasoko has dismissed reports that it has shut down its operations in the country. On Monday,…
Read More » -
News
EzyAgric and Pezesha launch Buy Now Pay Later services for Ugandan agro-dealers
Kenyan fintech Pezesha has partnered with EzyAgric to launch a buy-now-pay-later (BNPL) scheme for agro-dealers all over Uganda. EzyAgric has…
Read More » -
News
African tech startups have so far raised $2.7bn in funding this year, report
A report by pan-African tech publication Disrupt Africa has revealed that African tech startups raised $2.7bn in funding in the…
Read More » -
News
Hisa among 7 Kenyan tech startups selected for MEST Africa Challenge 2022
Kenyan fintech Hisa Inc is among the 36 African startups selected for the 2022 MEST Africa Challenge. The mobile investment…
Read More » -
News
Kenyans in the diaspora can now pay bills on M-PESA via NALA Money
Tanzanian fintech startup NALA which was launched in 2018 to enable Africans in the diaspora easily send money home has…
Read More » -
News
MFS Africa selects ThetaRay to monitor transactions and screen for sanctions
Digital payments network MFS Africa has selected ThetaRay to protect its growing network of services against financial crimes. ThetaRay, a…
Read More » -
News
Liquid Dataport taps into Google’s Equiano sea cable to provide faster and affordable internet for consumers in SA
Liquid Dataport has acquired a pair of fibre cables on Equiano, the new West coast submarine cable as it seeks…
Read More » -
News
Ugandan Digital Lender Numida Has Raised $12.3 Million in Pre-Series A Round
Ugandan fintech startup Numida has been in operation since 2017. The company has found its footing, offering customers loans ranging…
Read More » -
News
Biometrics tech firm iiDENTIFii raises $15 million growth capital
Biometrics tech firm iiDENTIFii has raised US$15 million growth capital, the largest African Series A in the identity verification space…
Read More » -
News
Dr. Joyce Cacho Joins Sistema.bio as New Board Chair
Sistema.bio has announced Dr. Joyce Cacho as its newest board member, and incoming board chair, effective January 2023. Following her…
Read More » -
News
Kenya is Hosting Polygon’s First Web 3.0 Bootcamp in Africa, here’s how to sign up
Polygon has opened applications for the Polygon bootcamp, an eight-week intensive mentorship program and hackathon in Africa. The Polygon Bootcamp…
Read More » -
News
Flutterwave adds Google Pay as a payment option for African businesses
Nigerian fintech Flutterwave is adding Google Pay, a mobile payment service, developed by Google, as a payment method. As part…
Read More » -
News
Digitization is helping ordinary shops compete against big stores, report
A report released by fintech investor firm Flourish Ventures has revealed that corner shops are doing better than predicted despite…
Read More » -
Startups
Kenyan insurtech startup Turaco raises $10M Series A funding
Kenyan insurtech firm Turaco has closed a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest…
Read More » -
News
Jaime Pinto appointed Software Group’s Chief Commercial Officer for Africa
Software Group has announced the appointment of Jaime Pinto as the Chief Commercial Officer for the Africa region. Jaime brings…
Read More » -
Interviews
[Interview] We’re consolidating African retailers’ business needs in one easy-to-use platform, MarketForce CEO
As the e-commerce marketplace expands, new players are stepping in to make it easy for merchants to source products and…
Read More » -
News
12 Kenyan Startups Selected for the 2022 Google Black Founders Fund
Tech giant Google has announced 60 qualifiers for the Google for Startups Black Founders Fund (BFF) for African startups. The…
Read More » -
News
Kenyan Court Freezes Another Sh400.6 Million Belonging to Flutterwave
Nigerian fintech Flutterwave is once again in the Kenyan courts for the wrong reasons. Early Tuesday, the High Court of…
Read More » -
BUSINESS
CBK grants digital payments provider DPO Group a PSP license to operate in Kenya
African digital payments provider DPO Group Kenya has received official approval from the Central Bank of Kenya to operate as…
Read More » -
News
Google has pulled down more than 2,000 loan apps from Play Store in India
Google says that it pulled more than 2,000 personal loan apps from Play Store in India for what the company…
Read More » -
News
Flutterwave’s New Chief People and Culture Officer Mansi Babyloni Empowers Young Africans with Tech Skills
Nigerian fintech company, Flutterwave, has appointed Mansi Babyloni as the new Chief People and Culture Officer. This was contained in…
Read More » -
News
Visa expands its digital payments with new office in DRC
Global payments company Visa has announced the establishment of local business operations in the Democratic Republic of Congo (DRC). DRC…
Read More » -
BUSINESS
Tala Named Among 50 Disruptor Companies of 2022 by CNBC
Popular mobile loan company Tala has been named on the list of Disruptor Companies of 2022 by business-focused media house…
Read More » -
Interviews
[Interview] Africa is central to our long-term growth strategy, says Visa CEO
AI Kelly is the Chairman and CEO of the global payments firm Visa. He joined Visa in October 2016 as Chief Executive Officer and…
Read More » -
News
Roam has inked a deal with M-Kopa to have its electric motorcycles available on credit
Kenyan electric vehicles manufacturer startup Roam has entered into a partnership with fintech firm M-Kopa which will see its motorcycles…
Read More » -
News
Applications for the 5th edition of Catapult: Inclusion Africa Programme open
The LHoFT Foundation has opened applications for the 5th edition of the CATAPULT: Inclusion Africa which will be delivered in Luxembourg.…
Read More » -
Startups
CBK grants Virtual Pay International a PSP License to operate in Kenya
The Central Bank of Kenya (CBK) has granted Virtual Pay International Limited a license to operate as a Payment Service…
Read More » -
Startups
Kenyan insurtech Lami Technologies raises $3.7M to expand across Africa
Kenya-based insurtech startup Lami Technologies has raised a US$ 3.7m seed extension to expand its insurtech product across Africa. The…
Read More » -
News
Flutterwave responds to accusations of operating without a license in Kenya
After reports emerged that Nigerian fintech startup Flutterwave was operating without a license in Kenya, the company has sent out…
Read More » -
News
CBK Governor Says Flutterwave is Not Licensed To Operate In Kenya
The Governor of the Central Bank Of Kenya (CBK), Dr Patrick Njoroge has said that fintech companies Flutterwave and Chipper…
Read More » -
Startups
Nigeria’s mobility startup Moove has expanded to India
Nigeria is home to some of the most innovative startups and many of them are disrupting their respective industries in…
Read More » -
News
Technology and innovation at the core of Equity Bank’s success
Africa is undergoing a season of rapid growth, characterized by innovative ideas that are crafting solutions to local problems. This…
Read More » -
Startups
AfricInvest and Cathay Innovation Complete Final Close of €110M Pan-African Venture Fund
Africa’s multi-asset investment platform AfricInvest and global venture capital firm Cathay Innovation, have completed the final close of their joint Pan-African…
Read More » -
News
Safaricom Engineering Summit brings together a community of Kenyan engineers
Safaricom recently hosted a two-day engineering summit forum for industry and other related stakeholders to showcase new technology and emerging…
Read More » -
News
Jumia Kenya CEO Betty Mwangi leaves the company after 9 months
Jumia Kenya CEO Betty Mwangi is leaving the e-commerce firm. Jumia in a statement today says Betty is leaving to…
Read More » -
News
PATRICK NDEGWA: Is 2022 the year for African startups?
Africa is the place to be if you want to discover and support new ideas. According to a Substack newsletter…
Read More » -
Startups
Kenyan Court Freezes Flutterwave’s Bank Accounts Over Money Laundering Allegations
Nigerian unicorn fintech Flutterwave has lately been in the news for both good and bad reasons, but the unflattering reasons…
Read More » -
Startups
Autochek acquires CoinAfrique to accelerate its expansion across Francophone Africa
Autochek, the Nigerian automotive startup has accelerated its expansion to Francophone Africa after acquiring CoinAfrique for an undisclosed amount. CoinAfrique…
Read More » -
Startups
Nigeria’s open banking startup Mono launches in Kenya
Mono, a Nigerian fintech startup has announced that it is expanding its services to Kenya. Mono builds an open banking…
Read More » -
News
Kenyan Online Accounting firm Odibooks Launches Management platform for SMEs.
Kenyan fintech startup Odibooks has launched a management and accounting platform that SMEs can use to automate their processes. Odibook…
Read More » -
BUSINESS
Mastercard Expands its Jaza Duka Micro-Credit Program with Kasha
Mastercard today announced that Kasha, the purpose-driven digital retail and distribution platform has joined Jaza Duka, Mastercard’s micro-credit digital lending platform…
Read More » -
Startups
Africa-focused VC firm TLcom Capital appoints Eloho Omame as Partner to attract more female-led tech startups
TLcom, the Africa-focused venture capital firm, has appointed Eloho Omame as a Partner. The appointment, the firm says is to bolster its…
Read More » -
News
Telkom Kenya Joins the Mobile Lending Frenzy With T-Kash Loan
Mobile service operator Telkom Kenya is gearing to launch a mobile loan service to take a slice of the fast-growing…
Read More » -
News
Kenyan insurtech firm mTek secures $3 million funding
On the heels of a recent $1.50 million (KSh 170 million) investment, Kenyan insurtech startup mTek has secured an additional …
Read More » -
News
Flutterwave Has Appointed Former American Express Executive as New CFO
Flutterwave has announced the appointment of Oneal Bhambani as its new Chief Financial Officer (CFO) Bhambani joins the Nigerian fintech…
Read More » -
News
Tecno is launching a mobile wallet to rival M-Pesa and Airtel Money
TECNO Wallet: Chinese phone manufacturer Tecno Mobile came to Africa and gained grounding with its Africa-centric mobile devices. The company…
Read More » -
News
Microsoft ADC appoints Catherine Muraga as new Managing Director
The African Development Centre (ADC), Microsoft’s premier engineering hub, has appointed Catherine Muraga as its Managing Director, effective 01 June…
Read More » -
News
OPay and Mastercard partner to expand regional reach
OPay, a Nigerian fintech regarded as one of Africa’s most valuable fintech startups has entered into a strategic partnership with…
Read More » -
News
Cairo Angels Injected Undisclosed Amount in Kenya’s FlexPay
Fintech startup FlexPay has raised an undisclosed amount of funding from Cairo Angels Syndicate Fund(CASF). The Kenyan firm operates an…
Read More »