Search Results for: fintech
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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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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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. …
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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.…
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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,…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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,…
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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…
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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,…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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