Search Results for: fintech
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News
African-focused Payments Firm pawaPay Raises $9M Seed Funding
African-focused payments firm pawaPay has raised a $9m Seed funding led by UK-based investment fund 88mph. Vunani Capital, Kepple Ventures,…
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News
Maramoja Transport Appoints Three New Board Members To Help Strengthen its Taxi Business
Kenyan taxi app Maramoja Transport Board has appointed three new members to help fortify the firm’s business strategy in the region.…
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News
East African Startup ecosystem poised for massive growth in 2021
Africa has a very vibrant startup ecosystem. Even with the pandemic, these startups have gone ahead and raised massive funding…
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News
PureSoftware expands its global footprint, opens first office in Kenya
PureSoftware, a software company focused on fintech, 5G and digital transformation, announced the opening of its first office in Kenya.…
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News
4G Capital Strengthens Leadership Team With New Appointments
4G CAPITAL GROUP has today announced the appointments of Alex Siboe as Chief Operations Officer and Ross Breadmore as Chief Product Officer. Both officers…
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CLOUD
Caroline Mukiira : Hybrid Cloud – The Catalyst for Increased Financial Inclusion in Africa
Africa has made huge strides over the past decades towards the financial inclusion. The digitization and simplification of money management…
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News
Top African regions set to become leading startup and investment hubs
On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy,…
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News
Cellulant Gets Approval from Bank of Tanzania to Become a Payment Solution Service Provider
The Bank of Tanzania (BOT) has issued an approval in principle to Kenyan-based fintech firm Cellulant to operate as a…
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News
Visa signs agreement to acquire Currencycloud
Visa has announced that it has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and…
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News
Convergence Partners closes its third fund at at US$120 million to drive digital inclusion in Africa
Convergence Partners has announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at…
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News
Kenyan startup MarketForce raises $2m pre-Series A to scale its B2B retail marketplace, RejaReja
MarketForce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa has raised a…
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CLOUD
Francis Wainaina: The role of cloud in Kenya’s growing tech start-up scene
Despite a global pandemic with many business-related hurdles, the resilient African tech start-up ecosystem thrived during 2020, securing a record-breaking…
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News
Visa highlights key innovation capabilities that will drive financial inclusion in Sub-Saharan Africa
Visa, the world leader in digital payments, showcased key innovation capabilities that will accelerate financial inclusion in Sub-Saharan Africa. Hosting…
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News
Kenyan startup MarketForce acquires Digiduka to consolidate distribution of consumer goods with digital financial services in Africa
MarketForce, the Kenyan end-to-end retail distribution startup for consumer brands in Africa, announces the strategic acquisition of Digiduka, a startup…
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News
Ethiopian-based edtech startup Gabeya launches its revamped marketplace
Gabeya, the Pan-African source for freelance professional talent, has expanded its revamped marketplace, the first of its kind in terms…
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News
Mastercard Empowers Consumers To Choose A Sustainable Future With Eco-Friendly Cards
According to a recent Mastercard study, 58% of consumers are more mindful of their impact on the environment, with 85% willing…
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News
Telkom launches virtual card for WhatsApp payments in South Africa
Telkom has launched Africa’s first Mastercard virtual card for use on WhatsApp, enabling Telkom Pay customers in South Africa to…
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News
[Column] Ian Lessem: Venture Capital trends shaping the African investment landscape
As the second half of 2021 approaches and Covid-19 vaccinations roll out across the globe, albeit at varying rates, Ian…
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News
CMA admits two new firms to the Regulatory Sandbox
The Capital Markets Authority (CMA) has admitted KOA Save Africa Limited and Moneto Ventures Limited to the Regulatory Sandbox. The…
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BUSINESS
Women Can Add $14.57 Billion to E-Commerce in Africa, IFC Research
The e-commerce market in Africa could grow by more than $14.5 billion between 2025-2030 according to an IFC report published…
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News
Equity Group Records Strong Quarter One Results
Equity Group has returned strong quarter one results in a challenging environment amidst the multi-faceted Covid-19 crisis of health, economic…
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News
Mastercard appoints Victor Ndlovu Director, Business Development Lead, East Africa
Mastercard has today announced the appointment of Victor Ndlovu as Director, Country Business Development Lead for East Africa. Victor is…
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News
AlphaCode announces four startups taking part in the second phase of the its Incubate programme
AlphaCode has announced the four South African fintech startups that will be part of the second phase of the AlphaCode…
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News
Kenyan Female Entrepreneur Raises $1.8M in Seed Funding for Lami Technologies
Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans, has…
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News
Key enablers to E-commerce in Kenya
E-commerce sales globally amounted to $4.28 trillion in 2020. This was mainly attributed to lockdowns, social distancing, and the push…
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COLUMNS
[Column] Faizal Bhana: Shariah-compliant Structuring and its Relevance to Impact Investing
Sustainable finance, specifically impact investing, has gained considerable momentum over the past few years and shows no sign of slowing…
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News
African tech startups invited to apply for the Smart Cities Innovation Programme
African tech startups in the fields of mobility, housing, and fintech have been invited to apply for the Smart Cities…
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News
[24Bit Podcast] Buying a new computer? Here are things to consider!
Listen to Nick Kanali, Emmanuel Chenze, and Dickson Otieno share ideas on what to look out for when purchasing a…
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News
Flourish Ventures and Bolt to host Webinar on Women in the gig economy
Bolt and Flourish Ventures, a global fintech venture capital firm, with a strong focus on Africa, are set to hold…
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News
[Africa Cloud Review] Simon Ngunjiri: Cloud adoption is the future of African SMEs
In our previous Africa Cloud Review report, we highlighted how cloud adoption is no longer merely an option but a necessity that…
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BUSINESS
Flutterwave Partners with PayPal to Enable African Merchants Receive Payments from Abroad
African fintech company Flutterwave is partnering with US payments giant PayPal. The collaboration is a big sigh of relief to…
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CLOUD
IBM Hybrid Cloud Services Now Available in Any Environment
IBM has announced that its hybrid cloud services are now generally available in any environment — on any cloud, on…
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Startups
Nigeria’s Union Bank Launches 2021 UnionX Innovation Challenge To Support Local Startups
Nigeria’s Union Bank has unveiled the 2021 UnionX Innovation Challenge to support young startups in the country. Tagged ‘A New…
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Startups
HAVAÍC expects bumper year for African tech startups
As one of South Africa’s most active Venture Capital investors, HAVAÍC says 2020 saw the commercial adoption of technology increase at unprecedented…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri Muraya: Africa’s cloud adoption is accelerating with purpose
As we have previously highlighted Cloud Computing is growing big in Africa and has the potential to open African businesses…
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New Appointments
Frank Molla joins BPC Banking Technologies as MD for Sub-Saharan Africa
BPC Banking Technologies has appointed Frank Molla as its Managing Director for Sub-Saharan Africa. Frank is a former Director of…
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News
[South Africa] Ocean on 76 Group CEO Prins Mhlanga joins Ukheshe as non-executive director
South Africa fintech startup Ukheshe has announced the appointment of Prins Mhlanga, CEO of Ocean on 76 Group, as a non-executive director. The appointment…
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News
[Interview] We’re deploying Cloud-based solutions for African organizations, Incentro Africa CEO
Dennis De Weerd is the CEO at Incentro Africa, an IT service provider delivering custom build cloud-based software solutions for the European and…
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News
VC-backed free money transfer service Taptap Send is now live in Kenya
Taptap Send, a venture-backed fintech startup that lets immigrants send money back home to emerging markets instantly has launched in…
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News
[Interview] Our data marketplace is helping fill credit history gap in Sub-Saharan Africa, CARMA CEO
Fintech has become a significant force in shaping the financial services industry in Sub-Saharan Africa. As this market grows, the…
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News
These Industries grew in 2020 despite Covid-19 slowdown
There are a few events in history that have changed the course of humanity and this ongoing Covid-19 pandemic may…
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News
Kenya e-commerce startup Sokowatch among winners of AppsAfrica Innovation Awards 2020
Kenyan based B2B e-commerce startup Sokowatch is among the winners of the AppsAfrica Innovation Awards 2020. The awards celebrates the…
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News
[Column] Patrick Ndegwa: Celebrating startups and digital businesses that are uplifting African communities
The digital economy has opened up many opportunities for global businesses. Large enterprises and small businesses have seen increased profits…
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News
These are the startups shortlisted for the AppsAfrica.com Innovation Awards 2020
The final shortlist for the AppsAfrica Innovation Awards 2020 which celebrate the best startups in mobile and tech from across Africa has been…
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News
IBM supports African agricultural startups through Digital4Agriculture Initiative
IBM has announced that it is supporting the Digital4Agriculture Initiative (D4Ag), which aims to foster African start-ups in the agricultural…
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Blockchain
Facebook-backed Cryptocurrency Libra has been Renamed Diem
Facebook-led Libra cryptocurrency has been renamed, Diem. The independent association behind the project, which comprises 27 members, has also been…
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News
Africa-focused VC fund Outlierz Ventures invests in three Nigerian startups
Africa-focused Morocco-based B2B VC fund Outlierz Ventures has announced new investments into three Nigerian startups – Bamboo, Youverify and Healthlane.…
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BUSINESS
Prime Bank and SimbaPay partner for instant international money transfer
Kenya’s private bank Prime Bank has partnered with London-based fintech SimbaPay, to launch an instant international money transfer service via…
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News
Cellulant Names Faith Nkatha Gitonga Country Manager for Kenya
Cellulant has announced the appointment of Faith Nkatha Gitonga as its Country Manager for Kenya. Faith joins the fintech company from…
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News
Catalyst Fund, Mastercard, MEST launch $4.3m Inclusive Digital Commerce Accelerator in Ghana
Catalyst Fund, managed by BFA Global has partnered with the Mastercard Foundation and the Meltwater Entrepreneurial School of Technology (MEST)…
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News
[Interview] We’re connecting Africa one transaction at a time, Leon Kiptum, Chipper Cash Kenya boss
Financial technology – Fintech, has become a significant force in shaping the structure of the financial services industry in Africa…
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News
Kenya’s e-commerce Startup Sokowatch wins ‘Visa Everywhere Initiative’ 2020 competition
Nairobi-based e-commerce startup Sokowatch has been named winner of the recently concluded Visa Everywhere Initiative – Pandemic Challenge. This year’s initiative was…
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BUSINESS
Huawei, Kenya Bankers Association Partner to Drive Financial Inclusion
Huawei Kenya and the Kenya Bankers Association (KBA) have announced a new partnership that seeks to deepen financial inclusion in…
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WomenInTech
Visa Appoints Eva Ngigi New Country Manager for Kenya
Visa has appointed Eva Ngigi-Sarwari as its new Country Manager for Kenya. Eva Ngigi will serve as the Senior Business…
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News
Coronavirus pandemic is affecting every sector of the global economy
The coronavirus pandemic is hitting the global economy hard. While we cannot exactly tell the damage the virus will have…
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News
Does The Future Of Bitcoin Lie In Africa?
Bitcoin, since its inception in the fintech space, has been very highly regarded in most African countries. While challenges and…
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Startups
Agritech startup, Hello Tractor, joins Mastercard Accelerate Programme
Mastercard has announced the expansion of its Accelerate fintech portfolio, adding dynamic entrepreneurs to its award-winning startup engagement program Start Path and more technology…
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Startups
Seed stage investing and why it matters for Africa’s startup and innovation community
Startup entrepreneurs are working to harness Africa’s potential. Together they represent a critical pipeline of innovation that is driving high…
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Startups
Founder Institute Startup Accelerator Opens Applications in Kenya for the First Time
The Founder Institute, the world’s largest pre-seed startup accelerator, has opened its accelerator program in Nairobi, Kenya. This is the…
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Startups
Kenya’s Savanna Circuit Tech Wins US$100,000 Grand Prize at Cisco Global Problem Solver Challenge 2020
Kenyan agri-tech startup Savanna Circuit Tech is the winner of this year’s Cisco Global Problem Solver Challenge. Now in its…
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News
Equity’s Eazzy Banking App now allows customers to open accounts instantly via the app
Equity Bank has made some updates to its Eazzy Banking App for both iOS and Android devices. The newly updated…
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COLUMNS
[Column] Soromfe Uzomah: How global disruption can have local implications
The global impact that the Covid-19 pandemic has had not only on public health, but on business, cannot be underestimated.…
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BUSINESS
Kenya’s Economy Set to Slow as Effects of COVID-19 Pandemic Take Hold, Report
The Kenyan credit market is coming under severe pressure as the COVID-19 pandemic impacts the Kenyan economy. According to the…
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BUSINESS
Open Banking opens up new opportunities for Banks in Africa
Open Banking is a global FinTech trend that is revolutionising the financial services landscape across the world by enabling banks…
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News
Opera Announces Agreement To Acquire Norway’s Fjord Bank
Opera Limited has announced an agreement to acquire AB Fjord Bank, a full-digital consumer finance bank that was founded in…
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BUSINESS
Visa and TerraPay partner to drive domestic remittances
Visa and TerraPay, a payments infrastructure company have announced a new partnership to drive domestic remittance. The two companies will develop…
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Startups
Kenyan e-health startup MamaPrime among winners of Sanofi VivaTech 2020 Global Challenge
Kenyan e-health startup MamaPrime is among the 5 winners of the VivaTech 2020 Global Challenge. This follows an online final…
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BUSINESS
Banking Sector urged to go digital to build resilience and sustainable growth post Covid-19
Bankers from Sub Saharan Africa and China who attended the Huawei Sub-Saharan Africa Financial Services Industry Online Summit 2020 agree…
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BUSINESS
Digitization strategy oversees Equity’s growth in loans and transactions
In light of the Covid-19 pandemic, the government and Central Bank of Kenya, advocated for a resort to cashless transactions…
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News
Samsung has partnered with SoFi to launch its first Samsung Pay debit card
Samsung has today announced plans to launch a no-fee Samsung Money cash management service and debit card for its smartphone…
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BUSINESS
Digital and mobile channels to be key service delivery platforms for financial service providers
As countries prepare for imminent easing of movement restrictions and resumption of normal operations in most sectors of their economies,…
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BUSINESS
Ecobank Named Most Innovative Bank in Africa
Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global…
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BUSINESS
Mastercard Commits To Add 1bn people, 50m small units to digital economy BY 2025
Building on the Covid-19 response, Mastercard is also announcing its new worldwide commitment to financial inclusion. The company is pledging to…
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BUSINESS
Nigeria is getting its first-ever bitcoin ATM
Nigeria has the strongest economy in Africa and has always stood out as more or less financially stable compared to…
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COLUMNS
Data: Africa’s “new blood”, rather than the “new oil”
Data protection and privacy regulation in most, or even all, African countries are often less mature – particularly when compared…
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News
Decentralized Finance Conference to held in Nairobi in March
Fintech companies or startups are making Africa a leading global Innovation Hub. To help organisations understand this Kesho Labs Development…
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News
[Column] There’s not enough women-led tech startups – and it’s costing us all
Africa’s technology startup scene is vibrant – and growing fast. There are currently over 640 active technology hubs across the…
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Startups
African tech startups raised $491M funding in 2019, Disrupt Africa report
2019 was the best year yet for investment into the African tech startups, with 311 companies banking a combined US$491.6…
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Startups
4G Capital Raises $4million Funding For Onward Lending To MSMEs in Kenya And Uganda
4G Capital has announced the completion of its second round of fundraising. The investment was secured by a $2m debt…
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BUSINESS
Visa is partnering with MFS Africa to boost digital payments among African consumers and businesses
Visa and pan-African fintech leader MFS Africa have announced a partnership to boost digital payments among African consumers and businesses.…
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BUSINESS
Equity Bank’s diaspora remittance volumes hit Sh100 billion in just nine months
Equity Bank’s diaspora remittance volumes hit Sh100 billion in the nine months to September. This helped boost the lender’s forex…
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News
Safaricom, Huawei among companies shortlisted for AfricaCom Awards 2019
Safaricom, MTN and Huawei are among the companies that have been shortlisted for the 2019 AfricaCom Awards. AfricaCom Awards 2019…
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Startups
List of tech startups shortlisted for the AppsAfrica Innovation Awards
The final shortlist for the 5th AppsAfrica Innovation Awards have been announced. The annual Awards attracted over 400 submissions from 52 countries, with…
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BUSINESS
Creditinfo is giving free credit reports to its customers in Kenya and Tanzania
Today only, credit information and fintech services provider Creditinfo has announced an offer on credit reports for its customers in…
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Startups
CredoLab, a Singapore-based credit scoring startup has launched in Kenya
Singapore-based fintech startup CredoLab has launched in Kenya. The firm had in July this year announced its plans to expand…
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News
Vodacom Tanzania and Smart Lab launch new $150k accelerator program for tech startups
Vodacom Tanzania and Smart Lab have launched a new accelerator program to support arly-stage and growth-stage technology startups. The “Vodacom Digital…
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News
African ICT Foundation Opens Applications for Volunteers Tech Trainers
The African ICT Foundation (AfICTF) has opened applications for volunteer trainers for its Digital Connect Africa (DCA) Project in Nigeria.…
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BUSINESS
What to consider before choosing international money transfer services
Financial technology (Fintech) companies have made it so easy for people to send money to Kenya. Currently, there so many…
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COLUMNS
[Column] The Platform – tomorrows new economic sector
Digitalisation is constant. We see it in the continuous innovative disruption across the globe. This progressive phenomenon has succeeded in…
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New Appointments
JUMO appoints Buhle Goslar as its Africa CEO
South African fintech company JUMO has appointed Buhle Goslar as its Africa CEO. The company also appointed Ashish Desai as its…
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New Appointments
Lori Systems announces new appointments to expand across Africa
Kenyan-based logistics startup Lori Systems has announced the appointment of Uche Ogboi as the company’s Chief Operating Officer and Efayomi…
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News
CredoLab, Singapore-based credit scoring startup is expanding to Sub-Saharan Africa
Singapore-based fintech startup CredoLab is expanding its operations to Sub-Saharan Africa. The firm is expanding into the region’s fintech market…
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News
[Column] There’s a need for more disruption in Africa’s tech scene
For most people living outside Africa, they imagine the continent as the home of poverty, corruption, internet fraud, infrastructure deficit,…
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BUSINESS
Safaricom says its mobile agriculture platform DigiFarm will outgrow M-PESA five years
Safaricom believes that mobile agriculture platform DigiFarm will outgrow M-PESA in the next five years. Speaking at the Afro-Asian Fintech…
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BUSINESS
Safaricom’s Masoko Plans Expansion into more Sub-Saharan Countries in 2020
Masoko online retailer by Kenya’s largest telco Safaricom has revealed their expansion plans into more sub- Saharan countries in 2020.…
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News
Upesi Money Transfer: International Money Transfer Made Easy
Fintech or financial technology seems to be in the news all the time these days. Some of the amazing ideas…
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News
Facebook’s new Cryptocurrency may be launched this month
In case you aren’t aware of Facebook’s cryptocurrency ambitions that have been speculating around, the project will be presented to…
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News
Microsoft and ALN Academy call on Financial Services Industry to increase AI capacity for professionals
Microsoft and the Africa Legal Network (ALN) Academy have called on the Financial Services Industry to increase AI capacity for…
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BUSINESS
MTN Nigeria revenue up 13.4%, subscriber base increase to over 60m in Q1
MTN Nigeria service revenue increasing by 13.4 per cent year on year (YoY), the telco’s subscriber base also increased by…
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Startups
SafeBoda raises funding from GO-JEK, plans to venture into mobile payments and insurance
Ride-hailing platform SafeBoda has raised an undisclosed Series B round co-led by Allianz X, the digital investment unit of the…
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News
E-commerce firm goAfrica integrates Finserve’s Jenga Payment Gateway solution on its platform
goAfrica has announced the integration of Finserve’s Jenga Payment Gateway solution on its platform. The London-based e-commerce platform says…
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