Search Results for: FINTECH STARTUPS
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News
Kenyan fintech startup Paylend raises $2m seed investment to accelerate growth
Paylend, a Kenyan fintech startup focused on providing access to finance and digitizing MSMEs in Kenya has raised $2 million…
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COLUMNS
LEON KIPTUM: Kenya’s economy could benefit from fintech growth and innovation
Financial technology (Fintech) has been a key driver of growth in the financial services sector in the face of the…
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News
African fintech startup Payday joins Techstars Toronto Accelerator program
Pan-African fintech startup Payday has joined Techstars Toronto Accelerator program. Techstars is an operational investment company that assists founders and…
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News
Kepple Africa Ventures revokes its investment stake in Kenyan fintech startup Wapi Pay
Japanese VC firm Kepple Africa Ventures has announced that it will be revoking its investment in Kenyan fintech startup Wapi…
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News
These are the 9 Kenyan startups selected to receive equity-free funding from Google
Google recently announced that it will be investing up to $50 million in African early- and growth-stage startups via its…
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Interviews
[Interview] Femi Apesin, OnePipe Growth & Marketing Lead: We are making API integration seamless for African banks and fintech companies
The African fintech space has been growing rapidly in Africa over the last few years. Fintech generally refers to companies…
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News
Kenyan Fintech Startup Kwara Selected for Mastercard Start Path Program
Kenyan fintech startup Kwara is among the 11 startups that have been selected to join the Mastercard Start Path program.…
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News
Ghanaian Fintech startup Zeepay raises $7.9 million Series A funding
Ghanaian Fintech startup Zeepay, has announced the completion of a USD7.9 million Series A.0 funding. The funding is a hybrid of both…
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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 fintech startup Kwara selected for Japan-led Ninja Accelerator Programme
Digital banking platform and fintech company Kwara has been selected for the first cohort of the Ninja Accelerator programme in Kenya.…
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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] The Opportunities Fintech brings to Africa: A discussion with Flourish Ventures Principal Efayomi Carr
In this latest episode of our 24Bit podcast, I sat down with Efayomi Carr to discuss Fintech in Africa. Efayomi…
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News
Fintech VC firm Flourish Ventures Opens new Office in Kenya
Flourish Ventures, a global fintech venture capital firm, has opened a new office in Kenya to support fintech startups across Africa.…
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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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News
Six Emerging FinTech Trends in Africa
Africa is quickly becoming the centre of new fintech innovations and adoptions. Many financial technology start-ups are coming up across…
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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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News
Nigerian fintech startup CredPal raises $1.5million funding round
Nigerian consumer credit startup CredPal has raised a $1.5million funding round. The funding came as the startup prepares to launch its…
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News
African fintech startup Chipper Cash raises $30 Million backed by Amazon CEO Jeff Bezos
African fintech startup Chipper Cash has secured a $30 Million Series B funding round led by Ribbit Capital with participation…
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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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Startups
Moroccan fintech startup OnePay raises $417k for its digital payments platform
Moroccan fintech startup OnePay has announced a $417,000 investment from Maroc Numeric Fund II. The startup which operates as a…
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Startups
[Zambia] BongoHive FinTech Challenge Applications Opened
Zambian Innovation hub BongoHive has announced that it has opened applications for its annual BongoHive FinTech Challenge. Through this challenge,…
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Startups
South Africa’s fintech startup Ukheshe selected for Mastercard Start Path program
South African fintech startup Ukheshe, has been selected to join the 2020 Mastercard Start Path program. Mastercard Start Path is…
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Startups
Ecobank Opens Applications For Its 2020 Fintech Challenge
Ecobank Group is calling on African startups and developers to apply for its 3rd edition of the Ecobank Fintech Challenge.…
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Startups
Kenyan fintech startup Wapi Pay raises capital to scale across Africa
Singapore and Kenyan based Fintech startup ‘Wapi Pay’ has raised seed capital through the accelerator Future Hub making it its…
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Startups
Nigerian fintech startup Aella raises $10m financing round
Nigerian fintech startup Aella has raised a $10m debt financing round from Singapore-based HQ Financial Group (HQF). This debt financing…
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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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News
[Column] How fintechs are making Africa a leading global Innovation Hub
In a continent where over 60% of the adult population is unbanked and the financial sector is considerably underdeveloped, fintech…
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Startups
Nigerian Fintech Startup Trove Secures An Undisclosed Amount Of Funding From ARM
Nigerian micro-investing fintech startup Trove has secured an undisclosed amount of funding from asset management firm, ARM. This is the…
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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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CYBER SECURITY
Growth in Fintech drives growth in cyberattacks, Kaspersky
Africa’s Fintech sector is booming! According to reports, Africa’s Fintech ecosystem has surged 60% in the last two years and the…
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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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BUSINESS
The rise of Sub-Saharan Africa as a fintech hub
Sub-Saharan Africa is one of the fastest-growing investment zones for fintech companies according to new research. The GSM Association says…
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Startups
Seedstars is launching a $100M fund to invest in African tech startups
Seedstars has announced a new partnership with Paris-based First Growth Ventures to launch a $100 million fund to invest in…
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Startups
Partech Africa Report: African tech startups raised US$1.163 billion in equity funding in 2018
African tech startups raised a total of US$1.163 billion in equity funding in 2018. This is according to the Partech…
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Startups
Ampion and Plutos Ventures launch new venture to invest in African startups
Africa-focused Ampion and Berlin-based Plutos Ventures Holding have announced the founding of Ampion Ventures to support African startups. The goal…
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Startups
Nigeria’s Fintech Startup TeamApt closes $5.5M Series A Round To Scale Into Additional Markets
TeamApt, a Nigerian startup that provides digital solutions and payment infrastructure for Africa, has closed on a $5.5M Series A…
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Startups
Two Kenyan startups among Google’s Launchpad Accelerator Africa program graduates
Two Kenyan startups, Cloud9xp and PayGo Energy were among the second class of 11 startups who graduated yesterday from Google’s Launchpad Accelerator Africa…
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Startups
Naspers Sets Up A $9m Fund To Support South African Tech Startups
South African media company Naspers has set up a R1.4bn ($96m) Naspers Foundry fund to invest into South African technology…
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Startups
Founders Factory wants to build and scale African tech startups
London-based startup accelerator Founders Factory has partnered with Standard Bank to launch its first international location in Johannesburg, South Africa…
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Startups
Kenyan startups top list of 2018 MIT Inclusive Innovation Challenge Africa winners
Kenyan startups have topped the list of 2018 MIT Inclusive Innovation Challenge Africa winners. The startups, Lynk, WeFarm, and Solar…
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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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Blockchain
Fintech SandBox Policy to be Ready by July 2018, Says CMA Boss, Paul Muthaura
Regulation in the Blockchain and crypto space is inevitable and coming very soon. To enable this, Capital Markets Authority is…
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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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Startups
Agriculture based startups dominate Pangea’s application list
Just two months after launching in Kenya, Norwegian accelerator Pangea has closed its application platform recording a total of 403…
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Startups
Kenyan Startups invited to apply for this year’s DataHack4FI competition
Nairobi Garage is calling on Kenyan startups to apply for the for this years DataHack4FI competition with the winning team…
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Startups
6 Kenyan Startups among the DEMO Africa 2017 30 finalists
6 Startups from Kenya have made it to the list of the final 35 startups from 28 African countries that…
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Startups
Orange launches 50 million euros investment initiative to support African Startups.
Orange Digital Ventures , Orange Group’s investment vehicle for early-stage innovation projects in Africa has launched a new investment initiative…
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News
How Kenya’s Internet Advertising Growth Became the Fastest in the World and What Comes Next
When PwC’s Africa Entertainment and Media Outlook landed this year, one figure stood out: Kenya’s internet advertising market is on…
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News
Digital Convenience vs Ecological Sovereignty: Kenya’s Tourism Sector Faces Its First Platform War
Tourism used to be guided by memory, luck, and handshake logistics. If you made it to Nairobi National Park, it…
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News
PayPal’s Middle East and Africa Investment: Can Digital Payments Outrun Regulation and Market Fragmentation?
Few regions carry as much digital promise as the Middle East and Africa. Young populations, rising smartphone penetration, and widespread…
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CLOUD
Absa Deepens Partnership with AWS to Accelerate Cloud Migration and Digital Innovation
In a move that signals how seriously African banks are taking digital transformation, Absa Group has deepened its partnership with…
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Startups
How to Apply for the MEST Africa Challenge 2025
The Meltwater Entrepreneurial School of Technology (MEST Africa) recently opened applications for the 7th edition of the MEST Africa Challenge…
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News
The Changing Dynamics of Forex and Trading in Africa
The forex and online trading landscape has witnessed a significant growth in Africa in recent years, mainly driven by technological…
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News
Tech Growth in Africa: What the Latest Economic Data Doesn’t Reveal
The latest report on Global Economic Prospects states that, while a modest economic rebound is expected in 2025, GDP growth…
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News
Why Kenya is Emerging as a Great Market for Forex Traders
With a growing economy, improved financial infrastructure, and an increasing tech-savvy population, Kenya is rapidly becoming Africa’s most attractive destination…
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News
Stablecoin Regulation in Kenya: How New Rules Could Reshape Digital Finance
The global push for stablecoin regulation is reshaping financial landscapes, and Kenya is no exception. As discussions around stablecoin regulation…
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News
Mobile Money Subscriptions in Kenya Rise to 38.7 Million
Mobile money subscriptions in Kenya have grown to 38.7 million, translating to a penetration rate of 75%. This is according…
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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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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
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
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
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
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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Interviews
[Interview] Efayomi Carr: Embedded finance and its impact on financial inclusion
Efayomi Carr is a Principal at Flourish Ventures, a Global Fintech Venture Firm investing in fintech startups across the globe,…
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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…
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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…
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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
[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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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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COLUMNS
Explaining the High Cost of Remittance to African Countries
The World Bank recently released a study report with findings that the cost of remitting cash to African nations is…
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News
Who wants complimentary passes to the Finnovation Africa: Kenya 2018 summit?
The Finnovation Africa: Kenya 2018 summit is coming to Nairobi on 31st May 2018. The event will bring together more…
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CLOUD
Erkan Satik | Accelerated entry: How East Africa leapfrogged into the cloud age
East Africa has quickly become one of the most dynamic regions for cloud computing. By 2025, around 70–77% of enterprises…
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News
Mauritian Startup Black Swan Wins the MEST Africa Challenge 2025
Black Swan, a Mauritius-based FinTech startup, has emerged as the winner of the MEST Africa Challenge (MAC) 2025. The announcement…
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COLUMNS
Apollo Eric | How Blockchain, AI and Tokenization are Redefining the Future of Finance
Over the past few years, we have watched blockchain evolve from a fringe technology into a critical enabler of financial…
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News
How Kenya’s Software Engineers Are Changing the Country’s Tech Future
Kenya now ranks sixth in Africa for software engineering density, with about 1,095 developers per million people. On the surface,…
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TRENDING
The TechTrends Podcast | The State of Startup Funding in Africa in 2025 ft Andrew Fassnidge
Is Africa’s startup funding winter finally over? That’s the question we explored in a recent conversation with Andrew Fassnidge, Founder…
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News
Kenya’s Sovereign Wealth Fund Marks a Digital Era Turning Point in Economic Governance
In 2025, as Kenya prepares to launch its first sovereign wealth fund, the idea of saving resource revenues is finally…
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Interviews
[Interview] George Mudhune on Strategy, Growth and Renewable Energy Access in Africa
Africa’s business and energy sectors are entering a period of rapid transformation, where innovation and sustainability must go hand in…
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News
Tala’s Global Expansion Strategy Is Spreading Across Six Countries — But Can AI-Priced Debt Really Count as Financial Inclusion?
Most startups that survive long enough begin acting their age — cutting burn, consolidating markets, moving from chaos to caution.…
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News
Tunisia’s Digital Transformation: 138 Projects Using AI and Open Data to Rebuild Public Administration
For years, Tunisia has spoken of modernising its bureaucracy, but progress has often been halting. Ministries ran on outdated systems,…
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News
PayPal to Invest $100 Million in Middle East and Africa to Boost Digital Commerce
PayPal Holdings has announced a $100 million investment aimed at fueling innovation, supporting entrepreneurs, and driving inclusive economic growth across…
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Startups
UK-Kenya Tech Hub and ViKtoria Ventures Launch First Corporate VC Report in Kenya
Angel Leads Program, supported by the UK-Kenya Tech Hub and implemented by ViKtoria Ventures, has launched the Corporate Venture Capital…
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News
Britam Launches BetaLab Regional Startup Challenge 2025 for East Africa
Britam’s BetaLab has announced the launch of the Regional Startup Challenge 2025, a new initiative designed to identify and support…
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News
H-1B Visa Fee Hike: How Trump’s $100K Rule Could Reshape U.S. Tech and Global Talent
On September 19, 2025, President Donald Trump signed a proclamation imposing a $100,000 annual fee on H-1B visa applications, marking…
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News
Cortex Hub Launches MCP Hackathon Africa 2025 to Embed African Contexts into AI
The Cortex Hub has announced the launch of MCP Hackathon Africa 2025, a continent-wide initiative aimed at embedding African languages,…
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Startups
African Angel Academy Launches 12th Cohort to Bridge Africa’s $194B Startup Funding Gap
The African Angel Academy (AAA), Africa’s leading angel investor training platform, has announced the launch of its 12th cohort as…
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News
Kenya Dirty Money Crackdown Intensifies with CBK-UK Treasury Partnership to Protect Financial Sector
The Central Bank of Kenya (CBK) has partnered with the United Kingdom’s finance ministry as part of a broader Kenya…
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News
Africa Bitcoin Institute Leads the Charge in Bringing African Voices to Cryptocurrency Policy
Anaïse Kanimba grew up in the shadow of global attention. Her father, Paul Rusesabagina, became an international symbol of courage…
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News
[Interview] Botswana Bets on Innovation with MIT to Build a Post-Mineral Economy
Botswana has taken a bold step toward redefining its economic future through a groundbreaking partnership with the Massachusetts Institute of…
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News
Kenya’s New Alcohol Ban Hits E-Commerce and Delivery Apps as Online Sales Blocked
Kenya has widened its alcohol sale restrictions to include online platforms, closing a major loophole that many urban consumers and…
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News
Verto Webinar Unpacks Future of Cross-Border Payments in Africa
Global fintech firm Verto on Thursday hosted a webinar shedding light on the challenges and opportunities that businesses face when…
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News
How Nairobi Financial Hub Tax Relief Is Reshaping Kenya’s Startup and Investment Landscape in 2025
Startups operating under the Nairobi International Financial Centre (NIFC) are set to benefit from significant tax cuts under Kenya’s newly…
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News
Why African Startup Funding in 2025 Is Surging Again After Years of Decline
African startup funding in 2025 is off to a strong start, with startups raising $1.4 billion in the first half…
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News
World MSME Day 2025: How Safaricom is Enabling Kenyan MSMEs to Scale
As the world marks World MSME Day 2025, the spotlight turns to the micro, small, and medium-sized enterprises that form…
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