Search Results for: FinTech
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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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Startups
Kenyan B2B E-commerce Startup Wasoko Opens an Innovation Hub in Zanzibar
Innovation plays an ever-increasing role in growing Africa’s emerging technology ecosystem. In fact, A study by Briter Bridges and AfriLabs…
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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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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…
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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…
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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…
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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…
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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.…
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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…
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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…
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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…
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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…
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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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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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 …
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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
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…
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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…
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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
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…
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Startups
African Startups Raised $2billion in 2021, Report
The African Tech Startups Funding Report (2021) demonstrates a continued interest by investors in promising African startups. According to the…
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BUSINESS
Safaricom’s M-Pesa revenue hit Ksh 107.69 Billion
Safaricom M-Pesa revenue grew by 30.3% to hit Ksh. 107.69 Billion. This is according to the telco’s Full Year 2021/2022…
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News
US VC firm Activant Capital opens new office in Cape Town
US-based Growth equity firm Activant Capital has announced that it is expanding its research and due diligence capabilities with a…
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News
Bank of Uganda warns against use of Cryptocurrencies
The Bank of Uganda has issued a stern warning against the use of cryptocurrencies in the East African country. In…
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BUSINESS
Customers twice as likely to recommend buy now pay later than banks, survey
South African customers who have used buy now, pay later to purchase goods would overwhelmingly recommend it as a payment…
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Startups
Power and Turaco partner to provide affordable insurance for gig workers across Africa
Fintech startup Power Financial Wellness has joined forces with insurtech firm Turaco to offer affordable health insurance products to its…
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News
Glovo Kenya tech startup pitch competition winners announced
On-demand delivery platform Glovo has announced the winners of its tech startup pitch competition in Kenya. Glovo in partnership with…
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New Appointments
Jack Ngare Leaves Microsoft ADC for Google Cloud
Former Managing Director of Microsoft Africa Development Centre (ADC) Jack Ngare has moved to Google Cloud Office as Technical Director…
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News
Ashley Olson Onyango: Unlocking the transformative power of mobile money
During the last decade, rapid digitisation has revolutionised the financial industry globally, through the advent of innovative services such as…
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News
Google to open its first African product development center in Kenya
Tech giant Google has announced plans to open its first African product development centre in Nairobi, Kenya. This comes months…
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News
Crypto exchange platform Luno hits 10 million global customers
Crypto company Luno has announced that its exchange platform has hit 10 million customers in over 40 countries. Founded by…
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News
Visa Opens its first African Innovation Hub in Kenya to advance payment solutions development
Digital payments leader Visa on Wednesday opened its first African Innovation Studio in Kenya. The new centre has been designed to…
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News
Microsoft Launches Accelerator Program For East and West African Startups
In March 2022, Microsoft outlined plans to support 10,000 startups across Africa through a myriad of initiatives. These initiatives incorporate…
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Startups
Kenyan open finance infrastructure startup Credrails partners with Access Bank for future of finance in Africa
Access Bank has partnered with Kenyan women-led open finance infrastructure startup Credrails to develop open finance rails that will dramatically…
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WomenInTech
Shirley Somuah named Partner at Lagos based private equity fund manager CardinalStone Capital
Lagos-based private equity fund manager, CardinalStone Capital Advisers (CCA), has appointed Shirley Somuah as its new Partner. The appointment comes…
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Startups
Flutterwave CEO Embroiled in Bullying, Fraud Claims
A former employee of Nigerian-based payment solutions provider Flutterwave has levelled claims of bullying and fraud against company Founder and…
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Startups
Nigerian logistics startup Kwik raises $2 million Series A Round to digitize informal African trade
Nigerian logistics startup Kwik has closed its $2 million Series A round led by XBTO Ventures, an investor focused on…
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Startups
Flutterwave goes live in Tanzania
African fintech Flutterwave has received approval from the Bank of Tanzania (BoT) to launch its payment service in the country.…
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News
Flutterwave CEO Joins Africa’s BNPL Firm Lipa Later’s Advisory Board
After raising $12 million funding from a consortium of investors to expand its operations across Africa, Africa’s leading Buy-Now-Pay-Later (BNPL)…
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BUSINESS
57 percent of Africans do not hold any kind of bank account, BPC report
57 per cent of Africans do not hold any kind of bank account, including mobile money accounts. This is according…
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Startups
Kenyan e-commerce startup Sokowatch raises $125M, rebrands to Wasoko
Kenyan based B2B e-commerce startup Sokowatch has raised a $125 million Series B equity round, the largest venture financing round ever…
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News
Four Kenyan Startups among 12 Selected for Microsoft Accelerator Programme.
Microsoft in conjunction with Flapmax have announced the qualifying startups for their first accelerator programme that begins March 21, 2022.…
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Startups
Vehicle financing startup Moove secures $105 million for expansion
African fintech mobility startup Moove has raised $105 million in new Series A2 financing. This comes just seven months after…
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BUSINESS
Safaricom’s Mobile Money Service M-Pesa Crosses 30 Million Monthly Active Customers in Kenya
Safaricom’s mobile money service M-Pesa has crossed 30 million customers using the service every month in Kenya. The milestone comes…
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News
Standard Chartered Bank opens applications for its 5th cohort of its Women in Tech program
Standard Chartered Bank has opened applications for the 5th cohort of its Women in Tech incubator program. The program, which…
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BUSINESS
M-PESA turns 15, processes more than 61 million transactions a day
Safaricom’s mobile money platform M-Pesa turns 15 today. The service which has been ranked as Africa’s largest fintech processes more…
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Startups
Kenyan startup MarketForce raises $40M to scale its merchant inventory financing program
Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa Today, MarketForce has raised $40…
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Startups
BitKE to host a webinar on startup funding in Africa, register to attend now
2021 was the biggest year, so far, in the history of funding for African startups which saw over $4.6 billion…
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BUSINESS
Chumz is a new investment app that lets Kenyans invest as little as Ksh.5
Chumz Investment app: The last couple of months have seen a number of investment apps being launched in the Kenyan…
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COLUMNS
BEN ROBERTS: At the cusp of change, the Internet Engineering Task Force adds an African voice to the institution
The Internet Engineering Task Force (IETF) has recently announced the appointment of Andrew Alston to the position of Routing Area…
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Startups
Insurtech startup Casava secures $4m pre-seed funding to provide affordable insurance for millions of Nigerians
Nigeria’s digital insurance company Casava has secured US$4 million in pre-seed funding to provide affordable and accessible insurance products for…
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Startups
African Focused VC Firm TLcom Secures First Close of $150mn Pan-African Tech Fund
TLcom, the Africa-focused venture capital firm has announced a first close of $70mn for its $150mn Africa focused tech fund…
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BUSINESS
Bank of Uganda grants Yo-Uganda Payment System Operator License
Yo-Uganda Limited has been granted a Payment System Operator License by the Bank of Uganda. The license issuance comes after…
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COLUMNS
TEJPAL BEDI: Regulating digital lenders in Kenya: The benefits for consumers and industries
In 2021, President Kenyatta approved an amendment that gives the Central Bank of Kenya powers to license and oversee previously…
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Apps
3 trends set to dominate African mobile apps in 2022
In 2021, the mobile industry in sub-saharan Africa continued to show incredible resilience against the impacts of Covid-19 and experienced…
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Startups
Sankore Pitch Competition is coming to Nairobi targeting blockchain startups
Nairobi-headquartered blockchain community Sankore is launching the Sankore Pitch Competition Tour (PCT) in Nairobi. The pitching competition is targeting startups…
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News
Fourth edition of Africa Tech Summit Coming to Nairobi This February
One of Africa’s top tech events the Africa Tech Summit is coming to Nairobi. The event will take place on…
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News
Nigeria’s CcHUB invested in over 11 high-growth African startups in 2021
Nigeria’s technology innovation centre Co-creation Hub (CcHUB) invested in over 11 tech startups in Africa in 2021 through its new…
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News
AKSHAY GROVER: Elevating Digital Payments For a Cashless Future in Africa
COVID-19 has propelled the adoption of digital payments platforms for millions of people across the African continent. The need for…
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INSURANCE
MFS, Heritage Insurance launch digital insurance platform with motor insurance installment plan
Kenyan fintech firm Mobile Financial Solutions (MFS) Technologies has launched a digital insurance booking platform to meet the growing demand…
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Startups
Ventures Platform Closes its First $40M Pan-African Fund
Nigeria-based Ventures Platform has announced the first close of its $40 million pan-African fund to invest in market-creating innovations across…
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Startups
Nigerian online learning platform Edukoya raises $3.5 million in pre-seed funding
Nigerian online learning platform Edukoya has raised $3.5 million in pre-seed funding led by European VC firm Target Global. The…
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News
Cassava Technologies and Mitsui Sign MoU to Accelerate Digital Transformation in Africa
Cassava Technologies has entered into a memorandum of understanding (MOU) with Mitsui for the development of digital infrastructure and services…
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Startups
Auto financing startup Autochek Africa begins loan services for brand new cars
In what it says is to further deepen mobility, Autochek Africa, the leading auto tech platform, has launched a dedicated brand new…
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Startups
Kwara partners with Workpay to offer HR and Payroll services to SACCOs in Kenya
Kenyan fintech startup Kwara has partnered with Workpay to offer SACCOs in Kenya with human resource management and payroll processing solutions. The partnership…
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News
4G Capital and CGAP to Develop Financial Stress Early Warning System
Financial technology credit provider, 4G Capital has developed a new tool that identifies financial stress and helps protect low-income consumers…
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CLOUD
Africa Data Centres Unveils 10MW Data Centre in Lagos
Africa Data Centres has officially opened its new 10MW data centre facility in Lagos, Nigeria. The new facility, the company…
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Startups
Pan African smart technologies venture studio Adanian Labs opens applications for its 2021 venture building program
Adanian Labs, a Pan African smart technologies venture studio with a mission to build 300 impact-driven startups across Africa has…
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