Search Results for: FinTech
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News
TechTrends Podcast | The State of E-commerce in Africa – A Conversation with Jumia EA Regional CEO , Vinod Goel
In this episode of The TechTrends Podcast, we sit down with Vinod Goel, East Africa Regional CEO of Jumia, Africa’s…
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CYBER SECURITY
Kenya Data Protection Crackdown: ODPC Is Fining Companies—But Is It Enough?
2024 saw the scatter-gun enforcement style of the Office of the Data Protection Commissioner (ODPC) in Kenya with 51 determinations…
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TechTrends Podcast
TechTrends Podcast | Lipa Later Goes into Administration – What Happened?
In this episode of The TechTrends Podcast, we unpack the surprising news of Kenyan BNPL startup Lipa Later going into…
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News
How Technology is Revolutionizing and Unifying Africa’s Forex Markets
Forex markets in Africa have historically been fragmented, with things like varying regulations, currency fluctuations, and limited accessibility affecting seamless…
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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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Startups
Yango Group Launches $20M Ventures Fund to Support African Startups
Global ride-hailing and tech conglomerate Yango Group has announced the launch of Yango Ventures, a $20 million corporate venture fund…
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News
Connected Africa Summit 2025: How Africa’s Digital Future is Taking Shape
William Kabogo, the Cabinet Secretary for Information, Communications, and the Digital Economy of Kenya, has officially launched the Connected Africa…
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News
Kenya AI Strategy 2025-2030 Unveiled: A Bold Move Toward AI-Powered Digital Transformation
Kenya has officially unveiled the Kenya AI Strategy 2025-2030, positioning itself as a possible African leader in artificial intelligence innovation.…
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News
Five Tech Startups Emerge as Winners at AfricArena Johannesburg 2025
Five African startups have been named winners at AfricArena Johannesburg 2025. AfricArena Johannesburg 2025 is a two-day Founder’s Summit that focuses…
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Startups
Safaricom Opens Applications for Spark Accelerator Program Phase 2
Nine startups who are part of the inaugural cohort of the Safaricom Spark Accelerator Program recently part in an investor…
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CYBER SECURITY
Foreign Cyber Threats in Kenya: National Strategies for Digital Defense
Cyber threats have become a national security challenge as Kenya is rapidly digitizing. Its digital assets, from financial institutions to…
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News
NFT Fundraising in Kenya: A Legal Loophole or the Future of Startup Capital?
In an unprecedented declaration, the Commissioner of the US Securities and Exchange Policy (SEC) – Hester Peirce – hinted that…
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News
Safaricom Annual Engineering Summit EA Edition Kicks Off in Nairobi
Safaricom has today kicked off its third edition of the annual Safaricom Engineering Summit. The summit provides a platform for…
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News
New Kenyan ID Cards Rejected? Here’s Why You Can’t Get a SIM or Bank Account
For a newly minted young Kenyan‘s national ID, the natural follow-on is to register for a SIM card and bank account. But many are now finding that the new ID documents are being denied by banks and telecom…
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News
How Digital Payments Are Promoting a Cashless Economy in Africa
Digital payments are playing a very important role in changing Africa’s economy by promoting financial inclusion and minimizing dependency on…
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BUSINESS
Safaricom’s Mobile Money Service M-Pesa Turns 18
Safaricom’s mobile financial service M-PESA has today marked 18 years since its launch in March 2007. M-PESA is currently available…
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Featured
Kenya’s Telecom Wars: What’s Driving Consumer Choices and Industry Competition?
One of Africa’s rapidly growing sectors is Kenya’s telecom sector, boasting over 65 million mobile subscriptions and a growing demand…
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News
Konza Technopolis: The Rise of Kenya’s Silicon Savannah
Kenya’s dream of becoming Africa’s technology hub is coming true as its flagship smart city project – Konza Technopolis –…
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Startups
MANSA Raises $10M to Tackle Cross-Border Payments Liquidity Challenges
MANSA, a global fintech innovator in cross-border payments, has announced the successful close of its $10 million funding round. This…
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News
TechTrends Podcast | Raenest’s Victor Alade on Simplifying How Africans Manage Their Money Across Borders
In this episode of the TechTrends Podcast, we sit down with Victor Alade, CEO and co-founder of Raenest, to explore…
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News
Africa Tech Summit Awards 2025 Winners Announced
Africa Tech Summit Awards announced the 2025 winners, recognising the leading entrepreneurs and ventures shaping the tech industry across the…
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News
Yellow Card’s Sharon Tum on the Future of Digital Asset Adoption in Africa | TechTrends Podcast
In this episode of TechTrends Podcast, we sit down with Sharon Tum, the Senior Regional Manager- EA at Yellow Card,…
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News
Eft Corporation Rebrands, Eyes Growth and Expansion Across Africa
One year since leading fintech company Ukheshe acquired payments solutions provider EFT Corporation, the merged company is now rebranding. EFTCorp…
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TRENDING
![[Gerald Maithya] What we can learn from Africa’s small business success stories](https://techtrendske.co.ke/wp-content/uploads/2024/05/Gerald-Maithya-Image-1-390x220.jpg)
[Column] Gerald Maithya: Fostering a Thriving African Startup Ecosystem Through Collaboration
In recent years, Africa has emerged as a vibrant hub of innovation, driven by a new generation of entrepreneurs who…
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Startups
Verto Launches $10k Global Business Award to Boost Startups
Verto, the global fintech specializing in cross-border payments, and banking solutions has launched the Verto Global Business Award to support…
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News
55 finalists announced for the inaugural Africa Tech Summit Awards 2025
The Africa Tech Summit Awards has announced the 2025 finalists, celebrating individuals and companies impacting the technology sector across the…
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News
M-Pesa, PesaLink, and the CBK: The Battle for Kenya’s Financial Future
Kenya has one of the most dynamic financial systems in the world but there’s something about to change – the…
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News
Network International’s digital payment solution to power new Money Fellows offering in Egypt
Network International, a leading enabler of digital commerce in the Middle East and Africa has partnered with Money Fellows, the…
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News
Cassava Tech Secures $90M Equity, Restructures Operations
Cassava Technologies, Africa’s digital infrastructure and services provider, has announced a $90 million equity investment round, with participation from the…
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News
Microsoft, NVIDIA Partner to Boost AI Innovation and Collaboration in Africa
Microsoft, through the company’s Africa Transformation Office (ATO), has announced a new initiative to boost AI development in Africa by…
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News
Meta-Sponsored Vambo AI & Futurize Hackathon Drives Innovation at Kenya Innovation Week 2024
The recently concluded Vambo AI & Futurize Hackathon, hosted during Kenya Innovation Week 2024, spotlighted Africa’s brightest tech minds as…
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BUSINESS
Equity, Bpifrance Join Forces to Boost SME Trade Financing in East Africa
Equity has signed a trade credit financing agreement with BpiFrance, the public investment bank of France, to strengthen support for…
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News
Lowering Infrastructure Costs Key To Boosting Financial Inclusion In Africa
Musa lives in a bustling city in Nigeria. He uses his smartphone daily to make payments, send money to relatives,…
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News
Online Brokerage Market Projected to Reach $18 Billion by 2028
Projections indicate that the online brokerage market will reach $18.02 billion by 2028, at a compound annual growth rate (CAGR)…
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Startups
Money Flows Into Africa’s Climate Tech Startups
African climate tech startups are pulling in more money than ever before, overtaking fintech as the continent’s hottest investment sector.…
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Startups
African startups pitching at the finals of the L59 Pitch competition revealed
Latitude59 Kenya’s Pitch Competition has announced the 10 startups selected to compete for an invitation to Latitude59 2025 in Tallinn,…
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News
NCBA Expands Global Remittance Network With Xpress Money Partnership
About a month after partnering with Tanzanian fintech NALA to enhance the remittance process across Africa, NCBA Bank has announced…
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BUSINESS
Online trading is transforming Africa’s financial landscape
Online trading has gained significant popularity in Africa in recent years. Given the potential for lucrative returns, many Africans are…
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News
Calla PR launches digital marketplace to for African businesses
Calla PR, a leading strategic communications agency, has launched Calla Precision, a digital marketplace designed to connect businesses to their…
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News
Wasoko and MaxAB Tap Cruise CTO to Lead AI Initiatives
Wasoko and MaxAB, Africa’s largest B2B network of informal retailers, has announced the appointment of Mo Elshenawy as an Independent…
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Apps
LOOP app’s new Money Pool feature combines your group’s savings into one spot
LOOP Money Pool Feature: Long before microloans or online crowdfunding, informal lending circles-also called money pools played a critical role…
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Startups
Yellow Card Closes $33M Series C Funding to Accelerate Growth
One of Africa’s largest and first licenced on/off ramp Stablecoin, Yellow Card, has announced the closing of its Series C…
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News
[INTERVIEW] Lami’s Jihan Abass on Digital Revolution for Insurance Agents
The insurtech sector in Africa is rapidly evolving, driven by technological advancements and a pressing need for accessible insurance solutions. …
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News
M-KOPA Appoints Ex-Nokia CEO Rajeev Suri as Board Chair
Fintech company M-KOPA has announced the appointment of Rajeev Suri as Chairperson of its Board, effective 1st December 2024. Suri…
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BUSINESS
Partnerships Crucial for Africa’s Role in Global Digital Economy
African leaders are calling for more strategic partnerships with the private sector to enhance Africa’s role in the global digital…
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News
Microsoft Azure Peering Service Now Live at LINX Nairobi Interconnection Hub
The Microsoft Azure Peering Service (MAPS) is now live at London Internet Exchange (LINX) Nairobi, the interconnection hub in Kenya. LINX are…
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News
Financial institutions should prioritise good customer care
Customer Service Week (CS Week) is an international event celebrated annually during the first full week in October. During this…
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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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News
Visa Introduces Tokenized Asset Platform Targeting Fiat-backed Tokens
Visa, a global leader in digital payments, has unveiled the Visa Tokenized Asset Platform (VTAP) designed to help financial institutions…
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News
Palau, Soramitsu Unveil Blockchain-Based Savings Bonds System
The government of Palau in collaboration with global fintech, Soramitsu, and Japan’s Ministry of Economy, Trade and Industry (METI) have…
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News
KaiOS smart-feature phones to intergrate Mastercard’s payment technology
KaiOS Technologies, a leading operating system that brings internet to affordable devices has announced a collaboration with Mastercard to integrate a…
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News
Mobile money driving financial inclusion in Africa
Mobile Money in Africa: According to a report by the Mastercard Foundation, Africans have some of the lowest levels of…
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Interviews
[Interview] Watu Africa’s Erick Massawe Explores E-Mobility Financing Trust Shifts
Asset financing for e-mobility is steadily gaining momentum in Kenya and across Africa, driven by increasing demand for Electric Vehicles…
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Startups
Why Now Is a Good Time to Invest in Venture Capital in Africa
The African venture capital ecosystem has encountered significant headwinds in recent times. According to research firm Africa: The Big Deal,…
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Startups
M-KOPA reaches 5 million customers, unlocks $1.5bn in credit across 5 African markets
Emerging market fintech, M-KOPA has announced that it has surpassed 5 million customers across Ghana, Kenya, Nigeria, South Africa and…
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News
MWC 2024 to Explore Role of Connectivity in Africa
MWC 2024 Kigali, Africa’s largest and most influential connectivity event, will convene powerful innovators and political leaders from across the…
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News
Nigerian investment firm Risevest completes acquisition of Kenya’s Hisa
Nigerian fintech startup Risevest (Rise) has acquired Hisa, a Kenyan mobile investment platform that allows anyone in Kenya to invest in U.S.…
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BUSINESS
All systems go for Unstoppable Africa 2024 flagship event
The Global Africa Business Initiative (GABI) has announced its lineup and programme for its annual two-day event on the margins…
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COLUMNS
Antony Muchiri: The growing Super Apps landscape in Africa
In recent years, the digital space in Africa has undergone a significant transformation, powered by increasing internet penetration, widespread smartphone…
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News
Paymentology, Union54 unveil virtual Mastercard on ChitChat platform
Global card issuing and processing platform, Paymentology has today announced a continued partnership with Zambian fintech Union54 by introducing a…
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News
AfricArena Nairobi Summit 2024 to Boost Kenyan Startups’ Capital Raising
Nairobi’s tech ecosystem is vibrant, bustling with excitement. It’s alive with potential and promise. The upcoming AfricArena Nairobi Summit: Africa…
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News
LOOP, OPPO partner to offer financing for the new Reno12 devices
LOOP by LOOP DFS a Fintech subsidiary of the NCBA Group has partnered with OPPO to offer financing for the…
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BUSINESS
Bolt partners with Hakki Africa to finance 1,500 vehicles for its drivers
Bolt has today announced a partnership with microfinance company Hakki Africa to provide vehicle financing for drivers on its platform.…
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Apps
LOOP App Wants to be Your One Stop Shop Lifestyle App
LOOP App: Over the last couple of years, Africa has become one of the fastest-growing app markets in the world.…
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Startups
Startups Selected for Britam’s BetaLab Incubation Programme Announced
Britam’s innovation hub, BetaLab, has announced the six fintech startups selected for its 12-week pre-incubation program. Britam says these startups…
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Startups
Payment startup Sendsprint acquires US-based Nobel Financial enhance remittance services to Africa
Fintech startup Sendsprint has announced the full acquisition of Nobel Financial, a US-based global remittance service provider. The acquisition will…
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News
Effective PR Services for Increased Brand Memorability
In an increasingly crowded digital arena, where a lot of fintech and online trading industry players dwell, yet only very…
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News
Eunice Kinyanjui: We Need More Digital and Innovative Financial Solutions for MSMEs Beyond Credit
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of Kenya’s economy, contributing significantly to innovation and economic growth. According…
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BUSINESS
Kevin Ng’ang’a: Fast and Affordable Cross-Border Payments for African Businesses
As an African business aiming to leverage Japan’s,China’s and Turkey’s extensive supplier network, manufacturing power and variety of goods, efficient…
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CYBER SECURITY
Hacktivist group Anonymous sends warnings to Kenyan government to allow citizen protests
Kenyan businesses and institutions are on tenterhooks as global hacktivist group Anonymous sent warning salvos to the country’s government to…
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News
dLocal secures remittance services partnership with KCB Bank
dLocal KCB Partnership: More than a year after securing payment service provider licences from the Central Bank of Kenya (CBK)…
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Startups
List of startups selected to join Standard Chartered Women In Tech Ksh22m programme
Standard Chartered and @iBizAfrica- Strathmore University have announced the 15 startups selected to join their Women In Tech programme. This…
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News
NTT Data taps ex-visa director as head of marketing and demand generation
NTT DATA has announced the appointment of Thembeka Ngugi as the company’s Head of Marketing and Demand Generation for NTT…
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Startups
Orca Fraud raises $550k to fight fraud in emerging markets
Orca, a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud,…
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Startups
Nine startups selected for the Safaricom Spark Accelerator Program
Safaricom has announced the nine startups selected for its Spark Accelerator Program. The program aims to accelerate early-stage startups in…
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News
CBK approves LemFi’s Remittance to Kenya in partnership with Flex Money Transfer
LemFi, the cross-border payment solution that enables the diaspora community to send and receive money back home has received additional…
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News
[Gerald Maithya] What we can learn from Africa’s small business success stories
Africa is often hailed as the birthplace of some of the world’s most exciting tech startups. From Cape to Cairo,…
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Startups
Digital identity solutions provider Seamfix secures $4.5 million funding to expand across Africa
Seamfix, the Nigeria digital identity solutions provider, has secured $4.5 million from Alitheia IDF, a gender lens investing fund, in…
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Startups
Payless Africa launches in Kenya, targets the youth with new payment platform
Payless Africa, the fintech firm building digital financial solutions has launched in Kenya. With its mobile app and digital platforms,…
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Startups
Madica announces new investment in three African startups
Madica, a structured investment program designed for pre-seed stage startups in Africa has announced its first set of investments in…
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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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BUSINESS
Network International partners with Souhoola to boost BNPL in Egypt
Network International has partnered with leading fintech provider Souhoola to boost Buy-Now-Pay-Later’ (BNPL) payments in Egypt. The partnership, announced on Thursday will…
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Startups
LemFi receives regulatory approval to offer remittance services in Kenya in partnership with Wapi Pay
LemFi, the cross-border payment solution that enables the diaspora community to send and receive money back home has received approval…
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News
1Stop and Suss Ads announce new partnership
1Stop Translations and Suss Ads have partnered to offer iGaming companies entering the African markets a seamless entry into the…
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BUSINESS
MasterCard teams up with SAVA to serve African SMMEs
Mastercard and Johannesburg-based fintech company SAVA have announced a partnership to support small, medium, and micro enterprises (SMMEs) with innovative…
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News
IFC announces top 100 women-led startups in She Wins Africa Initiative
IFC has announced the names of 100 women-led startup owners selected to participate in the She Wins Africa program. She…
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News
Digital commerce in Africa to expand 25% per year by 2026
Africa has emerged as a frontier for the new online consumer class, representing an estimated 10 million new consumers in…
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News
South African climate-tech Hohm Energy secures $8m to scale adoption of rooftop solar
Amidst a growing energy crisis, South Africa finds itself in the grip of escalating power shortages, resorting to daily electricity…
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News
Moringa School partners MPesa Africa to train on Mini Applications and API Development
Moringa School, Safaricom and M-PESA Africa have partnered to provide digital API (Application Programming Interface) training and certification across Africa.…
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COLUMNS
[Mark Doumba] Kenya’s Innovation Boom: Thriving on Foreign Capital, But Can It Chart its Own Course?
As Foundry Fellows at the Legatum Center for Development and Entrepreneurship at MIT, we have the unique privilege to travel and dissect innovation and…
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News
VC firm Flourish Ventures launches African Founder Well-Being Survey
Flourish Ventures, an early-stage global fintech venture capital firm has announced the launch of a first-of-its-kind research effort named The African…
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News
Equity Bank to discontinue its EazzyBanking App in March
Equity Bank has announced that it will discontinue its EazzyBanking App, which was its pioneer mobile banking application, first unveiled…
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News
Payments firm MDP names Frank Molla as Managing Director for Africa Operations
Issuing and payment processing firm in the Middle East and Africa MDP, has appointed Frank Molla as Managing Director for…
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News
Xion Global and Callpay partner to boost web3 payment adoption in South Africa
Xion Global, a Web3 payments provider, has announced a strategic partnership with Callpay, a major player in South Africa’s payments industry.…
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News
Village Capital and Standard Chartered Bank join forces to invest in women-led startups
Village Capital has partnered with Standard Chartered Bank to pilot a financing facility to invest in the Bank’s Women in…
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News
Visa and Pesaflow partner to accelerate digital government ecosystems
Visa, a global leader in digital payments and Pesaflow, a pioneering fintech firm offering innovative digital payment solutions have partnered…
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News
Sycamore Capital exits CMA Sandbox, announces commercial launch of the Cashlet mobile savings and investments app
Sycamore Capital, a Kenyan-based fintech company, has announced its successful exit from the Capital Markets Authority (CMA) sandbox as an…
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News
Safaricom and partners launch accelerator program for local startups
Kenya’s leading telco Safaricom has launched an accelerator program targeting local startups. Known as Spark Accelerator the program aims to…
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News
Techstars and ARM Labs invest $1.4 million in 12 African startups
Techstars, one of Africa’s most active startup investors has announced the 12 startups that will take part in the second…
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News
Fuse launches $10M grant program for web3 payments innovators
Fuse Network has unveiled a $10 million grant program to support businesses by providing essential funding and infrastructure for streamlined…
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News
More than 400k locally assembled Nokia smartphones already selling in Kenya
In March this year, HMD Global, the company that owns the Nokia brand announced plans to assemble some Nokia smartphones…
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