Search Results for: fintech
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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](https://techtrendske.co.ke/wp-content/uploads/2024/05/Gerald-Maithya-Image-1-390x220.jpg)
[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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News
Improving lives with AI and digital and financial inclusion in Kenya, one smartphone at a time
Jane Omondi sells freshly cooked fish from a stand on a bustling roadside in Utawala, a low- to medium-income neighbourhood…
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Startups
Norrsken22’s tech growth fund closes at $205m to back African tech startups
Pan-African venture capital firm Norrsken22 has closed its first African technology growth fund at $205m, surpassing its target of $200m. …
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News
VICTOR BASTA: The most valuable ‘white spaces’ today in African investing
In the vast and diverse landscape of African growth investing, more opportunities abound today than ever before. Africa’s recent growth…
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News
Chenosis partners with Botlhale AI to bridge language gaps in African businesses
Pan-African Accelerator Platform Chenosis has partnered with Botlhale AI Solutions to remove language as a barrier when it comes to…
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News
Nigeria’s Agritech ThriveAgric to provide 125,000 smallholder farmers with access to financial inclusion services
Nigeria’s agritech startup ThriveAgric has launched a new project to empower 125,000 smallholder farmers with financial inclusion access. Know as…
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News
TechCabal’s Inaugural Moonshot Conference brings Africa’s tech ecosystem to Lagos, Nigeria
African tech leaders and investors are set to gather in Lagos, Nigeria this October for TechCabal’s inaugural Moonshot Conference. They…
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News
Financial Literacy Among Kenyan Gen Z and Millennials Could Lead to More Growth in Online Trading
In a previous article, we featured an interview with Eva Ngigi-Sarwari, Visa’s acting General Manager and Country Manager for Kenya,…
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News
Microsoft and M-PESA Africa partner to develop digital skills for MSMEs
Microsoft is partnering with M-PESA Africa to support its Capability Development Academy. Microsoft will provide access to the Microsoft Community…
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News
Lipa Later closes $5M debt raise, targets to raise an additional $20M
Kenyan fintech Lipa Later on Wednesday announced a successful closure of a $5M (KES 500 million) privately placed Debt issuance. …
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News
Here are the 12 African startups selected for Microsoft-backed FAST Accelerator AI program
Data and AI technology company Flapmax has announced the twelve startups selected for the second cohort of the FAST Accelerator…
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News
AWS to host masterclass sessions at Africa Money and DeFi Summit in Ghana
Amazon Web Services (AWS) will host an engaging masterclass at the Africa Money and DeFi Summit set to be hosted…
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News
Kenyan insurtech Turaco acquires Ghana’s MicroEnsure to deepen affordable insurance coverage across Africa
Turaco, the Kenyan insurtech startup offering affordable insurance to users has acquired MicroEnsure Ghana from MIC Global. Under the deal,…
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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
Lipa Later gears up for public fundraising in the US as it seeks to raise more funding
After raising KES 500 million ($5 million) in a privately placed debt issuance earlier this week, Lipa Later has revealed…
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News
Catalyst Fund marks its first close to back climate tech startups in Africa
The Catalyst Fund has reached the first close of its targeted $40 million fund to invest in climate tech startups…
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News
[Kenya] Visa working with local banks to roll out Tap To Pay payment services
Tap To Pay is a concept that Kenyans have not really been accustomed to. As much as customers are gradually…
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News
BREAKING: Cellulant to lay off 20% of its workforce
Cellulant, the Kenyan-based payments firm is laying off 20% of its workforce. The restructuring exercise the fintech says is expected…
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News
Eric Jackson takes over as new Hisa CEO
Kenyan fintech Hisa has announced the appointment of Eric Jackson as its new Chief Executive Officer (CEO). Jackson takes over from…
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News
[Nigeria] Prembly acquires data sharing firm Tunnel
Prembly, which bills itself as a leading compliance and security infrastructure company in Africa has announced its acquisition of secure…
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News
QED Investors lead $12 million investment in Nigeria’s healthtech startup Remedial Health
Across Africa, 85 percent of retail medicine purchases happen at micro-enterprises, typically neighbourhood pharmacies and) and Proprietary Patent Medicine Vendors…
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News
Safaricom’s interest-free M-Pesa credit service goes live
Safaricom has finally rolled out Faraja, the interest-free service targeting customers who purchase goods via Lipa Na M-pesa. Faraja will…
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News
Smile ID H1 2023 Africa KYC Report Highlights Identity Fraud Trends and Verification Insights
Smile ID (formerly Smile Identity), the leading identity verification and digital Know Your Customer (KYC) provider in Africa, has unveiled…
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News
Applications for cohort 4 of the ASIP accelerator program open
Startupbootcamp AfriTech has opened applications for Cohort 4 of its ASIP accelerator program. Targeting early-stage startups in Africa, the ASIP Program…
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News
Flutterwave addresses Payment Challenges for African Students in Overseas Schools with new payments product
African payments to overseas schools have been hindered by a myriad of challenges. From the high cost of transactions, limited…
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News
Risana Zitha: B2B payments set to be the next focus for VC’s in Africa
Africa’s $1.5 trillion B2B payments market is ripe for innovation and represents a golden opportunity for investors and entrepreneurs looking to…
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News
Influencer Marketing Platform Aifluence wins of the Visa Everywhere Initiative Kenya Finals
AIfluence, the Kenyan AI-driven Influencer Marketing Platform has been named the winner of the Kenya edition of the 2023 Visa…
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News
Mobility financing startup Moove raises $8 million financing from Absa Bank
Moove, the mobility fintech startups has secured USD $8mn in financing from Absa Corporate and Investment Banking (CIB), bringing its total funding…
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News
Seedstars new program seeks to boost financial inclusion for women migrants
Seedstars, the global startup community and investment platform a new program to support fintech companies focused on promoting financial inclusion…
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News
Here are the five startups pitching at the 2023 Visa Everywhere Initiative Kenya edition
Payments firm Visa has unveiled the five finalists shortlisted for the final round of the 2023 Visa Everywhere Initiative (VEI).…
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News
Hillary Namunyu: How nongreen companies can apply ClimaTech solutions
This year has seen green-focused startups in Africa get more VC funding compared to other years as the world works towards reducing…
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News
15 Women-led startups selected to join Cohort 6 of Standard Chartered’s Women in Tech program
Standard Chartered Kenya in partnership with @iBizAfrica- Strathmore University has announced the fifteen women-led startups that will be joining the…
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