Tag: Fintech

DPO Group is being fully acquired by Network International

Africa’s online commerce platform DPO Group is being acquired by Network International

DPO Group (DPO), one of the leading, high-growth online commerce platforms in Africa has announced that it is being acquired by Network International. Network International,...
OnePay Morocco

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 distributor of means of payment...
Ukheshe

South African Fintech Startup, Ukheshe, Launches service to Assist With COVID-19 Infection Alerts

South African fintech startup Ukheshe, has launched a Track and Trace service using its existing payment ecosystem to assist consumers manage any possible risk...

[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, BongoHive, in partnership with Financial...

Visa’s Fast Track Program Propels Growth of the Fintech Industry Worldwide

Visa today announced its continued support of the global Fintech community, having grown the Fast Track Program to over 140 Fintechs. Since expanding globally in mid-2019,...

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 an exclusive startup engagement program...

South Africa’s Fintech Firm e4 Appoints Fikile Sibiya as its Chief Information Officer

South Africa's fintech software specialist, e4, has announced the appointment of Fikile Sibiya as its Chief Information Officer. Fikile will oversee the vision, leadership,...

South Africa’s Cloud platform builder Jini Guru partners with Azilen to build fintech solutions...

South Africa's cloud platform builder, Jini Guru is partnering with Azilen Technologies, a product engineering company, to build innovative fintech solutions for emerging markets. According...

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. The fintech challenge gives the...

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 first Fintech Investment in...

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 round is Aella’s second...

Five African credit scoring startups selected for ENGIE challenge at the Africa Tech Summit

French multinational energy utility company ENGIE has announced the five credit scoring startups that will pitch on the Africa Startup Summit at the Africa Tech Summit...

Decentralized Finance Conference to held in Nairobi in March

Fintech companies or startups are making Africa a leading global Innovation Hub. To help organisations understand this Kesho Labs Development Studio, a Kenyan based...

[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 has been a welcomed...

Here Are The Five Zambian Startups Selected For FinTech4U Accelerator Programme

Five Zambia-based fintech startups have been selected to join the FinTech4U Accelerator Programme in January 2020. The five were selected out of the 35...

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 first announced funding round of...
4G Capital sets up shop in Uganda to empower micro and small enterprises. Photo/4G Capital

4G Capital Raises $4million Funding For Onward Lending To MSMEs in Kenya And Uganda

4G Capital has announced the completion of its second round of fundraising.  The investment was secured by a $2m debt facility from Ceniarth LLC,...
Visa launches new initiative to support Small Businesses in Kenya

Visa is partnering with MFS Africa to boost digital payments among African consumers and...

Visa and pan-African fintech leader MFS Africa have announced a partnership to boost digital payments among African consumers and businesses. This new partnership, according to...
Upesi Money transfer Diaspora Remittance

Four ways fintech is changing international money transfer space

According to recent data from the Central Bank of Kenya (CBK), diaspora inflows in the country rose to Ksh30.4 billion ($295.3 million) in June...
Upesi Money transfer Diaspora Remittance

Consumer benefits of using fintech for diaspora remittance

For most Kenyans living abroad, sending money back home can at times be a costly and a complicated ordeal. Traditionally, most of these Kenyans...

Payments technologies are disrupting the finance industry

Advancements in payments technologies have disrupted the finance industry in a very huge way. Payments transactions have completely evolved from simple cash payments to...
Equity Bank

Equity Bank’s diaspora remittance volumes hit Sh100 billion in just nine months

Equity Bank's diaspora remittance volumes hit Sh100 billion in the nine months to September. This helped boost the lender's forex trading income to Sh....

Visa is investing $200 Million in Nigeria’s fintech firm Interswitch

Visa is investing $200 million for a 20% stake in Nigeria's digital payments company Interswitch. This minority equity stake acquisition by Visa now makes...

Fintech company e4 appoints Grant Phillips as its new CEO

South Africa’s Fintech software company e4, has announced the appointment of Grant Phillips as its new Chief Executive Officer. Having previously run large multinational...

South Africa’s fintech startup uKheshe wins 2019 Global Fintech Hackcelerator Programme

South Africa’s QR cash card and microtransaction platform, uKheshe, has won the 2019 Global Fintech Hackcelerator Southern Africa competition. Launched by the South African Reserve...

U.K announces a Ksh.1.3 billion fund to support Kenyan fintech startups

The United Kingdom has announced a Ksh. 1.3 billion fund to support fintech startups in Kenya. This announcement was made by The Lord Mayor...

CredoLab, a Singapore-based credit scoring startup has launched in Kenya

Singapore-based fintech startup CredoLab has launched in Kenya. The firm had in July this year announced its plans to expand its operations to Sub-Saharan...

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 continent’s Fintech firms have...

Boost your business profits with SwitchLink Africa’s Seamless Payment Processing service

If you run a business, it’s time to integrate payment processing with your accounting and ERP software.  The payments processing industry in Kenya has...
Ukheshe

SA fintech startup uKheshe raises seed funding from FiTech Ventures and Ocean on 76.

South Africa's fintech startup uKheshe has raised its first seed investment round 10 months after launching its financial inclusion platform. The startup has raised...

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 in its Mobile Economy,...

JUMO appoints Buhle Goslar as its Africa CEO

South African fintech company JUMO has appointed Buhle Goslar as its Africa CEO. The company also appointed Ashish Desai as its CEO for India. The appointments...

Understanding Mobile Wallets in Africa

The demand for mobile wallets is really high these days, especially in Africa. A mobile wallet (also called digital wallet) stores payment information on...

[Column] Fintechs are disrupting the local traditional remittance market

Data from the Central Bank of Kenya (CBK) shows that diaspora inflows in the country rose to Ksh30.4 billion ($295.3 million) in June compared...

Time for every business to adopt integrated payments

If you run a business, every time you accept payments from your customers, their’s a cost. The costs are especially more obvious when dealing...

Three fintech startups admitted to Kenya’s Regulatory Sandbox

Three Kenyan fintech startups have been admitted to the Kenyan Capital Markets Regulatory Sandbox. The startups are Pezesha Africa, a micro-lending marketplace and Innova...

DPO Group acquires South Africa’s payment processor PayFast

African Payment Service Provider (PSP) DPO Group has announced its acquisition of South Africa's payment processor PayFast. The deal by the Nairobi headquartered DPO...

India Based B2B payments platform PayMate raises $25 million to expand to Africa

India based PayMate, a B2B payments platform has raised $25 million in a new series D round from Visa to expand to Africa, Eastern...

CredoLab, Singapore-based credit scoring startup is expanding to Sub-Saharan Africa

Singapore-based fintech startup CredoLab is expanding its operations to Sub-Saharan Africa. The firm is expanding into the region’s fintech market with the addition of...

Egypt’s fintech startup XPay raises $250,000 in pre-seed funding

Egyptian fintech startup XPay has secured $250,000 in pre-seed funding from two angel investors. XPay is part of the cohort currently participating in Startupbootcamp...

We want to be a world-class leader in Microfinance lending in East and Central...

According to the World Bank, less than a quarter of adults in Sub-Saharan Africa have access to formal financial services. What this basically means...

Upesi Money Transfer: International Money Transfer Made Easy

Fintech or financial technology seems to be in the news all the time these days. Some of the amazing ideas coming out of this...

SwitchLink Africa – Leveraging technology to drive efficient remittance

Latest data from the Central Bank of Kenya (CBK) indicates that Kenyans living and working abroad sent home Sh67.16 billion in the first three...
4G Capital sets up shop in Uganda to empower micro and small enterprises. Photo/4G Capital

4G Capital sets up shop in Uganda to empower micro and small enterprises

4G Capital has opened new offices in Uganda to empower micro and small enterprises (MSMEs). The company commenced operations in Kalerwe and Nakawa markets...

The Mastercard Engage programme is launching in Kenya targeting fintechs

The Mastercard Engage programme is expanding in sub-Saharan Africa targeting fintechs in Kenya and Nigeria. Mastercard says the first Engage events will be held...
Africa eXellerator Hub launch in Nairobi

Standard Chartered launches its first Africa eXellerator innovation hub in Kenya

Standard Chartered Bank today opened its Africa eXellerator innovation hub in Kenya to support and work with fintechs in the country and across Africa....
Visa Everywhere Initiative

Visa to reward $100,000 To Women Entrepreneurs in Global Competition

In celebration of International Women’s Day, Visa has announced the launch of the first Visa Everywhere Initiative: Women’s Global Edition. The global program invites...
Nigeria's OneFi secures $5M Debt Facility from Nairobi-based Lendable

Nigeria’s OneFi secures $5M Debt Facility from Nairobi-based Lendable

Nigeria's fintech startup Finance Limited (OneFi) has today announced that it has secured a $5M debt facility for its consumer-facing facing platform, Paylater. The...
TeamApt Product Shot 2 (lr)

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 round, led by Quantum...

WorldRemit has launched low-cost digital money transfers from South Africa

Digital money transfer service WorldRemit has launched its low-cost digital money transfer service from South Africa to over 145 destinations worldwide. Using the WorldRemit app or website,...
Branch International

Branch raises Ksh 500M arranged by Centum-owned advisory firm, Barium Capital​

All commercial paper issuances have been arranged by the Centum-owned advisory firm, Barium Capital. This latest investment will be used to expand Branch’s services in Kenya.

Cellulant is building a single payments API for Africa’s fintech companies

Cellulant has announced plans to build an application programming interface (API) for Africa’s payments companies to solve payment problems in Africa. The interface according...

The Opportunity Cost of Doing Business for SMEs in Africa

The African economy has gathered momentum over the years, with an estimated increase of 3.8% of the real output growth in 2017. As the...

IFRS 9 – Why Credit Bureaus Are The Ideal Partner?

Financial institutions around the globe are feeling the heat from the introduction of IFRS 9 impairment reporting. Credit Bureaus offer the most effective solution for compliance and...

Fintech flourishes in Uganda as regulation remains hands-off for now

Financial technology is flourishing in Uganda, thanks partly to the enormous popularity of mobile money and payment systems and partly to the hands-off approach...

“Africa is the Silicon Valley of banking”, say co-founders of TagPay

The rise of fintechs might be shaking up the banking sector in developed countries, but African banks are taking full advantage of this technological...

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 overall winner of a...

Fintech may have a more profound impact on financial services in Africa

Fintech may have a more profound impact on financial services in Africa than in Europe or the US. this is according to the more...

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 setting up a sandbox...

Finnovation Kenya 2018: Collaboration way forward to driving constructive economic outcomes from the...

Finnovation Kenya 2018 summit kicked off today at the Radisson Blu Nairobi, bringing together more than 200 FinTech experts to discuss about the future...

Finnovation South Africa 2018: How FinTech is Accelerating Digital Transformation of Banking in Africa

The unique environment for financial services in Africa is fertile ground for innovative FinTech players who are capitalising on the opportunities to disrupt or...

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 than 300 participants from...

Submissions for Ecobank’s 2018 Fintech Challenge now open, targets African Startups

Ecobank has launched its 2018 Ecobank Fintech Challenge for African startups. Now in its second year, the initiative gives African startups the chance to...

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 banking across the continent....

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 to FinTech startups gather...

Digital credit scoring is paving the way to more affordable microloans in East Africa.

Fintech companies are using digital technology to score the creditworthiness of people in emerging markets, potentially enabling millions of people in East Africa to...

FinTech players to gather in Nairobi for the Finnovation Africa Series summit

More than 300 participants from established banking powerhouses to FinTech start‐ups will in May gather in Nairobi for the Finnovation Africa 2018 summit. The...

The Main FinTech Disruptors of International Money Transfers

The international money transfer market has experienced significant changes since the turn of the last century, primarily because of the Internet’s widespread coverage and...

Addressing Financial Inclusivity through Digital Democracy: Is Bitcoin the digital version of gold?

Financial inclusivity is a pre-requisite for building any economy, none more so than in Africa. Acknowledging the role Fin-Tech is playing in redefining financial...

Regional and international experts gather in Nairobi to discuss the future of payments in...

The 2017 Seamless East Africa conference kicked off in Nairobi today, bringing together regional and international experts to discuss the future of payments in...

Kenyan Fintech Innovators benefit from first ever Africa Fintech Unconference

Kenyan Fintech innovators were part of the Fintech innovators from across the continent that took part at the first ever Africa Fintech Unconference 2017 held...
Cellulant’s Ken Njoroge (pictured right) with the winners of the African FinTech 2016 in Johanesburg, South Africa at the conclusion of the Awards.

Cellulant beats Mpesa to win Best Payments and Transfers Company Award at African FinTech...

Pan-African mobile commerce company Cellulant, emerged the winner of the Payments and Transfers category in this year’s African FinTech 100 Awards. The company received...

NetGuardians Africa nominated for the 2016 African FinTech Awards.

NetGuardians has been nominated for the 2016 Africa FinTech Awards. The innovative Swiss Fintech company which was  inaugurated in Nairobi, Kenya in 2016 to...

FINCA and First Access Announce World’s Largest Microfinance Fintech Collaboration

FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, has announced a new collaboration that will create the...

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Budget Nokia C3 Goes Official with 3GB of RAM, Android 10...

Nokia has announced Nokia C3, an additional budget-focused device meant for consumers with slender wallets. The company maintains its clean Android mantra with this...