Fintech
-
Startups
Nigerian fintech startup Grey expands to Kenya to enable freelancers send and receive money from abroad
Over the last few years, there have been conversations around PayPal being unfriendly to its users, mainly freelancers in Africa.…
Read More » -
Startups
This Nigerian fintech is simplifying banking for immigrants
Nigerian fintech startup Vesti is changing the way immigrants access banking services around the world. The company launched by two…
Read More » -
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…
Read More » -
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…
Read More » -
News
Kenyan fintech Bamba raises $3.2m seed funding to scale
Kenyan fintech startup Bamba has secured $3.2m in seed funding to scale its app and build out its team. Venture capital…
Read More » -
News
Kenyan Fintech Hisa Joins NVIDIA Inception Programme
Hisa App, a Kenyan mobile investment platform that allows anyone in Kenya to invest in U.S. stocks and ETFs using…
Read More » -
Startups
Egyptian Fintech Paymob raises $50M in Series B funding
The continued attention on African fintech startups is attracting unprecedented attention and investments from high-ranking venture capitalists. The latest such…
Read More » -
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…
Read More » -
Startups
SA Remittance Fintech Mama Money Aims to offer Lowest Transfer Charges
Fintech startups in Africa are doing a spectacular job at revolutionizing remittances, accessibility, saving, and the whole culture surrounding finances.…
Read More » -
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…
Read More » -
News
Tanzania’s fintech NALA partners with Cellulant for diaspora remittance
Tanzania-based fintech startup NALA has partnered with Pan-African payments company, Cellulant to power payments from the United Kingdom and the…
Read More » -
News
Visa’s innovation studio in Kenya to offer virtual cards for local banks and fintechs
A couple of weeks ago, digital payments leader Visa opened its first African Innovation Studio in Kenya. The new studio…
Read More » -
News
CcHUB, Google unveil 9 Startups selected for the Fintech Incubation Programme in Rwanda
Nigeria’s technology innovation centre Co-creation Hub (CcHUB) in collaboration with Google, Ministry of ICT and Innovation Rwanda, and Mojaloop Foundation…
Read More » -
News
BFA Global and FSD Africa launch a $3.3m fintech venture launcher for climate resilience in Africa
BFA Global and FSD Africa have unveiled a new venture launcher to support entrepreneurs in the fintech for climate resilience…
Read More » -
News
Infinix enters the fintech space, launches a digital wallet
Mobile device manufacturer Infinix has launched a digital wallet to be integrated into its devices. Known as the Infinix Wallet,…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
News
Payment service provider i2c partners with Visa for fintech processing in the MENA region
US-based payment service provider i2c Inc has announced a new partnership with Visa as a fintech processor in the MENA…
Read More » -
BUSINESS
Safaricom and Gulf African Bank launch Shari’ah-compliant mobile financing solution
Safaricom has partnered with Gulf African Bank to launch Halal Pesa, the first Sharia-compliant mobile and digital financial product. The…
Read More » -
BUSINESS
Fintech firm DPO Group announces new pan-African partnerships
Payment service provider DPO Group has announced three new partnerships with companies in the digital payments sector including Mastercard. The…
Read More » -
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.…
Read More » -
News
Kenya looks to FinTech to supercharge financial inclusion, report
Kenya has the opportunity to become a continental leader in FinTech and dramatically boost financial inclusion by enhancing the existing…
Read More » -
Startups
10 African Fintech Startups Selected for CATAPULT: Inclusion Africa Special Dubai Edition
The LHoFT Foundation has announced the 10 African fintech startups that will take part in the special edition of CATAPULT:…
Read More » -
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)…
Read More » -
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…
Read More » -
BUSINESS
Equity Bank Awarded for Leading in E-Commerce payment volumes
Equity bank has been honoured with two awards by Visa for leading in Visa generated volumes in 2021. The bank…
Read More » -
Startups
Luno launches investment arm to support fintech and crypto startups
Cryptocurrency exchange platform Luno, a subsidiary of Digital Currency Group (“DCG”), today announced the launch of Luno Expeditions, an early-stage…
Read More » -
Startups
Kenyan fintech 4G Capital raises $18.5M from Lightrock
Kenyan fintech credit provider 4G Capital has raised $18.5 million in Series C funding from global private equity firm Lightrock. …
Read More » -
Startups
Bank of Ghana Suspends Fintech Operator Dash
The Bank of Ghana(BoG) has ordered Dash, one of the country’s leading fintech operators to immediately cease offering a number…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
BUSINESS
Mobile payments and financial services firm Paga Group launches its payment gateway in Ethiopia
Mobile payments and financial services company Paga Group has partnered with the Bank of Abyssinia, amid regulatory approval from the…
Read More » -
Startups
South African fintechs Payflex and Merchant Capital launch cash advance solution for small retailers
Two South African fintechs, alternative lender Merchant Capital and buy-now-pay-later (BNPL) specialist Payflex, have launched a cash advance solution for small…
Read More » -
Startups
3 Kenyan startups selected for Catalyst Fund fintech accelerator
Three Kenyan startups are among the six selected to join the tenth cohort of the Catalyst Fund fintech accelerator. The…
Read More » -
Startups
African fintech Flutterwave rebrands, introduces new products and services
African fintech startup Flutterwave has unveiled a significant re-brand and identity at Flutterwave 3.0, a virtual event held on Friday, 18th February…
Read More » -
Startups
[African Startup Review] Pie Kamau: Nigerian fintech Flutterwave is now Africa’s highest valued Unicorn
As the African fintech space continues to bloom, so does the funding. Flutterwave, the San Francisco-headquartered and Lagos-based company that…
Read More » -
COLUMNS
The biggest fintech trends changing the face of payments in emerging markets
Last year saw an unprecedented rate of change in the financial sector, with huge growth in the use of digital…
Read More » -
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…
Read More » -
Startups
African fintech Flutterwave valuation rises to over $3B after $250M Series D funding
African fintech firm Flutterwave has tripled its valuation to over $3 billion after raising $250 million in Series D funding.…
Read More » -
Startups
Egyptian digital investment startup Thndr raises $20m to democratize investing in the MENA region
Thndr, the Egyptian digital investment platform has announced a new $20 million series A investment round. The funding was co-led…
Read More » -
Startups
African fintech mobility startup Moove raises $10 million financing from NBK Capital Partners
African fintech mobility startup Moove has closed a US$10 million financing facility from NBK Capital Partners. Moove is Uber’s exclusive…
Read More » -
Startups
South African fintech startup CompariSure raises $980k pre-Series A funding for expansion
South African fintech startup CompariSure has raised $980,000 in pre-Series A funding round for expansion in the South African market.…
Read More » -
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…
Read More » -
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…
Read More » -
Startups
Kenyan fintech startup Zanifu raises $1M funding, eyes Ghana and Uganda expansion
Kenyan fintech startup Zanifu has closed a $ 1 million seed round to scale its business and improve on its…
Read More » -
Startups
Canadian fintech startup Periculum launches in Nigeria to build credit assessment infrastructure for Africa
Canadian fintech startup and credit assessment company Periculum, has launched in Nigeria to tackle the challenge of domestic credit to…
Read More » -
BUSINESS
Riding-hailing platform MARAMOJA opens its API to Fintechs and Insurtechs in Kenya
Kenya’s Riding-hailing Platform, MARAMOJA Transport has opened its API to local fintechs and Insurtechs. Through a new partnership with Switchlink…
Read More » -
Startups
Egyptian fintech startups called to apply for Orange Ventures seed challenge
Orange Ventures has opened applications for its Seed Challenge that will see the VC form award one fintech startup from…
Read More » -
News
Kenyan fintech startup Alvin raises $740,000 pre-seed funding
Kenyan fintech startup Alvin has raised a $740,000 pre-seed funding round led by Nigerian venture capital firm, Ingressive Capital. Other…
Read More » -
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…
Read More » -
News
Irish fintech Pipit Global and Cellulant extend partnership to 12 new African markets
International cash payments platform Pipit Global and Cellulant have extended their partnership agreement to now include eighteen countries in Sub-Saharan…
Read More » -
News
Kenyan fintech startup Paylend raises $2m seed investment to accelerate growth
Paylend, a Kenyan fintech startup focused on providing access to finance and digitizing MSMEs in Kenya has raised $2 million…
Read More » -
News
FSD Africa announces a £3m investment in Kenyan fintech firm MFact
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has today announced a £3m investment in Kenyan fintech firm…
Read More » -
Startups
Fintech startup Tanda inks deal with Twiga Foods to enable vendors vend its digital financial services
Kenya’s fintech startup Tanda has today announced a new partnership with Twiga Foods that will see Twiga vendors become a…
Read More » -
COLUMNS
LEON KIPTUM: Kenya’s economy could benefit from fintech growth and innovation
Financial technology (Fintech) has been a key driver of growth in the financial services sector in the face of the…
Read More » -
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…
Read More » -
Startups
Egyptian fintech startup KlickIt raises undisclosed amoung of funding
Egyptian fees management and digital collection platform, KlickIt, has announced the closing of its first investment round to further develop…
Read More » -
Startups
Kenyan fintech startup Asilimia raises $2 million in pre-seed funding
Kenyan fintech startup Asilimia has raised $2 million in pre-seed funding to expand its operations to new markets in East Africa.…
Read More » -
Startups
South Africa’s fintech firm Ozow raises $48 million Series B round
South African fintech firm Ozow has raised a US$48 million Series B funding round led by Chinese internet giant Tencent. …
Read More » -
CLOUD
Microsoft supports Kenya’s financial services providers with tailored Cloud solutions
Microsoft has reaffirmed its commitment to assisting Kenyan financial services providers in their digital transformation by providing specialized Cloud solutions.…
Read More » -
Startups
Fintech Startup Kwara and Lami Technologies partner to provide insurance products for SACCO members in Kenya
Kenyan fintech startup Kwara has today partnered with insurtech company, Lami Technologies, to provide Savings and Credit Co-operative Society (SACCO) members in…
Read More » -
News
Standard Bank partners with Flutterwave to build digital payments solutions in Africa
Standard Bank has partnered with African fintech company Flutterwave to build digital payments solutions for the different markets the bank…
Read More » -
News
African fintech startup Payday joins Techstars Toronto Accelerator program
Pan-African fintech startup Payday has joined Techstars Toronto Accelerator program. Techstars is an operational investment company that assists founders and…
Read More » -
News
MFS Africa signs agreement to acquire Nigerian fintech startup Baxi
Pan-African digital payments hub MFS Africa signed an agreement to acquire Baxi, one of Nigeria’s super-agent networks. The deal, which is…
Read More » -
News
[This Week in Tech] Wapi Pay founders step down from their roles
This has been quite an interesting week in tech in Africa. We covered a number of great announcements here at…
Read More » -
Startups
Wapi Pay founders Eddie and Paul Ndichu step down from their roles
Wapi Pay Board of Directors on Tuesday announced that the company’s founders; Eddie and Paul Ndichu will be stepping down…
Read More » -
News
Kepple Africa Ventures revokes its investment stake in Kenyan fintech startup Wapi Pay
Japanese VC firm Kepple Africa Ventures has announced that it will be revoking its investment in Kenyan fintech startup Wapi…
Read More » -
New Appointments
Cellulant Confirms Akshay Grover as New CEO
Kenyan-based payments firm Cellulant has named Akshay Grover its new CEO effective May. Akshay has been holding the position in an acting capacity…
Read More » -
COLUMNS
Mark Dankworth: The connected continent
Mobile transacting is fast becoming the golden egg of financial services – and nowhere more so than in Africa. According…
Read More » -
News
African fintech startup Payday raises $1m pre-seed to build Africa’s PayPal
Payday, a Pan-African financial technology company has raised one million dollars to build out what they believe will be the…
Read More » -
BUSINESS
Mastercard and Zambian fintech firm Digital PayGo launch merchant mobile payments solution for SMEs
Mastercard has partnered with Zambian-based fintech company, Digital PayGo, to launch a new merchant mobile payments solution for SMEs in…
Read More » -
Interviews
[Interview] Femi Apesin, OnePipe Growth & Marketing Lead: We are making API integration seamless for African banks and fintech companies
The African fintech space has been growing rapidly in Africa over the last few years. Fintech generally refers to companies…
Read More » -
News
Nigeria’s B2B payments platform Verto secures $10m Series A round for expansion
Nigeria’s B2B payments platform Verto has announced that it has closed $10 million in Series A funding for expansion. The round was led…
Read More » -
News
GVG announces seamless payments interoperability solution for Governments
Leading regulatory technology developer and Big Data Analytics firm Global Voice Group (GVG) on Wednesday launched a new payment interoperability…
Read More » -
News
Equity Group’s Finserve Africa Bags 2021 E-Commerce Award
Equity Group’s fintech subsidiary, Finserve Africa, has been named the best in E-commerce – Banking/Financial and Insurance Services Gold Category…
Read More » -
News
TONNY TUGEE: Fintech in Kenya – an industry of innovation
Almost every industry across the globe is undergoing rapid digital transformation, and the world of finance is no exception. Technology…
Read More » -
BUSINESS
M-PESA is now Africa’s Largest Fintech, Hits 50 Million Active Customers
Safaricom’s mobile money platform M-Pesa has reached 50 million monthly active customers in Africa, making it the continent’s largest fintech.…
Read More » -
News
![[South Africa] Fintech specialist e4 Girls in STEM programme](https://techtrendske.co.ke/wp-content/uploads/2021/09/e4-team-at-Diepdale-Secondary-School-390x220.jpeg)
[South Africa] Fintech specialist e4 launches Girls in STEM programme
Fintech specialist e4 has launched a Girls in STEM programme to provide girls in underprivileged areas in South Africa with…
Read More » -
News
South African fintech startup SOL rebrands to SOLmate
South African fintech startup SOL has announced that it’s rebranding to SOLmate. The online payment platform that offers clients a digital…
Read More » -
News
South African fintech firm Ukheshe partners with dzcard to expand digital payment solutions in Asia Pacific
South Africa’s fintech startup Ukheshe which has been on a rapid expansion to different markets has announced a new partnership…
Read More » -
News
African-focused Payments Firm pawaPay Raises $9M Seed Funding
African-focused payments firm pawaPay has raised a $9m Seed funding led by UK-based investment fund 88mph. Vunani Capital, Kepple Ventures,…
Read More » -
News
Arab Bank launches its fintech accelerator program for startups in Egypt
Arab Bank has launched its fintech-focused corporate accelerator program “AB Accelerator” in Egypt, following its successful launch in Jordan back…
Read More » -
News
Zepz, Formerly WorldRemit, Raises $292M Series E Financing, Achieves $5B Valuation
Digital cross-border payments platform Zepz, formerly WorldRemit, has raised $292 million in new primary financing, achieving a valuation of $5…
Read More » -
Startups
African Fintech startup Pngme raises $15m Series A funding
African fintech startup Pngme has raised $15 million in Series A funding as the company sets out to grow its…
Read More » -
News
PureSoftware expands its global footprint, opens first office in Kenya
PureSoftware, a software company focused on fintech, 5G and digital transformation, announced the opening of its first office in Kenya.…
Read More » -
News
Kenyan Fintech Startup Kwara Selected for Mastercard Start Path Program
Kenyan fintech startup Kwara is among the 11 startups that have been selected to join the Mastercard Start Path program.…
Read More » -
News
Ecobank Opens Applications for its 2021 fintech challenge for African startups
Ecobank Group has opened applications for its 4th edition of the Ecobank Fintech Challenge. The challenge, the bank says is…
Read More » -
News
Kenyan fintech startup Wapi Pay raises $2.2m funding to digitise Africa-Asia trade payments
Kenyan fintech startup Wapi Pay has raised $2.2 Million in pre-seed funding to scale up global payments and remittances between…
Read More » -
News
Visa signs agreement to acquire Currencycloud
Visa has announced that it has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and…
Read More » -
BUSINESS
Barclaycard Payments signs up to Mastercard Track Business Payment Service to modernise business payments
Barclaycard Payments has joined the Mastercard Track Business Payment Service, making new services available to Barclaycard Payments’ customers later this…
Read More » -
News
Banque Misr partners with Microsoft to support fintech startups in Egypt
Banque Misr has signed a Memorandum of Understanding (MoU), with Microsoft Egypt to launch the first open innovation program in…
Read More » -
News
Nigerian fintech startup TeamApt secures Series B funding
Nigerian fintech startup TeamApt has closed its Series B fundraising round, as it looks to expand its financial services beyond Nigeria. The…
Read More » -
News
Ghanaian Fintech startup Zeepay raises $7.9 million Series A funding
Ghanaian Fintech startup Zeepay, has announced the completion of a USD7.9 million Series A.0 funding. The funding is a hybrid of both…
Read More » -
News
Britam and fintech app KOA partner to enable Kenyans access low risk investment opportunities
Britam Asset Managers and Kenya-based fintech startup KOA, have today announced a partnership to offer customers access to low risk investment opportunities. This…
Read More » -
BUSINESS
PayTabs Egypt wins Best E-Payment Solution at Entrepreneur Middle East’s Leaders in Fintech Awards 2021
PayTabs Egypt, which set up operations in Cairo nearly a year and a half ago has received the prestigious “Best…
Read More » -
News
Flutterwave Partners with Amole to Facilitate Remittances into Ethiopia
Flutterwave has partnered with Ethiopia’s mobile Digital Wallet platform, Amole, to facilitate money transfer into Ethiopia. Through this partnership, Amole Wallet…
Read More » -
News
AlphaCode announces four startups taking part in the second phase of the its Incubate programme
AlphaCode has announced the four South African fintech startups that will be part of the second phase of the AlphaCode…
Read More » -
News
South African fintech startup Ukheshe expanding to Asia-Pacific
South African fintech startup Ukheshe Technologies has announced that it will be expanding its footprint into the Asia-Pacific region as it introduces…
Read More » -
News
Vista Bank selects Radar Payments to drive its digital payment strategy in West Africa
Vista Bank Group (Vista) has selected its paytech provider Radar Payments to drive its global payment processing activities in West…
Read More »