Fintech
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News
DFS Lab Announces Fintech and Digital Economy Design Sprint for startups in Egypt
Early-stage investor DFS Lab has announced that it will facilitate a virtual design sprint in March 2021 for fintech startups…
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News
Women less likely to use mobile apps to conduct financial transactions, Caribou Digital study
Women are not using mobile apps to conduct financial transactions. This is according to a new study conducted by Caribou…
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New Appointments
Frank Molla joins BPC Banking Technologies as MD for Sub-Saharan Africa
BPC Banking Technologies has appointed Frank Molla as its Managing Director for Sub-Saharan Africa. Frank is a former Director of…
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News
[South Africa] Ocean on 76 Group CEO Prins Mhlanga joins Ukheshe as non-executive director
South Africa fintech startup Ukheshe has announced the appointment of Prins Mhlanga, CEO of Ocean on 76 Group, as a non-executive director. The appointment…
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BUSINESS
KCB inks Bank Identification Number deal with South African fintech startup Ukheshe
South Africa’s fintech startup Ukheshe has entered into a new Bank Identification Number (BIN) deal with Kenya-based lender KCB Bank Kenya. This…
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News
VC-backed free money transfer service Taptap Send is now live in Kenya
Taptap Send, a venture-backed fintech startup that lets immigrants send money back home to emerging markets instantly has launched in…
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News
Egypt’s Fintech startup Cassbana raises $1m pre-seed funding from Disruptech Ventures
Egypt-based fintech startup Cassbana has raised $1 million in a pre-seed funding round led by Egyptian fintech-focused venture capitalist fund Disruptech…
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News
[Interview] Our data marketplace is helping fill credit history gap in Sub-Saharan Africa, CARMA CEO
Fintech has become a significant force in shaping the financial services industry in Sub-Saharan Africa. As this market grows, the…
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News
Six Emerging FinTech Trends in Africa
Africa is quickly becoming the centre of new fintech innovations and adoptions. Many financial technology start-ups are coming up across…
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News
Nigerian fintech startup CredPal raises $1.5million funding round
Nigerian consumer credit startup CredPal has raised a $1.5million funding round. The funding came as the startup prepares to launch its…
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News
M-PESA has become the first African FinTech platform to join United for Wildlife Financial Taskforce
M-PESA has become the first mobile money provider in Africa to join the Financial Taskforce established by United for Wildlife.…
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News
African fintech startup Chipper Cash raises $30 Million backed by Amazon CEO Jeff Bezos
African fintech startup Chipper Cash has secured a $30 Million Series B funding round led by Ribbit Capital with participation…
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BUSINESS
WorldRemit announces Africa-focused Entrepreneurship Program in Kenya
WorldRemit, a global digital payments company, has launched an Africa-focused entrepreneurship programme in Kenya. The WorldRemit Entrepreneurs Programme will also be…
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BUSINESS
Prime Bank and SimbaPay partner for instant international money transfer
Kenya’s private bank Prime Bank has partnered with London-based fintech SimbaPay, to launch an instant international money transfer service via…
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Startups
Fintech company Kwara launches Customer Success Traineeship Program for university graduates in Kenya
Kwara, a digital banking platform in Kenya today announced the launch of a Customer Success Traineeship Program targeting university graduates.…
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BUSINESS
Fifth Africa Fintech Summit to be held Virtually Starting November 9th
Africa Fintech Summit (AFTS), the global initiative dedicated to the African fintech ecosystem, is hosted in Washington DC each April…
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News
[Interview] We’re connecting Africa one transaction at a time, Leon Kiptum, Chipper Cash Kenya boss
Financial technology – Fintech, has become a significant force in shaping the structure of the financial services industry in Africa…
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BUSINESS
Huawei, Kenya Bankers Association Partner to Drive Financial Inclusion
Huawei Kenya and the Kenya Bankers Association (KBA) have announced a new partnership that seeks to deepen financial inclusion in…
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News
Mastercard Launches New program to Empower Fintech Startups in Africa
Mastercard has launched Fintech Express, a program to provide tailor-made solutions that boost market entry and expansion for fintech startups…
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News
Does The Future Of Bitcoin Lie In Africa?
Bitcoin, since its inception in the fintech space, has been very highly regarded in most African countries. While challenges and…
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Startups
Agritech startup, Hello Tractor, joins Mastercard Accelerate Programme
Mastercard has announced the expansion of its Accelerate fintech portfolio, adding dynamic entrepreneurs to its award-winning startup engagement program Start Path and more technology…
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Startups
Ecobank Fintech Challenge 2020 Winners Announced
Ecobank has announced the winners of its 2020 Ecobank Fintech Challenge. The winners were announced after an exciting virtual event…
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Startups
South African fintech startup Ukheshe launches prepaid payments programme with Mastercard and Nedbank
South African fintech startup Ukheshe has launched its Third-Party Processing Services (TPP) in partnership with Mastercard and Nedbank. This latest…
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Startups
South African fintech startup Ukheshe among finalist of Ecobank Fintech Challenge 2020
South Africa’s SMME digital banking platform provider, Ukheshe, is among the finalist in the Ecobank Group’s 2020 Ecobank Fintech Challenge. In its third…
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News
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…
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Startups
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…
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Startups
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…
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Startups
[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,…
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News
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.…
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Startups
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…
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New Appointments
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…
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News
South Africa’s Cloud platform builder Jini Guru partners with Azilen to build fintech solutions for emerging markets
South Africa’s cloud platform builder, Jini Guru is partnering with Azilen Technologies, a product engineering company, to build innovative fintech…
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Startups
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.…
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Startups
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…
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Startups
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…
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Startups
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…
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News
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…
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News
[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…
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Startups
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…
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Startups
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…
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Startups
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…
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BUSINESS
Visa is partnering with MFS Africa to boost digital payments among African consumers and businesses
Visa and pan-African fintech leader MFS Africa have announced a partnership to boost digital payments among African consumers and businesses.…
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BUSINESS
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…
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BUSINESS
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,…
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BUSINESS
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…
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BUSINESS
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…
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Startups
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…
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New Appointments
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…
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Startups
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…
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Startups
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…
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Startups
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…
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CYBER SECURITY
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…
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BUSINESS
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…
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News
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.…
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BUSINESS
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…
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New Appointments
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…
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BUSINESS
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)…
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BUSINESS
[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…
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BUSINESS
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…
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BUSINESS
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…
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News
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…
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Startups
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…
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News
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…
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Startups
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…
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News
We want to be a world-class leader in Microfinance lending in East and Central Africa – Ngao Credit
According to the World Bank, less than a quarter of adults in Sub-Saharan Africa have access to formal financial services.…
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News
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…
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BUSINESS
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…
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News
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…
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News
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…
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Startups
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…
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News
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.…
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Startups
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…
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Startups
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…
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News
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…
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Startups
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…
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News
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…
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COLUMNS
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…
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COLUMNS
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…
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COLUMNS
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…
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News
“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…
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Startups
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…
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BUSINESS
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…
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Blockchain
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…
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News
Finnovation Kenya 2018: Collaboration way forward to driving constructive economic outcomes from the FinTech ecosystem in Africa
Finnovation Kenya 2018 summit kicked off today at the Radisson Blu Nairobi, bringing together more than 200 FinTech experts to…
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Blockchain
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…
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News
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…
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Startups
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…
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News
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…
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News
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…
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BUSINESS
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…
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News
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…
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BUSINESS
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…
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News
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…
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BUSINESS
Regional and international experts gather in Nairobi to discuss the future of payments in the region.
The 2017 Seamless East Africa conference kicked off in Nairobi today, bringing together regional and international experts to discuss the…
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News
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…
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News
Cellulant beats Mpesa to win Best Payments and Transfers Company Award at African FinTech 2016
Pan-African mobile commerce company Cellulant, emerged the winner of the Payments and Transfers category in this year’s African FinTech 100…
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News
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,…
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BUSINESS
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…
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