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Egypt’s Paymob Raises US$50 Million in Series B Fundraise

Paymob, Egypt’s omni-channel merchant financial services platform, announced it has raised US$50 million in a Series B funding round led

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Here’s What You Need to Know About the Finnovex East Africa Summit 2022

The highly anticipated second annual Finnovex East Africa Hybrid Summit is set to kick off this April 20-21, 2022. The

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Nigeria Top Retail Central Bank Digital Currency Leaderboard

PwC’s 2022 Global CBDC Index and Stablecoin Overview has ranked Nigeria at the top of the retail leaderboard, recognizing the

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OpenWay Expands Its Networks With Partners in East Africa

OpenWay, a digital banking and payment software provider, has announced two new implementation partners in East Africa — TechNote, along

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Egypt Largest Fintech Round? Lucky Announces $25 Million Fund Raise

Lucky, Egypt’s leading app for credit products, offers and cashback rewards, announces its completion of a $25 million fund raise.

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The 3 Largest National Egyptian Banks Launch $85 million Fintech MEA Fund

Egypt’s largest national banks – Banque Misr, National Bank of Egypt, and Banque du Caire – and Global Ventures, a

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Egypt Among Top 4 Fintech Ecosystems in Africa

Over the past few years, Egypt’s fintech sector has grown at a rapid pace as the startup ecosystem thrives and

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Nigerian Mobility Fintech Moove Raises $105M in Series A2

Moove, a Nigeria and London based mobility fintech, which provides revenue-based financing to mobility entrepreneurs across Africa, has raised $105

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World Mobile Partnership is Bringing ADA Payments to African Merchants

World Mobile Group, a global mobile network combining renewable energy with blockchain technology, partners with COTI, creator of the DJED

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African Fintech Startups Raised New Record of US$2B in 2021

In 2021, African fintech startups raised a new all-time high of US$2 billion, surpassing the previous record of US$773 million

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Rwanda’s Largest Bank Completes Core Modernization With Temenos

Temenos, the banking software company, today announces that Bank of Kigali Plc, Rwanda’s largest bank by assets and market share,

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Flutterwave Closes USD $250M in Series D Funding

Flutterwave  announced that it has raised USD $250 million in Series D funding, valuing the company at over $3 billion

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Egyptian Digital Investment Platform Raises $20 Million

Thndr, the Egyptian digital investment platform, announced a new $20 million series A investment. The round was co-led by Tiger

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Tanzanian Fintech Nala Raises $10M from Monzo and Robinhood Founders

NALA, Founded by Tanzanian, Benjamin Fernandes (Founder & CEO). Led alongside, Nicolas Esteves (CTO), and Nicolas Eddy (COO), raised $10m

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Momentum Continues in Nigeria’s Fintech Ecosystem

In 2021, the momentum in Nigeria’s fintech ecosystem continued, driven by a blooming local startup scene, significant growth amongst large,

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4 Emerging African Fintech Hubs to Watch Out For in 2022

Africa is home to a number of widely differentiated fintech centres. Some of these African fintech hubs, such as Nigeria

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Pipit Global Expands to 12 African Markets With Cellulant

UK-headquartered global cash payments platform Pipit Global and pan-African payments company Cellulant have extended their partnership agreement to include eighteen

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The 5 Most Popular Fintech Startups in South Africa 2021

South Africa is one of the top hubs for fintech, with several fintech startups in South Africa dominating headlines in

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Fintech Digest: Mubadala Remains Optimistic About Crypto Investments

Abu Dhabi’s sovereign wealth fund Mubadala has made investments in the crypto ecosystem amidst its growing value, Reuters reported. “This

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Google’s US$50m Africa Investment Fund Invests in Superapp SafeBoda

Uganda-headquartered superapp SafeBoda has become the first company to receive funding from Google’s US$50 million Africa Investment Fund. The undisclosed

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BlocPal and PayPassage Launch “Phygital” Financial Services Marketplace in Nigeria

Canada-based digital transaction platform BlocPal International and its majority-owned Nigerian subsidiary PayPassage have partnered to launch a financial services marketplace

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Tyme Picks Up US$70 Million Series B From Tencent and CDC

Singapore-headquartered challenger bank Tyme has closed a US$180 million Series B round with fresh infusions from Tencent and CDC. The

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Watch Out for These 5 Fintech Events in Africa in H1 2022

Fintech events in Africa can be centres of crucial conversation, considering the traction that the sector has gained in the

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Fintech Digest: South Africa Gears up for New Crypto Regulatory Framework

South Africa will be launching a new regulatory framework for cryptocurrencies in early 2022 (Bitcoin.com). The country’s Financial Sector Conduct

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Identity Solutions Provider Entersekt Raises Funding From Accel-KKR

Cape Town-headquartered device identity and authentication solutions provider Entersekt has bagged an investment from Accel-KKR. According to a statement, the investment

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Arab Bank Wraps Up First Edition of Egypt Fintech Bootcamp

Arab Bank Egypt has concluded the first edition of its fintech bootcamp for Egyptian startups, with cash funding provided to

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TradeDepot Secures US$110m to Scale BNPL Service to Retail SMEs

B2B ecommerce and embedded finance platform TradeDepot has raised US$110 million in a Series B equity and debt funding round.

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Fintech Digest: Saudi Arabia’s Fintech Space Grows With 16 New Licenses

Saudi Arabia’s fintech sector has broadened, with licenses issued to 16 new fintech companies during the third quarter of this

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7 Africa-Based Crypto Exchanges You Should Know

As good news for Africa-based crypto exchanges, crypto has emerged as one of the top fintech trends across Africa this

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Tanzanian Fintechs Struggle With Unclear Regulation, Limited Funding, Lack of Talent

Although the fintech ecosystem in Tanzania has developed rapidly over the past decade, it remains nevertheless small and nascent with

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Popular Posts

Salt Telco’s Fintech Arm Tackles Micro Lending in Africa—And Potentially Europe

Peer to Peer (P2P) Lending Market is projected to grow at a CAGR of 51.5% from 2016 to 2022, to reach

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10 Top Fintech Startups in Egypt to Keep an Eye On

As one of the most populous countries in the Middle East topped with a large unbanked population Egypt is fertile

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Why Are 80% of Central Banks Looking into Digital Currencies?

In 2019, 80% of central banks were engaged in work related to central bank digital currency (CBDC), compared with 70%

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Why Egypt’s Fintech Boom is Inevitable

Here are a few facts about Egypt. The country is home to 100 million people, making it the most populous

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10 Insurtech Game Changers

Insurtechs enable insurance carriers to innovate much faster than they do today. Their innovative solutions dramatically improve the primary process

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Fintech to Solve Financial Exclusion in Egypt

In Egypt, fintech is set to play a key role in providing basic financial services to the large pool of

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Fintech In South Africa: A Quick Overview

Market demand for innovative products and services has been pushing fintech innovation in South Africa. In respond to the rapid

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Egypt’s Central Bank Announces an EGP 1 Bil Fintech Fund and Regulatory Sandbox

The Central Bank of Egypt (CBE) will establish an EGP 1 billion innovations support fund to finance Egypt’s fintech startups—called

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Egypt’s new national card meeza Accepted now on PayFort’s Payment Gateway

PayFort, an Amazon company, has announced that merchants using its online payment gateway will now be able to accept payments

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