Fintech News Africa
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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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Tanzania to Soon Have a Central Bank Digital Currency
The Bank of Tanzania, the country’s central bank, has announced plans to introduce its central bank digital currency, Bloomberg reported.
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Fintech Digest: 90% Of Nigeria’s Startup Funding Came From Fintech
Nigeria’s startup funding reached approximately US$417.5 million in nine months, and a lion’s share of this came from fintech (Punch).
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Investor Appetite Strong for Seed Stage Fintech and Crypto Deals in Africa
In today’s funding update, a crypto exchange, a fintech API platform and an MSME lender have raised seven-figure investment rounds
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FSD Africa to Launch BimaLab Insurtech Accelerator in Ghana and Nigeria
Specialist development agency Financial Sector Deepening (FSD) Africa is set to be launching its insurtech accelerator program in Ghana and
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6 Biggest African Fintech Hubs Take the Spotlight
African fintech hubs have grown rapidly in the past few years, leading to pockets of fintech development across the continent.
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These 8 African Fintech Companies Raised US$100m+ This Year
African fintech companies have had a year like no other when it comes to funding. Between Q1 and Q3 this
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Fintech Digest: Israel Has a New Cybersecurity Lab for Israeli Fintech Startups
In a tech solutions crossover last week, Enel X and Mastercard have launched a ‘FinSec Innovation Lab’ — a lab
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Thunes and UniTeller Partner Over Africa and APAC Expansion
Singapore-headquartered payments network Thunes and US-based cross border payments company UniTeller have announced a partnership to expand UniTeller’s services globally,
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South Africa’s Ozow Secures US$48m Series B
Ozow, a South Africa-based payments company, has raised US$48 million in a Series B round of funding, according to a
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4 Things You Should Know About the African Fintech Industry: Report
The African fintech industry has grown by leaps and bounds, no doubt. VC dollars have flooded the startup market, mobile
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Fintech Digest: UAE, Singapore Pilot First-Of-Its-Kind Cross-Border Trade Finance Project
The Monetary Authority of Singapore (MAS) and Abu Dhabi’s Financial Services Regulatory Authority (FSRA) have completed a first-of-its-kind digital cross-border
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These Are the 8 Top Funded Fintech Startups in Egypt
Financial inclusion is on the developmental agenda in Egypt, and fintech startups in Egypt are one of the key driving
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Is Crypto in Africa the Next Big Thing?
Global crypto adoption is being propelled by emerging markets, and crypto in Africa is at the forefront of this. As
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Fintech Has Taken Off In Africa – Here’s Why It’s Not A Bubble
Some of the most innovative models in fintech we’ve seen have come out of our Africa portfolio, such as the
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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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