Fintech News Africa
Latest News
MEA Fintech Weekly News: Are Neobanks the Next Big Thing for Nigeria?
This week marked a new win for digital banks in Nigeria. Neobank Sparkle raised US$3.1 million in a seed round
Read More
Sudan’s alsoug Raises US$5m for National Payments Network
Sudan-based ecommerce platform alsoug has closed a US$5 million (SDG 2.2 billion) fundraise, according to an announcement. The company is
Read More
5 Out of 7 Tech Unicorns in Africa Come From Fintech
Africa is seeing a rush of funding for its fintech sector, and some companies have already emerged as the continent’s
Read More
Nigerian Open Banking Startup Mono Picks Up US$15m Series A
Lagos-headquartered open banking startup Mono has raised US$15 million in a Series A. The round was led by Flutterwave’s backer
Read More
MEA Fintech Weekly News: Nigeria to Closely Scrutinise Fintech Startups
In last week’s MEA fintech news, the Central Bank of Nigeria (CBN) has once again hinted that it will be
Read More
MEA Fintech Weekly News: The Case for Mobile Money in Sub-Saharan Africa
In last week’s MEA fintech news, mobile money took centre stage once again in the African continent. Meanwhile, UAE sees
Read More
Nigeria’s Verto Secures US$10m Series A
Verto, a Nigeria-based B2B payments startup, has raised US$10 million in a Series A round of funding according to reports.
Read More
Report: Africa’s Top Fintech Hubs Are Also Its Most Regulated
The development of Africa’s top fintech hubs is closely connected with how robust its regulatory landscape is, a new report
Read More
YO-Uganda Forms Partnership With USADF to Deploy Mastercard Farmer Network
Yo-Uganda Limited (“Yo!”), a 16-year-old leading financial technology solutions provider based in Kampala, Uganda, has announced a new grant partnership
Read More
Egyptian Banks Launch EGP 1 Billion Egypt Fintech Fund
Three Egyptian banks will be launching an Egypt fintech fund of EGP 1 billion (US$63.6 million) to support fintech companies
Read More
African Crypto Exchange Raises US$15M From Square, Coinbase and More
Cryptocurrency exchange Yellow Card, which has a pan-African presence, has secured US$15 million in a Series A round. This is
Read More
MEA Fintech Weekly News: Dubai Gets Regulatory Nod for Crypto Trading
In last week’s MEA fintech news, it’s all eyes on crypto trading in the UAE – approvals for crypto trading
Read More
Nigeria’s Infibranches Raises US$2m From Shell-Backed Impact Firm
Nigeria-based energy distribution and collection fintech startup Infibranches Technologies has secured US$2 million in a funding round raised from All
Read More
Egypt-Focused dopay Raises US$18 Million Series A
Egypt-focused B2B2C payments platform dopay has secured US$18 million in a Series A funding round, the company announced in a
Read More
Thunes and M-Pesa Tanzania to Boost Cross-Border Payments in East Africa
Global cross-border payments company Thunes has announced a partnership with M-Pesa Tanzania to launch a new service corridor, a statement
Read More
MEA Fintech Weekly News: Melio’s Valuation Soars After US$250M Funding
In last week’s MEA fintech news, we saw US-Israeli fintech startup Melio raise a quarter billion dollars at a hefty
Read More
Egypt’s Kashat Raises US$1.75m for Micro Lending App
Kashat, an Egyptian micro loan solutions provider, has raised US$1.75 million in a new bridge funding round, Magnitt reported. The
Read More
Africa Fintech Weekly News Digest: Funding Receives US$1B Boost, While Flutterwave Dominates Headlines
Funding rounds made a splash in Africa fintech news last week. African fintech startups Wave, Pezesha and Prospa all raised
Read More
4 CBDC Projects in Africa You Need to Know
Central bank digital currencies, or CBDCs, are not a new concept to Africa. Multiple CBDC projects in Africa currently exist,
Read More
Nigeria’s Prospa Raises US$3.8m in Oversubscribed Seed Round
SME banking fintech Prospa has raised US$3.8 million in the largest pre-seed round to have been raised by a Nigerian
Read More
Egyptian Super App MNT-Halan Bags US$120m
Egyptian financial and logistics super app MNT-Halan has secured US$120 million from private equity and venture capital investors, the company
Read More
Kenya SME Lender Pezesha Raises Seven-Figure Seed Extension
Kenyan fintech startup Pezesha has secured a seven-figure seed extension round led by GreenHouse Capital (GHC). The round also included
Read More
Mobile Money Startup Wave Turns Unicorn With US$200M Raise
U.S. and Senegal-based mobile money provider Wave has raised a substantial US$200 million in a Series A fundraise, TechCrunch reported.
Read More
Your Weekly Africa Fintech News Digest 30.Aug- 6.Sept
In last week’s Africa fintech news, Australian BNPL firm Zip broadened its global expansion plans with the acquisition of South
Read More
Mobile Money Fintech pawaPay Hauls US$9 Million Seed Funding
London-based payments company pawaPay, which focuses on the Africa market, has raised US$9 million in a seed round, according to
Read More
SoftBank’s US$400 Million Africa Bet: Your Weekly Africa Fintech News Digest
In the biggest headline of Africa fintech news last week, Nigerian mobile payments platform OPay raised a staggering US$400 million
Read More
Ethiopian Challenger Bank Seals Core Islamic Banking Deal With Path Solutions
Ethiopian challenger bank Hijra Bank has has awarded a core banking deal to Islamic banking provider Path Solutions, according to a
Read More
Africa’s Newest Unicorn OPay Raises US$400 Million From SoftBank
Nigerian mobile payments platform OPay has raised US$400 million in funding from SoftBank, Bloomberg reported. The investment was made from
Read More
8 African Startups Accepted Into 2021 GreenHouse Lab Fintech Accelerator
GreenHouse Lab has inducted eight African fintech companies into the 2021 GHL Fintech Accelerator program. GreenHouse Lab (GHL) is the
Read More
Frozen Bank Accounts and Leaked Bills: Your Weekly Africa Fintech News Digest
Last week was a big one for Africa fintech news, especially in Nigeria. The country’s fintech sector made it to
Read MorePopular 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
Read More
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
Read More
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%
Read More
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
Read More
10 Insurtech Game Changers
Insurtechs enable insurance carriers to innovate much faster than they do today. Their innovative solutions dramatically improve the primary process
Read More
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
Read More
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
Read More
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
Read More
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
Read More