Fintech News Africa

View More Posts

Latest News

World Bank’s IFC Launches New Venture Capital Platform to Invest in Tech Startups

The International Finance Corporation (IFC) has launched a new US$225 million venture capital platform to invest in early stage companies

Read More

African Fintech Sector Attracts More Funding

The African fintech sector is gaining interest from global investors. Recently, Algerian super app Yassir announced that it had raised

Read More

Hibret Bank Launches E-Commerce Digital Payments Solution With Mastercard

Ethiopia’s Hibret Bank has partnered with Mastercard to launch Hibir e-commerce, a digital payments platform for Ethiopian businesses to accept

Read More

Vodacom, Alipay to Launch Financial Services App VodaPay in Egypt

South Africa’s Vodacom Group is planning to launch its Alipay-enabled financial services app VodaPay in Egypt, according to a Bloomberg

Read More

MFS Africa Partners Ripple to Enhance Its Real-Time Mobile Payments

Mobile money company MFS Africa has partnered with crypto solutions provider Ripple to streamline real-time mobile payments for its customers

Read More

Blnk Raises US$32M Led by Abu Dhabi’s EIIC and Sawari Ventures

Egyptian consumer credit platform Blnk has raised US$23.7 million in equity and debt funding, and US$8.3 million in securitised bond

Read More

Algerian Super App Yassir Raises $150 Million in Series B Funding

Yassir, a multi-sided marketplace offering on-demand services such as ride hailing, food and grocery delivery and banking, announced that it

Read More

Nigeria’s Touch and Pay Wins the Ecobank Fintech Challenge 2022

Nigerian fintech Touch and Pay has won the 2022 edition of the Ecobank Fintech Challenge and with it a US$50,000

Read More

Central Bank of Eswatini Partners With G+D to Develop Its Digital Currency

The Central Bank of Eswatini has partnered with German payments company Giesecke+Devrient (G+D) to research and explore the development of

Read More

Standard Chartered-Backed Solv Launches Its B2B Marketplace in Kenya

B2B marketplace Solv has launched in Kenya to enable micro, small and medium enterprises (MSMEs) to access credit, e-commerce and

Read More

Meet the 6 Fintech Startups Competing in the Ecobank Fintech Challenge 2022 Finals

African banking group Ecobank Group has announced the six finalists for the fifth edition of the Ecobank Fintech Challenge, chosen

Read More

Here are the Top 5 Fintech Startup Funding Rounds in Nigeria

Nigeria is home to the largest number of startups and startup funding rounds in the last decade in Africa with

Read More

Glo’s MoneyMaster PSB Launches Digital Financial Services Platform G-Kala

Nigerian telco Globacom, commonly known as Glo, has officially launched its new mobile payments and banking business MoneyMaster Payment Service

Read More

Uganda’s Numida Raises US$12.3M Pre-Series A Led By Serena Williams’ VC Firm

Uganda digital lending platform Numida has raised a US$12.3 million pre-Series A funding round led by Serena Williams’ venture firm

Read More

5 African Fintech Startups on CB Insights’ Fintech 250 Most Promising List

Five African fintech startups made this year’s Fintech 250, CB Insights’ annual list of the 250 most promising private fintech

Read More

ProvidusBank Launches Tap-to-Pay Service With Mastercard, Interswitch and Thales

Nigerian financial services company ProvidusBank has partnered with Mastercard, African payments infrastructure provider Interswitch, and French technology company Thales Group

Read More

Biometric Identity Verification Startup iiDENTIFii Raises US$15M Series A

Identity verification platform iiDENTIFii has raised a US$15 million Series A funding round led by African investment company Arise, with

Read More

Top 8 Most Well-Funded Fintechs in Africa

Africa’s fintech sector is booming, fueled by soaring venture capital (VC) funding activity, rising adoption of digital financial services among

Read More

B2B Payments Platform Julaya Raises Additional US$5M Led By Speedinvest

Ivory Coast-based payments company Julaya has raised a US$5 million extension round led by European venture capital fund Speedinvest to

Read More

10 Companies Awarded Kenya’s First Digital Credit Provider Licenses

The Central Bank of Kenya (CBK) announced that it has awarded licenses to 10 digital credit providers out of the

Read More

Clickatell Enables Nigerians to Access eNaira Services Even Without Mobile Data

Chat commerce platform Clickatell has partnered with the Central Bank of Nigeria (CBN) to launch a USSD channel for the

Read More

Crypto Platform Yellow Card Secures US$40M Series B Led By Polychain Capital

African cryptocurrency platform Yellow Card Financial has raised US$40 million in Series B funding led by Polychain Capital. Other investors

Read More

Brazil’s EBANX to Expand Payments Solutions to South Africa, Kenya and Nigeria

Brazilian payments company EBANX announced plans to expand its operations and payments solutions outside Latin America for the first time

Read More

Flutterwave Merchants Can Now Accept Payments in Digital Currency eNaira

Flutterwave merchants can now process payments in eNaira, the Nigerian digital currency issued and distributed by the Central Bank of

Read More

Africa’s Demand for Payment Hubs Rises to Address the Continent’s Interoperability Gap

Africa is a world leader in mobile money, with Kenya and Ghana having the highest rates of mobile payment use

Read More

McKinsey Fintech Africa Report: Ghana, Francophone West Africa Among Fastest Growing Markets

African fintech companies have made significant inroads into the market over these past couple of years, with revenues reaching US$4

Read More

African Unicorn Flutterwave Awarded Switching and Processing License in Nigeria

Payments company Flutterwave has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN). The switching

Read More

Central Bank of Nigeria Flags Off Second Phase of the eNaira Project

Central Bank of Nigeria’s (CBN) governor Godwin Emefiele says the second phase of the eNaira project has begun and is

Read More

Ecobank Group Launches 2022 Edition of Its Africa Fintech Challenge

Fintech Challenge offers early stage and mature start-ups the potential to partner with Ecobank across 33 African countries; Applications open until

Read More

Bank of Ghana Introduces Regulatory Fintech Sandbox

Following a successful pilot implementation, Bank of Ghana launched now its Regulatory and Innovation Sandbox developed in collaboration with EMTECH

Read More

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

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

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

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

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