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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
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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
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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,
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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
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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
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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
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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.
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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
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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
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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
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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
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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
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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
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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
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Africa-Focused Fintech Pngme Gathers US$15 Million Series A
Africa-focused fintech Pngme has secured US$15 million in Series A round of funding, the San Francisco- and Sub-Saharan Africa-based company
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More Winners Added to The Search Africa by ADGM
After its first stop of The Search – Africa, the global startup roadshow by the Abu Dhabi Global Market (ADGM)
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CapitalSage Technology Picks Up U$4 Million Debt for Expansion
Nigeria-based CapitalSage Technology has raised NGN 2.2 billion, or U$4 million, in debt funding, the company announced. The financing was
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dopay Acquires Banking Licence Through Bank ABC Egypt
Payments fintech dopay has secured a banking agent licence from Bank ABC Egypt for a virtual banking platform, a statement
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Nigerian Car Financing Fintech Raised US$23 Million Series A
Nigeria-headquartered mobility fintech startup Moove has raised a Series A round of US$23 million, according to a statement. Speedinvest and
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QIA Infuses US$200 Million Into Airtel Africa’s Mobile Money Business
Airtel Africa’s mobile money business has amassed US$200 million for its Airtel Mobile Commerce BV (AMC BV) from Qatar Holding,
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Naspers Invests South African Insurtech Startup Naked
South African AI-based insurtech company Naked has clinched an investment of US$11 million, the company announced today. The investment was
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Meet The Winners Of The Search – Africa Stop By ADGM
The African fintech space is undergoing a phase of radical growth, as speakers at The Search – Africa Stop 1
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Cairo Credit Management Platform CreditFins Raises Pre-Seed Funding
Cairo-based CreditFins, a credit card management fintech, has raised an undisclosed amount in pre-seed funding, the company announced. The round
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South Africa’s Yoco Secures US$83 Million To Scale Its Financial Ecosystem
Yoco, a payments and software company from South Africa, has raised US$83 million in a Series C funding round, the
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6 Fintech Startups In Egypt To Watch In 2021
Key developments in the Egyptian startup ecosystem have led to a renewed appetite for growth in the space, and for
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Dashen Bank Joins Hands With Thunes to Enhance Cross-Border Payments to Ethiopia
Ethiopia-based Dashen Bank has partnered with Singapore-headquartered cross-border payments platform Thunes to increase the ease of sending international payments to
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Payments Firm Cellulant Secures License to Operate From the Bank of Tanzania
Tanzania-based Cellulant Corporation has received approval to operate as a Payment Solution Service Provider (PSSP) from the Bank of Tanzania.
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Nigeria’s FairMoney Raises US$42 Million for Its Digital Banking Ambition
FairMoney, a Nigerian neobank with a credit-led model, announced that it had raised US$42 million in a Series B funding
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UK’s Ghana International Bank Taps Backbase to Spur its Digital Strategy
Ghana International Bank (GHIB), a UK-headquartered pan-African bank, announced that it has partnered with engagement banking technology provider Backbase. The
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Ghanaian E-Wallet Zeepay Secures US$ 7.9 Million in Series A Funding
Ghanaian digital wallet Zeepay announced completion of a US$ 7.9 million Series A funding that is a hybrid of both
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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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