Fintech News Africa
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Yellow Card Is the First Fintech in Africa to Launch PayPal USD (PYUSD)
Yellow Card becomes the first fintech on the continent to launch PayPal USD (PYUSD). This new stablecoin from PayPal, issued
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Africa’s SuperApp Gozem Goes Fintech With Acquisition of Benin
Gozem, Africa’s Super App, announced its acquisition of Moneex, an innovative Fintech app from Benin dedicated to provide global banking
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Unlocking the Future of Consumer Lending with AI and Automation
With the ever-evolving landscape of financial technology, consumer lending has never been more accessible and efficient – in large part,
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Oceanbase Supports Palmpay to Reduce Its Database Cost by 80%
OceanBase, an enterprise-level distributed relational database provider, announced that its database solution has been deployed and put into operation in
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Africa and Gulf Bank Selects Temenos to Deliver Digital Transformation on the Cloud
Temenos announced that Africa and Gulf Bank (AGB), one of the progressive banks in Sudan, has selected Temenos to modernize
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Despite Growth and Potential, Fintech Development Faces Challenges in Nigeria
In Nigeria, the fintech industry has expanded well beyond payment services to now encompass a wide range of segments, including
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His Excellency President Paul Kagame to Open Mobile World Capital Kigali 2023
The GSMA announced that His Excellency Paul Kagame, the President of the Republic of Rwanda, will formally open MWC Kigali
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IFC Invests $50 Million into LeapFrog Emerging Market Private Equity Fund
IFC announced an investment in a new fund by LeapFrog Investments, one of the largest private equity groups dedicated to
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Increasing Usage of eKYC in Africa
In the first half of 2023, businesses in Africa embraced digital transformation at a fast pace, fueling demand for innovative
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Financial Inclusion Improves in Tanzania, Facilitated by Mobile Money
In Tanzania, financial inclusion is improving at a rapid pace, facilitated by the proliferation of mobile phones and a significant
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Addpay and Wiseasy Unveil Game-Changing Android Payment Solutions
In a pivotal moment that heralds a transformative era for African fintech, cutting-edge Android payment devices are reshaping the paradigm
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5 Agri-Fintech Startups from Africa to Know
In recent years, the emergence of agritech and fintech providers in East and Southern Africa (ESA) has brought about innovative
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South African Insurtech Startup LeaseSurance Raised $3M Seed
LeaseSurance, a South African Insuretech platform underwritten by Bryte, has successfully raised R3million in a seed financing round led by
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Blockchain-Based Payments on the Rise in Africa
Africa’s cryptocurrency market is surging on the back of booming usage of blockchain-based payments across the region. Use cases including
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LemFi Raises $33 Million To Transform Financial Services For African Immigrants
LemFi (former Lemonade Finance), a Canada based fintech platform transforming financial services for immigrants, has raised a $33 million Series
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Top 9 Upcoming Fintech Events in Africa
Fintech in Africa has witnessed significant growth and dynamism in recent years, driven by a combination of favorable demographic, economic
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Paris Saint-Germain and Algerian Super-App Yassir Sign Global Partnership
Football club Paris Saint-Germain and Yassir, the Super-App offering on-demand and payment services in North Africa announced the signing of
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Mastercard and Lipa Join Forces to Drive Financial Inclusion and BNPL Solutions in Africa
Mastercard has announced a strategic partnership with Lipa Later, a leading credit-led and technology-driven fintech. This collaboration aims to accelerate
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Nigeria Legislative Body Requests Pause on Social Media KYC Requirement
The House of Representatives, one of the two Chambers that make up the Bicameral Legislature of Nigeria, has requested the
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Accelerate Your SME Lending with Real-Time Approvals
Small and medium-sized enterprises (SMEs) are the foundation of the economy as they drive growth, build competition, and create jobs.
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Fintech Search Queries Most Prevalent in Nigeria
Singapore, Nigeria and Hong Kong are the three locations in the world where people are searching for the term “fintech”
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Digitalization: Africa to Become a Top Services Outsourcing Destination in Case Productivity Gets Better
In Africa, improved productivity, increased digitalization and a rapidly expanding talent pool are laying the foundations for the continent to
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Moniepoint Partners with Google Cloud in Nigeria
Google Cloud announced a new collaboration with Moniepoint, an Africa-focused business banking platform that provides financial services to Nigeria’s underbanked
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Visa Starts Africa Fintech Accelerator Program
Visa announced the launch of the new Visa Africa Fintech Accelerator program to help enable Africa’s expanding start-up community through
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Zimbabwe Issues Gold-Backed Digital Tokens Amid Plummeting Currency Value
Zimbabwe has received a total of 241 applications valued at about ZW$22 billion for the sale of its gold-backed digital
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Acquisitions of South African Fintech Specialist E4
A consortium led by independent private equity fund manager, Infinite Partners, has announced its acquisition of South African fintech specialist,
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Robust Results from Lesaka as it Champions Financial Inclusion
South Africa’s informal market is a space that is well understood by South African fintech, Lesaka Technologies, a champion of
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SC Ventures Launches B2B Agritech Marketplace for Farmers in Kenya
SC Ventures, the fintech, investment and ventures arm of Standard Chartered, has launched Kenya-based Tawi, a B2B agritech marketplace for
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Kenya’s Ecobank and Fingo Plan to Roll Out a Neobank for the Youth
Ecobank Kenya announced the launch of the Fingo Africa app, which is set to revolutionize financial inclusion for young people
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Egyptian VC Firm DisrupTech Ventures Bags US$5 Million Investment From Proparco
DisrupTech Ventures, an Egypt-based venture capital firm focused on fintech, has received a US$5 million investment from Proparco, a subsidiary
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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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Fintech Emerges as Kenya’s Most Prevalent Tech Startup Sub-Sector
In Kenya, fintech has emerged as the country’s most prevalent tech startup sub-sector, accounting for 30.2% of all young tech
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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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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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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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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 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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