Fintech News Africa
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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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Central Bank of Kenya Launches QR Code Mobile Payment Standard
The Central Bank of Kenya (CBK) announced the issuance and implementation of the Kenya Quick Response Code Standard 2023 .
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Fintech Hub: African Development Bank and Africa Fintech Network Sign $525,000 Grant
The African Development Bank has signed a $525,000 grant agreement with Africa Fintech Network AFN (not associated to Fintechnews.africa) for
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African Blockchain Venture Funding is Booming
CV VC’s second African Blockchain Report 2022 affirms the transformational impact of blockchain in Africa, on the welfare of nations
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South African Peach Payments Collects US$31M Series A Funding
Apis Growth Fund II, a private equity fund managed by Apis Partners, a UK-based asset manager, announces its proposed investment
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African Neobank PayDay Secures $3M in Funding
PayDay just raised a $3M seed round, led by Moniepoint Inc, with participation from HoaQ, DFS Lab’s Stellar Africa Fund,
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AWS Calls for Applications for Its Inaugural Fintech Africa Accelerator
Amazon Web Services (AWS) is calling for applications from early-stage startups to join its inaugural edition of the AWS Fintech
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Money Q Fintech Solutions Launches Digital Wallet and Remittance Services in Africa
Money Q Fintech Solutions, a Dubai-based fintech startup, announces its plans to expand its services in the African market with
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African Development Bank Invests US$170 Million to Create 6 Million Jobs in Nigeria
The African Development Bank has invested US$170 million in the newly-launched Investment in Digital and Creative Enterprises (iDICE) programme which
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Fintech Dominates Africa Startup Funding and Unicorn Club
In Africa, fintech maintains its position as the most dynamic and fastest-growing startup segment, attracting the lion’s share in startup
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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 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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