Fintech News Africa
Latest News
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
Read More
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.
Read More
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$42 million in a Series B funding
Read More
UK’s Ghana International Bank Taps Backbase to Spur its Digital Strategy
Ghana International Bank (GHIB), a UK-headquartered pan-African bank, announced that it has partnered with engagement banking technology provider Backbase. The
Read More
Ghanaian E-Wallet Zeepay Secures US$ 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
Read More
Interest in Fintech Picks up in Cameroon
Cameroon’s nascent fintech industry is gaining traction this year, a trend reflected by rising digital financial services adoption, considerable funding
Read More
AAR Insurance Partners With Safaricom to Migrate to AWS Cloud
AAR Insurance has inked a deal with telecommunications provider Safaricom to roll out new technology infrastructure based on the Amazon
Read More
Standard Bank Partners Microsoft to Accelerate Digital Transformation in Africa
Standard Bank and Microsoft announced a strategic partnership to accelerate its digital transformation. The bank’s growing investment in the Microsoft
Read More
United Bank for Africa Taps Irish Digital Banking Provider Layer for Digital Drive
Ireland’s digital banking platform provider, Layer has announced that it is partnering with United Bank for Africa (UBA) to fuel
Read More
IFC Launches DigiLab Finance to Boost Tech Adoption Among African Banks
The International Finance Corporation (IFC) launched its DigiLab Finance training and support programme to increase financial inclusion as well as
Read More
Zimbabwe, Togo and Zambia Showed Significant Growth in Fintech Interest Since the Past Year
Over the past year, Latvia, Zimbabwe and Israel have witnessed the highest surge in fintech interest worldwide, an analysis by
Read More
Fintech Development in Algeria Lags Behind MENA Counterparts
Despite strong mobile phone penetration and high mobile broadband connectivity, fintech development in Algeria is still underwhelming compared to other
Read More
Vodacom Tanzania Now Offers Mondia Pay and M-Pesa Payment Options
Digital payments company Mondia Pay and mobile money service M-Pesa have partnered to allow Tanzanians to conveniently access Mondia’s suite
Read More
Global Partnership Led by Safaricom Bags Ethiopia’s Telecoms License for $850 Million
Global Partnership, an international consortium, has been awarded a license to operate telecommunications services in Ethiopia from 2022 onwards. Reuters
Read More
South Africa, Nigeria and Kenya: Africa’s Largest Fintech Hubs
In Africa, South Africa, Nigeria and Kenya have the three most developed fintech ecosystems, combining more than 450 companies. This
Read More
Tunesian Fintech Expensya Secures $20 Million for European Expansion Plans
Expensya, a Tunisian-French expense management software provider, announced that it has raised $20 million in funds. The investment came from
Read More
FIS Expands Payment Capabilities Into South Africa and Nigeria
FIS, an American Fortune 500 company which offers a wide range of financial products and services, announced that it is
Read More
Nigerian Open Finance Startup Okra Secures $3.5m Seed Round
Okra, Africa’s Open Finance API announced its $3.5m Seed raise. The round was led by US-based Susa Ventures, with participation
Read More
Morocco Grabs the Third Spot in Arab’s Fintech Space Behind UAE and Egypt
Morocco is the third largest fintech hub in the Arab world, hosting 13% of all 400 active fintech solutions, or
Read More
Egyptian Payments Firm Paymob Completes Series A Funding Of US$18.5 Million
Egypt’s digital payments provider Paymob announced that it has secured US$15 million in a second tranche of its Series A
Read More
Nigerian Core Banking Provider Appzone Secures US$10 Million Funding
Appzone, a Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, has announced the close
Read More
EFG Hermes Announces Partnership With Lulu Group International In Egypt
EFG Hermes, a financial services corporation in frontier emerging markets (FEM), announced the launch of a new partnership between its
Read More
Nigeria Lays Groundwork for Open Banking
With a booming fintech sector, the Nigerian government and regulators are now setting the foundation for open banking, releasing regulatory
Read More
Mobile Money Boom Lays Foundation for Fintech In Kenya
Home to over 150 fintech companies, Kenya has one of the biggest and most developed fintech ecosystems in the African
Read More
Uganda’s Tugende Raises Additional $3.6 Million Funding to Fuel SME Lending
Tugende, a technology enabled asset finance company in East Africa, announced that it has closed $3.6 million in additional equity
Read More
Kigali International Financial Center Reveals Rwanda’s Ambitions to be the African Hub
Rwanda Finance Limited (RFL), a state owned company mandated by the government, has launched the Kigali International Financial Center (KIFC).
Read More
Fintech in Africa will Boom in 2022: Fintech News Network Launches Its 8th Publication
The Fintech News Network is pleased to announce the launch of our eighth publication; Fintech News Africa. The Fintech News
Read More
Ethiopian Fintech Scene Shows Great Promise as Africa’s Next Fintech Hub
Ethiopia’s large population of unbanked, the government’s current digital push, and recent finance reforms are bringing new opportunities for fintech
Read More
Flutterwave Clinches Unicorn Status With US$170 Million Funding
African payments company Flutterwave announced that it has secured US$170 million during its Series C round, attaining unicorn status with
Read More
Citi Unveils Digitised Documentation for Cross-Border Payments
Citi has announced the launch of a new service for its institutional clients that speeds up the processing of their
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