Fintech News Africa
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TradeDepot Secures US$110m to Scale BNPL Service to Retail SMEs
B2B ecommerce and embedded finance platform TradeDepot has raised US$110 million in a Series B equity and debt funding round.
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Fintech Digest: Saudi Arabia’s Fintech Space Grows With 16 New Licenses
Saudi Arabia’s fintech sector has broadened, with licenses issued to 16 new fintech companies during the third quarter of this
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7 Africa-Based Crypto Exchanges You Should Know
As good news for Africa-based crypto exchanges, crypto has emerged as one of the top fintech trends across Africa this
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Tanzanian Fintechs Struggle With Unclear Regulation, Limited Funding, Lack of Talent
Although the fintech ecosystem in Tanzania has developed rapidly over the past decade, it remains nevertheless small and nascent with
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Tanzania to Soon Have a Central Bank Digital Currency
The Bank of Tanzania, the country’s central bank, has announced plans to introduce its central bank digital currency, Bloomberg reported.
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Fintech Digest: 90% Of Nigeria’s Startup Funding Came From Fintech
Nigeria’s startup funding reached approximately US$417.5 million in nine months, and a lion’s share of this came from fintech (Punch).
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Investor Appetite Strong for Seed Stage Fintech and Crypto Deals in Africa
In today’s funding update, a crypto exchange, a fintech API platform and an MSME lender have raised seven-figure investment rounds
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FSD Africa to Launch BimaLab Insurtech Accelerator in Ghana and Nigeria
Specialist development agency Financial Sector Deepening (FSD) Africa is set to be launching its insurtech accelerator program in Ghana and
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6 Biggest African Fintech Hubs Take the Spotlight
African fintech hubs have grown rapidly in the past few years, leading to pockets of fintech development across the continent.
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These 8 African Fintech Companies Raised US$100m+ This Year
African fintech companies have had a year like no other when it comes to funding. Between Q1 and Q3 this
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Fintech Digest: Israel Has a New Cybersecurity Lab for Israeli Fintech Startups
In a tech solutions crossover last week, Enel X and Mastercard have launched a ‘FinSec Innovation Lab’ — a lab
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Thunes and UniTeller Partner Over Africa and APAC Expansion
Singapore-headquartered payments network Thunes and US-based cross border payments company UniTeller have announced a partnership to expand UniTeller’s services globally,
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South Africa’s Ozow Secures US$48m Series B
Ozow, a South Africa-based payments company, has raised US$48 million in a Series B round of funding, according to a
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4 Things You Should Know About the African Fintech Industry: Report
The African fintech industry has grown by leaps and bounds, no doubt. VC dollars have flooded the startup market, mobile
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Fintech Digest: UAE, Singapore Pilot First-Of-Its-Kind Cross-Border Trade Finance Project
The Monetary Authority of Singapore (MAS) and Abu Dhabi’s Financial Services Regulatory Authority (FSRA) have completed a first-of-its-kind digital cross-border
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These Are the 8 Top Funded Fintech Startups in Egypt
Financial inclusion is on the developmental agenda in Egypt, and fintech startups in Egypt are one of the key driving
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Is Crypto in Africa the Next Big Thing?
Global crypto adoption is being propelled by emerging markets, and crypto in Africa is at the forefront of this. As
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Fintech Has Taken Off In Africa – Here’s Why It’s Not A Bubble
Some of the most innovative models in fintech we’ve seen have come out of our Africa portfolio, such as the
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MFS Africa Raises US$100m Series C to Boost Expansion
In another big round this week, pan-African digital payments gateway MFS Africa has secured US$100 million in a Series C
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Africa Fintech Summit 2021: Africa’s Number One Fintech Event Returns to Cairo this November
Over 500 fintech startups across multiple categories and counting. Nearly US$900 million raised in capital in the last 7 years,
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9 Top Fintech Companies in Nigeria You Should Know
Fintech companies in Nigeria are at the forefront of Africa’s fintech revolution, and many of them have turned out to
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Jumo Secures US$120m to Scale Its BaaS Platform
South Africa-headquartered AI-based banking-as-a-service platform Jumo announced in a statement that it has raised US$120 million from new and existing
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Fintech Digest: Will Mobile Money Shake Up Nigeria’s Banking Industry?
MTN Nigeria and Airtel Africa had a substantial win in Nigeria last week, after the two mobile money players won
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SME Lending Startup Payhippo Fetches US$3m Seed Funding
Nigeria-based SME lending startup Payhippo has secured US$3 million in a seed funding round, according to a statement by the
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AFTS Cairo 2021: Africa’s Premier Fintech Event Returns this November
The sixth Africa Fintech Summit (AFTS) will take place at the St. Regis hotel in Cairo, Egypt on November 16,
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Jeff Bezos-Backed Chipper Cash Raises US$150m Series C
Pan-African cross-border payments company Chipper Cash has secured US$150 million in an extension to its Series C, TechCrunch reported. The
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Fintech News Digest: What’s Behind Saudi Arabia’s Fintech Boom?
Saudi Arabia’s fintech ecosystem is thriving to say the least. In last week’s fintech news, a new report pointed out
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Mauritius Government Ramp up Effort to Building up Fintech Ecosystem
Striving to become a hotbed for fintech innovation, Mauritius’ Budget 2021-2022 has laid out a series a new measures to
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Microfinance Company Barko to Launch Digital Bank in South Africa
South African microfinance company Barko is looking to launch a digital bank using banking infrastructure by banking software provider Temenos,
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These 7 Digital Banks in Africa Are Heating up the Competition
In the context of digital banks in Africa, two challenger banks have clearly made their mark. One of these is
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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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