Fintech News Africa
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Top 8 Most Well-Funded Fintechs in Africa
Africa’s fintech sector is booming, fueled by soaring venture capital (VC) funding activity, rising adoption of digital financial services among
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B2B Payments Platform Julaya Raises Additional US$5M Led By Speedinvest
Ivory Coast-based payments company Julaya has raised a US$5 million extension round led by European venture capital fund Speedinvest to
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10 Companies Awarded Kenya’s First Digital Credit Provider Licenses
The Central Bank of Kenya (CBK) announced that it has awarded licenses to 10 digital credit providers out of the
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Clickatell Enables Nigerians to Access eNaira Services Even Without Mobile Data
Chat commerce platform Clickatell has partnered with the Central Bank of Nigeria (CBN) to launch a USSD channel for the
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Crypto Platform Yellow Card Secures US$40M Series B Led By Polychain Capital
African cryptocurrency platform Yellow Card Financial has raised US$40 million in Series B funding led by Polychain Capital. Other investors
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Brazil’s EBANX to Expand Payments Solutions to South Africa, Kenya and Nigeria
Brazilian payments company EBANX announced plans to expand its operations and payments solutions outside Latin America for the first time
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Flutterwave Merchants Can Now Accept Payments in Digital Currency eNaira
Flutterwave merchants can now process payments in eNaira, the Nigerian digital currency issued and distributed by the Central Bank of
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McKinsey Fintech Africa Report: Ghana, Francophone West Africa Among Fastest Growing Markets
African fintech companies have made significant inroads into the market over these past couple of years, with revenues reaching US$4
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African Unicorn Flutterwave Awarded Switching and Processing License in Nigeria
Payments company Flutterwave has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN). The switching
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Central Bank of Nigeria Flags Off Second Phase of the eNaira Project
Central Bank of Nigeria’s (CBN) governor Godwin Emefiele says the second phase of the eNaira project has begun and is
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Ecobank Group Launches 2022 Edition of Its Africa Fintech Challenge
Fintech Challenge offers early stage and mature start-ups the potential to partner with Ecobank across 33 African countries; Applications open until
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Bank of Ghana Introduces Regulatory Fintech Sandbox
Following a successful pilot implementation, Bank of Ghana launched now its Regulatory and Innovation Sandbox developed in collaboration with EMTECH
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Ivory Payment Startup Bizao Raises €8 Milion Series A
Bizao, a fintech that facilitates payments for both local and international businesses operating in Africa, announces an €8 million series
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IFC Invests €90 Million in Wave Mobile to Boost Financial Inclusion in West Africa
The International Finance Corporation (IFC) announced an investment in mobile money provider Wave Mobile to spur financial inclusion and support
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British International Investment Invests US$20 Million In Nigerian Fintech Moove
British International Investment (BII), the UK government’s Development Finance Institution (DFI) formerly known as CDC Group, has unveiled its new
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Arab Tunisian Bank Goes Live on Temenos to Power Sustainable Growth
Temenos announced that Arab Tunisian Bank, a leading bank in Tunisia and part of the Arab Bank Group, one of the
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MoneyGram Launches Global Crypto-To-Cash Service in Kenya
MoneyGram has partnered the Stellar Development Foundation (SDF) with to initiate the roll out of its crypto-to-cash service that is
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Blockchain Venture Funding, Crypto Adoption Skyrocket in Africa
Africa is emerging into one of the world’s fastest-growing cryptocurrency markets, driven by strong funding activity, favorable market conditions, and
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6 Fintech Soonicorns with African Origins
2021 was a blockbuster year for investment in African fintech startups, with a whopping US$1.6 billion invested across 153 deals.
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Egypt’s Paymob Raises US$50 Million in Series B Fundraise
Paymob, Egypt’s omni-channel merchant financial services platform, announced it has raised US$50 million in a Series B funding round led
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Here’s What You Need to Know About the Finnovex East Africa Summit 2022
The highly anticipated second annual Finnovex East Africa Hybrid Summit is set to kick off this April 20-21, 2022. The
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Nigeria Top Retail Central Bank Digital Currency Leaderboard
PwC’s 2022 Global CBDC Index and Stablecoin Overview has ranked Nigeria at the top of the retail leaderboard, recognizing the
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OpenWay Expands Its Networks With Partners in East Africa
OpenWay, a digital banking and payment software provider, has announced two new implementation partners in East Africa — TechNote, along
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Egypt Largest Fintech Round? Lucky Announces $25 Million Fund Raise
Lucky, Egypt’s leading app for credit products, offers and cashback rewards, announces its completion of a $25 million fund raise.
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The 3 Largest National Egyptian Banks Launch $85 million Fintech MEA Fund
Egypt’s largest national banks – Banque Misr, National Bank of Egypt, and Banque du Caire – and Global Ventures, a
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Egypt Among Top 4 Fintech Ecosystems in Africa
Over the past few years, Egypt’s fintech sector has grown at a rapid pace as the startup ecosystem thrives and
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Nigerian Mobility Fintech Moove Raises $105M in Series A2
Moove, a Nigeria and London based mobility fintech, which provides revenue-based financing to mobility entrepreneurs across Africa, has raised $105
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World Mobile Partnership is Bringing ADA Payments to African Merchants
World Mobile Group, a global mobile network combining renewable energy with blockchain technology, partners with COTI, creator of the DJED
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African Fintech Startups Raised New Record of US$2B in 2021
In 2021, African fintech startups raised a new all-time high of US$2 billion, surpassing the previous record of US$773 million
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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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