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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
Read MoreAcquisitions 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,
Read MoreRobust 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
Read MoreSC 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
Read MoreKenya’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
Read MoreEgyptian 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
Read MoreCentral 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 .
Read MoreFintech 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
Read MoreAfrican 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
Read MoreSouth 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
Read MoreAfrican 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,
Read MoreAWS 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
Read MoreMoney 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
Read MoreAfrican 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
Read MoreFintech 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
Read MoreAfrican ID Verification Platform Smile Raised $20 Million Funding in Series B
Smile Identity, a provider of digital identity verification solutions for Africa, has secured $20 million in Series B funding. The
Read MoreSouth African Insurtech Naked Raises US$17M in Series B Funding From IFC
Naked — a South Africa based insurtech company that offers a new, fully digital way for consumers to insure their
Read MoreSC Ventures Partners With Yabx to Expand Access to Financial Services in Africa
SC Ventures, Standard Chartered’s fintech investment and ventures arm has entered into a Memorandum of Understanding (MOU) with Yabx, a
Read MoreFlutterwave Secures Payments Licenses in Egypt for North Africa Expansion
Nigerian payments company Flutterwave announced that it has received its Payment Services Provider and Payments Facilitator licenses in Egypt. This
Read MorePartech Closes Tech Africa Fund at USD 260M
Partech, a global technology investment firm, announces the first closing of Partech Africa II at €245M, already above the target
Read MoreFintech Retains Crown as Investors’ Favorite Startup Sector in Africa
In 2022, fintech remained the most funded startup sector in Africa, accounting for 39% of all equity funding (US$1.9 billion)
Read MoreFintech Momentum in Africa to Carry on in 2023
Africa’s fintech industry experienced growth in 2022, witnessing large financing rounds being closed, startups reaching unicorn status and innovative solutions
Read MoreDiscover Eight Tech Features That Will Prepare You for the Future of BNPL
Buy Now, Pay Later (BNPL) is booming – some experts predict it could grow by up to 400% in the
Read MoreEgyptian Fintech MNT-Halan Gets Unicorn Badge With US$400 Million Raise
Egyptian fintech MNT-Halan announced that it has raised up to US$400 million in equity and debt financing, pushing its valuation
Read MoreNigeria’s Agri-Fintech Sector On the Rise
In Nigeria, agricultural technology (agritech) entrepreneurs are leveraging technology and digital platforms to help tackle the massive funding gap faced
Read MoreFintech 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
Read MoreEgypt’s New Financial Inclusion Strategy
The Central Bank of Egypt (CBE) has launched its Financial Inclusion Strategy 2022-2025, a national development plan focusing on expanding
Read MoreVisa to Invest $1 Billion in Africa to Accelerate Digital Transformation
During the U.S-Africa Business Forum, Visa announced a pledge to invest $1 billion in Africa over the next five years
Read MoreWorld Bank’s IFC Launches New Venture Capital Platform to Invest in Tech Startups
The International Finance Corporation (IFC) has launched a new US$225 million venture capital platform to invest in early stage companies
Read MoreAfrican Fintech Sector Attracts More Funding
The African fintech sector is gaining interest from global investors. Recently, Algerian super app Yassir announced that it had raised
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 MoreFintech 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
Read More10 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 MoreWhy 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 More10 Insurtech Game Changers
Insurtechs enable insurance carriers to innovate much faster than they do today. Their innovative solutions dramatically improve the primary process
Read MoreWhy 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 MoreFintech 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 MoreFintech 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 MoreEgypt’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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