Fintech News Africa
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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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Rwanda’s Largest Bank Completes Core Modernization With Temenos
Temenos, the banking software company, today announces that Bank of Kigali Plc, Rwanda’s largest bank by assets and market share,
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Flutterwave Closes USD $250M in Series D Funding
Flutterwave announced that it has raised USD $250 million in Series D funding, valuing the company at over $3 billion
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Egyptian Digital Investment Platform Raises $20 Million
Thndr, the Egyptian digital investment platform, announced a new $20 million series A investment. The round was co-led by Tiger
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Tanzanian Fintech Nala Raises $10M from Monzo and Robinhood Founders
NALA, Founded by Tanzanian, Benjamin Fernandes (Founder & CEO). Led alongside, Nicolas Esteves (CTO), and Nicolas Eddy (COO), raised $10m
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Momentum Continues in Nigeria’s Fintech Ecosystem
In 2021, the momentum in Nigeria’s fintech ecosystem continued, driven by a blooming local startup scene, significant growth amongst large,
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4 Emerging African Fintech Hubs to Watch Out For in 2022
Africa is home to a number of widely differentiated fintech centres. Some of these African fintech hubs, such as Nigeria
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Pipit Global Expands to 12 African Markets With Cellulant
UK-headquartered global cash payments platform Pipit Global and pan-African payments company Cellulant have extended their partnership agreement to include eighteen
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The 5 Most Popular Fintech Startups in South Africa 2021
South Africa is one of the top hubs for fintech, with several fintech startups in South Africa dominating headlines in
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Fintech Digest: Mubadala Remains Optimistic About Crypto Investments
Abu Dhabi’s sovereign wealth fund Mubadala has made investments in the crypto ecosystem amidst its growing value, Reuters reported. “This
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Google’s US$50m Africa Investment Fund Invests in Superapp SafeBoda
Uganda-headquartered superapp SafeBoda has become the first company to receive funding from Google’s US$50 million Africa Investment Fund. The undisclosed
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BlocPal and PayPassage Launch “Phygital” Financial Services Marketplace in Nigeria
Canada-based digital transaction platform BlocPal International and its majority-owned Nigerian subsidiary PayPassage have partnered to launch a financial services marketplace
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Tyme Picks Up US$70 Million Series B From Tencent and CDC
Singapore-headquartered challenger bank Tyme has closed a US$180 million Series B round with fresh infusions from Tencent and CDC. The
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Watch Out for These 5 Fintech Events in Africa in H1 2022
Fintech events in Africa can be centres of crucial conversation, considering the traction that the sector has gained in the
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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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