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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

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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

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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

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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

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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

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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

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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

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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

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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).

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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

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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

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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

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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

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Egyptian Fintech Startup NowPay Signs MOU With Export Development Bank of Egypt

Egyptian fintech startup NowPay signed a Memorandum of Understanding with the Export Development Bank of Egypt (EBE) for a credit

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Visa Supports Egyptian Fintechs With Training Programme

Egypt’s Information Technology Industry Development Agency (ITIDA) has collaborated with Visa to launch their fintech training programme for Egyptian fintech

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Bank of Ghana Pilots Fintech Sandbox

The Bank of Ghana launched a regulatory and innovation sandbox pilot in collaboration with fintech firm EMTECH which provides cloud-based

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Fintech Attracts Lion’s Share of 2020 African Tech Funding

Fintech funding in Africa jumped 49.3% in 2020 to US$160 million. The amount was raised by 99 fintech startups, making

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Ethiopia, Ghana and Rwanda Among Africa’s Fastest-Growing Fintech Ecosystems: Report

South Africa, Nigeria and Kenya have historically been the fintech hubs of Africa, but the next chapter for the industry

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Tanzania’s Nascent Fintech Sector is Poised for Growth

In Tanzania, the fintech sector is still nascent with less than 50 companies, among which 68% in their early stages

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Kenya Central Bank Outlining Open Banking Ambitions

The Central Bank of Kenya (CBK) has released a draft document outlining a five-year digitalization plan to modernize the country’s

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Arab Investment Bank Taps Temenos to Boost Its Digital Banking Capabilities

The Arab Investment Bank announced that it has selected Temenos, a Swiss banking software company to bolster its digital banking

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Booming Nigerian Fintech Sector Could See Revenues Reach US$543M by 2022

Fintech revenues in Nigeria are projected to reach an estimated US$543 million by 2022, driven by increasing smartphone penetration and

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A Fintech Academy for Egypt

Knowledge Officer announced a collaboration with the Corporation for International Cooperation (GIZ) to launch the Fintech Academy, which is said

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3 Swiss Fintech Startups Targeting South Africa

3 Swiss fintech startups namely 4bridges, AgFlow and e-traid (e-commerce) were among the startups chosen to be a part of

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3 Barriers European Fintechs Face Around Working with Refugee Populations

Refugees in Europe are struggling to access basic financial services, and though this would have typically represented an opportunity for

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TPay Mobile and Vodafone Egypt Launch Digital Payment on Google Play

Vodafone Egypt, the largest mobile network operator in Egypt in terms of active subscribers and Tpay Mobile, a digital payment

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Bill and Melinda Gates Foundation Donates US$1.5 M to Strengthen Cybersecurity in Africa and Asia

CREST, the not-for-profit accreditation and certification body for the technical security industry, has received a grant of $1.4 million from

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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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Egyptian National Post Wants to Promote Egypt’s Initiative for Financial Inclusion

ENPO, one of the largest and oldest postal, financial and governmental service providers in the Middle East, has an extensive

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Bank Frick Gets Acquired By a South African Tech Company

Net 1 UEPS Technologies, announced that it has exercised its option to acquire an additional 35% interest in Bank Frick,

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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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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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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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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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