Posts From Fintechnews Africa

Discover 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 next few years. BNPL products have gone from interesting new option to a household staple in recent years. And, like

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Egyptian 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 to over US$1 billion. The funds came from Chimera Abu Dhabi which has invested more than US$200 million in equity

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Nigeria’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 by small and medium-sized agriculture businesses. This burgeoning sector is attracting the interest of funders and gaining support from organizations

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Fintech 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 companies in the nation and employing most of the ecosystem’s staff, a new report by Disrupt Africa, a local media

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Egypt’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 access to financial services, developing financial literacy and facilitating the introduction of innovative financial products that meet consumers as well

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World 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 in Africa, Middle East, Central Asia, and Pakistan. According to the IFC, these regions collectively received less than two percent

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Hibret Bank Launches E-Commerce Digital Payments Solution With Mastercard

Ethiopia’s Hibret Bank has partnered with Mastercard to launch Hibir e-commerce, a digital payments platform for Ethiopian businesses to accept international card payments for online purchases. The platform, enabled by Mastercard Payment Gateway Services, allows businesses and merchants to accept

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Vodacom, Alipay to Launch Financial Services App VodaPay in Egypt

South Africa’s Vodacom Group is planning to launch its Alipay-enabled financial services app VodaPay in Egypt, according to a Bloomberg interview with Vodacom’s CEO Shameel Joosub. The launch comes after the mobile communication company obtains the necessary approvals to acquire

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MFS Africa Partners Ripple to Enhance Its Real-Time Mobile Payments

Mobile money company MFS Africa has partnered with crypto solutions provider Ripple to streamline real-time mobile payments for its customers across 35 countries. The partnership will see MFS Africa utilising Ripple’s On-Demand Liquidity (ODL) solution to reduce bottlenecks associated with

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Blnk Raises US$32M Led by Abu Dhabi’s EIIC and Sawari Ventures

Egyptian consumer credit platform Blnk has raised US$23.7 million in equity and debt funding, and US$8.3 million in securitised bond issuance underwritten by National Bank of Egypt and Banque du Caire. The US$12.5 million equity round was led by Abu

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