Posts From Fintechnews Africa
Financial Inclusion Improves in Tanzania, Facilitated by Mobile Money
In Tanzania, financial inclusion is improving at a rapid pace, facilitated by the proliferation of mobile phones and a significant uptake in mobile money services usage in the country, a 2023 study by Financial Sector Deepening Tanzania (FSDT), a local
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5 Agri-Fintech Startups from Africa to Know
In recent years, the emergence of agritech and fintech providers in East and Southern Africa (ESA) has brought about innovative solutions designed to address the needs and challenges of smallholder farmers and underserved groups. A new report released in May
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South African Insurtech Startup LeaseSurance Raised $3M Seed
LeaseSurance, a South African Insuretech platform underwritten by Bryte, has successfully raised R3million in a seed financing round led by Fedgroup Private Capital. The funding will be instrumental in advancing LeaseSurance’s mission of enhancing the real estate ecosystem through its
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Blockchain-Based Payments on the Rise in Africa
Africa’s cryptocurrency market is surging on the back of booming usage of blockchain-based payments across the region. Use cases including remittances, supply chain financing, digital identity verification, and peer-to-peer (P2P) lending, a new report produced by Finextra in association with
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LemFi Raises $33 Million To Transform Financial Services For African Immigrants
LemFi (former Lemonade Finance), a Canada based fintech platform transforming financial services for immigrants, has raised a $33 million Series A round led by Left Lane Capital. Other investors included Y-Combinator, Zrosk, Global Founders Capital, and Olive Tree. Each year,
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Top 9 Upcoming Fintech Events in Africa
Fintech in Africa has witnessed significant growth and dynamism in recent years, driven by a combination of favorable demographic, economic and technological factors. Between 2017, the number of fintech startups active in the continent increased by 125.2% to reach 678
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Paris Saint-Germain and Algerian Super-App Yassir Sign Global Partnership
Football club Paris Saint-Germain and Yassir, the Super-App offering on-demand and payment services in North Africa announced the signing of a global partnership for three seasons with the aim of further developing the Yassir brand on the international stage. The
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Mastercard and Lipa Join Forces to Drive Financial Inclusion and BNPL Solutions in Africa
Mastercard has announced a strategic partnership with Lipa Later, a leading credit-led and technology-driven fintech. This collaboration aims to accelerate the expansion of Buy Now, Pay Later (BNPL) payment services in Africa. The partnership is expected to unlock new opportunities
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Nigeria Legislative Body Requests Pause on Social Media KYC Requirement
The House of Representatives, one of the two Chambers that make up the Bicameral Legislature of Nigeria, has requested the central bank to halt the implementation of a new directive mandating financial institutions to collect additional customer information, including social
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Accelerate Your SME Lending with Real-Time Approvals
Small and medium-sized enterprises (SMEs) are the foundation of the economy as they drive growth, build competition, and create jobs. Despite this, they are often at the back of the line when it comes to getting quick access to credit.
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