Posts From Fintechnews Africa

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 by Kora Capital, PayPal Ventures, and Clay Point. This Series B funding round brings Paymob’s total funding to over US$68.5

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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 summit’s organiser Exibex said that it is preparing to host a gathering of 350+ attendees to hear from 20+ industry

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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 work done by the Central Bank of Nigeria (CBN) in developing and deploying the eNaira, a digital form of 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 with iCon Transactions and Tracing Technologies (iT&TT). These new additions to OpenWay’s partner network will allow its clients to reduce

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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. The funding round, which claims to be Egypt’s largest Fintech Series A round so far, was led by Nclude by

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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 leading MEA-focused venture capital firm – announce the launch of Nclude by Global Ventures, following approval by the Central Bank

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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 investment surges. In its first industry report, Fintech Egypt, an initiative of the Central Bank of Egypt, delves into that

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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 million in an oversubscribed Series A2 round consisting of equity and debt. The round is led by existing investors, Speedinvest,

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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 stablecoin and ADA Pay, which allows merchants to accept ADA for their goods and services. Through the partnership, COTI brings

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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 raised in 2018 by 159% and overshadowing 2020’s figure of US$230 million by a staggering X8, new data from Crunchbase

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