Posts From Fintechnews Africa
Investor Appetite Strong for Seed Stage Fintech and Crypto Deals in Africa
In today’s funding update, a crypto exchange, a fintech API platform and an MSME lender have raised seven-figure investment rounds across pre-seed and seed stage deals in Africa. The deals indicate that very early stage deals remain popular for fintech
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FSD Africa to Launch BimaLab Insurtech Accelerator in Ghana and Nigeria
Specialist development agency Financial Sector Deepening (FSD) Africa is set to be launching its insurtech accelerator program in Ghana and Nigeria in 2022. The agency will be launching its BimaLab Insurtech Accelerator Program in the two West African countries next
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6 Biggest African Fintech Hubs Take the Spotlight
African fintech hubs have grown rapidly in the past few years, leading to pockets of fintech development across the continent. According to Findexable’s Global Fintech Rankings Report, 14 of the top Middle East and African fintech hubs came from the
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These 8 African Fintech Companies Raised US$100m+ This Year
African fintech companies have had a year like no other when it comes to funding. Between Q1 and Q3 this year, African fintech companies raised US$1.44 billion in funding dollars. The funding total surpassed the entire amount raised by these
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Fintech Digest: Israel Has a New Cybersecurity Lab for Israeli Fintech Startups
In a tech solutions crossover last week, Enel X and Mastercard have launched a ‘FinSec Innovation Lab’ — a lab that focuses on cybersecurity capabilities for Israeli fintech companies — in Israel. The FinSec Innovation Lab will create state-of-the-art environments
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Thunes and UniTeller Partner Over Africa and APAC Expansion
Singapore-headquartered payments network Thunes and US-based cross border payments company UniTeller have announced a partnership to expand UniTeller’s services globally, according to a recent statement. Thunes and UniTeller will be working on extending UniTeller’s solutions to over 20 international markets
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South Africa’s Ozow Secures US$48m Series B
Ozow, a South Africa-based payments company, has raised US$48 million in a Series B round of funding, according to a company announcement. The round was led by Chinese Internet giant Tencent, along with participation from Endeavor Catalyst and Endeavor Harvest
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Fintech Digest: UAE, Singapore Pilot First-Of-Its-Kind Cross-Border Trade Finance Project
The Monetary Authority of Singapore (MAS) and Abu Dhabi’s Financial Services Regulatory Authority (FSRA) have completed a first-of-its-kind digital cross-border trade finance document transfer (Fintech Futures). This makes the initiative the world’s first cross-border digital trade financing pilot, a statement
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These Are the 8 Top Funded Fintech Startups in Egypt
Financial inclusion is on the developmental agenda in Egypt, and fintech startups in Egypt are one of the key driving forces to achieve this kind of adoption. Digital payments is expected to be the most benefited vertical within the fintech
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Is Crypto in Africa the Next Big Thing?
Global crypto adoption is being propelled by emerging markets, and crypto in Africa is at the forefront of this. As of August this year, peer-to-peer (P2P) bitcoin trading volumes in sub-Saharan Africa on crypto trading platforms LocalBitcoins and Paxful crossed
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