Posts From Fintechnews Africa
Zimbabwe, Togo and Zambia Showed Significant Growth in Fintech Interest Since the Past Year
Over the past year, Latvia, Zimbabwe and Israel have witnessed the highest surge in fintech interest worldwide, an analysis by the Fintech News Network found. Latvia considered as one of the most startup-friendly countries in the world Google Trends data
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Fintech Development in Algeria Lags Behind MENA Counterparts
Despite strong mobile phone penetration and high mobile broadband connectivity, fintech development in Algeria is still underwhelming compared to other nations in the Middle East and North Africa (MENA) region, experts say. According to World Bank experts, only 16% of
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Vodacom Tanzania Now Offers Mondia Pay and M-Pesa Payment Options
Digital payments company Mondia Pay and mobile money service M-Pesa have partnered to allow Tanzanians to conveniently access Mondia’s suite of online content on the Vodacom Tanzania PLC digital services network. With the addition of the Mondia Pay and M-Pesa
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Global Partnership Led by Safaricom Bags Ethiopia’s Telecoms License for $850 Million
Global Partnership, an international consortium, has been awarded a license to operate telecommunications services in Ethiopia from 2022 onwards. Reuters reported that the consortium had paid $850 million for the license to beat out South Africa’s MTN who was also
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South Africa, Nigeria and Kenya: Africa’s Largest Fintech Hubs
In Africa, South Africa, Nigeria and Kenya have the three most developed fintech ecosystems, combining more than 450 companies. This burgeoning industry has been driven by strong demographic indicators, increased connectivity, early regulation, and proactive governments. South Africa: an early
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Tunesian Fintech Expensya Secures $20 Million for European Expansion Plans
Expensya, a Tunisian-French expense management software provider, announced that it has raised $20 million in funds. The investment came from MAIF Avenir, a French innovation capital fund, and Silicon Badia, a venture capital fund headquartered between the U.S and the
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FIS Expands Payment Capabilities Into South Africa and Nigeria
FIS, an American Fortune 500 company which offers a wide range of financial products and services, announced that it is expanding its payment processing capabilities into the rapidly growing markets of South Africa, Nigeria and Malaysia. In South Africa and
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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 from existing investors TLcom Capital, and newly joined Accenture Ventures. Okra is an Open Finance platform that enables developers and
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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 about 40 fintech solutions, according to a research by financial inclusion think tank Consultative Group to Assist the Poor (CGAP).
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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 fundraising activity. It follows a first tranche of US$3.5 million, raised in July 2020. The capital raise was led by
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