Posts From Fintechnews Africa
Bank Frick Gets Acquired By a South African Tech Company
Net 1 UEPS Technologies, announced that it has exercised its option to acquire an additional 35% interest in Bank Frick, a fully licensed bank based in Balzers, Liechtenstein for approximately USD 46.4 million, subject to certain purchase price adjustments. he
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Meet the 10 Fintechs Selected Startupbootcamp’s First Ever Cairo Cohort
Egypt’s multi-partner backed FinTech accelerator program Startupbootcamp-Pride FinTech Cairo holds its first Demo Day to present 10 graduating startups to investors, industry experts and entrepreneurship ecosystem stakeholders on the 22nd of May. The maiden programme was first announced officially in
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Fintech Startups in Egypt Stand to Gain a Cut from US$200 Mil Fund by the World Bank
The World Bank has set aside US$200 million for Egyptian SMEs hoping to create job opportunities for the kingdom’s youth. The project, called ‘Catalyzing Entrepreneurship for Job Creation’, will funnel about US$145 million to grant loans for small businesses—especially those
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Why Egypt’s Fintech Boom is Inevitable
Here are a few facts about Egypt. The country is home to 100 million people, making it the most populous nation in the Middle East and North Africa. Among these numbers, 84% of the people were unbanked in 2018. According
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Egypt’s Central Bank Announces an EGP 1 Bil Fintech Fund and Regulatory Sandbox
The Central Bank of Egypt (CBE) will establish an EGP 1 billion innovations support fund to finance Egypt’s fintech startups—called the Central Bank’s Financial Technology Unit. The announcement was made by Ayman Hussein, Deputy Governor of the CBE at the Arab African
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10 Top Fintech Startups in Egypt to Keep an Eye On
As one of the most populous countries in the Middle East topped with a large unbanked population Egypt is fertile for fintech to flourish. Recent report indicates that fintech is one of the fastest growing sector in Egypt. As in
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Allianz X Increases Fund Size to €1 Billion, Eyeing to Invest in Digital Business
Allianz X, the digital investment unit of the Allianz Group, announced today it has received additional investment from Allianz SE, increasing its fund size to €1 billion. The increase is the result of Allianz X’s investment track record, successful collaborations
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Standard Chartered Launches Second Wave of Digital-only Banks Across 4 African Markets
Standard Chartered today announced the start of the second phase of its digital-only retail bank across Africa. In response to growing consumer demand for innovative banking services on the continent, the Bank will launch its digital solution in four key
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Fintech and The Digital Banking Impact for Africa
The unique environment for financial services in Africa is fertile ground for innovative FinTech players who are not only disrupting but also building it from the scratch which is bringing Financial inclusions and attracting other investments across the continent. New
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Salt Telco’s Fintech Arm Tackles Micro Lending in Africa—And Potentially Europe
Peer to Peer (P2P) Lending Market is projected to grow at a CAGR of 51.5% from 2016 to 2022, to reach $460,312 million by 2022. With a decade’s experience handling mobile money solutions under their belt, a thoughtful and agile expansion
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