Posts From Fintechnews Africa
Nigeria Lays Groundwork for Open Banking
With a booming fintech sector, the Nigerian government and regulators are now setting the foundation for open banking, releasing regulatory frameworks for the safe and efficient transmission of data with hopes that subsequently new, innovative financial solutions will emerge and
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Mobile Money Boom Lays Foundation for Fintech In Kenya
Home to over 150 fintech companies, Kenya has one of the biggest and most developed fintech ecosystems in the African continent, owning to the proliferation of mobile phones and the rise of mobile money. Similarly to other developing markets, Kenya’s
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Uganda’s Tugende Raises Additional $3.6 Million Funding to Fuel SME Lending
Tugende, a technology enabled asset finance company in East Africa, announced that it has closed $3.6 million in additional equity financing, which is an extension of the firm’s Series A, for which the first close was announced in September 2020.
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Kigali International Financial Center Reveals Rwanda’s Ambitions to be the African Hub
Rwanda Finance Limited (RFL), a state owned company mandated by the government, has launched the Kigali International Financial Center (KIFC). KIFC said in a statement that it aims to become one of the leading international financial centers on the continent.
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Fintech in Africa will Boom in 2022: Fintech News Network Launches Its 8th Publication
The Fintech News Network is pleased to announce the launch of our eighth publication; Fintech News Africa. The Fintech News Network is an industry publication covering fintech and digital news across the globe. Our readers are from established financial institutions
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Ethiopian Fintech Scene Shows Great Promise as Africa’s Next Fintech Hub
Ethiopia’s large population of unbanked, the government’s current digital push, and recent finance reforms are bringing new opportunities for fintech startups and financial innovation. With more than 112 million people, Ethiopia is the second-most populous nation in Africa and is
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Flutterwave Clinches Unicorn Status With US$170 Million Funding
African payments company Flutterwave announced that it has secured US$170 million during its Series C round, attaining unicorn status with a valuation of more than USD $1 billion. The round was led by growth-equity firms Avenir Growth Capital and Tiger
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Citi Unveils Digitised Documentation for Cross-Border Payments
Citi has announced the launch of a new service for its institutional clients that speeds up the processing of their cross-border payments through the digitisation of supporting documents. With Citi’s new service, documents can be completed, processed and tracked digitally
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Egyptian Fintech Startup NowPay Signs MOU With Export Development Bank of Egypt
Egyptian fintech startup NowPay signed a Memorandum of Understanding with the Export Development Bank of Egypt (EBE) for a credit facility to fund NowPay’s current salary advances product and future development of new products. NowPay allows corporate employees to get
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Visa Supports Egyptian Fintechs With Training Programme
Egypt’s Information Technology Industry Development Agency (ITIDA) has collaborated with Visa to launch their fintech training programme for Egyptian fintech startups and entrepreneurs. The ITIDA-VISA Mentorship Programme aims to enhance cooperation in supporting entrepreneurship, encouraging startups to develop innovative fintech
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