Posts From Fintechnews Africa
Egyptian VC Firm DisrupTech Ventures Bags US$5 Million Investment From Proparco
DisrupTech Ventures, an Egypt-based venture capital firm focused on fintech, has received a US$5 million investment from Proparco, a subsidiary of the Agence Française de Développement (AFD) devoted to private sector funding. The early-stage venture capital fund aims to provide
Read More
Central Bank of Kenya Launches QR Code Mobile Payment Standard
The Central Bank of Kenya (CBK) announced the issuance and implementation of the Kenya Quick Response Code Standard 2023 . The Standard will guide how Payment Service Providers and banks that are regulated by the CBK will issue Quick Response
Read More
Fintech Hub: African Development Bank and Africa Fintech Network Sign $525,000 Grant
The African Development Bank has signed a $525,000 grant agreement with Africa Fintech Network AFN (not associated to Fintechnews.africa) for the setup of the Africa Fintech Hub, an online portal that will serve as a one-stop shop for all fintech
Read More
African Blockchain Venture Funding is Booming
CV VC’s second African Blockchain Report 2022 affirms the transformational impact of blockchain in Africa, on the welfare of nations and the continent’s technology standing. Africa is the only global region to have experienced increased venture funding and an explosion
Read More
South African Peach Payments Collects US$31M Series A Funding
Apis Growth Fund II, a private equity fund managed by Apis Partners, a UK-based asset manager, announces its proposed investment of €29M (US$31M) in Baobab Payments GmbH (trading as Peach Payments), a rapidly growing digital payment service provider that enables
Read More
African Neobank PayDay Secures $3M in Funding
PayDay just raised a $3M seed round, led by Moniepoint Inc, with participation from HoaQ, DFS Lab’s Stellar Africa Fund, Ingressive Capital Fund II, and angel investors – Dare Okoudjou Founder and CEO of MFS Africa & Tola Onayemi, CEO
Read More
AWS Calls for Applications for Its Inaugural Fintech Africa Accelerator
Amazon Web Services (AWS) is calling for applications from early-stage startups to join its inaugural edition of the AWS Fintech Africa Accelerator. Applications open from now until 27 April 2023. Hosted by AWS’ Startup Loft Accelerator, this is an equity-free
Read More
Money Q Fintech Solutions Launches Digital Wallet and Remittance Services in Africa
Money Q Fintech Solutions, a Dubai-based fintech startup, announces its plans to expand its services in the African market with its in-house customisable semi-closed loop digital wallet, KrosPayz, and international money remittance system, KrosRemit. Founded in 2020 and registered at
Read More
African Development Bank Invests US$170 Million to Create 6 Million Jobs in Nigeria
The African Development Bank has invested US$170 million in the newly-launched Investment in Digital and Creative Enterprises (iDICE) programme which aims to create 6 million new jobs for young Nigerians. Other partners in the programme include the French government which will
Read More
Fintech Dominates Africa Startup Funding and Unicorn Club
In Africa, fintech maintains its position as the most dynamic and fastest-growing startup segment, attracting the lion’s share in startup funding and dominating other categories in terms of unicorn count, new reports by local media and information services platforms show.
Read More