Posts From Fintechnews Africa
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
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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
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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.
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African ID Verification Platform Smile Raised $20 Million Funding in Series B
Smile Identity, a provider of digital identity verification solutions for Africa, has secured $20 million in Series B funding. The round was co-led by Costanoa and Norrsken22. Additional new investments came from Commerce Ventures, Courtside Ventures, Two Culture Capital, and
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Flutterwave Secures Payments Licenses in Egypt for North Africa Expansion
Nigerian payments company Flutterwave announced that it has received its Payment Services Provider and Payments Facilitator licenses in Egypt. This will enable Flutterwave to collect payments on behalf of its customers and settle payments locally and globally. The company will
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Partech Closes Tech Africa Fund at USD 260M
Partech, a global technology investment firm, announces the first closing of Partech Africa II at €245M, already above the target fund size. This second iteration of Partech’s Africa-focused strategy is backed by major Development Finance Institutions, as well as Institutional
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Fintech Retains Crown as Investors’ Favorite Startup Sector in Africa
In 2022, fintech remained the most funded startup sector in Africa, accounting for 39% of all equity funding (US$1.9 billion) and 45% of the total debt volume (US$691 million), data from venture capital (VC) firm Partech show. The figures were
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Fintech Momentum in Africa to Carry on in 2023
Africa’s fintech industry experienced growth in 2022, witnessing large financing rounds being closed, startups reaching unicorn status and innovative solutions gaining customer traction. The momentum positions the region’s fintech sector for further growth and success in the coming year, a
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Discover Eight Tech Features That Will Prepare You for the Future of BNPL
Buy Now, Pay Later (BNPL) is booming – some experts predict it could grow by up to 400% in the next few years. BNPL products have gone from interesting new option to a household staple in recent years. And, like
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Egyptian Fintech MNT-Halan Gets Unicorn Badge With US$400 Million Raise
Egyptian fintech MNT-Halan announced that it has raised up to US$400 million in equity and debt financing, pushing its valuation to over US$1 billion. The funds came from Chimera Abu Dhabi which has invested more than US$200 million in equity
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