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Mobile Money Fintech pawaPay Hauls US$9 Million Seed Funding
London-based payments company pawaPay, which focuses on the Africa market, has raised US$9 million in a seed round, according to an announcement. China’s MSA Capital and UK-based 88mph led the round. Participating investors included Vunani Capital, Kepple Ventures and Zagadat
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SoftBank’s US$400 Million Africa Bet: Your Weekly Africa Fintech News Digest
In the biggest headline of Africa fintech news last week, Nigerian mobile payments platform OPay raised a staggering US$400 million towards expansion. A number of illustrious global investors were involved in a round that gave Africa its fifth unicorn. The
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Ethiopian Challenger Bank Seals Core Islamic Banking Deal With Path Solutions
Ethiopian challenger bank Hijra Bank has has awarded a core banking deal to Islamic banking provider Path Solutions, according to a recent announcement. The announcement comes after a “highly competitive bidding and selection process,” the statement said. The partnership involves the
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Africa’s Newest Unicorn OPay Raises US$400 Million From SoftBank
Nigerian mobile payments platform OPay has raised US$400 million in funding from SoftBank, Bloomberg reported. The investment was made from SoftBank’s US$40 billion investment vehicle Vision Fund 2. Existing backers of the company Sequoia Capital China, Chinese superapp Meituan’s VC
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8 African Startups Accepted Into 2021 GreenHouse Lab Fintech Accelerator
GreenHouse Lab has inducted eight African fintech companies into the 2021 GHL Fintech Accelerator program. GreenHouse Lab (GHL) is the Fintech accelerator by African fintech investment fund and platform GreenHouse Capital’s (GHC) The six-week program is already underway, with corporate
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Frozen Bank Accounts and Leaked Bills: Your Weekly Africa Fintech News Digest
Last week was a big one for Africa fintech news, especially in Nigeria. The country’s fintech sector made it to the headlines, not once but twice. And both times were pretty scandalous. Meanwhile, the wider Africa fintech ecosystem also saw
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Africa-Focused Fintech Pngme Gathers US$15 Million Series A
Africa-focused fintech Pngme has secured US$15 million in Series A round of funding, the San Francisco- and Sub-Saharan Africa-based company has announced. The funding comes within a year of the startup’s US$3 million seed round. London-based VC fund Octopus Ventures
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More Winners Added to The Search Africa by ADGM
After its first stop of The Search – Africa, the global startup roadshow by the Abu Dhabi Global Market (ADGM) moved across the UK and Central Europe, before returning for its second leg in Africa. This second edition featured six
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CapitalSage Technology Picks Up U$4 Million Debt for Expansion
Nigeria-based CapitalSage Technology has raised NGN 2.2 billion, or U$4 million, in debt funding, the company announced. The financing was raised in a Series 1 Private Company issuance with a 365-day tenor, under the company’s NGN 10 billion programme. It
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dopay Acquires Banking Licence Through Bank ABC Egypt
Payments fintech dopay has secured a banking agent licence from Bank ABC Egypt for a virtual banking platform, a statement from the company said. The collaboration will allow dopay to offer its B2B payment and banking platform for SMEs and
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