Archive
Report: Africa’s Top Fintech Hubs Are Also Its Most Regulated
The development of Africa’s top fintech hubs is closely connected with how robust its regulatory landscape is, a new report by Afriwise points out. The report, titled “Catch me if you can: How regulators will impact Africa’s Fintech sector,” notes
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YO-Uganda Forms Partnership With USADF to Deploy Mastercard Farmer Network
Yo-Uganda Limited (“Yo!”), a 16-year-old leading financial technology solutions provider based in Kampala, Uganda, has announced a new grant partnership with the United States African Development Foundation (USADF) to roll out Mastercard Farmer Network – a digital agriculture solution that
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Egyptian Banks Launch EGP 1 Billion Egypt Fintech Fund
Three Egyptian banks will be launching an Egypt fintech fund of EGP 1 billion (US$63.6 million) to support fintech companies next month, according to a recent statement. The three banks are National Bank of Egypt, Banque Misr, and Banque du
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African Crypto Exchange Raises US$15M From Square, Coinbase and More
Cryptocurrency exchange Yellow Card, which has a pan-African presence, has secured US$15 million in a Series A round. This is the largest ever funding round to have been raised by an African crypto exchange, a statement from the company said.
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MEA Fintech Weekly News: Dubai Gets Regulatory Nod for Crypto Trading
In last week’s MEA fintech news, it’s all eyes on crypto trading in the UAE – approvals for crypto trading at a Dubai-based free zone make their way through, while BitOasis registers on an anti-money laundering system in the country.
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Nigeria’s Infibranches Raises US$2m From Shell-Backed Impact Firm
Nigeria-based energy distribution and collection fintech startup Infibranches Technologies has secured US$2 million in a funding round raised from All On, Nairametrics reported. All On is the impact investment arm of oil and gas multinational Shell. The funding will be
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Egypt-Focused dopay Raises US$18 Million Series A
Egypt-focused B2B2C payments platform dopay has secured US$18 million in a Series A funding round, the company announced in a statement last week. The company is based out of London and currently caters to its initial market Egypt. Force Over
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Thunes and M-Pesa Tanzania to Boost Cross-Border Payments in East Africa
Global cross-border payments company Thunes has announced a partnership with M-Pesa Tanzania to launch a new service corridor, a statement from the company said. The service will allow users of M-Pesa Tanzania to transfer money directly from M-Pesa mobile wallets
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MEA Fintech Weekly News: Melio’s Valuation Soars After US$250M Funding
In last week’s MEA fintech news, we saw US-Israeli fintech startup Melio raise a quarter billion dollars at a hefty valuation, while another US-Israeli fintech company Pagaya announced its SPAC listing. Elsewhere, Nigeria emerged the top funded fintech hub in
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Egypt’s Kashat Raises US$1.75m for Micro Lending App
Kashat, an Egyptian micro loan solutions provider, has raised US$1.75 million in a new bridge funding round, Magnitt reported. The round was led by pan-African VC fund Launch Africa Ventures, and had “key” regional investors participate, the report said. This
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