Archive
Tanzanian Fintechs Struggle With Unclear Regulation, Limited Funding, Lack of Talent
Although the fintech ecosystem in Tanzania has developed rapidly over the past decade, it remains nevertheless small and nascent with just 33 pure fintech players identified. Out of these companies, only 36% have managed to secure seed funding or growth
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Tanzania to Soon Have a Central Bank Digital Currency
The Bank of Tanzania, the country’s central bank, has announced plans to introduce its central bank digital currency, Bloomberg reported. The central bank is looking to bolster the capacity of its officials on central bank digital currencies, as well as
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Fintech Digest: 90% Of Nigeria’s Startup Funding Came From Fintech
Nigeria’s startup funding reached approximately US$417.5 million in nine months, and a lion’s share of this came from fintech (Punch). The funding total already beats the US$300 million these companies raised last year (fintech companies dominated Nigeria’s startup funding in
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Investor Appetite Strong for Seed Stage Fintech and Crypto Deals in Africa
In today’s funding update, a crypto exchange, a fintech API platform and an MSME lender have raised seven-figure investment rounds across pre-seed and seed stage deals in Africa. The deals indicate that very early stage deals remain popular for fintech
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FSD Africa to Launch BimaLab Insurtech Accelerator in Ghana and Nigeria
Specialist development agency Financial Sector Deepening (FSD) Africa is set to be launching its insurtech accelerator program in Ghana and Nigeria in 2022. The agency will be launching its BimaLab Insurtech Accelerator Program in the two West African countries next
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6 Biggest African Fintech Hubs Take the Spotlight
African fintech hubs have grown rapidly in the past few years, leading to pockets of fintech development across the continent. According to Findexable’s Global Fintech Rankings Report, 14 of the top Middle East and African fintech hubs came from the
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These 8 African Fintech Companies Raised US$100m+ This Year
African fintech companies have had a year like no other when it comes to funding. Between Q1 and Q3 this year, African fintech companies raised US$1.44 billion in funding dollars. The funding total surpassed the entire amount raised by these
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Fintech Digest: Israel Has a New Cybersecurity Lab for Israeli Fintech Startups
In a tech solutions crossover last week, Enel X and Mastercard have launched a ‘FinSec Innovation Lab’ — a lab that focuses on cybersecurity capabilities for Israeli fintech companies — in Israel. The FinSec Innovation Lab will create state-of-the-art environments
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Thunes and UniTeller Partner Over Africa and APAC Expansion
Singapore-headquartered payments network Thunes and US-based cross border payments company UniTeller have announced a partnership to expand UniTeller’s services globally, according to a recent statement. Thunes and UniTeller will be working on extending UniTeller’s solutions to over 20 international markets
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South Africa’s Ozow Secures US$48m Series B
Ozow, a South Africa-based payments company, has raised US$48 million in a Series B round of funding, according to a company announcement. The round was led by Chinese Internet giant Tencent, along with participation from Endeavor Catalyst and Endeavor Harvest
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