Kenya
10 Companies Awarded Kenya’s First Digital Credit Provider Licenses
The Central Bank of Kenya (CBK) announced that it has awarded licenses to 10 digital credit providers out of the 288 applicants who responded to its call for applications in March 2022. The announcement stated that all digital credit companies
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Brazil’s EBANX to Expand Payments Solutions to South Africa, Kenya and Nigeria
Brazilian payments company EBANX announced plans to expand its operations and payments solutions outside Latin America for the first time to Africa, with a focus on South Africa, Kenya, and Nigeria. The three countries are said to account for 32
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Africa’s Demand for Payment Hubs Rises to Address the Continent’s Interoperability Gap
Africa is a world leader in mobile money, with Kenya and Ghana having the highest rates of mobile payment use in the world after China. The continent’s 55 countries are home to around 171 mobile money wallets, more than 1,000
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MoneyGram Launches Global Crypto-To-Cash Service in Kenya
MoneyGram has partnered the Stellar Development Foundation (SDF) with to initiate the roll out of its crypto-to-cash service that is now available in key remittance markets, including Kenya, the U.S., Canada, and the Philippines for the first wave of users.
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Here’s What You Need to Know About the Finnovex East Africa Summit 2022
The highly anticipated second annual Finnovex East Africa Hybrid Summit is set to kick off this April 20-21, 2022. The summit’s organiser Exibex said that it is preparing to host a gathering of 350+ attendees to hear from 20+ industry
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OpenWay Expands Its Networks With Partners in East Africa
OpenWay, a digital banking and payment software provider, has announced two new implementation partners in East Africa — TechNote, along with iCon Transactions and Tracing Technologies (iT&TT). These new additions to OpenWay’s partner network will allow its clients to reduce
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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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Asante Raises US$7.5m Series A for MSME Lending Platform
MSME lending startup Asante Financial Services Group announced that it has raised US$7.5 million in the first tranche of its Series A fundraise. The round was led by Goodwell Investments with participation by investors including Sorenson Impact Foundation and Forsage
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Consumer Credit Startup Tala Raises US$145m in Series E
Global consumer financing app Tala has raised US$145 million in a Series E round, the startup announced recently. The funding was led by California-based AI lending platform Upstart. Participating investors included new investors Stellar Development Foundation, Kindred Ventures and the
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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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