Kenya
Kenya SME Lender Pezesha Raises Seven-Figure Seed Extension
Kenyan fintech startup Pezesha has secured a seven-figure seed extension round led by GreenHouse Capital (GHC). The round also included GHC’s sister company Venture Garden Group, which provided “on-lending liquidity support,” the company said. The funding will be used to
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Meet The Winners Of The Search – Africa Stop By ADGM
The African fintech space is undergoing a phase of radical growth, as speakers at The Search – Africa Stop 1 highlighted. Africa is at the epicenter of a fintech evolution. What started as a burst of growth in payments tech,
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AAR Insurance Partners With Safaricom to Migrate to AWS Cloud
AAR Insurance has inked a deal with telecommunications provider Safaricom to roll out new technology infrastructure based on the Amazon Web Services (AWS) as part of its goal to be a full digital insurance company. The medical underwriter has begun
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South Africa, Nigeria and Kenya: Africa’s Largest Fintech Hubs
In Africa, South Africa, Nigeria and Kenya have the three most developed fintech ecosystems, combining more than 450 companies. This burgeoning industry has been driven by strong demographic indicators, increased connectivity, early regulation, and proactive governments. South Africa: an early
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Mobile Money Boom Lays Foundation for Fintech In Kenya
Home to over 150 fintech companies, Kenya has one of the biggest and most developed fintech ecosystems in the African continent, owning to the proliferation of mobile phones and the rise of mobile money. Similarly to other developing markets, Kenya’s
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Fintech Attracts Lion’s Share of 2020 African Tech Funding
Fintech funding in Africa jumped 49.3% in 2020 to US$160 million. The amount was raised by 99 fintech startups, making fintech the dominant tech sector of 2020, a new report by regional startup news and research portal Disrupt Africa found.
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Kenya Central Bank Outlining Open Banking Ambitions
The Central Bank of Kenya (CBK) has released a draft document outlining a five-year digitalization plan to modernize the country’s domestic payment landscape. The document, titled Kenya National Payments System Vision and Strategy 2021 – 2025 and released in December
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3 Barriers European Fintechs Face Around Working with Refugee Populations
Refugees in Europe are struggling to access basic financial services, and though this would have typically represented an opportunity for fintechs, companies in the space are facing major barriers that are hampering their ability to adequately serve these underbanked populations,
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Why Are 80% of Central Banks Looking into Digital Currencies?
In 2019, 80% of central banks were engaged in work related to central bank digital currency (CBDC), compared with 70% the previous year. Amongst these, 40% had progressed from conceptual research to experiments or proofs-of-concept, and 10% had developed pilot
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Standard Chartered Launches Second Wave of Digital-only Banks Across 4 African Markets
Standard Chartered today announced the start of the second phase of its digital-only retail bank across Africa. In response to growing consumer demand for innovative banking services on the continent, the Bank will launch its digital solution in four key
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