South Africa
World Mobile Partnership is Bringing ADA Payments to African Merchants
World Mobile Group, a global mobile network combining renewable energy with blockchain technology, partners with COTI, creator of the DJED stablecoin and ADA Pay, which allows merchants to accept ADA for their goods and services. Through the partnership, COTI brings
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Flutterwave Closes USD $250M in Series D Funding
Flutterwave announced that it has raised USD $250 million in Series D funding, valuing the company at over $3 billion as the brand continues to transform the way Africans transact on the continent and worldwide. Flutterwave has become the highest
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The 5 Most Popular Fintech Startups in South Africa 2021
South Africa is one of the top hubs for fintech, with several fintech startups in South Africa dominating headlines in 2021. The country, known for its “clearly defined startup ecosystem with multiple players across capabilities,” sees a relatively high fintech
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Tyme Picks Up US$70 Million Series B From Tencent and CDC
Singapore-headquartered challenger bank Tyme has closed a US$180 million Series B round with fresh infusions from Tencent and CDC. The company raised US$70 million from the China-based internet giant and UK impact investor, a statement from Tyme said. Funds will
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Identity Solutions Provider Entersekt Raises Funding From Accel-KKR
Cape Town-headquartered device identity and authentication solutions provider Entersekt has bagged an investment from Accel-KKR. According to a statement, the investment from the technology-focused private equity firm will allow the company to boost hiring and expansion into new markets. “We are
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TradeDepot Secures US$110m to Scale BNPL Service to Retail SMEs
B2B ecommerce and embedded finance platform TradeDepot has raised US$110 million in a Series B equity and debt funding round. The International Finance Corporation (IFC) led the Series B. Participating investors included Novastar, Sahel Capital, CDC Group, and Endeavor Catalyst.
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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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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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Jumo Secures US$120m to Scale Its BaaS Platform
South Africa-headquartered AI-based banking-as-a-service platform Jumo announced in a statement that it has raised US$120 million from new and existing backers. The round was led by Fidelity Management & Research Company, an investment advisory firm owned by the Johnson family,
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Microfinance Company Barko to Launch Digital Bank in South Africa
South African microfinance company Barko is looking to launch a digital bank using banking infrastructure by banking software provider Temenos, according to a statement released today. The statement noted that the 1996-founded micro financing institution has plans to introduce a
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