South Africa

African Fintech Sector Attracts More Funding

The African fintech sector is gaining interest from global investors. Recently, Algerian super app Yassir announced that it had raised US$150 million in Series B funding – making it North Africa’s most significant funding to date.  Participating investors led by

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Vodacom, Alipay to Launch Financial Services App VodaPay in Egypt

South Africa’s Vodacom Group is planning to launch its Alipay-enabled financial services app VodaPay in Egypt, according to a Bloomberg interview with Vodacom’s CEO Shameel Joosub. The launch comes after the mobile communication company obtains the necessary approvals to acquire

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MFS Africa Partners Ripple to Enhance Its Real-Time Mobile Payments

Mobile money company MFS Africa has partnered with crypto solutions provider Ripple to streamline real-time mobile payments for its customers across 35 countries. The partnership will see MFS Africa utilising Ripple’s On-Demand Liquidity (ODL) solution to reduce bottlenecks associated with

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Meet the 6 Fintech Startups Competing in the Ecobank Fintech Challenge 2022 Finals

African banking group Ecobank Group has announced the six finalists for the fifth edition of the Ecobank Fintech Challenge, chosen from a pool of 700 applicants in 59 countries. Finalists will undergo a mentoring programme to explore funding opportunities and

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5 African Fintech Startups on CB Insights’ Fintech 250 Most Promising List

Five African fintech startups made this year’s Fintech 250, CB Insights’ annual list of the 250 most promising private fintech companies in the world. The 250 winners were selected from a pool of over 12,500 eligible private companies based on

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Biometric Identity Verification Startup iiDENTIFii Raises US$15M Series A

Identity verification platform iiDENTIFii has raised a US$15 million Series A funding round led by African investment company Arise, with Sanari Capital and angel investor Bill Spruill. iiDENTIFii’s biometric authentication technology enables identity verification through cellphones and computers. The solution

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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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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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