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Blockchain-Based Payments on the Rise in Africa
Africa’s cryptocurrency market is surging on the back of booming usage of blockchain-based payments across the region. Use cases including remittances, supply chain financing, digital identity verification, and peer-to-peer (P2P) lending, a new report produced by Finextra in association with
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Accelerate Your SME Lending with Real-Time Approvals
Small and medium-sized enterprises (SMEs) are the foundation of the economy as they drive growth, build competition, and create jobs. Despite this, they are often at the back of the line when it comes to getting quick access to credit.
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Digitalization: Africa to Become a Top Services Outsourcing Destination in Case Productivity Gets Better
In Africa, improved productivity, increased digitalization and a rapidly expanding talent pool are laying the foundations for the continent to become a major services outsourcing destination, a new report by McKinsey and Company says. The report, released on June 05,
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African Blockchain Venture Funding is Booming
CV VC’s second African Blockchain Report 2022 affirms the transformational impact of blockchain in Africa, on the welfare of nations and the continent’s technology standing. Africa is the only global region to have experienced increased venture funding and an explosion
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AWS Calls for Applications for Its Inaugural Fintech Africa Accelerator
Amazon Web Services (AWS) is calling for applications from early-stage startups to join its inaugural edition of the AWS Fintech Africa Accelerator. Applications open from now until 27 April 2023. Hosted by AWS’ Startup Loft Accelerator, this is an equity-free
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Money Q Fintech Solutions Launches Digital Wallet and Remittance Services in Africa
Money Q Fintech Solutions, a Dubai-based fintech startup, announces its plans to expand its services in the African market with its in-house customisable semi-closed loop digital wallet, KrosPayz, and international money remittance system, KrosRemit. Founded in 2020 and registered at
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Fintech Dominates Africa Startup Funding and Unicorn Club
In Africa, fintech maintains its position as the most dynamic and fastest-growing startup segment, attracting the lion’s share in startup funding and dominating other categories in terms of unicorn count, new reports by local media and information services platforms show.
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African ID Verification Platform Smile Raised $20 Million Funding in Series B
Smile Identity, a provider of digital identity verification solutions for Africa, has secured $20 million in Series B funding. The round was co-led by Costanoa and Norrsken22. Additional new investments came from Commerce Ventures, Courtside Ventures, Two Culture Capital, and
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SC Ventures Partners With Yabx to Expand Access to Financial Services in Africa
SC Ventures, Standard Chartered’s fintech investment and ventures arm has entered into a Memorandum of Understanding (MOU) with Yabx, a company incubated by Comviva and part of the Mahindra Group, to address a deep-rooted need for responsible consumer finance in
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Fintech Retains Crown as Investors’ Favorite Startup Sector in Africa
In 2022, fintech remained the most funded startup sector in Africa, accounting for 39% of all equity funding (US$1.9 billion) and 45% of the total debt volume (US$691 million), data from venture capital (VC) firm Partech show. The figures were
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