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African Fintech Startups Raised New Record of US$2B in 2021
In 2021, African fintech startups raised a new all-time high of US$2 billion, surpassing the previous record of US$773 million raised in 2018 by 159% and overshadowing 2020’s figure of US$230 million by a staggering X8, new data from Crunchbase
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Pipit Global Expands to 12 African Markets With Cellulant
UK-headquartered global cash payments platform Pipit Global and pan-African payments company Cellulant have extended their partnership agreement to include eighteen new countries in Sub-Saharan Africa. Through the partnership, the two companies will provide both B2B and B2C payments services to
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Fintech Digest: Mubadala Remains Optimistic About Crypto Investments
Abu Dhabi’s sovereign wealth fund Mubadala has made investments in the crypto ecosystem amidst its growing value, Reuters reported. “This is a business that had, what $200 billion worth of crypto value two years ago, and it’s two and a
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Watch Out for These 5 Fintech Events in Africa in H1 2022
Fintech events in Africa can be centres of crucial conversation, considering the traction that the sector has gained in the continent just in the past year. In many ways, the development of the fintech industry across the African continent represents
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Fintech Digest: South Africa Gears up for New Crypto Regulatory Framework
South Africa will be launching a new regulatory framework for cryptocurrencies in early 2022 (Bitcoin.com). The country’s Financial Sector Conduct Authority (FSCA) announced that it would be unveiling a crypto regulatory framework for the trading of crypto coins. “What we
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Fintech Digest: Saudi Arabia’s Fintech Space Grows With 16 New Licenses
Saudi Arabia’s fintech sector has broadened, with licenses issued to 16 new fintech companies during the third quarter of this year (Zawya). According to the Saudi Central Bank governor, 13 of these companies come from the payments and electronic wallets
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7 Africa-Based Crypto Exchanges You Should Know
As good news for Africa-based crypto exchanges, crypto has emerged as one of the top fintech trends across Africa this year despite wide regulatory disapproval of the trading of these currencies. Kenya, Nigeria, Togo, South Africa, Ghana, Tanzania emerged as
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Fintech Digest: 90% Of Nigeria’s Startup Funding Came From Fintech
Nigeria’s startup funding reached approximately US$417.5 million in nine months, and a lion’s share of this came from fintech (Punch). The funding total already beats the US$300 million these companies raised last year (fintech companies dominated Nigeria’s startup funding in
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Investor Appetite Strong for Seed Stage Fintech and Crypto Deals in Africa
In today’s funding update, a crypto exchange, a fintech API platform and an MSME lender have raised seven-figure investment rounds across pre-seed and seed stage deals in Africa. The deals indicate that very early stage deals remain popular for fintech
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These 8 African Fintech Companies Raised US$100m+ This Year
African fintech companies have had a year like no other when it comes to funding. Between Q1 and Q3 this year, African fintech companies raised US$1.44 billion in funding dollars. The funding total surpassed the entire amount raised by these
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