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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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Fintech Digest: Israel Has a New Cybersecurity Lab for Israeli Fintech Startups

In a tech solutions crossover last week, Enel X and Mastercard have launched a ‘FinSec Innovation Lab’ — a lab that focuses on cybersecurity capabilities for Israeli fintech companies — in Israel. The FinSec Innovation Lab will create state-of-the-art environments

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Thunes and UniTeller Partner Over Africa and APAC Expansion

Singapore-headquartered payments network Thunes and US-based cross border payments company UniTeller have announced a partnership to expand UniTeller’s services globally, according to a recent statement. Thunes and UniTeller will be working on extending UniTeller’s solutions to over 20 international markets

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4 Things You Should Know About the African Fintech Industry: Report

The African fintech industry has grown by leaps and bounds, no doubt. VC dollars have flooded the startup market, mobile money is all anyone can talk about, and regulators are watching this space ever so closely. A number of other

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Fintech Digest: UAE, Singapore Pilot First-Of-Its-Kind Cross-Border Trade Finance Project

The Monetary Authority of Singapore (MAS) and Abu Dhabi’s Financial Services Regulatory Authority (FSRA) have completed a first-of-its-kind digital cross-border trade finance document transfer (Fintech Futures). This makes the initiative the world’s first cross-border digital trade financing pilot, a statement

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Is Crypto in Africa the Next Big Thing?

Global crypto adoption is being propelled by emerging markets, and crypto in Africa is at the forefront of this. As of August this year, peer-to-peer (P2P) bitcoin trading volumes in sub-Saharan Africa on crypto trading platforms LocalBitcoins and Paxful crossed

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Fintech Has Taken Off In Africa – Here’s Why It’s Not A Bubble

Some of the most innovative models in fintech we’ve seen have come out of our Africa portfolio, such as the way Pula advanced embedded finance by bundling crop insurance with the seed bought by small farmers. This year, it seems

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MFS Africa Raises US$100m Series C to Boost Expansion

In another big round this week, pan-African digital payments gateway MFS Africa has secured US$100 million in a Series C equity and debt round, the company announced in a statement. The financing is split US$70 million for equity and US$30

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Fintech Digest: Will Mobile Money Shake Up Nigeria’s Banking Industry?

MTN Nigeria and Airtel Africa had a substantial win in Nigeria last week, after the two mobile money players won conditional approval from the Central Bank of Nigeria to offer mobile banking services. MTN Nigeria and Airtel Africa still have

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