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Discover Eight Tech Features That Will Prepare You for the Future of BNPL
Buy Now, Pay Later (BNPL) is booming – some experts predict it could grow by up to 400% in the next few years. BNPL products have gone from interesting new option to a household staple in recent years. And, like
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Visa to Invest $1 Billion in Africa to Accelerate Digital Transformation
During the U.S-Africa Business Forum, Visa announced a pledge to invest $1 billion in Africa over the next five years to advance resilient, innovative, and inclusive economies across the continent. Visa’s expanded investments demonstrate the company’s long-term commitment to Africa’s
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Central Bank of Eswatini Partners With G+D to Develop Its Digital Currency
The Central Bank of Eswatini has partnered with German payments company Giesecke+Devrient (G+D) to research and explore the development of a central bank digital currency (CBDC). G+D’s appointment stems from the completion of the first phase of a CBDC diagnostic
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Top 8 Most Well-Funded Fintechs in Africa
Africa’s fintech sector is booming, fueled by soaring venture capital (VC) funding activity, rising adoption of digital financial services among both consumers and businesses, and increasing efforts from governments to improve financial inclusion. Between 2020 and 2021, the number of
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Crypto Platform Yellow Card Secures US$40M Series B Led By Polychain Capital
African cryptocurrency platform Yellow Card Financial has raised US$40 million in Series B funding led by Polychain Capital. Other investors in the round included Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The
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McKinsey Fintech Africa Report: Ghana, Francophone West Africa Among Fastest Growing Markets
African fintech companies have made significant inroads into the market over these past couple of years, with revenues reaching US$4 billion to US$6 billion in 2020 and average penetration levels of between 3 and 5% (excluding South Africa), an McKinsey
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Ecobank Group Launches 2022 Edition of Its Africa Fintech Challenge
Fintech Challenge offers early stage and mature start-ups the potential to partner with Ecobank across 33 African countries; Applications open until 16 September. Pan-African banking group, Ecobank Group, has launched the fifth edition of the Ecobank Fintech Challenge and encourages African
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Blockchain Venture Funding, Crypto Adoption Skyrocket in Africa
Africa is emerging into one of the world’s fastest-growing cryptocurrency markets, driven by strong funding activity, favorable market conditions, and booming trading volumes, according to a new report by Swiss blockchain-focused investment firm CV VC. Released earlier this month, the
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6 Fintech Soonicorns with African Origins
2021 was a blockbuster year for investment in African fintech startups, with a whopping US$1.6 billion invested across 153 deals. The figures represent two times the value of 2020 (US$800 million), and a 50% increase in transaction numbers, data from
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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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