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Your Weekly Africa Fintech News Digest 30.Aug- 6.Sept
In last week’s Africa fintech news, Australian BNPL firm Zip broadened its global expansion plans with the acquisition of South African BNPL startup Payflex. Zip already owned 25% of Payflex from a deal six months ago (TechCrunch). Zip snapped up
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Mobile Money Fintech pawaPay Hauls US$9 Million Seed Funding
London-based payments company pawaPay, which focuses on the Africa market, has raised US$9 million in a seed round, according to an announcement. China’s MSA Capital and UK-based 88mph led the round. Participating investors included Vunani Capital, Kepple Ventures and Zagadat
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SoftBank’s US$400 Million Africa Bet: Your Weekly Africa Fintech News Digest
In the biggest headline of Africa fintech news last week, Nigerian mobile payments platform OPay raised a staggering US$400 million towards expansion. A number of illustrious global investors were involved in a round that gave Africa its fifth unicorn. The
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8 African Startups Accepted Into 2021 GreenHouse Lab Fintech Accelerator
GreenHouse Lab has inducted eight African fintech companies into the 2021 GHL Fintech Accelerator program. GreenHouse Lab (GHL) is the Fintech accelerator by African fintech investment fund and platform GreenHouse Capital’s (GHC) The six-week program is already underway, with corporate
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Frozen Bank Accounts and Leaked Bills: Your Weekly Africa Fintech News Digest
Last week was a big one for Africa fintech news, especially in Nigeria. The country’s fintech sector made it to the headlines, not once but twice. And both times were pretty scandalous. Meanwhile, the wider Africa fintech ecosystem also saw
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Africa-Focused Fintech Pngme Gathers US$15 Million Series A
Africa-focused fintech Pngme has secured US$15 million in Series A round of funding, the San Francisco- and Sub-Saharan Africa-based company has announced. The funding comes within a year of the startup’s US$3 million seed round. London-based VC fund Octopus Ventures
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More Winners Added to The Search Africa by ADGM
After its first stop of The Search – Africa, the global startup roadshow by the Abu Dhabi Global Market (ADGM) moved across the UK and Central Europe, before returning for its second leg in Africa. This second edition featured six
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QIA Infuses US$200 Million Into Airtel Africa’s Mobile Money Business
Airtel Africa’s mobile money business has amassed US$200 million for its Airtel Mobile Commerce BV (AMC BV) from Qatar Holding, Airtel Africa announced. Qatar Holding is an affiliate business of Qatar Investment Authority (QIA). Of the total investment amount, US$150
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Fintech in Africa will Boom in 2022: Fintech News Network Launches Its 8th Publication
The Fintech News Network is pleased to announce the launch of our eighth publication; Fintech News Africa. The Fintech News Network is an industry publication covering fintech and digital news across the globe. Our readers are from established financial institutions
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3 Swiss Fintech Startups Targeting South Africa
3 Swiss fintech startups namely 4bridges, AgFlow and e-traid (e-commerce) were among the startups chosen to be a part of the Swiss Venture Leaders South Africa team. The selection process for this year was so competitive that the programme included
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