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MEA Fintech Weekly News: Are Neobanks the Next Big Thing for Nigeria?
This week marked a new win for digital banks in Nigeria. Neobank Sparkle raised US$3.1 million in a seed round for expansion efforts (TechCrunch). Founded by former CEO of Diamond Bank Uzoma Dozie, Sparkle provides both individual and business banking
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MEA Fintech Weekly News: Nigeria to Closely Scrutinise Fintech Startups
In last week’s MEA fintech news, the Central Bank of Nigeria (CBN) has once again hinted that it will be keeping a close watch on fintech startups in the country. At a recent seminar, Director of the Banking Supervision Department
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MEA Fintech Weekly News: The Case for Mobile Money in Sub-Saharan Africa
In last week’s MEA fintech news, mobile money took centre stage once again in the African continent. Meanwhile, UAE sees some funding and M&A activity, Egyptian banks launch a fintech fund, and a Nigerian startup raises US$10 million. Mobile money
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Report: Africa’s Top Fintech Hubs Are Also Its Most Regulated
The development of Africa’s top fintech hubs is closely connected with how robust its regulatory landscape is, a new report by Afriwise points out. The report, titled “Catch me if you can: How regulators will impact Africa’s Fintech sector,” notes
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African Crypto Exchange Raises US$15M From Square, Coinbase and More
Cryptocurrency exchange Yellow Card, which has a pan-African presence, has secured US$15 million in a Series A round. This is the largest ever funding round to have been raised by an African crypto exchange, a statement from the company said.
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MEA Fintech Weekly News: Dubai Gets Regulatory Nod for Crypto Trading
In last week’s MEA fintech news, it’s all eyes on crypto trading in the UAE – approvals for crypto trading at a Dubai-based free zone make their way through, while BitOasis registers on an anti-money laundering system in the country.
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MEA Fintech Weekly News: Melio’s Valuation Soars After US$250M Funding
In last week’s MEA fintech news, we saw US-Israeli fintech startup Melio raise a quarter billion dollars at a hefty valuation, while another US-Israeli fintech company Pagaya announced its SPAC listing. Elsewhere, Nigeria emerged the top funded fintech hub in
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Africa Fintech Weekly News Digest: Funding Receives US$1B Boost, While Flutterwave Dominates Headlines
Funding rounds made a splash in Africa fintech news last week. African fintech startups Wave, Pezesha and Prospa all raised funding, along with a mega round by Egyptian startup MNT-Halan. The funding news came amidst a new report highlighting that
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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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