News
Acquisitions of South African Fintech Specialist E4
A consortium led by independent private equity fund manager, Infinite Partners, has announced its acquisition of South African fintech specialist, e4. The transaction will see e4 obtain the necessary capital for advancing to the next stage of its expansion. Infinite
Read More
Robust Results from Lesaka as it Champions Financial Inclusion
South Africa’s informal market is a space that is well understood by South African fintech, Lesaka Technologies, a champion of financial inclusion, steadily building a leading position in these fast growing, previously underserved markets. GG Alcock, who coined the term
Read More
SC Ventures Launches B2B Agritech Marketplace for Farmers in Kenya
SC Ventures, the fintech, investment and ventures arm of Standard Chartered, has launched Kenya-based Tawi, a B2B agritech marketplace for secure e-commerce transactions for smallholder farmers in Kenya. Tawi aims to provide farmers with a viable and consistent market, price
Read More
Kenya’s Ecobank and Fingo Plan to Roll Out a Neobank for the Youth
Ecobank Kenya announced the launch of the Fingo Africa app, which is set to revolutionize financial inclusion for young people in Kenya and across Africa. The app was developed in close collaboration between Fingo Africa, a Kenyan Fintech company and
Read More
Egyptian VC Firm DisrupTech Ventures Bags US$5 Million Investment From Proparco
DisrupTech Ventures, an Egypt-based venture capital firm focused on fintech, has received a US$5 million investment from Proparco, a subsidiary of the Agence Française de Développement (AFD) devoted to private sector funding. The early-stage venture capital fund aims to provide
Read More
Central Bank of Kenya Launches QR Code Mobile Payment Standard
The Central Bank of Kenya (CBK) announced the issuance and implementation of the Kenya Quick Response Code Standard 2023 . The Standard will guide how Payment Service Providers and banks that are regulated by the CBK will issue Quick Response
Read More
Fintech Hub: African Development Bank and Africa Fintech Network Sign $525,000 Grant
The African Development Bank has signed a $525,000 grant agreement with Africa Fintech Network AFN (not associated to Fintechnews.africa) for the setup of the Africa Fintech Hub, an online portal that will serve as a one-stop shop for all fintech
Read More
African Blockchain Venture Funding is Booming
CV VC’s second African Blockchain Report 2022 affirms the transformational impact of blockchain in Africa, on the welfare of nations and the continent’s technology standing. Africa is the only global region to have experienced increased venture funding and an explosion
Read More
South African Peach Payments Collects US$31M Series A Funding
Apis Growth Fund II, a private equity fund managed by Apis Partners, a UK-based asset manager, announces its proposed investment of €29M (US$31M) in Baobab Payments GmbH (trading as Peach Payments), a rapidly growing digital payment service provider that enables
Read More
African Neobank PayDay Secures $3M in Funding
PayDay just raised a $3M seed round, led by Moniepoint Inc, with participation from HoaQ, DFS Lab’s Stellar Africa Fund, Ingressive Capital Fund II, and angel investors – Dare Okoudjou Founder and CEO of MFS Africa & Tola Onayemi, CEO
Read More