News

Dashen Bank Joins Hands With Thunes to Enhance Cross-Border Payments to Ethiopia

Ethiopia-based Dashen Bank has partnered with Singapore-headquartered cross-border payments platform Thunes to increase the ease of sending international payments to Ethiopia. Dashen Bank will leverage Thunes’ network of payment partners, which operates across more than 100 countries, to offer instant

Read More

Payments Firm Cellulant Secures License to Operate From the Bank of Tanzania

Tanzania-based Cellulant Corporation has received approval to operate as a Payment Solution Service Provider (PSSP) from the Bank of Tanzania. This would place Cellulant amongst the top five PSSP players offering digital payments solutions to be endorsed by the Bank

Read More

Nigeria’s FairMoney Raises US$42 Million for Its Digital Banking Ambition

FairMoney, a Nigerian neobank with a credit-led model, announced that it had raised US$42 million in a Series B funding round. The round was led by Tiger Global Management and other existing investors in previous rounds such as Newfund, Speedinvest,

Read More

UK’s Ghana International Bank Taps Backbase to Spur its Digital Strategy

Ghana International Bank (GHIB), a UK-headquartered pan-African bank, announced that it has partnered with engagement banking technology provider Backbase. The partnership will underpin the bank’s digital transformation, accelerate innovation and, by allowing GHIB to create tailor-made solutions, provide an enhanced,

Read More

Ghanaian E-Wallet Zeepay Secures US$ 7.9 Million in Series A Funding

Ghanaian digital wallet Zeepay announced completion of a US$ 7.9 million Series A funding that is a hybrid of both equity and balance sheet funds to support its operations. The fundraise was led by I&P, an impact investing group with

Read More

Interest in Fintech Picks up in Cameroon

Cameroon’s nascent fintech industry is gaining traction this year, a trend reflected by rising digital financial services adoption, considerable funding going towards paytech startups, and several product announcements. Maviance, the owner of digital payment platform for merchants Smobilpay, raised a

Read More

AAR Insurance Partners With Safaricom to Migrate to AWS Cloud

AAR Insurance has inked a deal with telecommunications provider Safaricom to roll out new technology infrastructure based on the Amazon Web Services (AWS) as part of its goal to be a full digital insurance company. The medical underwriter has begun

Read More

Standard Bank Partners Microsoft to Accelerate Digital Transformation in Africa

Standard Bank and Microsoft announced a strategic partnership to accelerate its digital transformation. The bank’s growing investment in the Microsoft Cloud will enable the innovation, efficiencies, and resilience required to respond to market dynamics and customer needs. This partnership builds

Read More

United Bank for Africa Taps Irish Digital Banking Provider Layer for Digital Drive

Ireland’s digital banking platform provider, Layer has announced that it is partnering with United Bank for Africa (UBA) to fuel its digital transformation aimed at providing greater access to a wider range of financial services for its African customers. Layer

Read More

IFC Launches DigiLab Finance to Boost Tech Adoption Among African Banks

The International Finance Corporation (IFC) launched its DigiLab Finance training and support programme to increase financial inclusion as well as support the digital transformation of financial institutions across Africa and the Middle East. DigiLab Finance is a capacity building programme

Read More