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Infinite Partners Leads Consortium in the Acquisition of Acquired Fintech Specialist e4 (2)
South Africa

Acquisitions of South African Fintech Specialist E4

Fintechnews Africa22 May 2023

A consortium led by independent private equity fund manager, Infinite Partners, has announced its acquisition of South African fintech specialist,…

Robust Results from Lesaka as it Champions Financial Inclusion
South AfricaSponsored

Robust Results from Lesaka as it Champions Financial Inclusion

Company Announcements18 May 2023

South Africa’s informal market is a space that is well understood by South African fintech, Lesaka Technologies, a champion of…

SC Ventures Launches Tawi to Improve Price Transparency and Financial Access for Smallholder Farmers in Kenya
Kenya

SC Ventures Launches B2B Agritech Marketplace for Farmers in Kenya

Fintechnews Africa10 May 2023

SC Ventures, the fintech, investment and ventures arm of Standard Chartered, has launched Kenya-based Tawi, a B2B agritech marketplace for…

Kenya

Kenya’s Ecobank and Fingo Plan to Roll Out a Neobank for the Youth

Fintechnews Africa10 May 2023

Ecobank Kenya announced the launch of the Fingo Africa app, which is set to revolutionize financial inclusion for young people…

Proparco Supports Egypt’s Startups With Investment in Disruptech Ventures
Egypt

Egyptian VC Firm DisrupTech Ventures Bags US$5 Million Investment From Proparco

Fintechnews Africa9 May 2023

DisrupTech Ventures, an Egypt-based venture capital firm focused on fintech, has received a US$5 million investment from Proparco, a subsidiary…

Launch of the Kenya Quick Response Code Standard to Increase Usage of Digital Payments
Kenya

Central Bank of Kenya Launches QR Code Mobile Payment Standard

Fintechnews Africa9 May 2023

The Central Bank of Kenya (CBK) announced the issuance and implementation of the Kenya Quick Response Code Standard 2023 .…

Nigeria: African Development Bank and Africa Fintech Network Sign $525,000 Grant to Strengthen Development of Fintech in Africa
Nigeria

Fintech Hub: African Development Bank and Africa Fintech Network Sign $525,000 Grant

Fintechnews Africa2 May 2023

The African Development Bank has signed a $525,000 grant agreement with Africa Fintech Network AFN (not associated to Fintechnews.africa) for…

African Blockchain Venture Funding is Booming
Various

African Blockchain Venture Funding is Booming

Fintechnews Africa19 April 2023

CV VC’s second African Blockchain Report 2022 affirms the transformational impact of blockchain in Africa, on the welfare of nations…

Apis Partners Leads €29M (US$31M) Series a Funding for Peach Payments
South Africa

South African Peach Payments Collects US$31M Series A Funding

Fintechnews Africa6 April 2023

Apis Growth Fund II, a private equity fund managed by Apis Partners, a UK-based asset manager, announces its proposed investment…

PayDay Secures $3M in Funding
Rwanda

African Neobank PayDay Secures $3M in Funding

Fintechnews Africa3 April 2023

PayDay just raised a $3M seed round, led by Moniepoint Inc, with participation from HoaQ, DFS Lab’s Stellar Africa Fund,…

Amazon Web Services (AWS) Opens Applications for Its Inaugural Fintech Africa Accelerator
Various

AWS Calls for Applications for Its Inaugural Fintech Africa Accelerator

Fintechnews Africa23 March 2023

Amazon Web Services (AWS) is calling for applications from early-stage startups to join its inaugural edition of the AWS Fintech…

Money Q Fintech Solutions Launches Digital Wallet and Remittance Services in Africa
SponsoredVarious

Money Q Fintech Solutions Launches Digital Wallet and Remittance Services in Africa

Fintechnews Africa20 March 2023

Money Q Fintech Solutions, a Dubai-based fintech startup, announces its plans to expand its services in the African market with…

African Development Bank and Partners Invest $618 Million in Nigeria’s Digital and Creative Industries
Nigeria

African Development Bank Invests US$170 Million to Create 6 Million Jobs in Nigeria

Fintechnews Africa20 March 2023

The African Development Bank has invested US$170 million in the newly-launched Investment in Digital and Creative Enterprises (iDICE) programme which…

Fintech Dominates Africa Startup Funding and Unicorn Club
Various

Fintech Dominates Africa Startup Funding and Unicorn Club

Fintechnews Africa1 March 2023

In Africa, fintech maintains its position as the most dynamic and fastest-growing startup segment, attracting the lion’s share in startup…

Smile Identity Raised $20 Million Funding in Series B - To Making Africans the Most Trusted Users
Various

African ID Verification Platform Smile Raised $20 Million Funding in Series B

Fintechnews Africa17 February 2023

Smile Identity, a provider of digital identity verification solutions for Africa, has secured $20 million in Series B funding. The…

South African Insurtech Naked Raises US$17M in Series B Funding
South Africa

South African Insurtech Naked Raises US$17M in Series B Funding From IFC

Company Announcements15 February 2023

Naked — a South Africa based insurtech company that offers a new, fully digital way for consumers to insure their…

SC Ventures Partners With Yabx to Expand Access to Financial Services in Africa
Various

SC Ventures Partners With Yabx to Expand Access to Financial Services in Africa

Company Announcements14 February 2023

SC Ventures, Standard Chartered’s fintech investment and ventures arm has entered into a Memorandum of Understanding (MOU) with Yabx, a…

Flutterwave Expands into North Africa with New Egypt Payments Licenses
EgyptNigeria

Flutterwave Secures Payments Licenses in Egypt for North Africa Expansion

Fintechnews Africa9 February 2023

Nigerian payments company Flutterwave announced that it has received its Payment Services Provider and Payments Facilitator licenses in Egypt. This…

Doubling Down on Its Successful African Strategy, Partech Africa II Reaches 1st Close at €245M, Above Target Fund Size
Senegal

Partech Closes Tech Africa Fund at USD 260M

Fintechnews Africa8 February 2023

Partech, a global technology investment firm, announces the first closing of Partech Africa II at €245M, already above the target…

Fintech Retains Crown as Investors’ Favorite Startup Sector in Africa
Various

Fintech Retains Crown as Investors’ Favorite Startup Sector in Africa

Fintechnews Africa8 February 2023

In 2022, fintech remained the most funded startup sector in Africa, accounting for 39% of all equity funding (US$1.9 billion)…

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