News
Flutterwave Closes USD $250M in Series D Funding
Flutterwave announced that it has raised USD $250 million in Series D funding, valuing the company at over $3 billion as the brand continues to transform the way Africans transact on the continent and worldwide. Flutterwave has become the highest
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Egyptian Digital Investment Platform Raises $20 Million
Thndr, the Egyptian digital investment platform, announced a new $20 million series A investment. The round was co-led by Tiger Global, BECO Capital and Prosus Ventures, in addition to participation from Base Capital, first-minute and existing investors Endure Capital, 4DX
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Tanzanian Fintech Nala Raises $10M from Monzo and Robinhood Founders
NALA, Founded by Tanzanian, Benjamin Fernandes (Founder & CEO). Led alongside, Nicolas Esteves (CTO), and Nicolas Eddy (COO), raised $10m round backed by Amplo, Accel, and Bessemer Partners with participation from Angels such as Jonas the co-founder & CTO of
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Momentum Continues in Nigeria’s Fintech Ecosystem
In 2021, the momentum in Nigeria’s fintech ecosystem continued, driven by a blooming local startup scene, significant growth amongst large, established players, and a dynamic funding landscape. Fintech was investors’ favored tech sector last year. They injected a whopping US$800
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4 Emerging African Fintech Hubs to Watch Out For in 2022
Africa is home to a number of widely differentiated fintech centres. Some of these African fintech hubs, such as Nigeria or South Africa, have emerged as dominant destinations for fintech in the continent. Many others, however, remain small but interesting
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Top Payment and Ecommerce Trends in Africa 2022
Although there is vast potential for ecommerce in Africa just by sheer market size, the ecommerce sector is currently concentrated in a handful of markets. According to an ITC report, a total of 78% of all online business in Africa
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Pipit Global Expands to 12 African Markets With Cellulant
UK-headquartered global cash payments platform Pipit Global and pan-African payments company Cellulant have extended their partnership agreement to include eighteen new countries in Sub-Saharan Africa. Through the partnership, the two companies will provide both B2B and B2C payments services to
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The 5 Most Popular Fintech Startups in South Africa 2021
South Africa is one of the top hubs for fintech, with several fintech startups in South Africa dominating headlines in 2021. The country, known for its “clearly defined startup ecosystem with multiple players across capabilities,” sees a relatively high fintech
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Fintech Digest: Mubadala Remains Optimistic About Crypto Investments
Abu Dhabi’s sovereign wealth fund Mubadala has made investments in the crypto ecosystem amidst its growing value, Reuters reported. “This is a business that had, what $200 billion worth of crypto value two years ago, and it’s two and a
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Google’s US$50m Africa Investment Fund Invests in Superapp SafeBoda
Uganda-headquartered superapp SafeBoda has become the first company to receive funding from Google’s US$50 million Africa Investment Fund. The undisclosed round also saw participation from GoJek’s GoVentures, Allianz X, Unbound, Beenext, and Justin Kan, TechCrunch reported. SafeBoda has reportedly raised
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