In 2022, fintech remained the most funded startup sector in Africa, accounting for 39% of all equity funding (US$1.9 billion)…
Africa’s fintech industry experienced growth in 2022, witnessing large financing rounds being closed, startups reaching unicorn status and innovative solutions…
Buy Now, Pay Later (BNPL) is booming – some experts predict it could grow by up to 400% in the…
Egyptian fintech MNT-Halan announced that it has raised up to US$400 million in equity and debt financing, pushing its valuation…
In Nigeria, agricultural technology (agritech) entrepreneurs are leveraging technology and digital platforms to help tackle the massive funding gap faced…
In Kenya, fintech has emerged as the country’s most prevalent tech startup sub-sector, accounting for 30.2% of all young tech…
The Central Bank of Egypt (CBE) has launched its Financial Inclusion Strategy 2022-2025, a national development plan focusing on expanding…
During the U.S-Africa Business Forum, Visa announced a pledge to invest $1 billion in Africa over the next five years…
The International Finance Corporation (IFC) has launched a new US$225 million venture capital platform to invest in early stage companies…
The African fintech sector is gaining interest from global investors. Recently, Algerian super app Yassir announced that it had raised…
Ethiopia’s Hibret Bank has partnered with Mastercard to launch Hibir e-commerce, a digital payments platform for Ethiopian businesses to accept…
South Africa’s Vodacom Group is planning to launch its Alipay-enabled financial services app VodaPay in Egypt, according to a Bloomberg…
Mobile money company MFS Africa has partnered with crypto solutions provider Ripple to streamline real-time mobile payments for its customers…
Egyptian consumer credit platform Blnk has raised US$23.7 million in equity and debt funding, and US$8.3 million in securitised bond…
Yassir, a multi-sided marketplace offering on-demand services such as ride hailing, food and grocery delivery and banking, announced that it…
Nigerian fintech Touch and Pay has won the 2022 edition of the Ecobank Fintech Challenge and with it a US$50,000…
The Central Bank of Eswatini has partnered with German payments company Giesecke+Devrient (G+D) to research and explore the development of…
B2B marketplace Solv has launched in Kenya to enable micro, small and medium enterprises (MSMEs) to access credit, e-commerce and…
African banking group Ecobank Group has announced the six finalists for the fifth edition of the Ecobank Fintech Challenge, chosen…
Nigeria is home to the largest number of startups and startup funding rounds in the last decade in Africa with…