News
10X Banking Expands to Africa
10x Banking, the transformational cloud-native SaaS core bank operating system founded by former Barclays CEO Antony Jenkins, has announced a partnership with Old Mutual as it expands into Africa and scales its evolving core banking system into new markets in
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10 African Startups Dominate 75% of Fintech Equity Africa Funding in 2023
In 2023, 75% of all equity funding secured by African fintech startups went to ten companies. These firms, which span categories including digital banking and payments, raised a cumulated US$673 million in the top ten fintech equity rounds of 2023,
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The E-Invoicing Exchange Summit: Harnessing Global E-Invoicing Best Practices for the Middle East
Governments and tax authorities are driving the need for businesses to adopt E-Invoicing across the globe. As more countries across the Middle East mandate E-Invoicing, tax becomes an integral part of day-to-day finance and commercial operations. In the United Arab
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The Top Nigerian Fintech Products According to The Nigerian Tech Ecosystem Movie
On December 20, 2023, Peace Itimi, the host of Founders Connect, a YouTube show that interviews up-and-coming entrepreneurs in the African startup landscape, premiered a new documentary spotlighting the Nigerian tech ecosystem. The documentary, titled “Innovating Africa: The Rise of
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Middle Eastern and African Region Sees Neobanking Sector Picking up Steam
Though still in their early stages of development compared to Europe and the US, neobanks are playing a growing role in the Middle East and Africa (MEA) region by addressing challenges in accessing traditional financial services. The Fintech Times identified
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Fxview Spearheads Innovation in South Africa
Fxview, a leading Forex and CFD industry player operating under the Finvasia Group financial conglomerate, shakes up the financial scene in South Africa with its innovative product suite. In a strategic initiative to expand its outreach in the African region,
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IFC Invests in New Private Equity Fund Targeting Financial Inclusion Startups in Africa and Asia
IFC announced an investment in a new fund by Apis Partners LLP, a private equity firm, to help innovative mid-cap financial service providers expand and boost financial inclusion among individuals and micro, small, and medium-sized enterprises across Africa, South Asia,
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Yellow Card Is the First Fintech in Africa to Launch PayPal USD (PYUSD)
Yellow Card becomes the first fintech on the continent to launch PayPal USD (PYUSD). This new stablecoin from PayPal, issued by Paxos, will open new horizons for digital financial transactions between Africa and the United States. Crypto adoption in Africa
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Africa’s SuperApp Gozem Goes Fintech With Acquisition of Benin
Gozem, Africa’s Super App, announced its acquisition of Moneex, an innovative Fintech app from Benin dedicated to provide global banking to African businesses and consumers. This transaction combines the strength of Gozem’s Super App network with the breadth of Moneex’s
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Unlocking the Future of Consumer Lending with AI and Automation
With the ever-evolving landscape of financial technology, consumer lending has never been more accessible and efficient – in large part, due to fintech innovation. With a global consumer credit market size of US$11 billion, rapidly growing middle classes in emerging
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