News

Ethiopian Challenger Bank Seals Core Islamic Banking Deal With Path Solutions

Ethiopian challenger bank Hijra Bank has has awarded a core banking deal to Islamic banking provider Path Solutions, according to a recent announcement. The announcement comes after a “highly competitive bidding and selection process,” the statement said. The partnership involves the

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Africa’s Newest Unicorn OPay Raises US$400 Million From SoftBank

Nigerian mobile payments platform OPay has raised US$400 million in funding from SoftBank, Bloomberg reported. The investment was made from SoftBank’s US$40 billion investment vehicle Vision Fund 2. Existing backers of the company Sequoia Capital China, Chinese superapp Meituan’s VC

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8 African Startups Accepted Into 2021 GreenHouse Lab Fintech Accelerator

GreenHouse Lab has inducted eight African fintech companies into the 2021 GHL Fintech Accelerator program. GreenHouse Lab (GHL) is the Fintech accelerator by African fintech investment fund and platform GreenHouse Capital’s (GHC) The six-week program is already underway, with corporate

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Frozen Bank Accounts and Leaked Bills: Your Weekly Africa Fintech News Digest

Last week was a big one for Africa fintech news, especially in Nigeria. The country’s fintech sector made it to the headlines, not once but twice. And both times were pretty scandalous. Meanwhile, the wider Africa fintech ecosystem also saw

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Africa-Focused Fintech Pngme Gathers US$15 Million Series A

Africa-focused fintech Pngme has secured US$15 million in Series A round of funding, the San Francisco- and Sub-Saharan Africa-based company has announced. The funding comes within a year of the startup’s US$3 million seed round. London-based VC fund Octopus Ventures

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More Winners Added to The Search Africa by ADGM

After its first stop of The Search – Africa, the global startup roadshow by the Abu Dhabi Global Market (ADGM) moved across the UK and Central Europe, before returning for its second leg in Africa. This second edition featured six

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CapitalSage Technology Picks Up U$4 Million Debt for Expansion

Nigeria-based CapitalSage Technology has raised NGN 2.2 billion, or U$4 million, in debt funding, the company announced. The financing was raised in a Series 1 Private Company issuance with a 365-day tenor, under the company’s NGN 10 billion programme. It

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dopay Acquires Banking Licence Through Bank ABC Egypt

Payments fintech dopay has secured a banking agent licence from Bank ABC Egypt for a virtual banking platform, a statement from the company said. The collaboration will allow dopay to offer its B2B payment and banking platform for SMEs and

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Nigerian Car Financing Fintech Raised US$23 Million Series A

Nigeria-headquartered mobility fintech startup Moove has raised a Series A round of US$23 million, according to a statement. Speedinvest and Left Lane Capital led the round. Meanwhile, a number of participating investors also pitched in, including UAE-based KAAF Investments and

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QIA Infuses US$200 Million Into Airtel Africa’s Mobile Money Business

Airtel Africa’s mobile money business  has amassed US$200 million for its Airtel Mobile Commerce BV (AMC BV) from Qatar Holding, Airtel Africa announced. Qatar Holding is an affiliate business of Qatar Investment Authority (QIA). Of the total investment amount, US$150

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