News
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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Naspers Invests South African Insurtech Startup Naked
South African AI-based insurtech company Naked has clinched an investment of US$11 million, the company announced today. The investment was led by Naspers’ early stage investment fund Naspers Foundry, which committed US$8.3 million to the round. The round also saw
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Meet The Winners Of The Search – Africa Stop By ADGM
The African fintech space is undergoing a phase of radical growth, as speakers at The Search – Africa Stop 1 highlighted. Africa is at the epicenter of a fintech evolution. What started as a burst of growth in payments tech,
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Cairo Credit Management Platform CreditFins Raises Pre-Seed Funding
Cairo-based CreditFins, a credit card management fintech, has raised an undisclosed amount in pre-seed funding, the company announced. The round was led by Flat6Labs, AUC Angels, TA Telecom Holding, and other strategic tech angel investors, the company said. Meanwhile, CreditFins
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South Africa’s Yoco Secures US$83 Million To Scale Its Financial Ecosystem
Yoco, a payments and software company from South Africa, has raised US$83 million in a Series C funding round, the company announced in a statement. With the funding, Yoco’s total capital pool now stands at US$107 million. The company noted
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6 Fintech Startups In Egypt To Watch In 2021
Key developments in the Egyptian startup ecosystem have led to a renewed appetite for growth in the space, and for its fintech startups in Egypt as well. Much of this activity is attributed to a slew of policy level shifts.
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Dashen Bank Joins Hands With Thunes to Enhance Cross-Border Payments to Ethiopia
Ethiopia-based Dashen Bank has partnered with Singapore-headquartered cross-border payments platform Thunes to increase the ease of sending international payments to Ethiopia. Dashen Bank will leverage Thunes’ network of payment partners, which operates across more than 100 countries, to offer instant
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