News
African Blockchain Venture Funding is Booming
CV VC’s second African Blockchain Report 2022 affirms the transformational impact of blockchain in Africa, on the welfare of nations and the continent’s technology standing. Africa is the only global region to have experienced increased venture funding and an explosion
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South African Peach Payments Collects US$31M Series A Funding
Apis Growth Fund II, a private equity fund managed by Apis Partners, a UK-based asset manager, announces its proposed investment of €29M (US$31M) in Baobab Payments GmbH (trading as Peach Payments), a rapidly growing digital payment service provider that enables
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African Neobank PayDay Secures $3M in Funding
PayDay just raised a $3M seed round, led by Moniepoint Inc, with participation from HoaQ, DFS Lab’s Stellar Africa Fund, Ingressive Capital Fund II, and angel investors – Dare Okoudjou Founder and CEO of MFS Africa & Tola Onayemi, CEO
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AWS Calls for Applications for Its Inaugural Fintech Africa Accelerator
Amazon Web Services (AWS) is calling for applications from early-stage startups to join its inaugural edition of the AWS Fintech Africa Accelerator. Applications open from now until 27 April 2023. Hosted by AWS’ Startup Loft Accelerator, this is an equity-free
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Money Q Fintech Solutions Launches Digital Wallet and Remittance Services in Africa
Money Q Fintech Solutions, a Dubai-based fintech startup, announces its plans to expand its services in the African market with its in-house customisable semi-closed loop digital wallet, KrosPayz, and international money remittance system, KrosRemit. Founded in 2020 and registered at
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African Development Bank Invests US$170 Million to Create 6 Million Jobs in Nigeria
The African Development Bank has invested US$170 million in the newly-launched Investment in Digital and Creative Enterprises (iDICE) programme which aims to create 6 million new jobs for young Nigerians. Other partners in the programme include the French government which will
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Fintech Dominates Africa Startup Funding and Unicorn Club
In Africa, fintech maintains its position as the most dynamic and fastest-growing startup segment, attracting the lion’s share in startup funding and dominating other categories in terms of unicorn count, new reports by local media and information services platforms show.
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African ID Verification Platform Smile Raised $20 Million Funding in Series B
Smile Identity, a provider of digital identity verification solutions for Africa, has secured $20 million in Series B funding. The round was co-led by Costanoa and Norrsken22. Additional new investments came from Commerce Ventures, Courtside Ventures, Two Culture Capital, and
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South African Insurtech Naked Raises US$17M in Series B Funding From IFC
Naked — a South Africa based insurtech company that offers a new, fully digital way for consumers to insure their cars, homes, and valuables — has announced that it has raised US$17 million (about R290 million) in Series B Funding.
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SC Ventures Partners With Yabx to Expand Access to Financial Services in Africa
SC Ventures, Standard Chartered’s fintech investment and ventures arm has entered into a Memorandum of Understanding (MOU) with Yabx, a company incubated by Comviva and part of the Mahindra Group, to address a deep-rooted need for responsible consumer finance in
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