Raxio Group, a data centre platform in Sub-Saharan Africa, has secured US$100 million in financing from the International Finance Corporation…
Kenyan-based digital bank Umba has secured a US$5 million debt facility from Star Strong Capital to support its expansion efforts…
A report commissioned by Mastercard and conducted by Genesis Analytics highlights that Africa’s digital payments economy is set to grow…
Djamo, a financial services app based in Ivory Coast, has raised US$17 million in an equity funding round to expand…
North Africa, comprising Algeria, Egypt, Libya, Morocco, Tunisia, and Western Sahara, is emerging as a hotspot for fintech innovation, with…
Equinix, a US-based digital infrastructure company, has opened its latest data centre expansion in Lagos. The new facility, LG2.3, aims…
Flutterwave has launched the Send App in Ghana. The platform allows users to receive money from abroad directly into their…
enza, a provider of African payment solutions based in Cairo, has secured US$6.75 million in seed funding from Algebra Ventures…
Tunisia is moving to suspend Bolt, a European ride-hailing app, over allegations of tax evasion, money laundering, and operating without…
Ethio Telecom, Ethiopia’s state-owned telecommunications provider, and Mastercard have announced a partnership to expand digital financial services in the country.…
The Somalia Payment Switch (SPS1) has successfully launched the country’s first Instant Payment System with QR payment support, powered by…
In a new episode of the Future of Money Podcast, hosted by Henri Arslanian, Tigran Gambaryan, a former Internal Revenue…
Flutterwave, a Nigeria-based payments technology company, has expanded its presence in Ghana by integrating the Pay With Bank Transfer option…
African Development Bank Group President, Dr Akinwumi Adesina, has announced plans to launch a US$500 million facility aimed at unlocking…
Mastercard is expanding its collaboration with Paymentology, a London-based global issuer processor, to support card issuance for fintech companies in…
ORA Technologies, a Morocco-based technology startup, has announced a US$1.9 million Pre-Series A funding round led by Witamax and Azur…
Despite a challenging year 2024 marked by slowing funding, tightening regulations, and a difficult macroeconomic landscape, Nigeria’s fintech industry continued…
ICM.com, a London-based financial technology and online trading firm, has announced service enhancements for the Ghanaian and South African markets.…
Flutterwave, a Nigeria-based payments technology company, has received approval from the Bank of Ghana to offer inward remittance services in…
Kaspersky’s security researchers have uncovered a sophisticated cybercriminal campaign that exploited the growing interest in DeepSeek AI, a popular generative…