Equity Bank has been feted as the Best Bank in Kenya in the 2022 Think Business Banking Awards for the 11th consecutive year, reinforcing the Bank’s position as a market leader in the financial sector. Besides [c]
Luno, a wholly-owned subsidiary of Digital Currency Group (DCG), has announced the launch of Luno Expeditions, a global, early-stage investment arm to support the best fintech and crypto/web3 founders on their journeys to build the [c]
M-KOPA, the fintech platform that provides connected financing and digital financial services to underbanked consumers across four markets in Africa, has announced its $75 million Growth Equity round. The round was led by Generation Investment [c]
Pan-African fintech enablement partner, Ukheshe Technologies, has appointed Darryn Botha as its Chief Information Officer (CIO). Botha’s role will include overseeing data security, maintaining a stable IT infrastructure, while enabling Ukheshe’s business strategy and improving [c]
Earnipay, a financial technology solution that provides flexible and on-demand salary access to income-earners, has closed a Seed round of $4 million led by Canaan and with participation from XYZ Ventures, Village Global, Musha Ventures, [c]
Stitch, the API fintech company, has announced a $21 million Series A funding round, led by The Spruce House Partnership. Stitch will use the funding to continue building the future of money movement by linking bank [c]
The Visa Everywhere Initiative (VEI), a globally open innovation program is inviting fintech and payment startups to showcase their innovative products and solutions, with finalists set to gain firsthand exposure to key fintech stakeholders from [c]
In a move that will see enhanced financial services for people in Egypt, Mastercard and Egyptian fintech Kashat have signed a five-year agreement that will digitize the onboarding, disbursement, and collection processes for MENA’s first [c]
NBK Capital Partners Mezzanine Fund II has announced that it closed a $10 million financing facility with Uber’s exclusive vehicle supply partner in Africa, the mobility fintech Moove. The asset-backed venture debt marks the sixth [c]
The availability of domestic credit is a key requirement for consistent economic growth in developing countries. The vitality of financial services such as banking, savings, debt and equity financing, investment management, and point-of-sale lending is [c]
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has announced a £3 million investment into IMFact, an expanding fintech company that uses supply chain financing to provide working capital to micro, small and [c]
Kenya’s Tanda, a fintech company that is building an ecosystem to enable people to access essential financial services anywhere, has partnered with Twiga to enable access for all their vendors and customers. Through the deal, [c]
Digital banking fintech startup Kwara has partnered with Workpay to offer Savings and Credit Co-operative Societies (SACCOs) in Kenya with human resource management (HRM) and payroll processing solutions. The partnership will enable SACCOs to automate [c]
There are several trends that have dominated the African cybersecurity landscape in 2021. The continent remains a point of investment interest as connectivity and mobility continue to grow – with only 38% of the population [c]
Asilimia, a startup that is building the digital infrastructure to connect African MSMEs to the formal financial economy, has secured $2 million to grow its team, deliver new services and expand into new markets in [c]
Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), has today secured $1.7 million in funding to address the heavily underserved banking needs of local [c]
C-level executives, industry experts, policymakers and government officials at Huawei’s 2021 East Africa BFSI Summit to discuss the current challenges, business opportunities and identify solutions aimed at shaping the future of fintech. In attendance were [c]
The Afrifursa Fintech Summit will launch its inaugural event virtually later this month, presenting a unique opportunity to connect the African and Canadian fintech ecosystems. Participants at this highly-anticipated Summit will engage in social impact [c]
Fintech company pawaPay, has secured a $9 million in new funding round. The round was co-led by MSA and UK-based investment fund 88mph, with participation from Vunani Capital, Kepple Ventures and Zagadat Capital. The capital [c]
Tracy Molete (top), the MD at Apprentice Valley, a digital consulting firm that offers end-to-end digital solutions to enterprises and telcos, says that while male dominance in senior positions within the SA tech sector persists, [c]
Even with a high banked population and a multitude of electronic payment options available, the average South African still use cash for daily purchases and payments with an estimated 78-80% of transactions being in cash. [c]
Wapi Pay, a fintech based in Singapore and headquartered in Kenya, has raised $2.2 million (about Kshs 220 million) in pre-seed funding to expand its global payments and remittances services between Africa and Asia. Wapi [c]
Britam Asset Managers and Kenya-based fintech startup KOA have announced a partnership to offer customers access to low risk investment opportunities. This partnership is the first of its kind in the market of a Digital [c]
AppsFlyer, the global marketing measurement leader, today released its 2021 edition of The State of Finance App Marketing report. The COVID-19 pandemic directly impacted how consumers interact with financial institutions and how the institutions themselves [c]
Kenyan fintech startup Kwara has been selected for the Norrsken Impact Accelerator in Europe’s unicorn capital, Stockholm, Sweden. Norssken announced that Kwara is one of the twenty startups selected to join the prestigious Norrsken Impact Accelerator. This follows applications [c]
Nairobi-based boutique corporate law firm, Kieti Advocates LLP, recently established a partnership with Cliffe Dekker Hofmeyr (CDH), leading to the creation of the new firm known as Kieti Law LLP with effect from 1 April [c]
Digital banking platform and fintech company Kwara has been selected for the first cohort of the Ninja Accelerator programme in Kenya. Growth Africa announced that out of 178 applicants, Kwara was one of the five startups selected to [c]
E-commerce sales globally amounted to $4.28 trillion in 2020. This was mainly attributed to lockdowns, social distancing, and the push to work from home, which meant no in-store purchases. Locally, e-commerce has proliferated over the [c]
Nigerian fintech platform and Open Finance (API Economy) pioneers, Okra, has secured a $3.5 milion Seed raise. The round was led by US-based Susa Ventures, with participation from existing investors TLcom Capital, and newly joined [c]
Appzone, the pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, has today announced the close of its $10 million Series A round. Led by CardinalStone Capital Advisers with participation [c]
By Oluwasanmi Akinmusire Informal employment represents 80-90% of the total workforce in most African countries, forming the bulk of the workforce. Gig workers are a growing segment of the informal economy, driven by an increase [c]
Copyright 2022 | aptantech