Standard Bank Group, the largest African bank by assets, has partnered with Hedera Hashgraph, to address issues regarding the development of cross-border trade. Standard Bank will establish the continent’s first Hedera network node, according to a release. Hedera is an enterprise-ready blockchain that is designed… Read More
Twitter (NYSE:TWTR) CEO Jack Dorsey confirmed on Friday (February 12, 2021) that he has teamed up with legendary billionaire hip-hop artist and businessman Jay-Z to finance and support projects in Africa and India with Bitcoin (BTC). Money lessons from one of the greatest rappers of… Read More
A Nigerian crypto trader is claiming that they sold off all their coins (crypto-assets) following the government’s directives regarding cryptocurrencies. The trader also noted that they’ve now withdrawn all their proceeds, but they haven’t “seen a dime” in their bank account and it’s been more… Read More
A recent study carried out by the Mastercard Economics Institute revealed that the Coronavirus crisis has presented Africa with significant growth opportunities for Fintech firms. The study has noted that the industry should, this year, play a key role in promoting greater financial inclusion in… Read More
Xoom, PayPal’s international money transfer service, announced on Tuesday it may now send secure and convenient money transfers directly to mobile wallets in markets across Africa with a focus on the underbanked segment. Xoom reported that the new service expands the company’s offering to… Read More
Chipper Cash, an Africa-based cross-border fintech startup, has reportedly secured $30 million through its Series B investment round, which was led by Ribbit Capital with participation from Jeff Bezos’ personal VC fund, Bezos Expeditions. This investment round comes less than six months after Chipper… Read More
Nium, a global financial technology infrastructure platform, announced on Tuesday it is expanding its services into Africa. According to Nium, the expansion will be led by newly appointed executive Dana Nino (Senior Vice President for Global Growth, Customer Success, and Partnerships) and will be supported… Read More
Payments platform Stripe has acquired Nigeria-based Paystack, which is a startup that aims to make it easier to integrate various payment services. The acquisition may be valued at over $200 million, according to TechCrunch which cited sources familiar with the matter. Patrick Collison, CEO at… Read More
Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Monday it has formed four mobile wallet and fintech partnerships that will give MoneyGram access to mobile wallets in nearly 30 markets in Africa. The partnerships are with the following: Airtel, A provider of telecommunication and… Read More
Eversend, a Neobank for Africans, is set to close its equity crowdfunding campaign on Seedrs with more than €850,000 secured from nearly 950 Seedrs investors. The funding round was launched in May, originally seeking €550,000. The banking group is offering 7.67% in equity at a… Read More
Eversend, a Neobank for African, has successfully raised nearly €750,000 through its equity crowdfunding campaign on Seedrs. The funding round was launched last month, originally seeking €550,000. The campaign has attracted more than 750 Seedrs investors. As previously reported, Eversend describes itself as a digital-only… Read More
Chipper Cash, an African fintech, has reportedly secured $13.8 million through its Series A funding round, which was led by Deciens Capital. Founded in 2017, Chipper Cash describes itself as a venture-capital-backed Financial technology company that builds software to enable free and instant Peer-to-peer Cross-border… Read More
Planet42, a company based in Estonia but operating in Africa, has reported raising $2.4 million in a seed round led by Change Ventures with support from private investors including Martin Villig (Bolt), Ragnar Sass (Pipedrive), Marko Virkebau (MeetFrank), Kristjan Vilosius (Katana MRP), and others. Planet42… Read More
Eversend, a Neobank for African, has successfully secured its initial €550,000 equity crowdfunding target through its Seedrs campaign. The company is now offering 7.67% in equity with a €6,616,739 pre-money valuation. Founded in 2017, Eversend describes itself as a digital-only finance platform providing cross-border money transfers,… Read More
FNZ, a global platform-as-a-service provider, recently announced it has signed a deal with FinSwitch to provide a new blockchain-enabled administration utility for the South African fund management industry. According to FNZ, the partnership will enable trading, pricing, reconciliations, account opening, transfers, sharing of instrument data,… Read More
Flutterwave, an African fintech firm, announced this week the launch of its new e-commerce platform “Flutterwave Store.” The platform was created for African merchants to create digital shops to sell their products online. According to Flutterwave, the Flutterwave Store allows merchants to upload products, set… Read More
Nigerian fintech platform Okra announced on Monday it has secured a $1 million pre-seed fundraise from Sub Saharan Africa focused tech venture capital firm, TLcom Capital. The funding will go toward Okra’s efforts to build the infrastructure for Africa’s next wave of fintech innovation. Launched… Read More
Cryptocurrency exchange Binance announced on Thursday the launch of the Africa-focused social payments app for cash and crypto, Bundle. Binance reported that Bundle, which was founded by Yele Bademosi, formerly a director at Binance Labs, Bundle allows users to request, send, and receive cash or… Read More
PalmPay, an Africa-based payment startup, announced this week it is waiving fees on all money transfers and has launched a new ₦100 million COVID-19 support fund. According to PalmPay, the waiving of fees offer is now available for any amount to any Nigerian bank until… Read More
HUMBL, a U.S. fintech that delivers mobile payments and financial services, announced on Monday it has teamed up with One Kiosk, a Nigeria fintech specializing in local merchant ordering and deliveries, to pilot the HUMBL Mobile Pay, HUMBL Point-of-Sale (POS) and HUMBL Hubs delivery network,… Read More
Crowdfund Insider is the leading news and information web site covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain peer-to-peer / marketplace lending and other forms of Fintech.
