Tagged: africa

November 20, 2020 @ 10:24 am By Samantha Hurst  |  

  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

October 27, 2020 @ 2:43 pm By Samantha Hurst  |  

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

October 16, 2020 @ 11:53 am By Omar Faridi  |  

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

August 24, 2020 @ 1:01 pm By Samantha Hurst  |  

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

July 5, 2020 @ 10:11 pm By Samantha Hurst  |  

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

June 19, 2020 @ 9:34 am By Samantha Hurst  |  

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

June 17, 2020 @ 9:31 am By Samantha Hurst  |  

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

June 16, 2020 @ 11:40 am By JD Alois  |  

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

May 27, 2020 @ 9:03 am By Samantha Hurst  |  

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

May 26, 2020 @ 3:36 pm By Samantha Hurst  |  

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

April 30, 2020 @ 11:50 am By Samantha Hurst  |  

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

April 27, 2020 @ 9:56 am By Samantha Hurst  |  

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

April 23, 2020 @ 1:46 pm By Samantha Hurst  |  

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

April 23, 2020 @ 12:17 pm By Samantha Hurst  |  

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

April 6, 2020 @ 2:10 pm By Samantha Hurst  |  

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

March 23, 2020 @ 12:35 pm By Samantha Hurst  |  

Jumia, a Nigeria-based e-commerce platform, announced on Friday it is offering support for marketplaces, logistics, and online payments to governments in Africa as part of the global action against the COVID-19 outbreak. Founded in 2012, Jumia offers e-commerce services through its marketplace, logistics, and JumiaPay…. Read More

February 4, 2020 @ 3:08 pm By Samantha Hurst  |  

UAE Exchange, a global money transfer, foreign exchange and payment solutions brand, announced on Tuesday it has rebranded to Unimoni as it seeks to expand its brand network and introduce more products and services in Tanzania. The company reported that this rebranding in Tanzania, in… Read More

January 29, 2020 @ 5:01 am By Omar Faridi  |  

Belgium-headquartered SettleMint, an enterprise blockchain firm, has reportedly secured €1.9 million (appr. $2.04 million) through a new investment round. KPN Ventures and Medici Ventures took part in the firm’s latest funding, SettleMint’s management confirmed on January 28. Following the capital injection, the company is planning… Read More

January 25, 2020 @ 11:02 am By Omar Faridi  |  

Dubai International Financial Centre (DIFC) Fintech Hive has announced the introduction of their investment-focused accelerator program for startups and other small companies in the Middle East, Africa and South Asia (MEASA) regions. The Fintech Hive Scale Up program will provide partnership and investment opportunities for… Read More

January 24, 2020 @ 9:51 am By Samantha Hurst  |  

FIS (NYSE: FIS), a financial services technology firm, announced on Friday it has expanded its payment processing in Africa. Through the expansion efforts, FIS will integrate technology from Flutterwave, a U.S.-based payments technology company with operations in Africa, into its Worldpay payment processing platform for… Read More