Tagged: africa

June 2, 2025 @ 6:19 am By Tony Zerucha  |  

The Hashgraph Association and Exponential Science Foundation have launched the Hedera Africa Hackathon 2025. Its goal is to enable the next generation of Web3 developers and empower economic inclusion in Africa. The Hashgraph Association is a Swiss non-profit organization driving global adoption of Hedera-powered solutions… Read More

May 23, 2025 @ 9:17 pm By Tony Zerucha  |  

Carrot, a digital lending startup expanding access to credit for African businesses and individuals backed by their digital financial assets, announced its $4.2 million seed funding round, led by MaC Venture Capital, with participation from Partech Africa and Authentic Ventures. The funds will be used… Read More

April 28, 2025 @ 6:01 am By Michael Wong  |  

Visa and Maroc Telecom Group have entered into a strategic partnership to enhance mobile payment services in Morocco and explore wider digital financial inclusion efforts across Africa, the companies announced. The collaboration will initially focus on integrating Visa’s payment solutions into MT Cash, Maroc Telecom’s… Read More

April 20, 2025 @ 12:16 pm By Michael Wong  |  

Zain Fintech, the financial services arm of Zain Group, launched its “Bede” Digital Wallet in Sudan, enabling customers to carry out financial transactions via mobile phones without a traditional bank account or card. The platform, designed for both basic feature and smart phones, offers services… Read More

March 14, 2025 @ 7:16 am By Tony Zerucha  |  

Flutterwave, an African payments technology company, has announced a strategic partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to provide micro, small, and medium enterprises (MSMEs) across the nation with digital payment solutions, e-commerce tools, financial access, and capacity-building programs. The… Read More

January 26, 2025 @ 8:45 pm By Michael Wong  |  

Furaha, a purpose-driven lending platform aimed at boosting financial access across sub-Saharan Africa, has raised $10 million through a joint investment by SC Ventures, Standard Chartered’s innovation and fintech investment arm, and Yabx Technologies (Netherlands) B.V. SC Ventures contributed $7 million, while Yabx, part of… Read More

November 16, 2024 @ 4:13 pm By Michael Wong  |  

Global card payment processor Visa (NYSE:V)has made strategic investments in four African startups—Ghana’s Oze, Nigeria’s Orda, and Kenya’s WorkPay and OkHi—following their participation in the company’s Africa Fintech Accelerator program. The initiative, launched in 2023, is part of Visa’s broader commitment to invest $1 billion… Read More

November 9, 2024 @ 1:44 pm By Tony Zerucha  |  

This week, Nium, a global infrastructure for real-time cross-border payments, announced a partnership with Ecobank Transnational Incorporated, an independent pan-African financial services group, to enable cross-border payments across 35 African markets for more than 32 million customers. Nium’s real-time payments infrastructure will be integrated into… Read More

September 28, 2024 @ 1:49 pm By Tony Zerucha  |  

This week, African payment technology provider Flutterwave announced the expansion of its Send App service across 49 U.S. states through a partnership with MainStreet Bank, a subsidiary of MainStreet Bancshares Inc. (Nasdaq: MNSB and MNSBP). Texas isn’t included. Flutterwave said Send App facilitates faster, easier, and more… Read More

August 10, 2024 @ 2:34 pm By Michael Wong  |  

Sendsprint, a rapidly growing remittance startup founded in 2022 by former Flutterwave executive Damisi Busari, has completed the acquisition of Nobel Financial Inc. for an undisclosed sum. The acquisition marks a significant milestone in Sendsprint’s expansion, enabling the company to extend its services to users… Read More

July 14, 2024 @ 3:29 pm By Michael Wong  |  

The United Nations Development Programme (UNDP) together with the timbuktoo Africa Innovation Foundation inaugurated the Fintech timbuktoo Hub in Lagos early this week. This pioneering facility, the first of its kind on the continent, aims to stimulate innovation, encourage collaboration, and expedite growth within the… Read More

June 24, 2024 @ 9:02 am By JD Alois  |  

Euronet (NASDAQ: EEFT) and Fintech Galaxy have announced a partnership to offer Open Banking services in the MENA region and the African continent. The service includes digital banking or Banking as a Service, as well as offerings for Fintechs, merchants, and more. Services include payments,… Read More

June 14, 2024 @ 11:23 am By JD Alois  |  

The Hashgraph Association has announced a partnership with Adanian Labs and The Africa Blockchain Centre. In a statement distributed by Hashgraph, the aim is to support blockchain development in Africa. The partnership expects to “empower over 3000 Web3 developers “across Africa through the DLT Africa… Read More

June 12, 2024 @ 3:57 am By Tony Zerucha  |  

Investment bank DAI Magister said Africa’s remittance market, which is poised to reach $500 billion by 2035, makes it a prime investment opportunity. Remittances comprise a significant portion of African GDP, with the total value of remittances across the continent reaching nearly $100 billion in… Read More

April 5, 2024 @ 12:11 pm By Michael Wong  |  

Zeepay, a finteh startup based in Accra, Ghana, has announced raising an undisclosed amount in its latest round of equity funding. The funding round was spearheaded by prominent investors including Africa50, Oikocredit, Injaro Ghana Venture Capital Fund (IGVCF), and Verdant Capital Hybrid Fund, with additional… Read More

January 25, 2024 @ 12:40 pm By JD Alois  |  

Payments platform Ebanx has distributed a report covering some developing markets, predicting that the digital economy – including payments – will top $1 trillion in Latin America and Africa by 2026. As we all know, global consumption is on the rise, and Ebanx says Latin… Read More

September 20, 2023 @ 11:51 am By JD Alois  |  

International payments Fintech EBANX has expanded its operations into Africa and two additional Caribbean countries. According to a statement by the company, EBNAX now offers services in Ivory Coast, Egypt, Ghana, Morocco, Senegal, Tanzania, Uganda, and Zambia.  At the same time, EBANX is now available… Read More

November 10, 2022 @ 4:06 pm By Omar Faridi  |  

The all-new Kuda app has arrived on the Play Store and the App Store with features including investments and UK-to-Nigeria transfers. Financial inclusion is in “our soul,” the company claims, while noting that since 2019, they have worked “with almost five million users to build… Read More

October 30, 2022 @ 8:21 pm By JD Alois  |  

While Africa is frequently overlooked in regard to tech development, Fintech is one sector that has boomed in the continent. A recent report distributed by Mastercard highlights the growth of innovation in financial services in the region, calling it a “funding powerhouse.” The report notes… Read More

August 2, 2022 @ 1:45 pm By Omar Faridi  |  

Nairobi-based Insurtech firm Lami Technologies has finalized a $3.7 million seed extension in order to expand business operations across Africa. The firm’s management noted that the investment round was led by early-stage VC company Harlem Capital along with contributions from Newtown Partners; Peter Bruce-Clark, a… Read More