Tagged: africa

WorldRemit Collaborates With Nigeria’s First Bank For Digital Money Transfers

International money transfer service WorldRemit announced on Tuesday it has formed a new partnership with First Bank of Nigeria Limited (First Bank) for instant money transfers to all First Bank accounts in Nigeria. According to WorldRemit, the collaboration considerably expands WorldRemit’s footprint in the country and allows… Read More

African Ecobank Mobile App Has Been Downloaded More than 5 Million Times

Ecobank, out of Lomé, Togo, recently received an award as being recognized as the best retail bank in Africa due to its advances in providing a digital platform for its users. The Ecobank Mobil App has now been downloaded by more than 5 million people, according… Read More

African Digital Payments Platform Cellulant Raises $47.5 Million Through Series C Funding Round Led By TPG Growth’s The Rise Fund

Cellulant, an Africa-based digital payments platform, announced on Tuesday it raised $47.5 million through its Series C funding round, which was led by TPG Growth’s The Rise Fund. Other investors included in the round are Endeavor Catalyst, Satya Capital, Velocity Capital & Progression Africa.  Founded… Read More

Swarm Fund Lists FarmCoin Venture: Providing Investment Opportunity to Support Africa’s Unbanked

Swarm, a blockchain for private equity, has opened an investment opportunity in the FarmCoin pan-African financial and commodities ecosystem via its marketplace. This will give investors not only a unique investment opportunity in one of the prime “unbanked” global markets, but also the chance to… Read More

Mastercard Teams Up With Unilever to Launch Digital Lending Platform For Kenyan Entrepreneurs

On Tuesday, Mastercard announced it was extended its strategic partnership with Unilever to launch a new digital lending platform specifically for Kenyan entrepreneurs. While sharing details about the platform, Ajay Banga, President and CEO of Mastercard, stated: “Micro and small businesses are the economic backbone of… Read More

Pan African Bank Ecobank Opens Applications for Second Annual Ecobank Fintech Challenge

Pan African bank Ecobank announced earlier this week it is seeking fintech solution startups to apply for its second annual Ecobank Fintech Challenge. According to the bank, more than 850 applied for the competition during its first challenge last year. Entrepreneurs, startups, and developers who are… Read More

DFS Lab Accelerator Announces New Investments in African & Asian Fintech Startups

Digital Financial Services Lab (DFS Lab), a fintech accelerator funded by the Bill and Melinda Gates Foundation,  announced on Thursday it will invest $200,000 in four separate startups that are building financial service products for low-income and unbanked consumers in developing markets. Cherehani Africa (Kenya), NALA (US), Nobuntu (South… Read More

Visa Launches $50,000 Fintech Innovative Contest For Sub-Sahara Africa Startups

Credit card giant Visa is set to launch a new $50,000 innovation contest in the fintech industry of Sub-Sahara Africa. This news comes just a few months after Visa announced the launch of its fintech bootcamps for African startups. The contest will run under the company’s… Read More

Bahrain FinTech Bay Opens: Announces Startups & Founding Partners

Last week, the Middle East and African fintech hub, Bahrain FinTech Bay, announced it is now officially open for business. Along with its opening, it also announced startups and founding partners. Bahrain FinTech Bay claims it is the region’s largest fintech and is aiming to… Read More

PayJoy Teams Up With Allied Mobile to Bring More Smartphones to Africans

PayJoy, a San Francisco fintech startup, announced on Friday it has teamed up with mobile distributor Allied Mobile to bring affordable smartphone payment plans to markets across the continent of Africa. According to the duo, Allied Mobile will use PayJoy Checkout, an instant paperless finance… Read More

Ecobank: African Fintech Predicted to Grow Exponentially by 2020

Millions of Africans now have access to financial systems thanks to cashless systems using digital technology; consequently, more and more people are seeing the benefits of mobile banking, according to Ecobank, a leading independent pan-African banking group. Ecobank, the main sponsor at the Africa Tech summit… Read More

African Blockchain Platform BitPesa Acquires European Money Transfer Service TransferZero

BitPesa, a blockchain payments platform for Africa, announced on Wednesday it has acquired European money transfer service, TransferZero. Founded in May 2016, TransferZero claims to be the first fintech company licensed by the Bank of Spain as an authorized payment institution and is a partner of Bankia,… Read More

Systems Integrator Convergencium Announces Partnership With Global Insurtech Agile Financial Technologies

Convergencium, a Rwanda-based systems integrator and consulting organization, announced on Monday it has formed a strategic partnership with insurtech and investment technology company Agile Financial Technologies in order to sell, implement and support Agile Financial’s products and services in Rwanda and other countries in Sub-Saharan… Read More

Dash Forms Partnership With KuvaCash to Fight Inflation in Zimbabwe with Cryptocurrency

Digital currency for payments Dash announced on Tuesday it has formed a partnership with KuvaCash to launch a program that is designed to solve Zimbabwe’s ballooning inflation, collapsing currency, and declining national economy. According to Dash, KuvaCash is a Dash-record $550K USD undertaking, funded directly by… Read More

First Ever Nigerian Bobsled Team Raises $75,000 Through GoFundMe to go to the 2018 Winter Olympics

Nigeria officially has its first bobsled team, all thanks to the team’s crowdfunding campaign on GoFundMe. The team, which consists of female athletes Seun Adigun, Ngozi Onwumere, and Akuoma Omeoga, launched the initiative in January, seeking $75,000 so that they could get the 2018 Winter Olympic… Read More

Village Capital Teams Up With PayPal For New Fintech Africa Program

Village Capital, in partnership with PayPal, recently announced it is accepting applications for its Fintech Africa 2018 program. Founded in 2009, Village Capital is a global venture firm that discovers, developed, and invests in entrepreneurs. Since its launch, the company has been working with early-stage investors,… Read More

Update: Fintech Startup Zazu Secures £150,000 on Seedrs

UK-based fintech startup Zazu has successfully secured its initial £150,000 funding target during its crowdfunding campaign on Seedrs. The initiative was launched earlier this month, seeking the funds for the company’s new digital-only bank in Africa. As previously reported, Zazu, which was founded in 2015, was launched through… Read More

Fintech Startup Zazu Launches Seedrs Initiative to Build Digital-Only Bank in Africa

UK-based fintech startup Zazu has launched an equity crowdfunding campaign on Seedrs to raise £150,000 as it prepares to launch its new digital-only bank in Africa. Founded in 2015, Zazu states it was born from Ignite Accelerator as an e-commerce platform for farmers and is now… Read More

WorldRemit Expands Partnership With Wafacash to Offer Instant Money Transfer Across West & Central Africa

Digital money transfer company WorldRemit announced on Friday it has expanded its partnership with Wafacash, a subsidiary of Attijariwafa Bank, to offer instant money transfer services across west and central Africa. According to WorldRemit, the companies already work together in Morocco and Senegal but will expand into… Read More

Blockchain Platform Humaniq Launches Financial Inclusion Use Case in Ghana

Blockchain platform Humaniq announced earlier this week the next phase in its expansion as it launches the Ghana Use Case. The company’s key goal is to bring onboard two thousand users. According to Humaniq, the Ghana launch news comes as phase 1 of a pilot… Read More