Tagged: africa

August 11, 2021 @ 7:19 pm By Tony Zerucha  |  

A new Omdia whitepaper commissioned by fintech solutions provider CR2 discusses the rise of digital wallets and their influence on the unbanked and underbanked and offers recommendations on how incumbent banks can embrace digital wallets to engage with new and existing customers. It cites key… Read More

July 20, 2021 @ 11:06 pm By Priyanka Pani  |  

pinBox, a global PensionTech working towards providing digital micro-pension and social security inclusion, has raised $ 1 million in funding from Venture Catalysts (Vcats), an integrated incubator, along with accelerator fund 9unicorns. Founded in 2016 by industry veterans Parul Seth Khanna and Gautam Bhardwaj, pinBox… Read More

July 20, 2021 @ 10:11 pm By Tony Zerucha  |  

Biometric Fintech Zwipe and ICPS, an international card payment processor and card personalization bureau, together are bringing Zwipe Pay ONE-enabled biometric payment cards to African and Asian banks. They will be equipped with fingerprint sensors. Zwipe will contribute its biometric ISO contact plate module, passive… Read More

July 7, 2021 @ 9:42 pm By Tony Zerucha  |  

A new partnership announced this week between Pipit Global and Cellulant promises to provide Africans living abroad with a cheaper option to send money back home. The agreement allows people in Nigeria, Kenya, Uganda, Tanzania, Mali, Senegal, and Ghana to transact on Pipit Global at… Read More

May 24, 2021 @ 2:15 pm By Samantha Hurst  |  

  Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Monday new four mobile wallet and fintech partnerships that give the company access to mobile wallets in 28 markets in Africa. The company reported that the new partnerships are with Airtel, Thunes, InTouch and MFS… Read More

May 24, 2021 @ 8:03 am By Samantha Hurst  |  

  No issues here: Africa-based cryptocurrency platform, Quidax, announced on Monday that despite the crypto market’s first major dip in 2021 on May 19th, it raised more than 7,772 BNB ($3 million) from the public sale of its token, QDX. Quidax reported on the 19th,… Read More

May 23, 2021 @ 11:23 pm By Samantha Hurst  |  

  Polaris Bank, a Nigeria-based retail bank, recently announced it launched its own digital banking platform called VULTe. according to Polaris, VULTe’s products and services are designed to help customers’ lifestyles as individuals and make their business become “bigger and better.” Polaris revealed: “At VULTe,… Read More

May 10, 2021 @ 10:20 am By Samantha Hurst  |  

Quidax, an Africa-based cryptocurrency exchange, announced on Monday it has officially processed more than $3.2 million in transactions. Launched in 2018, Quidax reported that it is seeking to become home of BEP-20 is a token standard on Binance Smart Chain (BSC) that extends ERC-20, as well… Read More

April 12, 2021 @ 10:50 am By Samantha Hurst  |  

    AppZone, a Pan-African fintech software provider, announced on Monday it secured $10 million through its Series A funding round, which was led by CardinalStone Capital Advisers with participation from V8 Capital, Lateral Investment Partners, Constant Capital, and Itanna Capital Ventures. Launched in 2008,… Read More

April 5, 2021 @ 8:24 am By Samantha Hurst  |  

Airtel Africa, an African mobile money business, recently announced it secured a $100 million investment from credit card giant, Mastercard.  Founded in 2010, Airtel Africa claims it is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily… Read More

March 30, 2021 @ 11:29 pm By JD Alois  |  

Crown Agents Bank, a UK regulated provider of wholesale FX and cross-border payment services, has launched EMpower Payments, a payments gateway for cross-border transactions into emerging markets. According to Crown Agents Bank, the API-enabled solution allows its customers, including governments, international development organisations, and financial… Read More

March 30, 2021 @ 8:10 am By Samantha Hurst  |  

  Pan-African fintech MFS Africa announced on Monday it now reaches more than 320 million mobile money wallets and notably enables a range of banks, telcos, money transfer operators, and other financial institutions in Africa through a single integration point.  Founded in 2010, MFS Africa describes itself… Read More

March 24, 2021 @ 3:12 pm By Samantha Hurst  |  

Bankly, a Nigeria-based fintech, has reportedly secured $2 million through its seed funding round, with was led by Vault. Founded in 2018 by Tomilola Adejana and Fredrick Adams, Bankly states it provides a USSD based savings product where users fund their account using Bankly vouchers nationwide. “We… Read More

March 17, 2021 @ 10:05 am By Samantha Hurst  |  

  Flutterwave, a U.S. and Lagos-based fintech that’s on a mission to build payments infrastructures to connect Africa to the global economy, announced on Wednesday it has joined force with global digital payments giant PayPal. Flutterwave reported that through the partnership, PayPal customers will be enabled to… Read More

March 11, 2021 @ 10:22 pm By Omar Faridi  |  

South Africa based Fintech group Adumo has secured R225 million (appr. $14.9 million) in capital from the International Finance Corporation (IFC), which is a member of the World Bank Group. The IFC Financial Institutions Growth Fund also contributed investments in order to expand access to… Read More

March 11, 2021 @ 8:18 am By Samantha Hurst  |  

  UK banking group Standard Chartered Bank announced on Thursday it has teamed up with BlackRock’s Aladdin platform to offer integrated end-to-end office investment management solutions to mutual clients across Asia, Africa, and the Middle East. According to BlackRock, Aladdin technology combines risk analytics and… Read More

March 10, 2021 @ 10:22 am By Samantha Hurst  |  

    Flutterwave, a U.S. and Lagos-based fintech that’s on a mission to build payments infrastructures to connect Africa to the global economy, announced on Wednesday it secured $170 million through its Series C funding round, which was led by growth-equity firms Avenir Growth Capital… Read More

March 9, 2021 @ 3:47 pm By Samantha Hurst  |  

    Global fintech infrastructure platform, Nium, announced on Tuesday its clients are now able to send funds to their business partners located in Ghana, Kenya, South Africa, and Tanzania. Customers of Nium are also able to extend this service to their own consumers.  “Traditionally, businesses, fintechs and even consumers looking… Read More

February 24, 2021 @ 9:22 am By JD Alois  |  

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

February 13, 2021 @ 9:40 am By Omar Faridi  |  

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