Tagged: africa

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

January 21, 2020 @ 9:01 pm By Omar Faridi  |  

Although the overall progress on reducing poverty has been steady during the past few decades, about half or 50% of the global population still has to live on less than $6 per day. Catalyst Fund is a newly established VC fund with a goal to… Read More

January 21, 2020 @ 1:25 pm 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, has reportedly secured $35 million through its Series B funding round. Along with the investment announcement, the company revealed it is now teaming up… Read More

December 17, 2019 @ 8:08 am By Samantha Hurst  |  

dLocal, a fintech company specializing in facilitating cross-border payments for global e-commerce merchants in emerging markets, announced on Tuesday it has expanded its payments network to include Nigeria and South Africa. dLocal reported it now supports more than 300 local payment methods in 17 market… Read More

December 11, 2019 @ 8:09 am By Samantha Hurst  |  

Visa announced on Wednesday it is teaming up with pan-African fintech MFS Africa to help bring digital payments to more consumers and businesses throughout Africa. The duo reported that MFS Africa, which connects through one API more than 180 million mobile wallets on the continent,… Read More

December 9, 2019 @ 1:01 pm By Samantha Hurst  |  

Trulioo, an on-demand global identity verification company, announced on Monday it has expanded its identity verification coverage services to Nigeria and Ghana through GlobalGateway, its marketplace of identity data and services.  According to Trulioo, GlobalGateway’s coverage in Nigeria and Ghana will help financial institutions accurately… Read More

July 7, 2019 @ 6:01 pm By Cali Haan  |  

African technology journalist Andile Masuku has written that corruption around remittances in Africa is so bad, “I have become numb to the daylight robbery that ensues whenever I receive money from abroad or send cash to my family back home.” Masuku cites figures from the World… Read More

April 25, 2019 @ 4:40 am By Erin Hobey  |  

Fairafric produces certified organic chocolate, from bean to bar in Ghana. Chocolate, with its reported per capita consumption of approximately 5kg per year in most of Europe, is ready for disruption and more ethical production. Kickstarter alum Fairafric aims to increase income per bar five-fold and create… Read More

April 8, 2019 @ 7:39 am By Samantha Hurst  |  

Standard Chartered Bank announced on Monday it has officially opened its Africa eXellerator Innovation Hub in Kenya. According to the digital bank, the innovation hub will serve asa platform to collaborated with fintechs in Kenya, as well as the broader African region to drive innovation… Read More

January 31, 2019 @ 9:04 pm By Samantha Hurst  |  

Standard Chartered Bank announced on Thursday it has rolled out the second wave of its digital-only retail banks across four African markets. Standard Chartered reported it will launch its digital solution in four key markets during the first quarter of 2019 starting in Uganda in January,… Read More

December 30, 2018 @ 10:51 am By Cali Haan  |  

Owners of a peer-to-peer Bitcoin trading app called Paxful says Africans are conducting 17 000 bitcoin trades per day using the service, and that the majority of the trades involve exchanging bitcoins for gift cards from Amazon and iTunes, according to a recent blog post… Read More

November 30, 2018 @ 9:20 pm By Samantha Hurst  |  

The Mauritius Africa Fintech, an organization based in Port Louis, announced on Friday its new hub is currently set to open this December. According to the not-for-profit, the hub is being supported by the Mauritian government, regulatory authorities and financial service providers, both big and… Read More

November 1, 2018 @ 7:41 am By JD Alois  |  

The Luxembourg House of Fintech (LHoFT) is launching a new initiative which focuses on Fintech companies in Africa seeking to boost financial inclusion. “Catapult – Inclusion Africa” is described as a Fintech tool to provide access to financial services to the under banked or those… Read More

October 30, 2018 @ 4:00 am By JD Alois  |  

GTR Ventures, an investment company that specializes in trade and supply chain, has announced an investment in Orbitt – an African focused Fintech deals platform. This is GTR’s first Africa focused investment. Orbitt is based in London with operations in Mauritius and a user-base across 28… Read More

September 27, 2018 @ 8:05 am By Samantha Hurst  |  

Temenos (SIX: TEMN), a Switzerland-based banking software company,  announced on Thursday Cameroon-based financial services group Afriland First Bank has chosen Temenos T24 Core Banking platform to power its digital transformation journey. According to Temenos, the bank has opted for a complete IT renovation using Temenos… Read More

September 7, 2018 @ 11:38 pm By Samantha Hurst  |  

Pan African banking group Ecobank announced on Friday the winners of the 2018 Ecobank Fintech Challenge. As previously reported, the Challenge’s contestants must be one of the following categories: Remittances Digital Sales/Marketing Offline mobile to mobile payments Digital Onboarding/ Account Opening/ KYC SME Intra-Africa Trade Platform Multi-Channel… Read More

September 4, 2018 @ 11:52 am By Samantha Hurst  |  

International money transfer service WorldRemit announced on Tuesday it is launching a new digital service within Africa. According to WorldRemit, the service will make it easier to send and receive money across the continent and will also reduce the cost of sending money across borders. WorldRemit… Read More

August 28, 2018 @ 3:13 pm By Samantha Hurst  |  

Paystack, an Africa-based payments platform, secured $8 million through its Series A funding round, which was led by Stripe, with participation from Visa, Tencent and Y Combinator. Founded in 2015, Paystack states that it helps Nigerian businesses accept Mastercard, Visa, and Verve cards from anyone, anywhere… Read More

August 27, 2018 @ 6:57 am By JD Alois  |  

Azimo, a digital money transfer service based in London and Krakow, is set to join Theresa May’s official delegation to Africa – her first official visit to the continent. Azimo is one of 29 companies selected, and the only Fintech, for the visit to Nigeria,… Read More

August 23, 2018 @ 7:03 am By Erin Hobey  |  

Kenyan-based Fintech platform Lendable has been extended a convertible grant from Dutch Development Bank FMO to provide a “first loss” backstop.  The $450K convertible grant, provided by the Dutch government’s FMO managed MASSIF fund, aims to reach targeted end-beneficiaries through financing local financial intermediaries and institutions that… Read More