Search Results for "fintech" Query

Ugandan Fintech startup, Emata has raises $2.4M

Emata – the agricultural finance solution for East African farmers – announces on their LinkedIn page its successful completion of a $2.4 million seed fund raise, comprising $800,000 in equity and $1.6 million in on-lending capital. The fundraise was backed by African Renaissance Partners – the VC firm investing in entrepreneurs in East Africa and…

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New report tracks growth of African fintech ecosystem, and explosion in funding, since 2021
New report tracks growth of African fintech ecosystem, and explosion in funding, since 2021

Africa’s fintech startup ecosystem grew in size by almost 20 per cent, and saw US$2.7 billion in investment flood in, over the last 24 months, according to a new report released today by Disrupt Africa. Every two years since June 2017, Disrupt Africa has released the Finnovating for Africa publication, which tracks the extraordinary development…

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Mastercard to Buy Stake in MTN’s $5.2 Billion Fintech Unit
Mastercard to Buy Stake in MTN’s $5.2 Billion Fintech Unit

By Bloomberg Mastercard Inc. agreed to take a minority stake in the financial-technology business of MTN Group Ltd., Africa’s biggest wireless carrier, sending the telecom company’s stock up the most in three months. The size of Mastercard’s stake won’t be disclosed until the transaction closes, but MTN said Monday that the deal values the entire…

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African Fintech and Web3 Leaders to Convene at the Africa Money and DeFi Summit in Ghana
African Fintech and Web3 Leaders to Convene at the Africa Money and DeFi Summit in Ghana

The Africa Money and DeFi Summit, supported by Amazon Web Services, Pivo and Fonbnk, aims to connect African fintech and Web3 industries with international players and will take place in Accra, Ghana on October 3rd and 4th, 2023. With a focus on driving tech investments and fostering collaborations, industry experts, investors, regulators including Bank of Ghana,…

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Bridging Africa and Caribbean with FinTech
Keynote on Bridging Africa and Caribbean with FinTech delivered by Aldwyn Wayne, Founder & CEO at WiPay. On September 27th & 28th 2022 Africa Money & DeFi Summit hosted 400+ attendees from 23 countries who listened and learned from 100 speakers across a jam packed two days of keynotes, masterclass sessions, fireside chats, panels, pitches... Read Article →
Exness expands its Fintech Scholarships program to Kenya
Exness expands its Fintech Scholarships program to Kenya

Multi-asset broker Exness is extending its popular Fintech Scholarships program to Kenya in partnership with the United States International University (USIU). The program aims to support outstanding university students in the STEM field in Kenya. It is open to third and fourth-year USIU undergraduates in Data Science, Analytics, and Software Engineering or students who have…

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Egyptian fintech Flash raises $6 million seed round
Egyptian fintech Flash raises $6 million seed round

Flash, Egypt’s new cashless payments app, has raised $6 million seed round to accelerate its product development and customer and business acquisition in the country. The round was led by Addition with participation from fintech venture capital firm Flourish Ventures and other strategic angel investors. Flash has also obtained approval from the Central Bank of Egypt in…

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M-KOPA raises $250m to scale high-impact consumer fintech across Africa
M-KOPA raises $250m to scale high-impact consumer fintech across Africa

M-KOPA, a leading fintech platform, today announced it successfully closed over $250m in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa. This marks one of the largest combined debt and equity raises in the African tech sector, enabling M-KOPA to continue its rapid growth. Over $200m…

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Nigerian FinTech Touch And Pay Launches New Booking Solution
Nigerian FinTech Touch And Pay Launches New Booking Solution

Touch and Pay Technologies [TAP], a Nigerian fintech company and leading processor of micro-transactions in Africa, has announced the democratization of interstate travel from Nigeria’s largest city, Lagos, to other parts of the country. It is now possible for passengers to pay for their trips using the Cowry app, even if they are travelling through…

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Apis Partners leads €29M (US$31M) Series A funding for African fintech Peach Payments
Apis Partners leads €29M (US$31M) Series A funding for African fintech Peach Payments

Apis Growth Fund II, a private equity fund managed by Apis Partners LLP (“Apis Partners”), a UK-based asset manager, today announces its proposed investment of €29M (US$31M) in Baobab Payments GmbH (trading as Peach Payments), a rapidly growing digital payment service provider that enables online payments in Africa. Completion of the investment is subject to…

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