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…
Read Article →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…
Read Article →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…
Read Article →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,…
Read Article →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…
Read Article →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…
Read Article →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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