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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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Moove raises £15 million financing to scale UK operations

Moove, a mobility fintech startup providing auto financing for gig economy drivers has raised £15 million in financing to scale up its UK operations. Moove launched in London in August with a 100% EV rent-to-buy model that provides mobility entrepreneurs access to brand-new, zero-emissions vehicles for a flat weekly fee. The new financing facility from…

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Tugende closes pre-Series B funding raising a total USD 10 million

Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women’s World Banking. The new investors add to the diversity of Tugende’s shareholding and complement the experience and skills that each contribute to Tugende’s growth….

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NowNow Digital Systems, has closed a $13 million seed round

NowNow, a Nigerian digital system startup, has closed a $13 million seed round to scale and expand its service offerings across Africa. The funding round was led by NeoVision Ventures Ltd., DLF Family Office, and Shadi Abdulhadi. With the new funding, the startup said it will improve financial inclusivity across Africa and drive empowerment, as well…

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Liquid Intelligent Technologies expands operations to Mkushi

Liquid Intelligent Technologies, a business of Cassava Technologies in Zambia, is expanding its operations to Central Province by launching its first office in Mkushi. This launch will bring high-speed connectivity and a suite of intelligent technologies to the district for the first time. With the opening of this new branch in the country, the pan-African…

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Zazuu raises $2M to scale its cross-border payment marketplace

Zazuu, an Africa-focused fintech startup creating a payment platform for cross-border payment solutions for Africans in the diaspora, has raised USD2 million, which will be critical in the company’s mission to minimise the inconsistency associated with remittance transactions for Africans. The funding round had the participation of Launch Africa, Founders Factory Africa, Hoaq Club, Tinie…

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MTN teams up with ETAP to reward Nigerians for good driving

MTN Nigeria, Africa’s leading technology company, has teamed up with ETAP, a mobility technology company that creates solutions and incentives to improve the automotive experience across Africa, to reward Nigerian drivers for maintaining good driving behaviour. Leveraging ETAP’s game-changing app which uses advanced telematics to monitor driving behaviour such as speed, acceleration, braking, cornering, and focus, MTN customers…

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Nigerian Fintech, Moove, secures $20 million credit from British International Investment

British International Investment (BII), the UK government’s Development Finance Institution (DFI), formerly known as CDC Group, has announced a $20 million, 4-year structured credit investment in the Nigerian mobility fintech firm democratising access to vehicle ownership in Africa, Moove. The investment is said to reflect BII’s focus on mobilising capital to build self-sufficiency and market resilience in Nigeria…

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