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blockchain technology has multiple use cases that could bring positive changes to various sectors on the African continent
Top Use Cases of Blockchain Technology in Africa 

Beyond all the hype, blockchain technology has multiple use cases that could bring positive changes to various sectors on the African continent. Some critics dismiss blockchain technology or reduce its application to only cryptocurrencies. However, the application of blockchain tech has evolved over the years with more attempts to create real-world impacts. In this article,…

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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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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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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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MyCover.ai Secures $1.25M Pre-Seed Funding
MyCover.ai Secures $1.25M Pre-Seed Funding

 MyCover.ai, the insurtech startup building Africa’s digital insurance infrastructure, has announced the close of a $1.25 million pre-seed funding round, today, led by Ventures Platform. The round included participation from Founders Factory Africa and TechStars, who are making a follow-on investment after the startup’s participation in its 2022 Toronto Accelerator program. MyCover.ai will use this capital injection to bolster its…

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Figorr raises $1.5 million seed funding to support data-driven insurance for perishable goods in Africa
Figorr raises $1.5 million seed funding to support data-driven insurance for perishable goods in Africa

Gricd, a technology company that develops Internet of Things-powered solutions to support the last-mile delivery of perishable goods, has secured $1.5 million in a seed funding round led by Atlantica Ventures, with participation from Vested World, Jaza Rift and Katapult, to expand across Africa and deliver new solutions that will make it easier to insure…

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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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Payhippo acquires Nigeria’s Maritime Microfinance Bank

Payhippo, Nigeria’s credit-led SME fintech, has acquired Maritime Microfinance Bank (MFB), a financial institution specializing in saving products, demand deposits, and investments as well as micro and SME loans. The acquisition is pending approval from the Central Bank of Nigeria and both parties are working together to obtain the regulator’s approval.  This will also enable…

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MoneyFellows Raises $31 Million in Series B first closing

MoneyFellows, an Egyptian fintech platform has announced the first close of its Series B round with a $31 million investment led by CommerzVentures, Middle East Venture Partners (“MEVP”), and Arzan Venture Capital. Invenfin, National Investment Company (“NIC”) as well as existing investors such as Partech, Sawari Ventures, 4DX and P1Ventures also participated in the round….

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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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