Africa Money and DeFi Stay up to date with our latest blogs.

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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Deimos: Rising Cybercrime in Africa

Original article was published here. The Africa Money and Defi Summit West Africa, held in Accra, Ghana, was fundamental for us to attend. Andrew Mori, CEO, Deimos shared a presentation on “Rising Cybercrime in Africa: What is happening and what to do about it.” Andrew started his presentation by quoting a hack at one of the biggest software…

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Cellulant joins forces with Lusaka Chamber of Commerce to digitize payments

Press Release by Cellulant. Cellulant Zambia has signed a Memorandum of Understanding (MoU) with the Lusaka Chamber of Commerce and Industry (LCCI) to offer digital payments to its member businesses. Lusaka Chamber of Commerce members can now readily access payment solutions that will enable them to accept payments from their customers’ preferred mobile money wallet….

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Seclore and TFG partner to grow Africa’s cybersecurity market

Seclore, a platform in data-centric security, announced that it has signed a strategic partnership with Tech First Gulf (TFG), an IT infrastructure and Cybersecurity Value Add Distributor, to deliver digital asset protection for Africa’s businesses. The move comes against a backdrop of steadily rising cases of cyber threats and attacks that, according to a report…

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Nigerian BaaS Fintech Maplerad, Raises $6 Million Seed Funding

Nigerian Banking as a Service (BaaS) startup, Maplerad announced that it has raised $6 million in a seed funding round led by Peter Thiel’s Valar Ventures. Other participants in the round include Golden Palm Investments Corporation, Michael Vaughn (ex-COO, Venmo), Fintech Fund, Babs Ogundeyi (CEO, Kuda) Armyn Capital, Dunbar Capital, Strawhat Investment, Polymath Capital, Unpopular Ventures, Sean…

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One Finance launches integrated consumer financing services in Egypt

One Finance – the Integrated Consumer Financing Platform  – announced the launch of its services in the Egyptian market with an issued and paid capital worth EGP 100 million. For the first time in Egypt, the company introduces an innovative buy now pay later business model by creating an integrated consumer financing platform that fulfills…

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NALA enables Apple Pay payments from the UK and US into Africa

Original article by TechCabal. Last week, TechCabal reported that NALA, a Tanzanian-born fintech startup with a growing dominance in East Africa, made a pioneering move in Africa’s fintech space by enabling its African diaspora users to make local payments directly. Now, the fintech has announced another breakthrough for its customers: They can now make payments from the…

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Bitpowr at the Africa Money and DeFi Summit

Click here to read the original Article by Bitpowr. The Bitpowr team was at the Africa Money and DeFi Summit in Ghana last week, from the 27th-28th of September, 2022. About the Summit The aim of the summit was to connect Africa fintech leaders, global venture  platforms and thought leaders across Africa and beyond to…

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FlapKap Closes $3.6M Seed Round

FlapKap, a tech-enabled revenue-based financing platform in the MENA region, revolutionising e-commerce growth, announced the close of its $3.6M seed round. The round included participation from Bolt by QED,  Nclude, Outliers, and A15. This latest capital injection comes six months after the company’s pre-seed raise and coincides with the company recording significant milestones of an MoM…

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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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