Quona Capital announces $332M fintech venture fund
Emerging markets venture capital firm Quona Capital today announced the final close of its Fund III at $332 million, significantly exceeding its $250 million target. This is the third fund from Quona Capital since its inception, bringing the firm’s aggregate committed capital to over $745 million. Quona focuses its investments on innovative technology companies that are expanding…
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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Peach Payments & Stitch partner to launch Instant EFT across South Africa
Original article, by Thea Sokolowski, Head of Marketing & Communications South Africa-based digital payments gateway Peach Payments and API fintech Stitch have partnered to enable online merchants across South Africa to accept secure, low-cost instant EFT payments. The payment method is available to all Peach Payments merchants, on any integration platform, as ‘Instant EFT by Peach Payments’ and is…
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EMURGO Invests in Momint to Expand Adoption of NFTs in Africa
Adaverse, an EMURGO-backed Web3 accelerator focused on Cardano ecosystem adoption in Africa, recently announced its investment in Momint, a Web3 marketplace that makes investing in crypto and NFTs easy for users of all skill levels. Adaverse joined Momint’s highly competitive seed round alongside Outlier Ventures, Mountain Partners, Rob Hersov, and simple.Capital. Adaverse was launched in September…
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Yellow Card Receives First-Ever African Crypto Licence
Yellow Card has made another significant stride in the industry, becoming the first cryptocurrency company on the continent to be granted a Virtual Asset Service Provider licence to operate in Botswana. The licence, in accordance with Section 11 of the Virtual Asset Act, 2022, was issued by the Non-Bank Financial Institutions Regulatory Authority [NBFIRA] on the 29th…
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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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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….
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…
