FSCA Awards Licence to Luno, SA’s Largest Crypto Asset Service Provider
South Africa’s largest and oldest crypto asset service provider, Luno, has secured a licence from the Financial Services Conduct Authority (FSCA) to operate as a financial services provider. Luno is the first dedicated crypto asset service provider in South Africa to be awarded its financial services provider licence following the FSCA’s declaration of crypto assets…
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Tappi’s Collaboration with MTN Spurs Expansion in Cote d’Ivoire
Tappi, the end-to-end digital commerce SaaS solution tailored for Africa’s micro, small and medium-sized businesses (MSMEs), has today announced its expansion into Côte d’Ivoire. Building on its rapidly growing operations in Kenya and Nigeria, tappi’s latest country launch will feature an extension of its existing partnership with telecom giant, MTN, marking a significant step forward…
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Africa Money and DeFi Summit and Amazon Web Services Partner to Drive Digital Transformation in Africa
Africa Money and DeFi Summit, creators of Africa Tech Summit are delighted to announce its partnership with Amazon Web Services (AWS) a subsidiary of Amazon.com, to drive digital transformation in Africa. With an unmatched legacy of 12 consecutive years as a Gartner Cloud Infrastructure and Platform Services (CIPS) Magic Quadrant leader, AWS brings its unrivaled…
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Turaco acquires MicroEnsure Ghana to deepen affordable insurance coverage across Africa
Turaco, Africa’s leading tech-enabled affordable insurance company, today announced the acquisition of MicroEnsure Ghana, a pioneering microinsurance company from MIC Global. Under the deal, MicroEnsure will rebrand as Turaco Ghana and retain the expertise of the existing team and leadership. The acquisition is part of Turaco’s long-term vision to provide simple and accessible insurance to…
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9 Ventures Announced for the Africa Money and DeFi Summit Investment Showcase
Africa Money and DeFi Summit has announced nine ventures selected to showcase their cutting-edge Web3, Blockchain, Fintech, and Decentralised Finance (DeFi) businesses to investors and industry leaders, live on stage, in Accra, Ghana on October 3rd and 4th. With a focus on forging connections and bridging the gap between African ventures, corporates and global investors,…
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Opera Launches MiniPay, a New Stablecoin Wallet Built on the Celo Blockchain, to Onboard Millions of Users Across Africa to Web3
Opera, a global web innovator, unveils MiniPay – a blockchain-based wallet built on the Celo blockchain. Directly integrated into the Opera Mini browser, MiniPay makes it easier and more affordable for individuals across Africa to acquire and to send or receive stablecoins – simply by using mobile phone numbers. Leveraging the unique benefits of Celo’s…
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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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Mastercard to Buy Stake in MTN’s $5.2 Billion Fintech Unit
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…
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Vista Group agrees to acquire Oragroup (Orabank) from Emerging Capital Partners, Proparco, DEG, BIO and Envol Afrique
Vista Group has agreed with ECP, BIO, DEG, Proparco and Envol Afrique to acquire, subject to regulatory approvals, 61.4% of Oragroup S.A, the holding company of Orabank based in Lomé and operating in 12 West and Central African countries (Togo, Cote D’Ivoire, Benin, Senegal, Burkina-Faso, Guinea, Guinea-Bissau, Mali, Niger, Tchad, Gabon, Mauritania) with total assets of…
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Moove raises investment from Mubadala and BlackRock and announces $76m in total new funds
Moove, the world’s first mobility fintech, announces today that it has secured $76m in new funding, consisting of $28m in equity from new and existing investors, in a process led by Mubadala Investment Company (Mubadala), $10m venture debt from funds and accounts managed by BlackRock, and $38m in previously undisclosed funds raised during the prior…
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