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…
Read Article →Founded in Nairobi, Kenya, in 2013, AZA Finance has grown from a currency exchange platform to a global financial services firm expert in frontier markets and currencies. They make international Payments, FX and Treasury through their web and API platforms easier and better for enterprises doing business in Africa. All directed by their expert team,…
Read Article →Founded in 2013, Affinity was established as an owner and operator of financial services companies in sub-Saharan Africa. Affinity prides itself on establishing digital-forward and branch-light financial institutions, leveraging fintech and innovative design to improve financial access and affordability. Affinity made its first investment in 2015, acquiring PayFlex in Ghana. Affinity is a full-fledged digitally-driven financial institution…
Read Article →Leading identity verification and e-KYC technology company, VerifyMe Nigeria, has unveiled QoreID, a dedicated digital identity, and analytics solution for B2B. QoreID will provide API infrastructure and data services that connect businesses to people and their information across Africa and remain a VerifyMe Nigeria company. Targeted at the medium and enterprise business segment, QoreID provides…
Read Article →Zapper, a South African mobile payments company has partnered with payments and data API fintech Stitch (via LinkPay—a one-click payments product) to enable Zapper users to make instant electronic funds transfer (ETF) payments with a click. Zapper was one of the first players in South Africa’s mobile payments market and today enables merchants of all…
Read Article →The Central Bank of Nigeria has granted Flutterwave, an African payments technology company a Switching and Processing License (CBN)—widely regarded as CBN’s most valuable payments processing license. This license allows Flutterwave to offer customers transaction switching and card processing services. Others include non-bank acquiring, agency banking, and payment gateway services. The Switching and Processing license allows…
Read Article →Pan-African embedded finance Fintech, Pezesha, has raised a pre-series A investment of $11 Million. The round was a mix of $6 million equity and $5 million debt. The funding round, which was led by Women’s World Banking Capital Partners II (WWBCP II), will see the company significantly scale operations in its core markets and grow…