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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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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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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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Lipa Later Announces Partnership with Lami Technologies

Lipa Later Group, a buy now, pay later (BNPL) company today announced a partnership with Lami Technologies, an insurance technology company, that will offer its consumers access to reliable and affordable insurance against all products purchased using the Lipa Later platform. Founded in 2017, Lipa Later is a trusted BNPL company operating in Kenya, Rwanda,…

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HammerPay Announces New Digital Fintech Platform coming to Africa

Hammer Technology Holdings, HMMR, recently announced that its flagship Fintech subsidiary, HammerPay, set to debut in Q4 2022, will launch a new mobile phone and web portal private digital e-wallet platform for market deployment in Africa. Powered by HammerPay, the Remittance Service Deliver Platform (RSDP) with its private digital e-wallet service will help banks, wallet…

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The Growth of DeFi In Africa – Why Are People Interested?

Article by Elisha Imagine a world where people in developing markets can get loans on demand, have access to high-yield investment opportunities, and move their money freely without restriction. That is the world decentralized finance (DeFi) companies in Africa envision, and they are building it. Over the past few years, several DeFi platforms have launched…

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Mobile remittances to lead digital revolution in marginal rural areas in five African countries
To harness the development benefits of using mobile channels to send and receive remittances, the UN’s International Fund for Agricultural Development (IFAD) announced its first grant to a digital payments company, MFS Africa, to promote the use of mobile remittances in marginal rural areas in five African countries; Ghana, Kenya, Senegal, The Gambia and Uganda.... Read Article →
M-KOPA Unlocks $600 Million for Underbanked Customers in Africa

M-KOPA, the fintech platform that provides digital credit to underbanked customers, today announced the release of its 2021 Impact Report.  As a mission-driven company, M-KOPA’s tremendous growth is rooted in commitment to both commercial and social goals. The report presents findings on M-KOPA’s smartphone, solar and cash loan customers across Kenya, Uganda, Nigeria and Ghana. While much of…

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Hedera Named to Constellation ShortList™ for Blockchain Services

The Hedera network, the most used, sustainable, enterprise-grade public ledger for the decentralized economy, has been named to the Constellation ShortList™ for Blockchain Services in Q3 2022. The technology vendors and service providers included in this program deliver critical transformation initiative requirements for early adopters and fast-follower organizations. Hedera offers a range of different DLT services that…

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QoreID joins Africa Money and Defi Summit, Ghana 2022
QoreID provides an easy to integrate, trouble-free and dependable products delivered as APIs, SDKs or Workflows to help customers focus on building their business. They make it super easy for people to securely onboard and get to know their customers intimately, laying a good foundation for businesses to build products and connect with their customers... Read Article →
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