Mastercard has announced a strategic partnership with Lipa Later, a leading credit led and technology-driven fintech. This collaboration aims to accelerate the expansion of Buy Now, Pay Later (BNPL) payment services in Africa. The partnership is expected to unlock new opportunities for consumers and merchants by providing tailored BNPL solutions and enhanced payment capabilities. By…
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Remedial Health, a healthtech startup that develops solutions to make Africa’s pharmaceutical value chain more efficient, has secured $12 million in an equity and debt funding round to deepen the penetration of its services in Nigeria and support the delivery of targeted financial services to drive business growth across the country’s pharmaceutical sector. The $8…
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Mastercard, a global leader in financial services, has joined forces with Alerzo, Nigeria’s leading technology service provider, to address the challenges faced by small and medium-sized enterprises (SMEs) in Nigeria’s Fast-Moving Consumer Goods (FMCG) sector. This partnership aims to empower businesses by offering digital payment solutions, financial training, and access to credit, ultimately leading to…
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TerraPay, a global payments infrastructure company has announced its partnership with Safaricom, Kenya’s telecommunications, IT and financial services provider. Together, both companies will usher in the benefits of financial inclusion by facilitating instant borderless payments. The partnership, through TerraPay’s group company Mobex (Kenya), a licensed Money Remittance Provider, will enable more than 30 million M-PESA…
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MyCover.ai, the insurtech startup building Africa’s digital insurance infrastructure, has announced the close of a $1.25 million pre-seed funding round, today, led by Ventures Platform. The round included participation from Founders Factory Africa and TechStars, who are making a follow-on investment after the startup’s participation in its 2022 Toronto Accelerator program. MyCover.ai will use this capital injection to bolster its…
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Flash, Egypt’s new cashless payments app, has raised $6 million seed round to accelerate its product development and customer and business acquisition in the country. The round was led by Addition with participation from fintech venture capital firm Flourish Ventures and other strategic angel investors. Flash has also obtained approval from the Central Bank of Egypt in…
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Leading African digital payments provider, DPO Pay, registered under One Payment Tanzania Limited, has received approval from the Bank of Tanzania to operate as a Payment Service Provider (PSP) in the country. The National Payment System Act, 2015 requires all PSPs to undergo a rigorous license application process to provide payment services in Tanzania. DPO…
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AZA Finance, an African fintech company, is a global leader specialising in providing secure and efficient financial infrastructure for payments, foreign exchange, and treasury services. The company recently announced the continued diversification of its global offering by expanding into new corridors in key strategic frontier markets. This expansion includes the introduction of new payout corridors…
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M-KOPA, a leading fintech platform, today announced it successfully closed over $250m in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa. This marks one of the largest combined debt and equity raises in the African tech sector, enabling M-KOPA to continue its rapid growth. Over $200m…
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Touch and Pay Technologies [TAP], a Nigerian fintech company and leading processor of micro-transactions in Africa, has announced the democratization of interstate travel from Nigeria’s largest city, Lagos, to other parts of the country. It is now possible for passengers to pay for their trips using the Cowry app, even if they are travelling through…
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