Exness expands its Fintech Scholarships program to Kenya
Multi-asset broker Exness is extending its popular Fintech Scholarships program to Kenya in partnership with the United States International University (USIU). The program aims to support outstanding university students in the STEM field in Kenya. It is open to third and fourth-year USIU undergraduates in Data Science, Analytics, and Software Engineering or students who have…
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MyCover.ai Secures $1.25M Pre-Seed Funding
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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Egyptian fintech Flash raises $6 million seed round
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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The Bank of Tanzania grants license to DPO Pay
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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Moove Closes $8mn Financing from Absa
Moove, the world’s first mobility fintech, has secured USD $8mn in financing from Absa Corporate and Investment Banking (CIB), bringing its total funding to-date from the bank to USD $28mn. This follows Moove’s USD $20mn financing facility from Absa for its South Africa operations announced in June 2022. The new funding will play a crucial…
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