Topic
Reporting on FinTech.
Showing 21–40 of 41 articles
M&A
With the acquisition of Kashat, Raseedi will be able to offer cash loans of up to EGP 3,000 (approximately $95) to small business owners and sole proprietors, an amount that will be scheduled for disbursement within five minutes
Funding
At the moment, LemFi operates across 27 send-from markets and 20 send-to countries, including Nigeria, Kenya, India, China, and Pakistan.
M&A
Network International will utilize its extensive pan-regional experience to support Money Fellows’ expansion into Morocco and the wider African region.
FinTech
The UK branch of Moniepoint has accrued a total loss of $1.4 million over 17 months since it was founded in August 2022. However, the company’s directors, Tosin Eniolorunda and Felix Ike, retain high hopes about its long-term profitability.
Funding
In a move that further diversifies the company’s offerings and enhances convenience for its growing customer base, ValU recently partnered with Visa to launch the Titanium credit card, providing exclusive benefits to its customers.
FinTech
The investment in Sourcefin aligns with HGDEF’s mandate to support high-growth, impactful businesses.
Funding
With this valuation, Tyme has taken the critical step to finally becoming a unicorn and Africa’s ninth one.
Funding
Cauris’s reputation in the African fintech ecosystem has grown alongside its involvement in transformative ventures.
FinTech
Now, with Hisa joining the Rise brand, I wish the team continued success and growth. Hisa will always hold a special place in my heart.” Jackson said in his resignation letter.
FinTech
“We have always sought ways to make financial services more accessible and tailored to the needs of our unique customer base,” says Mathieu Coquillon, co-founder of Mama Money.
FinTech
This feature is particularly useful for individuals and small business owners who may lack access to traditional banking services. It will be providing them with a convenient and secure means to obtain short-term credit.
FinTech
MTN Nigeria’s Billboard (Source: Alamy) MTN Nigeria has revealed its financial results for the past nine months ending September 30, 2024. Data showed that the telco’s net losses grew by more than 3335% year on year to N514.928 billion, according to details from the telecommunication company’s unaudited financial statement revealed. This loss spiked from N14.984
FinTech
Moniepoint Inc. announced that it has successfully secured US$110 million in equity financing. Dubbed Africa’s fastest-growing fintech, it aims at using this funding to power the dreams of millions of businesses and customers across Africa and the globe. The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund, which
Funding
Yellow Card, founded in Nigeria in 2019, is a fintech company that operates in 20 countries and facilitates more than $3 billion in transactions across the continent
FinTech
This strategic appointment comes as M-KOPA, widely known for providing affordable smartphones and digital financial services to underserved consumers, seeks to expand its reach in emerging markets.
AgricTech
Nigerian open banking startup, Okra, has officially made its entrance into the cloud infrastructure market on the wings of its new service, Nebula. Nebula is a new cloud service designed to support local innovation and reduce reliance on foreign solutions. This feature positions Nebula competitively against local rivals like Nobus, Galaxy and Layered – all
FinTech
The launch of Kazang Pay in Zambia comes on the heels of the introduction of the solution in South Africa, where around 60,000 small and micro merchants use Kazang Pay to accept card payments.
FinTech
As a crucial part of the collaboration, Amazon will adopt Mastercard Gateway as a payment solution that will be made available in 40 markets in the region
FinTech
TymeBank surpasses 10 million customers six years after funding
FinTech
Mitesh Popat Replaces O’Neal Bhambani as Chief Financial Officer