Helios takes a shine to TPAY with majority stake
Africa-focused private investment firm gets 76% stake in paytech.
Africa
Goldman Sachs leads $52m funding round for JUMO
Goldman Sachs, Proparco and Finnfund come on board as JUMO’s new investors.
New bank in Morocco opts for Path Solutions’ iMAL core banking system
Start-up Islamic bank Bank Al-Tamweel Wa Al-Inma (BTI Bank) implements new front-to-back office tech.
South African paytech Yoco raises $16m funding
Round led by Partech with participation from Orange Digital Ventures.
United Bank of Egypt completes Finastra core banking revamp
The selection for retail, corporate and treasury business was made in 2016.
UK offers fintech expertise to Nigeria
Due to Brexit, it needs to find new markets.
Azimo partners with Interswitch for cross-border payments in Nigeria
Creating a Europe-Nigeria channel for the underbanked.
I&M Rwanda about to roll out Infosys Finacle 10
18 months in the works, moving away from Sopra Banking Software’s core banking tech.
Stripe and Visa join $8m funding round in African start-up Paystack
Nigerian payments firm also gets help from Tencent and Y Combinator.
Kenya’s Equity Group turns Finserve subsidiary to fintech
Its MVNO is now an autonomous commercial enterprise.
Standard Bank’s online escrow service Shepherd meets its end
No explanation as to how or why from the South African bank.
Morocco’s Attijariwafa Bank chooses Path Solutions’ core system
Bank Assafa (subsidiary of Attijariwafa Bank Group) is Path’s third client in the country.
State Bank of Mauritius gets Miles ahead for wealthtech
Bank will use MoneyWare platform. Not listen to a Miles Davis album.
Temenos teams with AUC Venture Lab in Egypt
Vendor promoting its core banking system to start-ups.
Nigerian digital credit platform Mines secures $13m funding
Looking for growth in Africa and new staff.
BHCI in core banking overhaul with ERI’s Olympic
Banque de l’Habitat de Côte d’Ivoire says adieu to CapitalBanker.
Postbank Kenya unveils mobile banking service M-chama
Targeting small savings groups.
Mobile money maestro Eversend launches in Africa
New firm enters alpha testing phase.
Fintech: the driving force behind financial inclusion and empowerment in developing economies
Fintech start-ups are thinking “solution” to the benefit of millions people.
Nova Merchant Bank live with Intellect Design Arena’s core banking system
Nova Merchant Bank is the first taker of the Intellect Digital Core system in Nigeria.
Allianz completes Ensure Insurance acquisition in Nigeria
All part of its plan for long-term growth in Africa.
Absa’s ChatBanking service now includes WhatsApp
Says it’s first in the world to offer full banking services via the chat app.
Chase Bank Kenya endures four-day outage after tech migration
The transition to SMB Holdings’ new platform was most likely the cause.
Jumhouria Bank of Libya selects SmartStream for real-time control
SmartStream to provide intra-day reconciliations management.
Payments start-up Akwewa launches in Benin
Cotonou-based firm offers money transfers around the world.
Standard Bank SA faces IT crash, again
ATMs and online platforms were affected, according to reports.
UK government backs GMEX to build new trading exchange in Mauritius
GMEX consortium investment in Mindex project amounts to $35 million.
Copenhagen Fintech and CARE call for start-ups
Looking for ideas in providing loans and cash for the unbanked.
South African Ethereum test proves efficiency of blockchain-based payments for banks
A blockchain-based payments system tested last week outdid traditional payment networks.
First Bank teams with WorldRemit for digital money transfers to Nigeria
In 2017, Nigeria received over $22bn in remittances, making it the largest recipient in Africa.
Finovate in 2018: a search for fintech’s frontier
Where is the future of fintech?
Orange and Google looking to fund fintech start-ups
Interested in IoT, cybersecurity, cloud and AI in EMEA.
Digital bank Lidya lands $6.9m funding
The latest round brings the bank’s total funding to $8.2 million.
Interstellar crypto exchange sets its sights on the stars
Cameroon-based firm offers a Proxima Centauri update.
HPS pushes on with open banking platform for payments
Moroccan firm takes PowerCARD Connect-Open API beyond pilot phase.
SMEs and selfies stick for FNB account opening
South African bank unveils selfie authentication… and “businessism”.
African payments firm Cellulant raises $47.5m
Helped by The Rise Fund – marking its debut on the continent.
Global Findex 2017: financial inclusion on the rise but gaps remain
Globally, 69% of adults – 3.8 billion people – now have an account at a bank or mobile money provider.
Start-up e-Doley Finance takes BGFI Bank to court
Not all bank-fintech collaborations have a happy outcome.
Payworks teams up with fellow paytech in Ghana, Hubtel
Payworks is working with Ghana’s Hubtel to enable merchants in the African nation to accept payments via their Hubtel POS app and EMV credit card reader, reports David Penn at Finovate. The two companies have been collaborating since the beginning of the year, integrating Payworks Pulse payment gateway technology to make Hubtel the first fully […]
