Reimagining agribusiness in Africa with VeryPay’s e-wallet companion solution
The journey for VeryPay is not just about facilitating transactions; it’s a profound movement towards reshaping and enriching lives.
Africa
UK-Africa remittance start-up Zazuu closes down
Founded in 2018, Zazuu operated a marketplace for cross-border payment networks in Africa.
Egypt’s KashNow partners Sandah to provide small businesses with access to financing
Small businesses will now be able to submit loan applications through the KashNow app.
South African paytech Stanchion Payments names ex-Synthesis exec Pierre Aurel as new CPO
Aurel previously served as head of payments and cryptography at South Africa-based Synthesis Software Technologies.
Sudan’s Africa and Gulf Bank selects Temenos to power digital transformation
The bank previously signed up for Path Solutions’ iMAL Islamic core banking system back in 2020.
Blackbullion taps Bud to streamline higher education student finance applications
Blackbullion will deploy Bud’s Assess solution and its open banking and transactional AI tech.
Stitch raises $25m in Ribbit Capital-led Series A extension
PayPal Ventures, CRE Venture Capital and The Raba Partnership also participated.
Video: How Mauritius is emerging as a global financial services hub
We speak with the Honourable Mahen Kumar Seeruttun about the evolution of the financial services landscape in Mauritius.
ICYMI fintech funding round-up: Fipto, Form3, Immix, Emata & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
ICYMI fintech funding round-up: GenTwo, Momnt, myZoi, Treyd, Firstcard & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Ugandan fintech Asaak acquires FlexClub Mexico for undisclosed sum
The acquisition marks Asaak’s entry into the Latin American market after achieving profitability in Uganda.
Digital banking – realising the opportunity
Aspire Systems’ Suresh Ranganathan talks about the company’s ambition to be at the forefront of digital banking transformation.
LemFi bags $33m in Series A funding round to fuel global expansion
LemFi was founded in 2020 to provide immigrants with better access to financial services.
FinTech Founders Video: Elizabeth Rossiello, AZA Finance
Elizabeth Rossiello reveals the one person she couldn’t run AZA Finance without!
Moniepoint gets the go-ahead to acquire Kenyan fintech Kopo Kopo
For Moniepoint, which operates in Nigeria, the acquisition allows it to expand its footprint into Kenya.
Mastercard signs MoU to buy minority stake in MTN’s $5.2bn fintech business
MTN says its partnership with Mastercard will enable its customers “to participate in the global economy”.
Mobility fintech Moove secures $76m funding to fuel global expansion
The latest investment brings Moove’s total funding to date to over $335 million across equity and debt.
Saudi Arabia’s HyperPay acquires fintech start-up Sanad Cash
HyperPay is aiming to expand its product offerings in order to become an “all-in-one” digital payments platform.
Standard Chartered exits several markets in Africa through sale of subsidiaries to Access Bank
Access Bank will acquire Standard Chartered’s subsidiaries in Angola, Cameroon, The Gambia and Sierra Leone.
BKN301 names Mahesh Paolini-Subramanya as new CTO
He joins BKN301 Group from Klar, a digital bank in Mexico, where he served as CTO for a year.
Egypt Post meets SME financing capabilities with Qardy partnership
Qardy will provide its financing services to Egypt’s SME community through Egypt Post’s numerous post offices.
Diamond Trust Bank in treasury management tech revamp with Profile Software
Profile’s Acumen.plus supports DTB’s treasury management ops in Kenya, Uganda, and Tanzania.
Paytech Medius to acquire expense management firm Expensya
Medius says the acquisition of Expensya is “one of the largest in the MENA region”.
MultiChoice partners Rapyd to launch new payments platform in Africa
The new platform, called Moment, will offer an expanded payment infrastructure for African businesses.
Rammis Bank live with iMAL core banking system from Azentio
Phase one of the implementation project at Rammis Bank was completed in 30 days.
Digital banking group Tyme lands $77.8m in pre-Series C funding
Existing investor Tencent also increased its stake to become Tyme’s third-largest stakeholder.
BKN301 Group taps Finastra for digital payments solution Essence
BKN301 Group’s long term strategy is to bring a BaaS payments solution to corporates in the MENA region.
African fintech M-Kopa secures $200m debt financing and $55m equity funding
The debt financing was led by Standard Bank Group and the equity round by Sumitomo Corporation.
Kenya’s Fingo partners with Ecobank to launch neobanking app
The app aims to boost financial inclusion for young people in Kenya.
Egypt’s Taly taps BPC to power digital payment services
Taly aims to broaden financial inclusion and boost digitalisation in the country.
Nigerian paytech Nomba raises $30m in pre-Series B round
The start-up will use the funding to expand in Nigeria and across other African markets.
Nigerian paytech VigiPay taps ThetaRay for Sonar AML solution
Sonar will help protect the growing business against sanctions violations and other types of financial crime.
Smile Identity acquires Appruve to expand across Africa
With the acquisition, Smile Identity aims to expand its reach across Ghana and francophone Africa.
OMO Bank revamps core banking system with Oracle and Profinch
The bank will implement the Flexcube core banking system from Oracle FS.
Demystify Podcast: Demystifying fintech in Africa with Benjamin Fernandes, Nala
The story of Benjamin Fernandes, founder of Nala, and his passion for solving problems speak to the incredible story that is fintech in Africa!
South Africa’s Peach Payments lands $31m Series A funding
With the new investment, Peach Payments plans to expand across new markets in Africa.
Nigeria’s Access Bank partners MFS Africa for outward remittances
The partnership will enable people and businesses in Africa to receive real-time payments from Nigeria.
AccesBanque partners Compass Plus Technologies for ATM acquiring and card management
The partnership will allow AccesBanque to scale and quickly launch new products and services.
Egypt’s Faisal Islamic Bank taps iGCB to power its digital banking services
The bank will deploy iGCB’s cloud-native CBX Retail (CBX-R) solution.
South Africa rolls out PayShap, a new real-time digital payments service
With PayShap, consumers will have access to instant, real-time payments across participating banks.
