ADCB Egypt partners Temenos to deliver digital payments
The deal will allow ADCB Egypt to adopt global payment standards such as ISO20022 and Swift GPI.
Africa
Mastercard partners HyperPay to boost digital payments across MENA
As part of the deal, Mastercard has also invested in HyperPay, leading a $40 million funding round.
ICYMI fintech funding round-up: CertifID, Bridgecard & Forward
A handy round-up of the recent funding endeavours of fintech companies across the globe.
LeapFrog and Tana Africa invest in Nigerian paytech Interswitch
LeapFrog and Tana will work with Interswitch to increase its customer base and develop new products.
Airwallex hires Pranav Sood to head up EMEA operations
Sood joins from GoCardless, where he was most recently vice president of small business.
Egyptian B2B paytech Paymob raises $50m Series B
The Series B round, the largest fintech Series B in Egypt, was led by Kora Capital, PayPal Ventures and Clay Point.
Oracle FS gains core banking tech clients in Europe and Africa
Oracle FS has landed new-name deals for its Flexcube core banking system in Portugal and Nigeria.
Capitec Bank taps nCino for business banking loan management upgrade
Capitec is South Africa’s largest digital bank, with more than 10 million customers.
MDI aims to become Egypt’s first fully digital bank
MDI aims to drive financial inclusion within Egypt.
Middle East and Africa fintech funding round-up: Zenda, Pemo, Afriex & Laboremus
Our weekly fintech round-up for you to get the latest funding news from the Middle East and Africa.
ICYMI fintech funding round-up: Union54, Themis & Sawa
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Nigerian digital bank Umba raises $15m Series A funding
Following the Series A, Umba has now raised a total of around $17.5 million to date.
FinTech Futures: Top five stories of the week – 15 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Winden, EximPe, Uplinq, ImaliPay & SwooshTransfer
Our weekly fintech round-up for you to get the latest funding news from around the world.
Nigerian fintech start-up Kippa launches digital payments offering for African SMEs
Kippa Payments is the second product launched by the start-up since it was founded in June 2021.
RegTech Africa Conference looks to drive growth and shape the digital economy
The annual RegTech Africa Conference is being held on 25 and 26 May 2022.
Egyptian super-app Khazna secures $38m Series A round
Khazna has now raised a total of $47 million to date.
Apollo Fintech taps ThetaRay for Sonar AML monitoring tech
Apollo Fintech will deploy Sonar on its new bank-to-bank payments service Knox Wire.
Egyptian credit fintech Lucky raises $25m Series A
The cash will go towards cementing Lucky’s position in the market and building out its credit offering.
Oracle FS gains first core banking client in Tunisia, UBCI
Union Bancaire pour le Commerce et l’Industrie (UBCI) will implement the Flexcube core banking system.
Finovate Europe 2022: fintech investment trends – where’s the smart money going?
Investment professionals from Citi Ventures, Albion VC and Finch Capital discussed the ‘next big thing’ in fintech.
African neobank 4G Capital completes Series C round
Global private equity fund Lightrock is investing $18.5 million in the financial inclusion player.
ICYMI fintech funding round-up: Payrails, Nexta, Malaa Technologies, & Playter
Our weekly fintech round-up for you to get the latest funding news from around the world.
Nigerian mobility fintech Moove raises $105m to expand to Asia and MENA
Money will be used to expand Moove to seven new markets across Asia and MENA over the next six months.
Mauritius Commercial Bank in digital modernisation drive with Mobiquity
Mobiquity is helping MCB to create “a banking lifestyle app” for the bank’s one million customers.
Fintech start-up Chari acquires Axa Credit in Morocco for $22m
The acquisition will enable Chari to launch buy now, pay later (BNPL) services.
Paytech Dash lands $32.8m seed round to unify Africa’s mobile money wallets
Dash is a unified payment network for the 1.3 billion Africans currently transacting digitally.
African asset financing platform M-Kopa raises $75m in funding
M-Kopa will use the new cash to grow its team and expand into additional countries.
South African banking heavyweight Capitec appoints CTO, Andrew Baker
Andrew Baker had a lengthy tech career at Barclays Africa and its successor, Absa.
Chat commerce platform Clickatell raises $91m Series C to boost expansion plans
Clickatell says chat is the largest digital platform in the world, with 7.7 billion users.
Kenyan start-up MarketForce lands $40m Series A funding
The oversubscribed round was led by Africa-focused investment vehicle V8 Capital Partners.
Nigerian paytech Flutterwave lands $250m Series D round
Flutterwave says it has become the highest-valued African start-up with this investment.
Qatari financial management app Karty set to launch in MEA region
Karty allows users to spend, save and manage their money.
African fintech start-up Stitch lands $21m Series A round
Stitch will use the cash to expand its team, launch new products and enter new markets on the continent.
Oracle FS lands two core banking tech clients in Libya
Daman Islamic Bank (DIB) and Mediterranean Bank have signed for the Flexcube core banking system.
Garden of Eden: how Africa’s digital transformation promises to boost the continent
Demographics, technology and opportunity have set the stage for Africa to become a global fintech powerhouse.
African fintechs Finclusion and Lipa Later raise pre-Series A funding
Finclusion has landed $20 million and Lipa Later has secured $12 million.
African fintech start-ups Float and Asaak gain funding
Ghana-based Float and Uganda-based Asaak raise $17 million and $30 million, respectively.
Pan-African Payment and Settlement System goes live
PAPSS will save Africa more than $5 billion in payment transaction costs every year.
South African challenger bank Tyme completes $180m Series B with Tencent investment
The investment from Tencent and UK development finance institution CDC brought in an additional $70 million.
