Ghana International Bank selects Backbase to drive digital transformation
The Dutch fintech will act as the core strategic partner for the bank’s digital operations.
Africa
ClearScore lands $200m investment from Invus
The UK fintech is looking to accelerate its global expansion.
Oracle wins Flexcube deal with Ethiopia’s first Islamic bank
ZamZam Bank has selected Flexcube to run its core banking ops.
Standard Bank extends Microsoft partnership to boost cloud migration
The South African bank renews a 30-year deal with the US tech giant.
Telkom launches Africa’s first virtual card for transacting on WhatsApp
Telkom Pay users can now use WhatsApp to pay any merchant that accepts Mastercard.
Mauritius Commercial Bank adopts Mitech trade finance tech
Commercial bank to deploy its new platform on the cloud.
Chipper Cash raises $100m in SVB-led Series C round
Africa-focused P2P firm claims to be the continent’s most valuable start-up
Barclays hires Standard Chartered’s Demery to support fintech clients
Demery takes over fintech partnerships in Europe, the Middle East and Africa.
Thunes adds $60m to Series B round focused on network expansion
Singaporean cross-border payments firm has raised $130m in total.
Vodacom launches “super app” in South Africa with Alibaba’s help
“We see this super-app as a precursor to M-Pesa’s evolution,” says CEO.
Safaricom mulls M-Pesa partnership with Amazon
A wider partnership with Amazon “is important”, says CEO.
Curo Fund Services goes live on Temenos accounting platform
South African insurance processor finishes first phase migration of five systems.
Vista Bank Group selects Radar Payments to power pan-African processing
African challenger bank selects BPC company to underpin payments.
AZA Finance acquires Exchange4Free to become largest non-bank FX firm in Africa
Trading firm says it can double its transaction volume to $2.5 billion by 2021.
Nedbank and Mastercard launch WhatsApp payments with Money Message
South African bank aims to provide easy payments to small businesses.
FIS expands payment processing in Malaysia, South Africa and Nigeria
“Emerging markets across Southeast Asia and Africa present fresh opportunities”.
Path Solutions gains first Ethiopian client in Bank of Abyssinia
Bank of Abyssinia has over 4.6 million customers and 580+ branches and Islamic windows.
Nigerian fintech Appzone lands $10m for pan-African digital core banking solution
The Series A round was led by CardinalStone Capital Advisers.
Egyptian fintech Paymob lands country a record $18.5m Series A
The Series A followed a $350,000 seed raise in 2019.
WorldRemit founder Ismail Ahmed launches $500m Somaliland fund
WorldRemit’s first market was Somaliland.
Airtel Africa sells 25% stake in mobile money arm to Mastercard for $100m
Airtel Africa hopes to list the mobile money business as a separate entity.
Nigerian challenger Kuda Bank raises $25m in Series A funding
Neobank nabs more funding just four months after last round.
ICYMI funding round: Fondeadora, SEON, Lendo, Nomanini & more
Plenty of funding rounds may have slipped you by this week.
Fintech funding deals globally 8-14 March 2021
Featuring Stripe, Starling, BlockFi, Cedar, and Flutterwave.
South African fintech Adumo lands $15m from World Bank member
Adumo helps businesses move from cash transactions to digital payments.
Crédit du Maroc in core banking and payments tech overhaul with Temenos
Crédit du Maroc will implement Temenos Transact and Temenos Payments.
Idman Community Bank opts for BML Istisharat’s ICBS core banking system
The bank was looking for “a proven banking solution to be implemented by a reliable vendor”.
MFS Africa invests in London with all-new executive team
“London has taken up the mantle of fintech advocate and champion.”
Nigerian fintech Flutterwave lands unicorn status with $170m Series C
It is one of the few African start-ups to have secured more than $200 million in funding.
Suez Canal Bank extends Temenos partnership with Infinity deal
The bank is an existing user of Temenos’ core banking platform.
International cash transfer app Rewire lands $20m led by OurCrowd
Jerry Yang, former Yahoo! CEO and director at Alibaba, also invested.
FinTech Futures Industry Survey & Report 2021
A deep-dive into the trends defining 2021 and beyond, based on a comprehensive survey of the industry.
Dear Luc: Your most pressing fintech problems solved
In Dear Luc, we answer the questions the industry’s fintech founders are too embarrassed to ask.
Kenyan start-up Powered by People raises $1.5m seed funding
The round was led by Matt Kalish of DraftKings and TBD Angels.
South African paytech Nomanini obtains debt funding
It raised a convertible loan from the MASSIF fund, which is run by FMO.
ImaliPay raises undisclosed amount in pre-seed funding
The undisclosed amount in pre-seed funding came from Australian venture capital firm TEN13.
Cameroon-based fintech Diool secures $3.5m funding
The funding round was led by Lundin Group and other existing investors.
Fintech funding deals globally 22-28 February 2021
Featuring Chargebee, Tyme, TypTap Insurance, Anchorage, and Earnix.
Ethical challenger algbra banks on tech to define it in “fintech gold rush”
“We’re building a backend on a global level,” says co-founder.
Banque Misr kicks off digital transformation plans with Atos
Atos to deliver new digital banking experiences for Egyptian bank’s customer.
