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.
Egypt
Egypt’s MIDBANK picks Temenos for digital banking revamp
Temenos’ Transact and Infinity products will replace the bank’s legacy systems.
New fintech Z-Walet plans Egyptian launch targeting Gen Z
Founded in 2020, the firm is still at the waiting list stage.
Cloud payroll fintech dopay raises $18m in Series A round
New raise will go towards product expansion in its sole Egyptian market.
Fintech ecosystem MNT-Halan lands $120m funding
The Egyptian digital platform connects merchants and users who are typically excluded from financial institutions.
OPay becomes Africa’s latest fintech unicorn with $400m Series C round
The Nigerian start-up says the new investment takes its valuation up to $2 billion.
Fintech start-up dopay gains Egyptian banking licence
The payroll company is looking to launch a new digital banking platform in the country.
Exclusive: Central Bank of Egypt selects collection of Oracle FS platforms
Central bank picks a range of systems from digital banking to treasury and credit facilities.
Egyptian fintech Paymob lands country a record $18.5m Series A
The Series A followed a $350,000 seed raise in 2019.
Suez Canal Bank extends Temenos partnership with Infinity deal
The bank is an existing user of Temenos’ core banking platform.
Banque Misr kicks off digital transformation plans with Atos
Atos to deliver new digital banking experiences for Egyptian bank’s customer.
A look inside MENA investor Global Ventures’ fintech portfolio
Global Ventures’ portfolio covers payment acceptance, digital wallets, credit and trading.
Arab Investment Bank picks fresh batch of Temenos solutions
Egypt-based bank adds to existing portfolio of Temenos products.
Egypt’s AAIB finally goes live with Temenos after five years
AAIB signed the deal with both Temenos and IBM back in 2015.
Modul8 and Nium partner to provide card-issuing for APAC region
The two claim they can deliver the service for companies in as little as three months.
Regulatory sandbox at heart of Egyptian fintech boom
“For the first time, we are seeing a key dialogue with central players,” says Paymob.
Ingressive doubles African tech start-up fund to $10m
Ingressive averages $200,000 to $400,000 in individual investments.
Vodacom and Safaricom finalise M-Pesa acquisition
Joint venture takes control of popular mobile money brand from Vodafone.
Jumia steps in to assist Africa amid rising coronavirus numbers
Jumia will help various African governments distribute masks to hospitals.
Central Bank of Egypt pilots eKYC solution for financial inclusion
Egyptian regulator also plans internet banking overhaul.
Temenos inks deal with Egyptian National Post
The firm will be replacing 20 legacy systems in the process.
Village Capital and MetLife Foundation selects 11 start-ups for MENA accelerator programme
Finalists from this cohort will receive grant capital totalling $50,000.
Banque du Caire goes live with Temenos Infinity
The bank has also chosen the Temenos T24 Transact core banking solution.
Egypt’s Commercial International Bank ventures into fintech investment land
CIB unleashes CVentures for a national “first”.
United Bank of Egypt completes Finastra core banking revamp
The selection for retail, corporate and treasury business was made in 2016.
