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Fintech

Highlights

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South Africa launches digital Nomad visa

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Platnova Technologies shines at Tech Unite Africa

Platnova Technologies Limited, the beacon of Nigeria’s fintech space, has achieved a significant milestone at the recently concluded Tech Unite Africa Expo, held on March 26th and 27th, 2024, at the esteemed MUSON Centre, Lagos.  The event brought together tech leaders, innovators, investors, and enthusiasts to explore cutting-edge advancements and provide a platform for startups […]

Ibukunoluwa Josephine Bankole
21

PayAngel announces expansion to Kenya market

In a strategic move that underscores Kenya’s position as a fintech powerhouse, PayAngel, a UK-based financial technology firm, has announced its expansion into the Kenyan market.  This decision aligns with the recent Forty Under 40 Africa Awards in Nairobi, spotlighting the nation’s burgeoning tech scene. Kenya’s reputation as a technological beacon in Africa was further […]

Hauwa Ali Abdul
20

Aella Credit rebrands, announces new name

Aella, one of Nigeria’s biggest lenders and credit providers, is happy to say that it has changed its name from Aella Credit to Aella Microfinance Bank. This business move fits with Aella’s goal of coming up with new ideas and giving all Nigerians access to banking services. To begin with, Akin Jones started the Aella […]

Modupeoluwa Olalere
28

Former executives at Paystack unveil grocery delivery solutions

In a notable development within Africa’s tech ecosystem, four former senior managers from Paystack, a prominent African payment company, have joined forces to venture into the continent’s thriving grocery delivery sector. Nigerians Yinka Adewuyi, Gbadegbo Gbade-Oyelakin, Abdulrahman Jogbojogbo, and Abiola Showemimo, all esteemed early employees who collectively dedicated over two decades to Paystack, are poised […]

Olumofe Temitayo
8

Lagos to partner Mastercard on technology

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Thursday, indicated an interest in a mutually beneficial partnership between the Lagos State Government and Mastercard for technology, digitalization, and innovation. The governor said the development of backend infrastructure by the Lagos State Government will help drive Mastercard’s investment in the state. Governor Sanwo-Olu spoke when the Management […]

Staff Writer
20

Access Holdings to acquire National Bank of Kenya

Nigerian Access Bank Plc has inked a formal agreement to buy the National Bank of Kenya (NBK) from KCB Group Plc. The purchase is contingent on Central Bank of Kenya regulatory approvals, according to a bank tweet. In a 2019 central bank-facilitated rescue deal, Kenya’s second-largest lender, KCB, bought state-controlled medium-sized lender NBK. Initial reports […]

Modupeoluwa Olalere
20

Ethiopia bank tries to regain millions illegally withdrawn

Ethiopia’s most prominent commercial bank is trying to regain millions of dollars customers took out because of what the bank called a “systems glitch.” There are reports that more than $40 million was taken out of or sent to other banks from the Commercial Bank of Ethiopia, owned by the government when customers learned they […]

Modupeoluwa Olalere
20

Kenya approves TandaPay, mobile money wallet

The Central Bank of Kenya (CBK) has approved the launch of the TandaPay mobile money wallet, advancing cyber finance in Kenya. TandaPay, a cutting-edge fintech service, claims to transform Kenyan finances by giving a variety of perks to meet individual consumers’ demands. With CBK’s permission, TandaPay will disrupt Kenya’s mobile money industry and build on […]

Modupeoluwa Olalere
16

Nigerian fintech Youverify secures $2.5M investment, expands global reach

Youverify, a leading provider of identity verification and anti-money laundering (AML) solutions based in Nigeria, has clinched a significant $2.5 million investment from Elm, a prominent digital solutions provider in Saudi Arabia.  The pre-Series A investment not only injects capital into Youverify but also establishes a strategic partnership aimed at fortifying AML compliance for businesses […]

Ibukunoluwa Josephine Bankole
16

Flutterwave’s COO Abifarin steps down amid resignation wave

Flutterwave’s Chief Operational Officer, Bode Abifarin, has resigned. His departure marks the latest high-profile exit from the renowned payments corporation, following a series of notable departures in recent months. In a heartfelt LinkedIn post on Tuesday, Abifarin reflected on his journey at Flutterwave, describing it as a mix of highs, lows, victories, and failures. He […]

Ibukunoluwa Josephine Bankole
16

Kenya Central Bank grants licence to 19 new digital credit providers

Kenya’s Central Bank grants licences to 19 digital credit providers, including Autochek, signalling regulatory scrutiny over predatory lending practices. This move comes one year after the licensing of 32 digital lenders, reflecting efforts to address borrower concerns. In a bid to curb unethical loan collection techniques, the Central Bank of Kenya continues to meticulously review […]

Ibukunoluwa Josephine Bankole
16

Stanbic Holdings suspends plans for fintech division in Kenya

Stanbic Holdings, a prominent company based in Kenya, has announced its decision to suspend its plans to establish a financial technology division.  This move comes in response to regulatory delays from the Capital Markets Authority (CMA), which had initially granted permission for the division’s operation in the fourth quarter of 2023. The decision to halt […]

Ibukunoluwa Josephine Bankole
16

Moroccan TooKez secures $1.5 million to secure customer loyalty

Moroccan FinTech startup TooKez has successfully secured a significant investment of $1.5 million, in a fundraising round spearheaded by the esteemed Azur Innovation Fund. The public-private seed capital fund, known for its support of innovative ventures, is dedicated to enhancing the customer loyalty landscape in Africa and the Middle East and North Africa (MENA) region. […]

Ibukunoluwa Josephine Bankole
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