Nigerian fintech startup Cleva has secured $1.5 million in pre-seed funding to revolutionise international payments. Spearheaded by 1984 Ventures and Y Combinator, the funding propels Cleva into the forefront of African startups, marking its inclusion in Y Combinator’s prestigious 2024 winter batch directory. Founded in 2023 by Tolu Alabi and Philip Abel, both alumni of […]

A new outsourcing enterprise, Taltrix, has been launched in Nigeria, with the aim of creating 100,000 jobs for young Africans in the next seven years.  Taltrix is a joint initiative of Tech4Dev, a non-profit social enterprise, and Vienna Payment Solutions (VIPASO), a global provider of mobile payment technology. This was revealed in a recent statement […]

In order to introduce a fresh and cutting-edge mobile payment solution in Kenya, Vienna Payment Solutions (VIPASO), a global supplier of mobile payment technology, has partnered with Interswitch, a prominent digital payment and commerce firm in Africa. Without the use of cards, mobile money wallets, or an internet connection, VIPASO is a solution that provides […]

A new report by Briter Bridges, a data insight firm, has revealed that startups in Africa have raised more than $2bn in debt funding in the last ten years, as equity funding has declined significantly in the same period. The report, titled ‘Debt financing in Africa’s innovative ecosystem’, analysed the trends and patterns of debt […]

The National AI Research Grant Scheme (NAIRS), a programme initiated by the Ministry of Communication, Innovation and Digital Economy, has announced the names of 45 recipients who will receive up to ₦5 million each to support their AI research and application projects. The recipients include individuals and organisations from various sectors and regions of the […]

Nigerian peer-to-peer cryptocurrency marketplace Purchasecoins will close Buycoins Pro. The Bitcoin exchange wrote to subscribers that it would be “sunsetting Buycoins Pro,” according to web stories. “The vertical will be sunsetted in the coming days,” it claimed.  The corporation says the process includes taking assets for three months. Customers can still use Desk for Buycoin’s […]

The Nigerian fintech startup Bujeti has secured $2 million to aid financial administration in Africa. According to reports, Y Combinator (YC) led the $2 million seed investment round in which Dropbox co-founder Arash Ferdowsi, Alan Rutledge, Tristan Walker of Heirloom VC, Abdul ‘Tomiwa’ Hassan, CEO of Mono, and other investors. The goal of Bujeti, which […]

In a bid to streamline payment processes in Nigeria, financial technology company QorePay is gearing up to launch a cutting-edge fintech solution. The unveiling is scheduled for December in Lagos, promising to introduce a new era in the country’s financial system. Read also: Virtual Visa cards make online payments easy in Nigeria Strategic Alliances for Seamless […]

The United States Consul General Will Stevens recently provided a keynote talk at the Global Tech Africa Conference. In his speech, he shed light on the role that the United States plays in influencing the technological sector in Africa.  Will Stevens pointed out, in the midst of the debates, that eighty percent of Nigerian businesses […]

The Tanzanian business and consumer cross-border payments fintech company NALA Money, which is supported by Bessemer Ventures and Accel, recently announced its intention to make Rwanda a settlement hub for its East African remittance business.  When Nala handles foreign money transfers for beneficiaries in East Africa, those transfers will terminate in Rwanda before being settled […]

In a strategic meeting held in Abuja, Nigeria, the Managing Director of the Nigerian Communications Satellite (NIGCOMSAT) Limited, Mrs Nkechi Egerton-Idehen, announced the launch of NIGCOMSAT’s Educational Technology (EdTech) solutions. Leveraging satellite broadband connectivity, these solutions aim to reshape and enhance the education landscape in Nigeria. Read also: Nigerian startups compete for N59 million in prize […]

PalmPay, a leading Nigerian financial technology company, was awarded Financial Institution of the Year, Best Use of Social Media, and Brand Manager of the Year for Kevin Olumese. PalmPay also won the award for Best Use of Social Media. At the prestigious Nigerian Marketing Awards, which took place on Friday at the Eko Hotel and […]

Mukuru, which is one of the major suppliers of money transfers in Africa, has announced that it will be creating a partnership with PayFast, which is an online payments gateway in South Africa, in order to introduce a new payment service in the country. According to a release, Mukuru enables businesses to accept cash payments […]

The African Export-Import Bank (Afreximbank), by Kanayo Awani, Executive Vice President, revealed that the company is now working on the formation of a $1 billion African Film Fund to be unveiled in 2024 in order to help the film industry on the continent. Mrs Awani, speaking at the opening of the 2023 CANEX Summit, which […]

Chipper Cash, the fintech firm, has announced a multi-million-pound expansion of its partnership with Visa, one of the world’s leading payment technology companies. The extended agreement seeks to bolster growth and foster financial inclusion across the African continent, providing Chipper Cash with access to Visa’s vast expertise and investment, particularly in areas like research and […]

The sixth instalment of VerveLife, Africa’s largest fitness party, was a resounding success, thanks in large part to the efforts of Verve, the market leader in payment cards and digital tokens on the African continent. VerveLife is committed to encouraging and supporting the adoption of a healthy way of life not only in Nigeria but […]

First City Monument Bank (FCMB) was presented with an award for “Excellence in FinTech in the Payment Category” at the most recent Finnovex Middle East Summit and Awards 2023, which took place in Lagos, Nigeria, in recognition of the excellent contributions it has made to the financial technology (FinTech) industry. This award highlights the FCMB’s […]

The MENA Fintech Association, a renowned not-for-profit organisation dedicated to serving fintech startups and established players in the Middle East and Africa, has unveiled its Fintech Marketing Working Group “Bridge.” Eric Fulwiler has been appointed as the Chair of this group, which aims to bring together industry experts, marketing professionals, and key stakeholders to strategize […]

The Near Field Communication (NFC) payment feature for drivers is now being rolled out by Little App in Kenya. The functionality is being made available thanks to a collaboration between Visa and Absa Bank. Customers can make payments by simply tapping their contactless debit or credit cards on the driver’s Android phone or tablet using […]

At the Africa Fintech Summit, the startup company Save&Remit from Zambia was crowned the winner of the Alpha Expo pitch competition. The second-place finisher was a participant from Nigeria named Trade Lenda, while the third-place finisher was a competitor from Uganda named aXion Zorn. At the Africa Fintech Summit, held in Lusaka, Zambia, Save&Remit, a […]