Stitch, a South African fintech, brings in $25M in Series A Ribbit Capital-led expansion, bringing the round’s overall amount to $46M. Stitch’s payments solution is meant to satisfy the difficult and evolving payment needs of Stitch’s enterprise clients. This funding will position the fintech as a market leader in this payments category.  The fintech’s primary […]

Techstars Toronto, a top accelerator, announced its 2023 summer cohort, which includes ten African firms.  In this issue, the accelerator celebrates its 100th direct investment and vital role in promoting Canada’s and emerging economies’ digital ecosystems. CatalyzU (South Africa), MPOST (Kenya), Seso (Ghana), Ladder (Ghana), Payfi (Nigeria), Cutstruct (Nigeria), Chimoney (Nigeria), Reeple.ai (Nigeria), Oval (Nigeria), […]

Small and medium-sized companies (SMEs) in the UAE, especially in Dubai, are optimistic about the rest of 2023.  They hope to do more in the world after COVID than stay alive. This was what the second Mastercard SME Confidence Index for Eastern Europe, the Middle East, and Africa (EEMEA) showed. The first SME Confidence Index […]

Google’s AI for Health programme announced the 30 European, Middle Eastern, and African startups using AI to solve health issues in 2023.  Only 5 African companies were chosen, and two are from Nigeria: mDoc and PharmaRun. The five African companies chosen after a challenging process in May will use AI to improve healthcare. New companies […]

The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, introduced Kayi Bank, an online payment App designed to accelerate financial inclusion and enhance access to funds for unbanked individuals in Nigeria. Kayi Bank and its accompanying App are pioneering fintech payment platforms spearheaded by Kano-based businessman Alhaji Saadina Dantata, with investors from Nigeria, […]

Enza Capital, a venture capital business that invests in firms that are “organising the offline online” and “digitising key African industries,” has successfully raised a total of $58 million across its two funds. The company established an early-stage fund in 2019 with the mission to “find, back, and help build category-defining startups” in the pre-seed […]

Reckitt has named the six finalists for its WiNFUND project, a non-profit that helps women in Africa create health ideas that make a difference in the real world. Uganda had three of the six African Startups that were named. The startups were chosen because they could make a big difference in the healthcare industry. During […]

NitHub University in Lagos has embarked on a partnership with Moniepoint Inc, a leading digital financial services provider, to foster Nigeria’s ambitious goal to train one million technical talents over the next three years, The aim is to equip aspiring technologists with the skills needed to thrive in a digital future. This partnership has recently […]

QED and Partech are providing financial support for the South African payment orchestration platform Revio, with a seed investment of $5.2 million. The landscape of payments in Africa is still rather fragmented, with a number of different payment operators offering a variety of payment solutions to customers as well as enterprises. Payment failures are unavoidable […]

Flutterwave, Africa’s foremost payments technology company, has revealed its plans to launch an inaugural Engineering Mobility Programme in India in collaboration with Capgemini, a global leader in business and technology transformation services. Under this innovative initiative, Flutterwave’s engineering teams based in Nigeria and the United Kingdom will join forces with Capgemini’s extensive technology talent pool […]

Johannesburg-based startup FinanceGPT is making significant strides in the financial analysis and reporting sector by leveraging artificial intelligence (AI) to offer accessible and innovative solutions. Founded in 2020, the company employs proprietary AI models, including GPT-4, to automatically generate essential financial metrics, forecasts, and valuation estimates based on a company’s accounting data. Initially focused on […]

The Federal Government of Nigeria, under the guidance of the Ministry of Communications, Innovation, and Digital Economy, has unveiled its plans to collaborate with the Nigerian Exchange Limited (NGX) to encourage startup listings through the newly established NGX Technology Board. This significant announcement came from Minister Bosun Tijani during a technology event held in New […]

Truecaller, known for its caller ID and spam-blocking software, has launched a new brand identity and AI fraud prevention tools to improve customer privacy and communication security.  The company says its new logo and picture show a renewed resolve to protect people from fraud while keeping its ‘True blue’ colour. Truecaller said that its customers […]

Klasha, the world’s leading cross-border payments company, is excited that Sierra Leone’s government has given it a license to run and offer innovative fintech services. Klasha’s participation in the Bank of Sierra Leone’s Regulatory Sandbox Programme shows how committed the company is to creating cutting-edge cross-border financial technology solutions that make cross-border payments and digital […]

In a concerted effort to bolster regional integration and enhance economic cooperation in West Africa, the Economic Community of West African States (ECOWAS) and the African Development Bank Group recently concluded a series of consultations for the mid-term assessment of the West Africa Regional Integration Strategy Paper (RISP) 2020-2025. The African Development Bank Group endorsed […]

AfricaNenda has just announced publicly that it has partnered with the Interbank Electronic Banking Group of Central Africa (GIMAC) to advance the development of digital payment methods. In accordance with the Memorandum of Understanding that was signed on 19 September in Yaoundé, the capital of Cameroon, AfricaNenda will provide help in the form of technical […]

FlexPay Technologies, a startup company based in Kenya that specialises in financial technology is redefining the manner in which customers can purchase things that were previously out of their price range.  FlexPay is making luxury items and critical purchases more accessible to a wider audience by enabling customers to buy at partner merchants, reserve things, […]

In a groundbreaking development, Nigeria’s delegation to the G77+China Summit, headed by Vice President Kashim Shettima, has solidified a collaborative future by signing a comprehensive Memorandum of Understanding (MoU) with the Republic of Cuba.  This milestone agreement seeks to bolster cooperation in the domains of Innovation, Science, and Technology, aligning the interests of both nations […]

IoT Africa Networks, a leading provider of IoT and Industrial IoT solutions in Nigeria, has appointed Engr. Anthony Okuyelu as its new Managing Director. In his new capacity, Okuyelu will be responsible for directing IoT Africa Networks’ growth and innovation strategy. Additionally, he will concentrate on expanding the company’s market presence and forming new partnerships. […]

i3, a pan-African initiative financed by the Bill and Melinda Gates Foundation, is providing equity-free capital to 29 businesses functioning in Africa’s healthcare supply chain. These startups are working to improve the continent’s healthcare system. The programme, which is now in its second year, is run in collaboration with companies such as Cencora (formerly known […]