Diamond Trust Bank Uganda and TerraPay have joined forces to revolutionise cross-border transfer processes in 2024.  This partnership marks a significant step forward in facilitating seamless financial transactions across borders, benefiting customers with faster, more convenient, and secure remittance services. Let’s delve deeper into this collaboration and its potential impact. Enhanced Cross-Border Transfer Processes Diamond […]

Mastercard, in partnership with the National Bank of Egypt (NBE), has introduced the UEFA Champions League Mastercard Credit Card, the first of its kind in Egypt.  This innovative card offers NBE cardholders exclusive benefits and cashback on online purchases, targeting young football enthusiasts and strengthening the partnership between Mastercard and NBE. Elevating Cardholder Experience Adam […]

In a landmark collaboration, Mastercard, a global leader in payments technology, and MTN Group, Africa’s leading telecommunications provider, have joined forces to revolutionise mobile payments across the continent.  This strategic partnership aims to leverage the widespread adoption of mobile technology in Africa to drive financial inclusion and empower millions of individuals and businesses with convenient, […]

CME, a seasoned multinational technology firm, embarks on a groundbreaking journey into digital finance through the launch of CoorB. This strategic move signifies CME’s foray into the financial technology sector, leveraging its extensive experience in cutting-edge technology solutions to revolutionise the financial landscape. Revolutionising Financial Solutions with CoorB CoorB harnesses CME’s expertise in engineering, UX […]

Financial technology (fintech) companies from Kenya and other African countries will gather in Naivasha to talk about tech, innovation, and partnerships. In a joint effort between the Association of Fintechs in Kenya (AFIK) and the Africa FinTech Network, the 12th–15th of June will marked out for the Africa Fintech Festival (AFF). Green finance, policy and […]

Nigerian-owned Bfree, the top ethical credit manager platform in Africa, has announced its most recent funding round, raising $2.95 million. An impressive group of distinguished investors, including Angaza Capital, GreenHouse Capital, Launch Africa, Modus Africa, Axian CVC, and angel investors, joined Capria Ventures—a leader in applied Generative AI in the Global South—in leading the round. […]

South Africa’s vibrant fintech sector is set to experience a significant transformation with the upcoming introduction of the Conduct of Financial Institutions (COFI) Bill.  This pivotal legislation aims to streamline and unify the complex web of financial regulations into a cohesive industry standard, potentially reshaping the operational landscape for financial institutions across the board. Consolidating […]

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is launching SOLV Ghana, a business-to-business (B2B) online marketplace that offers micro, small, and medium enterprises (MSMEs), short-term invoicing financing, buy now pay later services, and business loans via a trusted marketplace of verified buyers and sellers. Empowering MSMEs in Ghana “At SOLV, our mission […]

PalmPay, a leading Fintech company, has bolstered its in-app safety features to shield users from the surge in fraudulent activities within the digital banking system. The increase in fraudulent incidents has particularly impacted the fintech ecosystem in Nigeria, with Mobile, Web, and Point of Sales (POS) terminals being prime targets for fraudsters in 2023. The […]

MoneyHash, an Egyptian fintech startup, has recently secured a significant milestone by raising $4.5 million in seed funding. This injection of capital signals a vote of confidence in MoneyHash’s vision to transform the landscape of financial transactions across Africa. At its core, MoneyHash aims to facilitate payments in Africa through innovative fintech solutions, leveraging technology […]

Mastercard’s recent investment of $200 million in MTN Fintech, a subsidiary of Africa’s leading telecommunications company, MTN Group, marks a significant milestone in the financial technology landscape.  This strategic move not only underscores Mastercard’s commitment to advancing digital payments but also signals a potential transformation in the fintech sector across Africa. Strengthening Digital Payments Infrastructure: […]

Absa Group, a prominent financial services provider in South Africa, has emphasised the potential for African FinTech startups to explore public listings on local exchanges.  Adesoji Solanke, head of FinTech investment banking origination at Absa Securities UK, highlighted the opportunity for FinTechs to raise capital through initial public offerings (IPOs) on local exchanges, according to […]

Mastercard, a global leader in payment technology, has forged a strategic partnership with Awash Bank to introduce pre-paid cards in Ethiopia.  This collaboration marks a significant milestone in advancing financial inclusion and modernizing payment systems within the country. Advancing Financial Inclusion: Empowering the Unbanked Ethiopia, like many developing nations, faces challenges in providing financial services […]

South African climate fintech startup Hohm Energy has successfully closed its seed round with a total funding of $8 million. This marks the largest seed round for a technology startup in South Africa, signalling strong investor confidence in the company’s vision and potential. The seed round was led by E3 Capital and 4DX Ventures, with […]

FairMoney, a digital bank based in Lagos and headquartered in Paris, is in talks to acquire Umba, a digital bank focused on credit services in Nigeria and Kenya, for a $20 million all-stock transaction.  This move signifies FairMoney’s ambition to expand its reach, particularly in Kenya, but also highlights challenges faced by fintech companies in […]

Visa, a global leader in digital payments, has recently announced the appointment of Chad Pollock as its new Vice President for East Africa. This strategic move underscores Visa’s commitment to expanding its presence and advancing financial inclusion initiatives in the East African region.  With his extensive experience and expertise in the fintech industry, Chad Pollock […]

An innovative partnership between Access Bank and Konga.com, the top e-commerce platform in Nigeria, is about to change the way customers shop forever. Thanks to this partnership, customers who pay with their Access bank cards on Konga will get a whopping 50% off their total purchase price, up to a maximum of N5000. With this […]

Floww Financial has made its foray into the African cryptocurrency market with the launch of its operations in Nigeria.  The company now offers fiat-to-crypto and crypto-to-fiat services on leading exchanges, including Binance, where it operates as a peer-to-peer merchant. Local Talent Empowerment and Expansion Daryl Teo, the Chief Investment Officer and Founder of Floww Financial […]

Following the unexpected passing of Herbert Wigwe, the founding Group CEO of Access Holding Plc, a wave of tributes have been pouring in from experts and founders in the tech community across the globe, especially in Africa.  These leaders have been honouring his unwavering commitment to innovation and progress which have significantly transformed Africa’s technology […]

South African fintech company iKhokha has disbursed over $105 million (R2 billion) in working capital to its small and medium-sized enterprise (SME) customer base in partnership with Retail Capital, now a division of TymeBank. Fintech, known for its SME-focused financial services platform, facilitates both in-person and online payments for entrepreneurs. iKhokha’s platform not only enables […]