M-KOPA lands $250m to scale across Africa
M-KOPA has raised over $250m in new debt and equity funding to expand its offering to underbanked consumers in Sub-Saharan Africa.
PayTech aimed at African businesses Nomba scores $30m
Nomba, a payment services provider aimed at African businesses, has raised $30m for its pre-Series B funding round.
Smile Identity acquires Appruve to bolster identity verification in Africa
Smile Identity, a provider of identity verification in Africa, has acquired the parent company of Appruve, which helps firms use financial and identity data for detect fraud.
Village Capital names the 32 FinTechs in its new accelerator
Village Capital has named the 32 startups, which span Africa, Asia and the Middle East, which have been selected to join its Financial Solutions for Migrants program.
Pan-African neobank Payday nets $3m seed
Payday, a pan-African neobank issuing global accounts to Africans, has scored $3m in a seed funding round headed by Moniepoint.
Nigeria-based OnePipe collects $4.8m investment
Nigeria-based OnePipe, which empowers companies to integrate financial services within their value chains, has reportedly raised NGN 2.25bn ($4.8m).
ImaliPay, Renda partner to support businesses in Africa
ImaliPay, a global FinTech-as-a-service provider, has teamed up with third party e-commerce fulfilment solution Renda.
Themis, Diligencia partner to combat fraud in Middle East and Africa
RegTech platform Themis has formed a strategic partnership with Diligencia, a provider to corporate data in the Middle East and Africa, to help combat fraud.
Cross Switch buys 50% stake in Morocco-based FinTech Vantage Payment Systems
Cross-border payments company Cross Switch has acquired a 50% stake in Vantage Payment Systems, a FinTech aiming to democratise payments in Morocco.
Yellow scores $5m loan to boost solar solutions access in Africa
Oikocredit, a social impact investor, has deployed a $5m loan into Yellow, a pay-as-you-go off-grid solar solutions and appliances provider.