Tag: Africa

M-KOPA has raised over $250m in new debt and equity funding to expand its offering to underbanked consumers in Sub-Saharan Africa.

Nomba, a payment services provider aimed at African businesses, has raised $30m for its pre-Series B funding round.

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 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.

Payday, a pan-African neobank issuing global accounts to Africans, has scored $3m in a seed funding round headed by Moniepoint.

Nigeria-based OnePipe, which empowers companies to integrate financial services within their value chains, has reportedly raised NGN 2.25bn ($4.8m).

ImaliPay, a global FinTech-as-a-service provider, has teamed up with third party e-commerce fulfilment solution Renda.

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-border payments company Cross Switch has acquired a 50% stake in Vantage Payment Systems, a FinTech aiming to democratise payments in Morocco.

Oikocredit, a social impact investor, has deployed a $5m loan into Yellow, a pay-as-you-go off-grid solar solutions and appliances provider.