Tag: Africa

Kuda Bank, an African challenger bank, has reportedly raised $10m in its seed round.

Having successfully weathered the pandemic, DIFC is now gearing up to support FinTech companies in Dubai even more.

4G Capital, a neobank designed for the whole of Africa, has reportedly partnered with Citi to support the growth of micro-enterprises in Kenya.

Nigeria-based Fundall, a mobile banking platform, has closed its pre-seed funding round on $150,000 to support its launch.

South African FinTech Franc has so far raised $300,000 in an ongoing seed funding round to fund its efforts to simplify the world of investment.

Seven out of ten people in Zambia do not have access to formal financial services, but Lupiya hopes to change that on the back of a new $1m investment from Enygma Ventures.

FinTech in Africa is not improving a traditional financial ecosystem, it is creating one. It is estimated that around 66% of the adult population on the continent is unbanked, but the time for change is now and FinTech is the way to do that.

The problems don't seem to be over for Nigerian electronic payments provider eTranzact after it reported it incurred a loss of $306,623 in the second quarter, wiping away the recovery it had enjoyed after a 2018 fraud scandal.

InsurTech BIMA has raised $30m in a new round with the goal of using the money to drive mass adoption of digital health and InsurTech solutions in emerging markets.

British multinational bank Standard Chartered has inked a deal with telecom company Airtel Africa to boost financial inclusion across Africa.