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Africa’s adumo bags funding to consolidate recent acquisitions
Adumo, an independent payments processor, has raised R190m to further enhance its growth and expansion plans across Sub-Saharan Africa.
FinTechs use market alliances to offer leading savings products, research finds
Research by Investec has found FinTechs use partnerships with larger financial services companies to offer market-leading savings products to their clients.
Samsung Pay passed the two million transaction milestone in South Africa...
Mobile payment provider Samsung Pay has celebrated passing a significant milestone in Africa.
UK FinTech investor Outward hits first close for £75m-targeting debut fund
Investec-backed FinTech investor Outward Venture Capital has struck a first closed for its debut fund on about half its £75m target.
Banking Competition Remedies reveals 3 firms to receive grants
Banking Competition Remedies Ltd (BCR) has revealed the three firms to receive grants, which are worth a total of £80m, to support banking innovation.
Investec Emerging Companies launching $100m fund, alongside debut deal
Investec Emerging Companies is looking to raise $100m for a new investment fund focused on UK scale-up FinTech and enterprise software companies.
UK payments business Curve bags $10m Series A
UK-based payments company Curve has bagged $10m for its Series A funding round.
Seedcamp looking to invest around 15% of new fund into FinTech...
Pan-European seed investor Seedcamp has hit a £41m first close for its fourth fund, already making it more than double the size of its predecessor vehicle.