Tag: South Africa

Orca secures €550K to combat fraud in emerging markets

Orca, a startup based in South Africa dedicated to combating fraud in emerging markets, has successfully raised €550K in an oversubscribed pre-seed funding round,...

NMI launches new office in South Africa to expand its global...

NMI, a global leader in embedded payments, is bolstering its support operations with the launch of a new office in Cape Town, South Africa.

Apis Growth Fund I celebrates successful exit from PayTech Adumo

Apis Growth Fund I, a private equity fund managed by Apis Partners, a UK-based asset manager, will have fully exited its position in South African merchant acquirer Adumo following Adumo’s acquisition by South African FinTech Lesaka Technologies, announced yesterday.

African InsurTech deal activity sees slight uptick in 2023, contrary to...

Key African InsurTech investment stats in 2023: • African InsurTech companies raised a combined $30.4m in 2023, a 53% reduction from 2022 • African InsurTech deal...

Nigeria retains top spot in Africa for early stage FinTech investment...

Key African FinTech seed investment stats in 2023 • African FinTech seed deals totalled at 116 transactions in 2023, a 49% drop from 2022 • African...

Nigeria narrowly keeps top spot for FinTech hubs in Africa during...

Key FinTech investment stats in Africa during Q3 2023: · African FinTech deal activity reached 51 transactions in Q3 2023, a 28% drop YoY · African...

South Africa, Nigeria and Kenya battle for leading FinTech country in...

Key FinTech investment stats in Africa during Q3 2023: • African FinTech deal activity reached 51 transactions in Q3 2023, a 28% drop YoY • African...

Nigeria continues to dominate in Africa with 39% of FinTech deals...

Key African FinTech investment stats in H1 2023: • African FinTech deal activity reached 133 deals in H1 2023, a 38% drop YoY • African FinTech...

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.

Finclusion Group rebrands to bolster financial inclusion in Africa

Finclusion Group, which is boosting financial inclusion in Africa, has rebranded to Fin and closed a $2m equity round.

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