Tag: South Africa

South Africa-based FinTech company Stitch, a provider of full-stack payments infrastructure, has raised $55m in a Series B funding round. According to TechBuild Africa, the...

In December 2024, the South African Treasury published the draft AML and CTF Amendment Bill, which is now open for public comment.

UsPlus, a South Africa-based financial services firm specialising in working capital solutions for small to medium-sized enterprises (SMEs), has secured a $2m mezzanine investment from Verdant Capital Hybrid Fund.

Neem, a leading embedded finance platform based in Pakistan, has recently enhanced its financial capabilities through a new $4m credit facility provided by DNI Group, a global investment firm active in 32 countries and a continuing investor in Neem.

Sage Intacct is enhancing its position in the global market with significant upgrades to its accounting and financial management software, particularly with the expansion of its AI-driven AP Automation.

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, 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, 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.

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...

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