Africa

Finnovex Southern Africa – 27th and 28th July 2021

The event, being organised by Exibex, will be held virtually.

International Bank of Somalia partners Visa to launch card payment service

The partnership will enable cashless payments in the country.

Absa searching for new chief security officer as Bucchianeri says goodbye

The South African banking group is also looking for a new CIO.

Nigerian fintech FairMoney lands $42m Series B round

The start-up plans to “double down on growth in Nigeria and India”.

Ghana International Bank selects Backbase to drive digital transformation

The Dutch fintech will act as the core strategic partner for the bank’s digital operations.

clearscore

ClearScore lands $200m investment from Invus

The UK fintech is looking to accelerate its global expansion.

Oracle wins Flexcube deal with Ethiopia’s first Islamic bank

ZamZam Bank has selected Flexcube to run its core banking ops.

Standard Bank extends Microsoft partnership to boost cloud migration

The South African bank renews a 30-year deal with the US tech giant.

Telkom launches Africa’s first virtual card for transacting on WhatsApp

Telkom Pay users can now use WhatsApp to pay any merchant that accepts Mastercard.

Mauritius Commercial Bank adopts Mitech trade finance tech

Commercial bank to deploy its new platform on the cloud.

Chipper Cash Mockup

Chipper Cash raises $100m in SVB-led Series C round

Africa-focused P2P firm claims to be the continent’s most valuable start-up

Barclays hires Standard Chartered’s Demery to support fintech clients

Demery takes over fintech partnerships in Europe, the Middle East and Africa.

Thunes adds $60m to Series B round focused on network expansion

Singaporean cross-border payments firm has raised $130m in total.

Vodacom launches “super app” in South Africa with Alibaba’s help

“We see this super-app as a precursor to M-Pesa’s evolution,” says CEO.

Safaricom mulls M-Pesa partnership with Amazon

A wider partnership with Amazon “is important”, says CEO.

Curo Fund Services goes live on Temenos accounting platform

South African insurance processor finishes first phase migration of five systems.

Vista Bank Group selects Radar Payments to power pan-African processing

African challenger bank selects BPC company to underpin payments.

AZA Finance acquires Exchange4Free to become largest non-bank FX firm in Africa

Trading firm says it can double its transaction volume to $2.5 billion by 2021.

Nedbank and Mastercard launch WhatsApp payments with Money Message

South African bank aims to provide easy payments to small businesses.

FIS expands payment processing in Malaysia, South Africa and Nigeria

“Emerging markets across Southeast Asia and Africa present fresh opportunities”.

Path Solutions gains first Ethiopian client in Bank of Abyssinia

Bank of Abyssinia has over 4.6 million customers and 580+ branches and Islamic windows.

Nigerian fintech Appzone lands $10m for pan-African digital core banking solution

The Series A round was led by CardinalStone Capital Advisers.

Egyptian fintech Paymob lands country a record $18.5m Series A

The Series A followed a $350,000 seed raise in 2019.

WorldRemit founder Ismail Ahmed launches $500m Somaliland fund

WorldRemit’s first market was Somaliland.

Airtel Africa sells 25% stake in mobile money arm to Mastercard for $100m

Airtel Africa hopes to list the mobile money business as a separate entity.

Nigerian challenger Kuda Bank raises $25m in Series A funding

Neobank nabs more funding just four months after last round.

ICYMI funding round: Fondeadora, SEON, Lendo, Nomanini & more

Plenty of funding rounds may have slipped you by this week.

Fintech funding deals globally 8-14 March 2021

Featuring Stripe, Starling, BlockFi, Cedar, and Flutterwave.

South African fintech Adumo lands $15m from World Bank member

Adumo helps businesses move from cash transactions to digital payments.

Crédit du Maroc in core banking and payments tech overhaul with Temenos

Crédit du Maroc will implement Temenos Transact and Temenos Payments.

Somalian Flag

Idman Community Bank opts for BML Istisharat’s ICBS core banking system

The bank was looking for “a proven banking solution to be implemented by a reliable vendor”.

MFS Africa invests in London with all-new executive team

“London has taken up the mantle of fintech advocate and champion.”

Nigerian fintech Flutterwave lands unicorn status with $170m Series C

It is one of the few African start-ups to have secured more than $200 million in funding.

Suez Canal Bank extends Temenos partnership with Infinity deal

The bank is an existing user of Temenos’ core banking platform.

International cash transfer app Rewire lands $20m led by OurCrowd

Jerry Yang, former Yahoo! CEO and director at Alibaba, also invested.

FinTech Futures Industry Survey & Report 2021

A deep-dive into the trends defining 2021 and beyond, based on a comprehensive survey of the industry.

Dear Luc: Your most pressing fintech problems solved

In Dear Luc, we answer the questions the industry’s fintech founders are too embarrassed to ask.

Kenyan start-up Powered by People raises $1.5m seed funding

The round was led by Matt Kalish of DraftKings and TBD Angels.

South African paytech Nomanini obtains debt funding

It raised a convertible loan from the MASSIF fund, which is run by FMO.

ImaliPay raises undisclosed amount in pre-seed funding

The undisclosed amount in pre-seed funding came from Australian venture capital firm TEN13.

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