Africa fintech funding round-up: Pezesha, Duplo, SubsBase, Grey and Anchor
A handy round-up of the recent funding endeavours of fintech companies across Africa.
Africa
Barclays to sell remaining 7.4% stake in South Africa’s Absa
The offloading of 63,072,652 shares will raise approximately £538 million, Barclays says.
Pan-African banking group Ecobank launches fintech challenge
The challenge has a top cash prize worth $50,000 and is open to early- and late-stage fintech start-ups.
Egyptian BNPL firm valU acquires employee management fintech Paynas
Paynas provides employee management and payment services to MSMEs.
DPO Group co-founder and CEO Eran Feinstein retires
As Feinstein retires, Brandon Williamson has been appointed regional managing director for acquiring in South Africa.
Nigerian fintech TeamApt becomes QED’s first African investment
The new funds will help fuel TeamApt’s planned expansion across Africa in the coming months.
Klasha names former PayPal exec Ayman Jawhar as new CPO
Jawhar’s appointment follows the recent hiring of Nile Younis as Klasha’s new chief commercial officer.
Passive micro-investing app upnup launches in South Africa
The company says micro-investing is a good first step into the space, providing “investment on auto-pilot”.
South Africa’s TymeBank to acquire SME funding fintech Retail Capital
Retail Capital will form the foundation of an expanded business banking offering within TymeBank.
Umba acquires 66.6% stake in Kenyan microfinance lender Daraja
The Central Bank of Kenya says the deal will “support the stability of Kenya’s microfinance banking sector”.
African neobank 4G Capital goes live on Mambu’s cloud banking platform
The micro and small business-focused bank is looking to scale across East Africa.
BDCD in banking tech overhaul with BML Istisharat
BML’s ICBS core banking system will replace Sopra’s legacy solution at BDCD.
Remittance start-up SendSprint launches in UK in partnership with Flutterwave
Flutterwave will provide the infrastructure to enable SendSprint to process cross-border transactions.
Mojaloop: the open source software powering payments for the unbanked
FinTech Futures chats with Kim Walters, who led the building of Mojaloop’s software from the ground up.
Morocco’s Attijariwafa Bank partners Thunes for cross-border payments
The partnership will enable “nearly 30 million” Moroccan bank account owners to receive remittances.
UAE’s YAP secures $41m to support continued expansion
Start-up says the funding will support expansion into Saudi Arabia, Pakistan, Ghana and Egypt.
Bank of Mauritius in tech overhaul with Intellect Design Arena
Intellect Design Arena will implement its Intellect Quantum system at the central bank.
Nigerian fintech Moove lands $20m from British International Investment
BII is the new name of CDC Group, the UK government’s development finance institution.
Paytech Flutterwave hires Gurbhej Dhillon as new CTO
As CTO, Dhillon will be tasked with developing the fintech platform’s architecture and infrastructure.
Indian B2B e-commerce platform Solv raises $40m Series A
Solv says the funding will support its expansion throughout more than 300 cities across Africa and Southeast Asia.
Ghana’s Fido raises $30m Series A to broaden financial inclusion in Africa
Fido has now raised $38m to date and intends to use the fresh capital to launch new financial products in Ghana.
Arab Tunisian Bank live with Temenos’ core banking tech
ATB has migrated its retail and corporate banking business onto Temenos’ core banking system.
MFS Africa extends its Series C round to $200m
With the additional funding, the total Series C funding round stands at $200 million.
Flutterwave appoints former American Express exec as new CFO
Earlier as CFO of Kabbage, Bhambani helped lead its acquisition and integration within American Express.
US-based paytech GTP acquired by MFS Africa
Following a $100m funding round last year, MFS Africa acquires US-based paytech GTP.
ADCB Egypt partners Temenos to deliver digital payments
The deal will allow ADCB Egypt to adopt global payment standards such as ISO20022 and Swift GPI.
Mastercard partners HyperPay to boost digital payments across MENA
As part of the deal, Mastercard has also invested in HyperPay, leading a $40 million funding round.
ICYMI fintech funding round-up: CertifID, Bridgecard & Forward
A handy round-up of the recent funding endeavours of fintech companies across the globe.
LeapFrog and Tana Africa invest in Nigerian paytech Interswitch
LeapFrog and Tana will work with Interswitch to increase its customer base and develop new products.
Airwallex hires Pranav Sood to head up EMEA operations
Sood joins from GoCardless, where he was most recently vice president of small business.
Egyptian B2B paytech Paymob raises $50m Series B
The Series B round, the largest fintech Series B in Egypt, was led by Kora Capital, PayPal Ventures and Clay Point.
Oracle FS gains core banking tech clients in Europe and Africa
Oracle FS has landed new-name deals for its Flexcube core banking system in Portugal and Nigeria.
Capitec Bank taps nCino for business banking loan management upgrade
Capitec is South Africa’s largest digital bank, with more than 10 million customers.
MDI aims to become Egypt’s first fully digital bank
MDI aims to drive financial inclusion within Egypt.
Middle East and Africa fintech funding round-up: Zenda, Pemo, Afriex & Laboremus
Our weekly fintech round-up for you to get the latest funding news from the Middle East and Africa.
ICYMI fintech funding round-up: Union54, Themis & Sawa
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Nigerian digital bank Umba raises $15m Series A funding
Following the Series A, Umba has now raised a total of around $17.5 million to date.
FinTech Futures: Top five stories of the week – 15 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Winden, EximPe, Uplinq, ImaliPay & SwooshTransfer
Our weekly fintech round-up for you to get the latest funding news from around the world.
Nigerian fintech start-up Kippa launches digital payments offering for African SMEs
Kippa Payments is the second product launched by the start-up since it was founded in June 2021.
What are you not doing while you’re doing what you’re doing? The issue with bureaucracy is not inefficiency. Hier… twitter.com/i/web/status/1…
.@CarbonPlace lands $45m seed funding, names new CEO UK-based carbon credit transaction network Carbonplace has ra… twitter.com/i/web/status/1…
.@FNZ_Group to acquire #Luxembourg-based #B2B fund platform Ifsam Global #wealthmanagement platform FNZ is set to… twitter.com/i/web/status/1…
#SME #lender @MerchantMoneyUK scores £115m in funding The funding will be used to grow Merchant Money’s #lending b… twitter.com/i/web/status/1…
Just over 1 week left... The countdown has begun...there's just over one week left to enter the… twitter.com/i/web/status/1…
Have you listened to our latest episode of What the FinTech? #podcast? In this episode, we’re joined by… twitter.com/i/web/status/1…
.@nokia aligns growth and financing strategy with #ESG targets Finnish telecoms firm Nokia has launched its ‘Susta… twitter.com/i/web/status/1…
.@thebankoflondon bags $40m in Series C extension The funding round was co-led by Mangrove Capital Partners and 14… twitter.com/i/web/status/1…