Egyptian credit fintech Lucky raises $25m Series A
The cash will go towards cementing Lucky’s position in the market and building out its credit offering.
Africa
Oracle FS gains first core banking client in Tunisia, UBCI
Union Bancaire pour le Commerce et l’Industrie (UBCI) will implement the Flexcube core banking system.
Finovate Europe 2022: fintech investment trends – where’s the smart money going?
Investment professionals from Citi Ventures, Albion VC and Finch Capital discussed the ‘next big thing’ in fintech.
African neobank 4G Capital completes Series C round
Global private equity fund Lightrock is investing $18.5 million in the financial inclusion player.
ICYMI fintech funding round-up: Payrails, Nexta, Malaa Technologies, & Playter
Our weekly fintech round-up for you to get the latest funding news from around the world.
Nigerian mobility fintech Moove raises $105m to expand to Asia and MENA
Money will be used to expand Moove to seven new markets across Asia and MENA over the next six months.
Mauritius Commercial Bank in digital modernisation drive with Mobiquity
Mobiquity is helping MCB to create “a banking lifestyle app” for the bank’s one million customers.
Fintech start-up Chari acquires Axa Credit in Morocco for $22m
The acquisition will enable Chari to launch buy now, pay later (BNPL) services.
Paytech Dash lands $32.8m seed round to unify Africa’s mobile money wallets
Dash is a unified payment network for the 1.3 billion Africans currently transacting digitally.
African asset financing platform M-Kopa raises $75m in funding
M-Kopa will use the new cash to grow its team and expand into additional countries.
South African banking heavyweight Capitec appoints CTO, Andrew Baker
Andrew Baker had a lengthy tech career at Barclays Africa and its successor, Absa.
Chat commerce platform Clickatell raises $91m Series C to boost expansion plans
Clickatell says chat is the largest digital platform in the world, with 7.7 billion users.
Kenyan start-up MarketForce lands $40m Series A funding
The oversubscribed round was led by Africa-focused investment vehicle V8 Capital Partners.
Nigerian paytech Flutterwave lands $250m Series D round
Flutterwave says it has become the highest-valued African start-up with this investment.
Qatari financial management app Karty set to launch in MEA region
Karty allows users to spend, save and manage their money.
African fintech start-up Stitch lands $21m Series A round
Stitch will use the cash to expand its team, launch new products and enter new markets on the continent.
Oracle FS lands two core banking tech clients in Libya
Daman Islamic Bank (DIB) and Mediterranean Bank have signed for the Flexcube core banking system.
Garden of Eden: how Africa’s digital transformation promises to boost the continent
Demographics, technology and opportunity have set the stage for Africa to become a global fintech powerhouse.
African fintechs Finclusion and Lipa Later raise pre-Series A funding
Finclusion has landed $20 million and Lipa Later has secured $12 million.
African fintech start-ups Float and Asaak gain funding
Ghana-based Float and Uganda-based Asaak raise $17 million and $30 million, respectively.
Pan-African Payment and Settlement System goes live
PAPSS will save Africa more than $5 billion in payment transaction costs every year.
South African challenger bank Tyme completes $180m Series B with Tencent investment
The investment from Tencent and UK development finance institution CDC brought in an additional $70 million.
MTN hires Hermann Tischendorf as CTIO for digital and fintech
Tischendorf joins from 4Finance Group, where he served as CTO.
Nigeria’s B2B e-commerce fintech TradeDepot raises $110m
The funds will support the delivery of BNPL services to five million SME retailers across Africa.
Shinhan Bank readies stablecoin remittance PoC on Hedera network
This is the latest in a number of distributed ledger innovations by the South Korean bank.
Finnovex West Africa: A timely discourse on leveraging technologies for accelerated financial inclusion
The Finnovex West Africa summit took place between 26 – 27 October 2021.
Inequality, climate change and economic recovery: how can Africa overcome this triple threat?
Banks should look to make commitments around sustainable finance to drive much-needed change.
Siinqee Bank signs for new banking tech from Oracle FS
Ethiopia-based Siinqee Bank has signed for the Flexcube core banking system from Oracle FS.
South African e-payments platform Ozow lands $48m in Series B funding
The paytech says cash will help deepen financial inclusion on the African continent.
MFS Africa raises $100 million in Series C funding to boost digital drive
Payment gateway company looks to increase its exposure across Africa.
Citi to take $1.5bn charge shuttering South Korean retail banking business
The charge related to the closure will affect the bank’s operations through the rest of 2021 and 2022.
South African BaaS platform Jumo raises $120m in funding
The company will use the cash to expand into more emerging markets.
Chipper Cash lands unicorn status with $150m Series C extension
The extension brings Chipper Cash’s total funding to date to over $305 million.
Egypt’s MIDBANK picks Temenos for digital banking revamp
Temenos’ Transact and Infinity products will replace the bank’s legacy systems.
Standard Bank partners Flutterwave to boost digital financial services in Africa
Bank says the pandemic has caused a shift to digital payments across Africa.
Nigerian central bank launches eNaira CBDC
Central bank claims CBDC will boost financial inclusion in the continent’s most populous nation.
Accelerating financial inclusion in the era of digitisation
Finnovex West Africa takes place virtually between 26-27 October 2021.
Sibos 2021: Africa has world’s best demographics for financial services, says Standard Bank CEO
Investment and connectivity have created “vast opportunities”, says Sim Tshabalala.
New fintech Z-Walet plans Egyptian launch targeting Gen Z
Founded in 2020, the firm is still at the waiting list stage.
Bahrain’s Bank ABC taps Fenergo for client management solution
Bank ABC operates across the Middle East, North Africa, Europe, the Americas and Asia.
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