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.
Airtel Africa hopes to list the mobile money business as a separate entity.
The round was led by Matt Kalish of DraftKings and TBD Angels.
It raised a convertible loan from the MASSIF fund, which is run by FMO.
The undisclosed amount in pre-seed funding came from Australian venture capital firm TEN13.
The undisclosed amount of funding will help the paytech scale.
The funding round was led by Pan-African early-stage venture capital firm, TLcom Capital.
The start-up’s sweet-spot customers are entrepreneurs and micro-SMEs.
Defaults have more than tripled, according to KCB’s CEO.
The two firms plan to boost services in “key” African markets.
New legislation the latest attempt to stop unregulated lending.
Last year, Orient Bank reported a net loss equivalent to $284,374.
Ingressive averages $200,000 to $400,000 in individual investments.
The San Francisco-based start-up operates across seven African countries.
The bank has set a ‘challenge’ for start-ups on its ‘Fintech Bridge’ network.
The two firms will work on developing new products for the African payments platform.
Joint venture takes control of popular mobile money brand from Vodafone.
Jumia will help various African governments distribute masks to hospitals.
“If our systems fail, a big part of the economy would fail,” says exec.
Mansa X as the fund is known, returned an average 24% and closed at $3 million.
Thirty fintech start-ups from South Africa, Kenya, Nigeria, India and Mexico will get funding.
A gap remains for women, rural residents, & other underserved communities.
Zenka is challenging its competitors and courageously conquering the Kenyan lending industry.
The Kenyan bank is considering running Finserve Africa as a division.
A major deal for the African paytech sector.
DumaCard gives businesses in Africa access to new markets by enabling cross-border online payments.
Capital Markets Authority outlines its plans for innovation.
Bringing its new service to four countries.