South African BaaS platform Jumo raises $120m in funding
The company will use the cash to expand into more emerging markets.
Tanzania
Chipper Cash lands unicorn status with $150m Series C extension
The extension brings Chipper Cash’s total funding to date to over $305 million.
Standard Bank partners Flutterwave to boost digital financial services in Africa
Bank says the pandemic has caused a shift to digital payments across Africa.
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.
Oracle gains new Flexcube deals in Middle East and Africa
Technology vendor signs a selection of new clients.
Standard Chartered and Airtel Africa sign financial inclusion partnership
The two firms plan to boost services in “key” African markets.
P2P payments app Chipper Cash lands $13.8m
The San Francisco-based start-up operates across seven African countries.
Vodacom and Safaricom finalise M-Pesa acquisition
Joint venture takes control of popular mobile money brand from Vodafone.
Jumia to close Rwandan business
It comes just weeks after it exited Cameroon and Tanzania.
CMFG Ventures hands BankBI Series A investment to tap US market
BankBi will use CMFG Ventures’ US credit union connections.
DPO Group launches Africa’s first B2B virtual and prepaid payment card
DumaCard gives businesses in Africa access to new markets by enabling cross-border online payments.
People’s Bank of Zanzibar goes live with ICSFS core system
State-owned bank made its selection in late 2016.
Standard Chartered launches African digital banking phase two
Bringing its new service to four countries.
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