Uganda

4G Capital

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.

Kim Walters, lead engineer of the Mojaloop project

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.

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.

4G Capital

African neobank 4G Capital completes Series C round

Global private equity fund Lightrock is investing $18.5 million in the financial inclusion player.

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.

Kenyan start-up MarketForce lands $40m Series A funding

The oversubscribed round was led by Africa-focused investment vehicle V8 Capital Partners.

African fintech start-ups Float and Asaak gain funding

Ghana-based Float and Uganda-based Asaak raise $17 million and $30 million, respectively.

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.

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.

Standard Chartered and Airtel Africa sign financial inclusion partnership

The two firms plan to boost services in “key” African markets.

Kenyan lender I&M to become majority owner of Uganda’s Orient Bank

Last year, Orient Bank reported a net loss equivalent to $284,374.

P2P payments app Chipper Cash lands $13.8m

The San Francisco-based start-up operates across seven African countries.

Ugandan multi-currency wallet Eversend crowdfunds $706,000

The start-up has issued 8.74% in equity to investors.

Jumia steps in to assist Africa amid rising coronavirus numbers

Jumia will help various African governments distribute masks to hospitals.

CMFG Ventures hands BankBI Series A investment to tap US market

BankBi will use CMFG Ventures’ US credit union connections.

Uganda hoping to Prosper with clean energy initiative

Clean energy and financial inclusion are coming together within an innovative social enterprise, BrightLife.

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.

Standard Chartered launches African digital banking phase two

Bringing its new service to four countries.

Ugandan Orient Bank taps Profile Software for treasury management

Orient Bank in Uganda has selected Profile Software’s Acumen.