Posts Tagged ‘Africa’

Africa’s fintech startups are innovating out of need and global investors are backing them

A primary reason fintech startups remain prominent on investors’ radar is the sheer necessity of the work they do in plugging gaps in financial services in Africa. While in more developed economies, fintech startups focus on disrupting the already existing banking industry, in Africa, they are typically building technical infrastructure and systems from scratch. The fundamental […]

SA fintech JUMO closes $52m round led by Goldman Sachs

SA fintech JUMO announced the close of an equity funding round of $52-million led by Goldman Sachs. Also participating in the round were Proparco, the private sector financing arm of the French Development Agency, Finnfund, Vostok Emerging Finance, Gemcorp Capital, and LeapFrog Investments. The startup’s platform helps facilitates digital financial services such as credit and savings in […]

Lagos to host Biannual Africa Fintech Summit for the first time in November

The Africa Fintech Summit will be held for the first time in Lagos, Nigeria, on November 8-9, 2018. The Summit, organized by Dedalus Global, gathers innovators, investors, policy makers and other key stakeholders in the Fintech sector to discuss technologies transforming finance on the continent, debate regulatory policies, compare best practices, and forge new ventures. The two-day event […]

Nigerian fintech startup Mines plans expansion after $13m funding round

Nigerian fintech startup Mines provides a Credit-as-a-Service digital platform that enables institutions such as banks, telecoms and retailers in emerging markets to offer credit products to their customers, with no smartphones required. Mines products have already been used by over one million customers since its launch, and the startup is the leading provider of consumer […]

Temenos and AUC Venture Lab team up to accelerate fintech innovation in Egypt

The Venture lab at The American University in Cairo, university-based startup accelerator in Africa and the MENA region, and Temenos, the banking software company, have announced their intention to collaborate and strengthen the fintech ecosystem in Cairo. A key aspect of the collaboration will see Temenos provide a sandbox service to the startups utilizing the accelerator. […]

Ecobank Announces Finalists of the Ecobank Fintech Challenge 2018

Ecobank, an independent pan-African banking group, has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups. The list includes eleven fintech start-ups from across the continent and beyond: Lypa (Kenya) (Nigeria) Nala (Tanzania) Litee (Benin) SESO Global (South Africa) InvestED (Sierra Leone) Eversend (France) Secapay […]

Startups invited to Finnovation event in Ethiopia

African fintech startups have been invited to attend and pitch at the second annual Finnovation Ethiopia event in Addis Ababa on November 1. The second Ethiopian event, to be held at Radisson Blu Addis Ababa, will feature more than 300 participants, providing a platform for all stakeholders to engage in creating the future of financial services […]

South Africa’s richest startup programme is looking for fintech entrepreneurs

AlphaCode, an incubation, acceleration and investment vehicle for early-stage financial services businesses powered by Rand Merchant Investment Holdings (RMI) is looking for businesses or ideas that could change the face of financial services.  The AlphaCode Incubate programme seeks to identify and reward high potential, innovative entrepreneurs to boost the development of fintech and financial services […]

Binance Partners With Ugandan Blockchain Startup

Binance — the world’s largest crypto exchange platform — has partnered with Ugandan blockchain technology startup, Crypto Savannah. Binance is a large company with a daily trading volume of USD 2 billion and this new partnership with Crypto Savannah will be a major boost to the developing country. Blockchain is a new technology which will not […]