ICYMI fintech funding round-up: Buckzy, FrankieOne and Ejara
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Africa
Kenya’s DeltaPay taps Provenir for data and risk decisioning platform
DeltaPay leverages alternative data to expand financial access to affordable consumer credit.
Kuda launches in the UK with tell.money’s open banking compliance tech
Kuda says its UK launch “is the first step in its global expansion to serve overseas based Nigerians”.
Egypt’s Banque Misr lands $160m from the African Development Bank to finance SMEs
The loan consists of a $130m credit facility and $30m from the Africa Growing Together Fund (AGTF).
Egyptian consumer credit start-up Blnk lands $32m in funding
Blnk’s lending platform enables merchants to underwrite and finance customers’ purchases at the point of sale.
ICYMI fintech funding round-up: Ping, Agent IQ, Atlar and more
A handy round-up of this week’s fintech funding news from around the world.
North African super-app Yassir lands $150m to fuel expansion
The new funding brings the total capital raised by Yassir to around $193 million since launch.
Lendtech Ezra appoints Erwan Gelebart as new CEO
Gelebart has spent the past 14 years working for digital financial services firms across Africa and Asia.
RMB Nigeria names Dalu Ajene as new CEO
In his new role, Ajene has been tasked with facilitating greater foreign capital flows.
Egyptian fintech Money Fellows lands $31m Series B funding
The new funds will be put towards product development and international expansion across Africa and Asia.
Africa’s Cellulant partners Mastercard for online e-commerce payments
Cellulant’s customers can now pay online wherever Mastercard is accepted via the Tingg wallet.
Housing Finance Bank in core banking tech overhaul
Uganda-based Housing Finance Bank will implement Flexcube from Oracle FS.
Egyptian fintech Telda lands $20m seed funding
The round was led by Global Founders Capital with participation from Sequoia Capital and Block.
UBCI revamps corporate banking tech with Finastra and Tesselate
Union Bancaire pour le Commerce et l’Industrie (UBCI) modernises trade and cash management tech.
UBCI modernises treasury management ops with Profile Software
Tunisia-based Union Bancaire pour le Commerce et I’Industrie (UBCI) has implemented Profile’s Acumen.plus.
ICYMI fintech funding round-up: Ayoconnect and Tugende
The ICYMI round-up brings to you the latest funding news from around the world, every week.
Prudential and Google Cloud team for health and financial inclusion in Asia and Africa
Prudential will leverage Google Cloud for its flagship health and wealth platform, Pulse.
MFS Africa implements ThetaRay’s solution to detect financial crimes
ThetaRay says its Sonar solution helps to “effectively identify truly suspicious cases”.
Middle East and Africa fintech funding round-up: Julaya, erad, SecondSTAX and Exits.me
A round-up of the recent funding endeavours of fintech companies across the Middle East and Africa.
FairMoney taps banking tech vendor Oradian to power next growth phase
Oradian’s account, finance and investment offerings are tailored to the needs of rapidly developing markets.
African crypto exchange Yellow Card lands $40m Series B
The new funding brings the total capital raised by Yellow Card to $57 million.
ICYMI fintech funding round-up: Kippa, Payall, Trek Health and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Central Bank of Egypt in treasury management system overhaul with Profile Software
CBE, Egypt’s central bank and monetary authority, will implement Profile’s Acumen.plus treasury management system.
US fintech Bankjoy appoints Michael Carroll as its new CTO
Carroll will oversee the development of technology, supporting Bankjoy’s digital service ecosystem.
ICYMI fintech funding round-up: R2, NowNow and Hive Wealth
Our weekly fintech round-up for you to get the latest funding news from around the world.
Nigerian fintech Arca taps ThetaRay for AI-powered AML solution
Arca is the first Nigerian fintech to utilise ThetaRay’s Sonar solution.
Mambu core banking tech underpins new African bank, Carbon Finance
Nigeria’s Carbon Finance is now a full-service bank with pan-African aspirations.
African challenger Kuda cuts 5% of workforce
Kuda says cuts were made across growth, marketing and product departments in the company.
Momentum Metropolitan taps Duco for no-code data automation solution
Momentum went live with Duco’s platform as part of a wider data automation strategy.
Africa fintech funding round-up: Pezesha, Duplo, SubsBase, Grey and Anchor
A handy round-up of the recent funding endeavours of fintech companies across Africa.
Barclays to sell remaining 7.4% stake in South Africa’s Absa
The offloading of 63,072,652 shares will raise approximately £538 million, Barclays says.
Pan-African banking group Ecobank launches fintech challenge
The challenge has a top cash prize worth $50,000 and is open to early- and late-stage fintech start-ups.
Egyptian BNPL firm valU acquires employee management fintech Paynas
Paynas provides employee management and payment services to MSMEs.
DPO Group co-founder and CEO Eran Feinstein retires
As Feinstein retires, Brandon Williamson has been appointed regional managing director for acquiring in South Africa.
Nigerian fintech TeamApt becomes QED’s first African investment
The new funds will help fuel TeamApt’s planned expansion across Africa in the coming months.
Klasha names former PayPal exec Ayman Jawhar as new CPO
Jawhar’s appointment follows the recent hiring of Nile Younis as Klasha’s new chief commercial officer.
Passive micro-investing app upnup launches in South Africa
The company says micro-investing is a good first step into the space, providing “investment on auto-pilot”.
South Africa’s TymeBank to acquire SME funding fintech Retail Capital
Retail Capital will form the foundation of an expanded business banking offering within TymeBank.
Umba acquires 66.6% stake in Kenyan microfinance lender Daraja
The Central Bank of Kenya says the deal will “support the stability of Kenya’s microfinance banking sector”.
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.
