BDCD in banking tech overhaul with BML Istisharat
BML’s ICBS core banking system will replace Sopra’s legacy solution at BDCD.
Africa
Remittance start-up SendSprint launches in UK in partnership with Flutterwave
Flutterwave will provide the infrastructure to enable SendSprint to process cross-border transactions.
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.
Morocco’s Attijariwafa Bank partners Thunes for cross-border payments
The partnership will enable “nearly 30 million” Moroccan bank account owners to receive remittances.
UAE’s YAP secures $41m to support continued expansion
Start-up says the funding will support expansion into Saudi Arabia, Pakistan, Ghana and Egypt.
Bank of Mauritius in tech overhaul with Intellect Design Arena
Intellect Design Arena will implement its Intellect Quantum system at the central bank.
Nigerian fintech Moove lands $20m from British International Investment
BII is the new name of CDC Group, the UK government’s development finance institution.
Paytech Flutterwave hires Gurbhej Dhillon as new CTO
As CTO, Dhillon will be tasked with developing the fintech platform’s architecture and infrastructure.
Indian B2B e-commerce platform Solv raises $40m Series A
Solv says the funding will support its expansion throughout more than 300 cities across Africa and Southeast Asia.
Ghana’s Fido raises $30m Series A to broaden financial inclusion in Africa
Fido has now raised $38m to date and intends to use the fresh capital to launch new financial products in Ghana.
Arab Tunisian Bank live with Temenos’ core banking tech
ATB has migrated its retail and corporate banking business onto Temenos’ core banking system.
MFS Africa extends its Series C round to $200m
With the additional funding, the total Series C funding round stands at $200 million.
Flutterwave appoints former American Express exec as new CFO
Earlier as CFO of Kabbage, Bhambani helped lead its acquisition and integration within American Express.
US-based paytech GTP acquired by MFS Africa
Following a $100m funding round last year, MFS Africa acquires US-based paytech GTP.
ADCB Egypt partners Temenos to deliver digital payments
The deal will allow ADCB Egypt to adopt global payment standards such as ISO20022 and Swift GPI.
Mastercard partners HyperPay to boost digital payments across MENA
As part of the deal, Mastercard has also invested in HyperPay, leading a $40 million funding round.
ICYMI fintech funding round-up: CertifID, Bridgecard & Forward
A handy round-up of the recent funding endeavours of fintech companies across the globe.
LeapFrog and Tana Africa invest in Nigerian paytech Interswitch
LeapFrog and Tana will work with Interswitch to increase its customer base and develop new products.
Airwallex hires Pranav Sood to head up EMEA operations
Sood joins from GoCardless, where he was most recently vice president of small business.
Egyptian B2B paytech Paymob raises $50m Series B
The Series B round, the largest fintech Series B in Egypt, was led by Kora Capital, PayPal Ventures and Clay Point.
Oracle FS gains core banking tech clients in Europe and Africa
Oracle FS has landed new-name deals for its Flexcube core banking system in Portugal and Nigeria.
Capitec Bank taps nCino for business banking loan management upgrade
Capitec is South Africa’s largest digital bank, with more than 10 million customers.
MDI aims to become Egypt’s first fully digital bank
MDI aims to drive financial inclusion within Egypt.
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.
ICYMI fintech funding round-up: Union54, Themis & Sawa
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Nigerian digital bank Umba raises $15m Series A funding
Following the Series A, Umba has now raised a total of around $17.5 million to date.
FinTech Futures: Top five stories of the week – 15 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Winden, EximPe, Uplinq, ImaliPay & SwooshTransfer
Our weekly fintech round-up for you to get the latest funding news from around the world.
Nigerian fintech start-up Kippa launches digital payments offering for African SMEs
Kippa Payments is the second product launched by the start-up since it was founded in June 2021.
RegTech Africa Conference looks to drive growth and shape the digital economy
The annual RegTech Africa Conference is being held on 25 and 26 May 2022.
Egyptian super-app Khazna secures $38m Series A round
Khazna has now raised a total of $47 million to date.
Apollo Fintech taps ThetaRay for Sonar AML monitoring tech
Apollo Fintech will deploy Sonar on its new bank-to-bank payments service Knox Wire.
Egyptian credit fintech Lucky raises $25m Series A
The cash will go towards cementing Lucky’s position in the market and building out its credit offering.
Oracle FS gains first core banking client in Tunisia, UBCI
Union Bancaire pour le Commerce et l’Industrie (UBCI) will implement the Flexcube core banking system.
Finovate Europe 2022: fintech investment trends – where’s the smart money going?
Investment professionals from Citi Ventures, Albion VC and Finch Capital discussed the ‘next big thing’ in fintech.
African neobank 4G Capital completes Series C round
Global private equity fund Lightrock is investing $18.5 million in the financial inclusion player.
ICYMI fintech funding round-up: Payrails, Nexta, Malaa Technologies, & Playter
Our weekly fintech round-up for you to get the latest funding news from around the world.
Nigerian mobility fintech Moove raises $105m to expand to Asia and MENA
Money will be used to expand Moove to seven new markets across Asia and MENA over the next six months.
Mauritius Commercial Bank in digital modernisation drive with Mobiquity
Mobiquity is helping MCB to create “a banking lifestyle app” for the bank’s one million customers.
Fintech start-up Chari acquires Axa Credit in Morocco for $22m
The acquisition will enable Chari to launch buy now, pay later (BNPL) services.
