African fintech M-Kopa secures $200m debt financing and $55m equity funding
The debt financing was led by Standard Bank Group and the equity round by Sumitomo Corporation.
Nigeria
The latest fintech news, resources and expert analysis in Nigeria by the leading intelligence provider for the worldwide fintech community.
Nigerian paytech Nomba raises $30m in pre-Series B round
The start-up will use the funding to expand in Nigeria and across other African markets.
Nigerian paytech VigiPay taps ThetaRay for Sonar AML solution
Sonar will help protect the growing business against sanctions violations and other types of financial crime.
Smile Identity acquires Appruve to expand across Africa
With the acquisition, Smile Identity aims to expand its reach across Ghana and francophone Africa.
Nigeria’s Access Bank partners MFS Africa for outward remittances
The partnership will enable people and businesses in Africa to receive real-time payments from Nigeria.
Nigerian fintech FairMoney acquires PayForce for undisclosed sum
FairMoney is looking to expand its offering to include features for merchants as well as retail customers.
Central Bank of Nigeria publishes open banking guidelines
The central bank had first begun work on the adoption of open banking in June 2017.
Business banking fintech Moniepoint names Pawel Swiatek COO
Swiatek joins Moniepoint from Capital One, where he served as managing vice president for over four years.
African ID verification platform Smile Identity nabs $20m Series B
The latest funding round brings Smile Identity’s total capital raised to date to $31 million.
Africa’s Flutterwave reportedly in bid to acquire British fintech Railsr
An insider reportedly told Sky News that there was “heavy competition for the asset”.
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”.
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.
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.
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.
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.
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.
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.
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”.
Remittance start-up SendSprint launches in UK in partnership with Flutterwave
Flutterwave will provide the infrastructure to enable SendSprint to process cross-border transactions.
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.
Flutterwave appoints former American Express exec as new CFO
Earlier as CFO of Kabbage, Bhambani helped lead its acquisition and integration within American Express.
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.
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.
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.
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.
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.
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.
Paytech Dash lands $32.8m seed round to unify Africa’s mobile money wallets
Dash is a unified payment network for the 1.3 billion Africans currently transacting digitally.
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.
Nigerian paytech Flutterwave lands $250m Series D round
Flutterwave says it has become the highest-valued African start-up with this investment.
Nigeria’s B2B e-commerce fintech TradeDepot raises $110m
The funds will support the delivery of BNPL services to five million SME retailers across Africa.
