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.
The debt financing was led by Standard Bank Group and the equity round by Sumitomo Corporation.
Uganda-based Housing Finance Bank will implement Flexcube from Oracle FS.
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The micro and small business-focused bank is looking to scale across East Africa.
FinTech Futures chats with Kim Walters, who led the building of Mojaloop’s software from the ground up.
Our weekly fintech round-up for you to get the latest funding news from the Middle East and Africa.
Global private equity fund Lightrock is investing $18.5 million in the financial inclusion player.
M-Kopa will use the new cash to grow its team and expand into additional countries.
The oversubscribed round was led by Africa-focused investment vehicle V8 Capital Partners.
Ghana-based Float and Uganda-based Asaak raise $17 million and $30 million, respectively.
The company will use the cash to expand into more emerging markets.
The extension brings Chipper Cash’s total funding to date to over $305 million.
Bank says the pandemic has caused a shift to digital payments across Africa.
Airtel Africa hopes to list the mobile money business as a separate entity.
The two firms plan to boost services in “key” African markets.
Last year, Orient Bank reported a net loss equivalent to $284,374.
The San Francisco-based start-up operates across seven African countries.
The start-up has issued 8.74% in equity to investors.
Jumia will help various African governments distribute masks to hospitals.
BankBi will use CMFG Ventures’ US credit union connections.
Clean energy and financial inclusion are coming together within an innovative social enterprise, BrightLife.
DumaCard gives businesses in Africa access to new markets by enabling cross-border online payments.
Bringing its new service to four countries.
Orient Bank in Uganda has selected Profile Software’s Acumen.