Home Tags Africa
Nigeria-based Fundall, a mobile banking platform, has closed its pre-seed funding round on $150,000 to support its launch.
FinTech in Africa is not improving a traditional financial ecosystem, it is creating one. It is estimated that around 66% of the adult population on the continent is unbanked, but the time for change is now and FinTech is the way to do that.
The problems don't seem to be over for Nigerian electronic payments provider eTranzact after it reported it incurred a loss of $306,623 in the second quarter, wiping away the recovery it had enjoyed after a 2018 fraud scandal.
InsurTech BIMA has raised $30m in a new round with the goal of using the money to drive mass adoption of digital health and InsurTech solutions in emerging markets.
British multinational bank Standard Chartered has inked a deal with telecom company Airtel Africa to boost financial inclusion across Africa.
Group lending app ElGameya has reportedly bagged six-figure pre-seed investment from an angel syndicate.
The lack of established financial infrastructure in Africa offers considerable opportunity for FinTech and Rwanda is positioned nicely for this opportunity, according to Steven...
Ugandan neobank Eversend has reportedly closed an oversubscribed crowdfunding campaign on Seedrs.
South African challenger banks TymeBank and Discovery Bank has reportedly thrived during the country's coronavirus lockdown.