Tag: Africa

Earnipay, which provides on-demand salary services, has reportedly raised $4m in seed funding.

Stitch, a South African API FinTech developer, has reportedly raised $21m in Series A funding round.

The African Development Fund (ADF) and the Malawian government have signed a grant agreement to make Malawi digital payment system more efficient and transparent.

African FinTech Investment surpasses $2bn in 2021 for the first time

Ghana-based FinTech company Float, which helps SMEs manage cashflow, has reportedly collected $17m in its seed round.

Nigerian B2B payments platform Duplo has raised $4.3m in its seed round, which was supplied by a coalition of investors and angels.

TradeDepot, a B2B e-commerce and embedded finance platform in Africa, has scored $110m in a funding found comprised of debt and equity.

VentureSouq, a venture capital firm based in Dubai, has closed its MENA FinTech Fund I on $50m, which marks the first fund of its type in the region.

Asilimia, which is building digital infrastructure to connect African MSMEs to the financial economy, has collected $2m in funding to support its growth.

Aboki Africa, which aims to simplify the currency exchange process, has closed its pre-seed funding round.