Tag: South Africa
Nigeria retains top spot in Africa for early stage FinTech investment...
Key African FinTech seed investment stats in 2023
• African FinTech seed deals totalled at 116 transactions in 2023, a 49% drop from 2022
• African...
Nigeria narrowly keeps top spot for FinTech hubs in Africa during...
Key FinTech investment stats in Africa during Q3 2023:
· African FinTech deal activity reached 51 transactions in Q3 2023, a 28% drop YoY
· African...
South Africa, Nigeria and Kenya battle for leading FinTech country in...
Key FinTech investment stats in Africa during Q3 2023:
• African FinTech deal activity reached 51 transactions in Q3 2023, a 28% drop YoY
• African...
Nigeria continues to dominate in Africa with 39% of FinTech deals...
Key African FinTech investment stats in H1 2023:
• African FinTech deal activity reached 133 deals in H1 2023, a 38% drop YoY
• African FinTech...
Yellow scores $5m loan to boost solar solutions access in Africa
Oikocredit, a social impact investor, has deployed a $5m loan into Yellow, a pay-as-you-go off-grid solar solutions and appliances provider.
Finclusion Group rebrands to bolster financial inclusion in Africa
Finclusion Group, which is boosting financial inclusion in Africa, has rebranded to Fin and closed a $2m equity round.
South Africa-based Moove raises funding to grow auto financing service
Moove, which stylises itself as the world’s first mobility FinTech company, has collected $20m in funding from Absa Corporate and Investment Banking.
South African FinTech Yellow nets $20m in debt financing
South Africa-based Yellow, which offers energy financing products to low-income households in Africa, has reportedly collected $20m in debt funding.
Africa-focused vehicle financing app Moove nabs fresh investment
Moove, an African mobility FinTech platform, has raised $10m in fresh financing from NBK Capital Partners
South Africa-based Lipa Payments raises fresh capital
Lipa Payments, a South African FinTech company, has raised R10m ($660,000) in fresh funding.