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Fintech Startups Africa

MFS Africa Raises $100-Million in Series C Funding

MFS Africa, one of Africa’s largest digital payments networks, has raised $100-million through an equity and debt financing round. The fundraising marks another milestone in MFS Africa’s expansion, following a series of acquisitions and investments in other African fintechs, including...

Standard Bank Taps Nigerian Fintech Unicorn to Drive Digital Payments

Standard Bank, one of Africa’s largest banks by assets, has partnered with Flutterwave, a Nigeria-based fintech unicorn and one of Africa’s leading payments technology companies, to enhance digital payments experiences for its customers in Nigeria, Zambia, Tanzania, Uganda, Ghana,...

UKheshe Partners Chipper Uniting 2 of the Most Valuable FinTechs in Africa

Ukheshe Technologies, a leading fintech enablement partner, has announced a new partnership with Chipper, one of Africa’s most valuable startups and the purveyor of the Chipper Cash app, to enhance and accelerate the rollout of Chipper’s digital payment offerings. Chipper's...

FinTech Startup Chipper Cash Launches its Free App in SA

Yesterday, Chipper, one of the fastest growing African fintech start-ups that facilitates free peer-to-peer (P2P) money transfers and instant cross-border payments in Africa, officially launched Chipper Cash to offer domestic P2P money transfers in South Africa. Chipper Cash will enable...

Wave Closes Largest Series A Round for an African FinTech at $200-Million

Wave, a Senegal-based mobile money provider have raised $200-million in a Series A round of funding, reports Tech Crunch. The investment marks the largest-ever Series A funding round for a fintech startup in Africa, and it values Wave at around...

4 Lessons Private Equity Can Learn After a Huge 2020 for African VC

Despite the limitations of a global pandemic and its attendant lockdowns, African venture capital had a bumper year in 2020. According to a report from the African Private Equity and Venture Capital Association, the number of total reported venture capital...

Nigeria’s OPay Raises $400-Million in Largest Investment Round by African Startup

Nigeria-based fintech OPay has secured $400-million during a new funding round left by SoftBank Vision Fund, Japanese conglomerate SoftBank's venture capital arm. According to Tech Cabal, this latest funding round brings total investments into OPay to $570-million and sees the...
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Ericsson & MTN Collaborate for Digital Skills & Sustainability

Ericsson and MTN Group have unveiled a Memorandum of Understanding (MoU) at the Mobile World Congress Barcelona 2024 in...
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