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Fintech Startups Africa

Startups

MFS Africa Raises $100-Million in Series C Funding

Luis Monzon -
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...
FinTech

Standard Bank Taps Nigerian Fintech Unicorn to Drive Digital Payments

Luis Monzon -
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,...
FinTech

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

Luis Monzon -
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

FinTech Startup Chipper Cash Launches its Free App in SA

Luis Monzon -
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...
FinTech

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

Luis Monzon -
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...
Lists

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

Luis Monzon -
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...
Startups

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

Luis Monzon -
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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Latest News

FinTechMamsi Nkosi -

VISA Makes Key Investment in Moniepoint to Fuel SME Growth in Africa

As Africa's Fintech landscape evolves rapidly, driven by a dynamic ecosystem and a focus on closing the financial inclusion...
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