Paris-based fintech startup, FairMoney announced on Monday, 16 September 2019, that it has introduced an in-app payment function to its users, which allows them to top up their phone subscriptions, buy mobile data, pay electricity or internet bills. Other...
Rand Merchant Investment (RMI) subsidiary, AlphaCode announced on Monday, 2 September 2019, that it has awarded just over $1.5 million in supplier development loans to three fintech startups, Zande Africa, Bright On Capital and Livestock Wealth. “We have...
August 29, 2019 •
Finance, Startups •
Jenna Cook •
Comments Off on Fintech startup on a mission to create affordable housing
International NPO, Habitat for Humanity announced on Wednesday, 28 August 2019, that the Terwilliger Centre for Innovation in Shelter has recently made a $300 000 investment in iBUILD Global, a multi-national fintech-for-housing company. The Terwilliger...
August 28, 2019 •
Features, Finance, Startups •
Jenna Cook •
Comments Off on Fin-tech startup launches payment solutions platform throughout Africa
UK based fin-tech startup, SympliFi announced the launch of its fin-tech platform on Wednesday, 28 August 2019. The platform is said to have been designed to empower users around the world offering access to financial solutions – meaning people living...
August 22, 2019 •
Finance •
Jenna Cook •
Comments Off on PrimeXBT lowers Forex and Crypto trading fees
Bitcoin-based trading platform, PrimeXBT announced on Wednesday, 22 August 2019, that it has lowered its trading fees. According to the platform, the new fee structure includes a reduction in overnight financing fees on all crypto trading pairs, as well as a...
On Tuesday, 20 August 2019, Rand Merchant Investment Holding (RMI) in partnership with AlphaCode announced that it has awarded entrepreneurial packages valued at over $104 000 to eight of SA’s most promising financial services startups. All businesses are...
August 16, 2019 •
Finance, Startups •
Kojo •
Comments Off on Financial inclusion startup, uKheshe, gains seed funding
Fintech company uKheshe recently announced the completion of its first seed investment round. uKheshe was initially under incubation as a CSI initiative within Jini.Guru, a software development house. uKheshe has successfully closed independent seed funding...
Money remittance and digital banking provider, Hello Paisa launched its digital bank in South Africa in partnership with Sasfin earlier this year. The bank was developed with the aim to help the unbanked population have access to banking solutions. IT News...
DPO Group has announced the acquisition of a South African payment processor, PayFast. The deal by the Nairobi headquartered DPO Group was executed through a mix of shares and cash, with the PayFast management team remaining key shareholders in DPO Group. DPO...
Hello Paisa has developed an app that will allow Zimbabweans in South Africa to send goods and groceries to their loved ones. Malaicha.com offers users same-day collection and free delivery in Harare, Bulawayo, Mutare, Masvingo and Gweru. After placing an...
For some time now, banks have been using digital technologies to help transform various areas of their business; in fact, digital has become deeply embedded in banking strategy. Digitisation is compelling for financial services businesses across the board, as...
July 15, 2019 •
Finance •
Fundi Maseko •
Comments Off on South Africa poised for new era of instant inclusive payments-reveals Deloitte
Deloitte South Africa, in conjunction with iCombine has recently released an insights paper on payments titled “The Regenesis of South Africa Payments – What needs to change?” based on research conducted across global territories where developments...
On Thursday, 11 July 2019, it was announced that at the PayTech Awards ceremony in London, OpenWay has been recognized as ‘Best Solution Provider for Payment Systems in the Cloud’. The company received acclaim for the success of its project with Enfuce,...
On Friday, 5 July 2019, PayU announced the acquisition of a majority stake in Red Dot Payment (RDP) — an online payment solutions provider in Southeast Asia. With this, PayU expands into the Southeast Asia region, bringing the total amount deployed in...
Visa has announced the launch of their B2B connect network. The aim is to give financial institutions the ability to process corporate payments anywhere in the world. The Visa B2B Connect launch will initially cover more than 30 global trade channels, with...
May 2, 2019 •
Finance •
Fundi Maseko •
Comments Off on Fintech a potential driver of African economies
A report, commissioned by ICAEW and produced by partner and forecaster Oxford Economics, provides a snapshot of the region’s economic performance. The regions include; East Africa, Central and West Africa, Franc Zone, Northern Africa and Southern...
