Sunday, July 13, 2025
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Omidyar Network

New venture firm focused on impact fintech

The Financial Inclusion Initiative at Omidyar Network announced it has spun off to launch Flourish, a new venture firm focused on backing entrepreneurs whose innovations are helping people across the globe to capture economic opportunity and achieve financial health....

Nigeria: OneFi secures $5 mln debt facility

One Finance Limited has announced that it has secured a $5 million debt facility for its consumer-facing platform, Paylater. The facility comes from New York and Nairobi-based Lendable, a technology-enabled funding provider to African consumer and SME lenders. The debt...

FinTech Investing in Africa: Beyond retail payments and nano-credit

More than 70 percent of FinTech venture funding in Africa has gone to retail payment and consumer credit startups. This is nothing new: payments are ubiquitous and digitizing them clearly saves time and money. In turn, payments startups become attractive...

Lidya raises $6.9 million in a Series A led by Omidyar Network

Lidya, a digital financial services platform that provides access to credit for micro-, small-, and medium-sized enterprises (MSMEs) in Africa, announced that it has raised $6.9 million in a Series A investment round, one of the largest in Nigerian...

Malawi joins global Better Than Cash Alliance

Today the Government of Malawi announced that it is joining the Better Than Cash Alliance, committing to transition government cash payments to electronic disbursements. Malawi’s primary goals in shifting to e-money are to increase transparency, decrease costs, accelerate economic...

Kenya’s Ory Okolloh joins Omidyar Network

A CIO East Africa report states that policy manager for sub-Saharan Africa with Google and co-founder & executive director of the mobile open source platform Ushahidi, Ory Okolloh, has joined philanthropic investment company Omidyar Network. Ory Okolloh is a summa...
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Latest News

How Fayda Digital ID Powers Ethiopia’s Ambitious One-Stop Government Service Platform

Ethiopia has launched MESOB (Modern Ethiopian Service for Organized Benefits), a groundbreaking one-stop shop platform that exemplifies how Digital...
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