The latest news and analysis on Africa's fintech startups, including consumer finance, cryptocurrency, digital banks and payments.
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PalmPay is in advanced talks to raise between $50M–$100M in a Series B round. This move aligns with its bold expansion plans across Africa and into Asia.
Fincra secures a license from the Bank of Tanzania, enabling real-time cross-border payments and expanding its pan-African fintech infrastructure.
UBA has launched 46,000 smart PoS terminals in Nigeria under its new RedPay brand, in a strategic move to reclaim market share from dominant fintechs like Moniepoint, OPay, and PalmPay.
Stripe now supports tax automation in 19 African countries, including Nigeria, Kenya, and Morocco. Here’s what founders need to know.
North Africa is increasingly becoming an attractive market for digital financial services, driven by high mobile phone penetration and a growing tech-savvy population.
Lendsqr has developed an AI-powered voice and video analysis model to revolutionize credit scoring for Nigeria’s informal sector, offering a new path to financial inclusion for over 100 million unbanked adults.
Full list and country breakdown of all the 108 IMTOs licensed by the CBN to facilitate inward remittance to Nigeria.
This represents an almost tenfold increase compared to the ₦161 million profit recorded in 2023.
“We are using pricing as a pull factor. We want people to try the product because it’s affordable and stay because it works,” said Moniepoint’s CEO, Tosin Eniolorunda
Peach Payments expands into Francophone West Africa with the acquisition of PayDunya bringing the SA fintech's market coverage to 12 in Africa
Earnipay lays off staff as it focuses on business lending, joining a wave of African startups rethinking growth amid a harsh funding climate.
Profitability may be an uphill task for Zest, but total income is not. The fintech doubled its total income to ₦124 million from ₦68 million in 2023, showing great traction and promise
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