Fintech

EXCLUSIVE

Risevest to enter Kenya by acquiring fintech company Hisa

Risevest

EXCLUSIVE

Managing Director of Kuda Microfinance Bank shares insights on balancing innovation and compliance 

Musty Mustapha, CTO and Co-founder, Kuda

EXCLUSIVE

Wema Bank unveils AlatPay to enable instant payment for small businesses

Wema Bank

EXCLUSIVE

TerraPay has secured $95 million in debt for affordable remittance transfers in Africa

TerraPay

EXCLUSIVE

“It’s not a zero-sum game.” — TransferGo’s CEO on the future of remittances in Africa

EXCLUSIVE

Tanzanian fintech NALA secures $40 million Series A to grow B2B payment platform

NALA's team

EXCLUSIVE

What Nigerian digital lenders can learn from the informal sector 

fintech sandbox sandboxes

EXCLUSIVE

South African digital bank, TymeBank, names Karl Westvig as new CEO

TymeBank appointed CEO, Karl Westvig

EXCLUSIVE

Colombian-based fintech Minka expands to Africa 

White hand holding a phone. The screen shows Minka and the logo

EXCLUSIVE

NCBA now fully controls AIG Kenya in a 100% buyout

NCB Bank Kenya

EXCLUSIVE

Bamboo expands to South Africa following launch of Nigerian stocks on platform

Bamboo

EXCLUSIVE

Kenya’s mobile money subscribers rise following Airtel code removal

Airtel Money

EXCLUSIVE

Egypt’s Connect Money closes seed funding round of $8 million to support expansion

Connect Money

EXCLUSIVE

Carbon’s debit card suspension questions viability of card business for fintech startups  

Debit and credit cards in a wallet - virtual dollar card

EXCLUSIVE

Eyowo receives full licence reinstatement from CBN 3 months after securing approval in principle

EXCLUSIVE

Meet Ebehijie Momoh and Ugo Obasi, the ex Mastercard and Interswitch duo tasked with leading AfriGO 

EXCLUSIVE

Fintech Cadana closes $7.1 million seed to accelerate remittance for African talents

Cadana Co-Founder. L-R. Owusu-Asare and Ameer Shujjah

EXCLUSIVE

Nigerian fintech Carbon discontinues debit card service nearly 3 years after launch

EXCLUSIVE

7 questions about Zone’s blockchain-powered PoS payment gateway and what makes it special

Traditional PoS terminal

EXCLUSIVE

South Africa’s Sanlam to take over 60% of MultiChoice’s insurance business

MultiChoice building




















Risevest to enter Kenya by acquiring fintech company Hisa

Risevest, a Nigerian online investment platform that offers users access to Nigerian and global investments, is reportedly in talks to acquire Kenyan-based fintech Hisa. This follows its competitor’s recent launch in South Africa.

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Managing Director of Kuda Microfinance Bank shares insights on balancing innovation and compliance 

What do you do when you’re suddenly required to stop onboarding new customers? In this interview with Techpoint Africa, Kuda’s CTO, Musty Mustapha, shares how the fintech handled the CBN’s surprise directive and the lessons learned from the experience.

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Wema Bank unveils AlatPay to enable instant payment for small businesses

Wema Bank has launched AlatPay, an offshoot of Alat and the financial institution’s solution to help small business owners process instant digital payments.

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TerraPay has secured $95 million in debt for affordable remittance transfers in Africa

TerraPay, a digital payments provider focused on remittance transfers in Africa, has raised $95 million in debt financing from IFC and BII to enhance low-cost remittance transactions across Africa.

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“It’s not a zero-sum game.” — TransferGo’s CEO on the future of remittances in Africa

Remittances to Africa constitute nearly 10% of the continent’s GDP, but costs remain high. TransferGo, fresh from a $10 million investment, is expanding its African operations, and CEO Daumantas Dvilinskas shares the company’s plans in this interview.

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Tanzanian fintech NALA secures $40 million Series A to grow B2B payment platform

Two years after raising a $10 million seed, NALA, a Tanzania-born remittance startup, has raised a $40 million Series A round to build its new B2B payments platform, known as Rafiki, and scale its remittance business.

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What Nigerian digital lenders can learn from the informal sector 

Nigeria’s economy relies heavily on small businesses, but they face significant hurdles in accessing credit. However, the success of informal lenders offers valuable insights into how to improve lending services for these businesses.

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South African digital bank, TymeBank, names Karl Westvig as new CEO

TymeBank, a digital bank in South Africa, has announced the appointment of Karl Westvig as its new Chief Executive Officer (CEO), effective October 1, 2024. Westvig will succeed Coenraad Jonker in this role.

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Colombian-based fintech Minka expands to Africa 

Colombian-born fintech startup Minka has disclosed its plans to expand its business to Africa, specifically Kenya, Tanzania, Ethiopia, Uganda, Malawi, Zambia, Burundi, and Mozambique.

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NCBA now fully controls AIG Kenya in a 100% buyout

NCBA Group has completed a 100% buyout of AIG Kenya for an undisclosed amount. This acquisition follows NCBA Group’s record of growth in its net profit for Q1 2024 and for the year ended December 2023.

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Bamboo expands to South Africa following launch of Nigerian stocks on platform

Bamboo, a Nigerian-based online stock platform, has commenced its operations in South Africa a month after launching Nigerian stock.

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Kenya’s mobile money subscribers rise following Airtel code removal

A new report by the Communications Authority of Kenya (CA) shows that the number of mobile money subscribers in Kenya has increased to 38.7 million, up from 38 million in December 2023, thanks to the removal of Airtel withdrawal codes.

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Egypt’s Connect Money closes seed funding round of $8 million to support expansion

Egypt based fintech, Connect Money, has closed its seed funding round of $8 million to further expand into Egypt and Morocco.

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Carbon’s debit card suspension questions viability of card business for fintech startups  

Nigerian fintechs issue debit cards to drive user engagement and tap into new revenue streams, but rising costs threaten their continuity.

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Eyowo receives full licence reinstatement from CBN 3 months after securing approval in principle

Nigerian digital bank, Eyowo, said it has received its full and final licence from the Central Bank of Nigeria (CBN), 13 months after the apex bank revoked the licence along with 45 other microfinance banks.

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Meet Ebehijie Momoh and Ugo Obasi, the ex Mastercard and Interswitch duo tasked with leading AfriGO 

Momoh and Obasi have considerable experience leading operations at financial institutions including Mastercard, FCMB, and Verve and will be expected to leverage that experience to drive operations at AfriGO.

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Fintech Cadana closes $7.1 million seed to accelerate remittance for African talents

Emerging market-focused payroll service provider, Cadana, has secured a $7.1 million seed round to streamline and accelerate remittance for African talents, three years after it raised $325k in pre-seed funding.

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Nigerian fintech Carbon discontinues debit card service nearly 3 years after launch

Carbon, a Nigerian-based financial technology company, has announced shutting down its debit card service effective June 19, 2024. This comes almost three years after the bank launched it in August 2021.

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7 questions about Zone’s blockchain-powered PoS payment gateway and what makes it special

After Zone launched Africa’s first decentralised PoS payment gateway, there were many questions about how it works. CEO, Obi Emetarom answers seven burning questions about the blockchain-powered PoS payment gateway.

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South Africa’s Sanlam to take over 60% of MultiChoice’s insurance business

MultiChoice and Sanlam have agreed to acquire 60% of MultiChoice’s insurance business, NMS Insurance Services (NMSIS). This comes as MultiChoice Group is at the edge of being acquired by a French media company.

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