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Sao Tome and Principe receives a $3.2 million loan from the African Development Bank to fund its payment system
The government of Sao Tome and Principe, a country in Central Africa, has received a $3.2 million loan from the...
Read moreVisa and Mastercard have decided to suspend their cryptocurrency initiatives
Following a series of high-profile failures in the cryptocurrency industry, both Visa and Mastercard have decided to shelve their ambitions...
Read moreRwanda is the latest African nation to ban its banks from processing cryptocurrency transactions
The National Bank of Rwanda (NBR) has ordered all of the country's banks to cease "all crypto-related activity until a...
Read moreFinclusion Group, a South African company, secures $2 million in funding
Finclusion Group, a South African company that is developing Africa's first credit-led neobank, has announced that it has received an...
Read moreVisa plans to invest $1 billion in Africa over the next five years to capitalize on the continent’s rising e-payments market
Over the next five years, Visa will spend $1 billion in Africa in an effort to cash in on the...
Read morePivo Africa, a Nigerian Fintech startup, has raised $2 million in a seed funding round
Pivo has announced the completion of a $2 million seed funding round to expand its product offerings to supply chain...
Read moreTouch and Pay, from Nigeria wins the Ecobank Fintech Challenge 2022, taking home $50,000 in prize money
Touch and Pay, a fintech company based in Nigeria has been named the winner of the Ecobank Fintech Challenge 2022. ...
Read moreKippa, a fintech startup in Nigeria, raises $8.4 million in a funding round
Kippa, a platform for financial management and payments for small enterprises in Nigeria, announced that it had raised $8.4 million...
Read moreDuplo, a Nigerian fintech startup, has raised $4.3M in a seed funding round
Duplo, a B2B payment platform, has secured a $4.3M seed round. Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp...
Read moreGrey, an African Fintech startup, raises $2 million in a seed funding round
Grey, a fintech company founded by two Nigerians to make it easier for Africans to send and receive foreign funds,...
Read moreM-Pesa from Safaricom and Visa to offer virtual card for international transactions
M-Pesa, Kenya's Safaricom's mobile phone-based African money transfer service, and Visa have created a virtual payment card in an attempt...
Read morePaymob, an Egyptian startup, has raised $50 million in a Series B funding round
PayPal Ventures, Kora Capital, and Clay Point led a $50 million funding round for Paymob, an Egyptian fintech startup. Helios...
Read moreThe Big 5
