Hey Guys.
It’s Big 5 Daily o’clock.
Nedbank has launched the first-ever contactless payment card in Africa. The card utilizes a “Tap and Pay” method to process transaction without the need of a PIN. Cool, right? But I am bothered about theft though.
Also, Lupiya, a Zambia based microfinance startup has received a $1 million investment from Enygma Ventures. The funds will be used to ensure that Zambians easily access financial services, and the entire SADC region will be financially included.
Strive Masiyiwa is building the Tesla of Africa in Mauritius. His company, Vaya Africa has launched the “VAYA Electric”, an electric vehicle service. Vaya Africa joins the list of startups that are developing innovative ways of applying renewable energy in Africa.
See also: The Big 5 Daily: 8th July 2020
GreenTec Capital has invested in Pricepally, a Nigerian Wholesale Agritech Startup that allows users to purchase food at a more affordable price. It allows users to shop and share foodstuffs, groceries, and meats via a social network with their friends and family.
And finally, Nigeria based Paystack has been listed as the only African startup to make the list of KPMG’s Leading Global Fintech Innovators of 2019. The #Fintech100 2019 was compiled by H2 Ventures and KPMG based on annual capital raised, sectorial diversity, geographical diversity, annual capital raised and the XFactor.
Have a nice day. Let’s do this again tomorrow.