NALA Raises US$ 40mn in Series A Funding
Tanzania-based fintech, NALA, has raised about US$ 40 million in its Series A round as the remittances platform seeks to establish a new B2B product. This $40 million funding round [...]
Colombian Fintech Minka Launches Operations in East and Southern Africa
Colombian payments infrastructure startup Minka has launched operations in Eastern and South Africa, the company said in a statement on Tuesday. “Our expansion into Africa is a testament to our [...]
4G Capital Launches KSh 500Mn Corporate Debt Programme Through Dry Associates Investment Bank
4G Capital, a leading provider of tailored financial solutions to MSMEs in Africa, has announced the successful launch of a Kenya Shilling 500 million debt programme. This milestone was achieved [...]StanChart Joins Digital Credit Fray with SC Juza Mobile Loan App
Standard Chartered Kenya has rolled out a new mobile loan app called SC Juza where Kenyans can borrow short-term loans repayable within 60 days, with its CEO calling it the [...]WeWire Joins Bank of Ghana Sandbox to Drive Financial Innovation in Africa
WeWire, a cross-border business payment platform, has been admitted into the Bank of Ghana's (BOG) regulatory and innovation Sandbox program. This program will enable the Ghana-based startup to collaborate with [...]
Dr. Juliet Ongwae Appointed to Fintech Association of Kenya Board
The Fintech Association of Kenya (FINTAK) has appointed Dr. Juliet Ongwae as a Board Director, effective May 20, 2024. Dr. Juliet holds a PhD from the University of Manchester and has been [...]Building a Cross-border Payments Infrastructure that Actually Works for Africa
Anyone who has ever transacted or transferred money between African countries has likely wanted to pull their hair out with frustration. Exuberant fees, lack of infrastructure, and risks associated with [...]Egyptian Fintech Startup MNZL Raises US$ 3.5mn to Scale Operations
MNZL, an Egyptian Fintech, has raised US$ 3.5 million in seed funding from several local and international venture capital firms, one year after being founded. By enabling Egyptians to safely [...]Safaricom Loses 1 Million Fuliza Customers in a Year
1 million customers unsubscribed from Safaricom's Fuliza overdraft service in 2023, according to the company's latest financial results. KCB Mpesa's revenues grew by 15.4% to KShs. 700 million, while its [...]Fintech Association of Kenya Appoints Esteemed Corporate Lawyer Joseph Githaiga to Advisory Board
The Fintech Association of Kenya has announced the appointment of Joseph Githaiga, an accomplished corporate lawyer and regulatory compliance expert, to its Advisory Board effective May 1, 2024. Joseph Githaiga [...]Why Techstars-backed Graph is Rolling Out a Global Business Banking and Spend Management Platform
Operating on a global stage is now a common theme among businesses worldwide due to globalization. The logistical infrastructure for global expansion is now readily available, and the incentives are [...]Excise Duty on Digital Loans will Increase Defaults, Harm Tax Revenues
The controversial 20% excise duty on digital credit is likely to be counterproductive and result in less tax revenues, digital lenders and sector strategists have said. Raising the cost of [...]
