Kenyan startup VunaPay wins renowned Latitude59 pitch competition
VunaPay, a Kenyan startup revolutionizing instant payments for farmers, has triumphed at the Latitude59 Pitch Competition hosted yesterday at A.S.K. Dome in Nairobi. This is the second time Latitude59, Estonia’s [...]
E-commerce Sales Up 83% as Consumers take Advantage of ‘Black Friday’
The decision by online merchants to extend the sales period for discounted items from ‘Black Friday’ to ‘Black Friday week’ inclusive of Cyber Monday led to the surge [...]
Mobile Money Transactions Dip by 14.5%
The number of mobile money transactions declined by 7% in September compared to the start of the year, according to the latest data from the KNBS. The total value of [...]Court Upholds Data Protection's KSh 0.9 million Fine Against Digital lender Cloudloan
Digital lender, Credit Watch Investment Ltd., will have to pay KSh 300,000 each to Peter Mbugua, Timothy Ngome, and Aggrey Timothy for violating their right to privacy. “This court then [...]Safaricom’s Pochi la Biashara's Usage Doubles Amid Reversal Fears
The number of Pochi la Biashara tills more than doubled in the 6 months to September, to 869,020 from 405,200 as of September last year. The ‘no reversals without consent’ [...]Nigerian Fintech Moniepoint Raises US$110mn in Series C Round
Nigerian neobank Moniepoint has secured US$110 million in equity financing to expand its integrated financial platform and overall growth across its continental markets. “The proceeds from this raise will speed [...]Yellow Card raises US$33mn in Series C round to fuel expansion
Yellow Card, an African Cryptocurrency startup, has closed its Series C round after raising US$33 million from different investors led by Blockchain Capital. “This fundraise not only demonstrates our resilience, [...]PawaPay Surpasses 1 billion Transactions as Focus Shifts from ‘Big Four’
Digital payments platform, PawaPay, is now ramping up its services in other African countries with a potential for tech adaptability as the company's transaction volume hits 1 billion. “We saw [...]Former Flutterwave Employee Loses $900K Appeal
Clara Wanjiku Odero, a Kenyan tech founder and CEO of Softbank-backed Credrails, has lost her appeal against Pan African fintech Flutterwave. The Court of Appeal, however, upheld the lower court's [...]
Global Fintech VertoFX is Simplifying Cross-border Payments to Ease Intra-African Trade
In this interview, The Kenyan Wall Streets Brian Nzomo sits with Kevin Ng'ang'a, VertoFX's Kenya Country Manager on how the fintech is designing solutions for businesses within and outside the [...]Three Ways to Make B2B Fintech Marketing Easier: Lessons from Kora's Success
Your marketing team frustrates you. You don't know if they have any effect on the bottom line. Half the time, you wonder if your head of marketing knows what they [...]
Turkish Fintech Colendi Launches AI Solution, Plans Africa Expansion
Istanbul-based fintech innovator Colendi AI has launched an artificial intelligence (AI) solution meant for financial institutions globally, as it plans expansion into Africa and the rest of the Middle East. [...]
