fintech

Growth in cashless transactions spurs new fintech solution

Last year, exciting developments in South Africa’s payments sector were good reason to be cautiously optimistic about 2023 with new products and services setting…

Early-stage start-ups can lure investors at Stitch showcase

Early-stage start-ups who wish to showcase their innovations to local and global investors can now apply for a Cape Town-based showcase hosted by payments…

Shopstar launches Flick Live, Africa’s first live shopping app

South Africa-founded e-commerce platform Shopstar has launched the first live shopping app in Africa. Flick Live is a dynamic social commerce platform, powered by…

Here’s how fintechs can build trust in Africa

By all accounts, the African fintech space is booming. Last year, it attracted more than half the total funding received by start-ups on the…

Centbee closes R17m funding round with Ayre Ventures

“We have the right vision, products and team to drive exponential growth for our investors,” said Centbee co-chief executive Lorien Gamaroff after the fintech…

Pan-African fintech Cellulant bags 3 top prizes in Ghana

Leading pan-African fintech Cellulant has won no less than three prestigious awards in Ghana’s top competition for the movers and shakers driving the West-African…

Lessons for launching an African fintech in 2023

Anyone looking to launch an African start-up in 2023 must be sorely tempted to do so in the fintech space – provided they have…

Lightrock continues developing market support with 4G Capital Series C

Lightrock led a $18.5 million Series C funding round for Kenya-based neobank fintech 4G Capital, continuing a busy 2022 investing in developing markets. Lightrock…

Luno launches early-stage investment arm

Cryptocurrency company, Luno, a wholly-owned subsidiary of Digital Currency Group (“DCG”), has launched Luno Expeditions, a global, early-stage investment arm to support fintech and crypto/web3…

Moove raises $105M in Series A2 round to power global expansion

Nigeria’s pioneering mobility fintech Moove attracted four new investors in a successful $105 million Series A2 funding round. AfricInvest, MUFG Innovation Partners, Latitude, and…

Fintech group, Capital Appreciation Limited, acquires Responsive Technology

South African fintech group, Capital Appreciation Limited has acquired the Responsive Technology group for the purchase price of R48,68 million. The acquisition includes 100% of…

Broadscale Group and Generation Investment Management take M-Kopa to $100M

Innovative Kenyan lender M-Kopa has raised $75 million in an equity funding round, bringing its total equity funding to $100 million. The Generation Investment…

Payflex and Merchant Capital partner to help small retailers unlock BNPL

South African fintechs alternative lender Merchant Capital and buy-now-pay-later (BNPL) specialist Payflex, have launched a cash advance solution that will address some of the issues…

Four African startups join tenth Catalyst Fund Inclusive Fintech cohort

Global tech accelerator Catalyst Fund, managed by BFA Global, has announced its tenth cohort of fintech companies that are building solutions designed to improve…

Floatpays secures R15M investment from Naspers Foundry

Floatpays, a Cape Town-based on-demand earned wage access platform, has received a R15 million investment from Naspers via its early-stage tech investment arm, Naspers…

Cape Town based BNPL startup secures Weaver Fintech investment

PayJustNow, a Cape Town-based digital payment platform specialising in Buy Now Pay Later (BNPL), has secured an investment from a major fintech player, which…

Ozow and Zapper partnership shows FinTech collaboration

Cash is over. If you aren’t going digital and contactless, you aren’t moving Mzansi’s rands. It’s this shift in behaviour – accelerated by the…

Flutterwave raises $250M, now valued at over $3B

Flutterwave, the African fintech founded in 2016 that helps businesses make and accept payments anywhere from across Africa and around the world announced, has…

Stitch raises $21M in Spruce House led Series A

South African fintech API Stitch closed a $21 million Series A funding round that drew participation from The Spruce House Partnership, PayPal Ventures and…

Kenyan fintech Ubawa secures $350K seed funding

Ubawa Technologies, 2021 African Start-up Awards Start-up of the Year winners for Kenya, has secured $350 000 in seed funding from Nigerian VC Platform…

Speedinvest leads $3M pre-Series A funding for Ghana fintech OZÉ

Ghanaian fintech OZÉ provides bookkeeping tools for business owners to understand and improve their performance as well as access to capital to fuel growth….

South African fintech raises R47M funding in Series A

TallOrder, the South African fintech developer of cloud-based point of sale (POS) solutions for the small and medium-sized enterprise (SME) market, has raised R47m…

Kenyan fintech secures $1M in seed funding, eyes expansion

Zanifu, the Kenyan fintech that enables access to working capital for Micro, Small & Medium Enterprises (MSMEs) by providing short-term stock financing, has secured…

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