fintech

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….

Five SA fintechs that service the growing market of SME lending [Updated]

An increasing number of fintech startups are looking to fund small businesses in South Africa using online platforms and apps to service the massive…

AlphaCode awards R16m in grants, support services to eight black-owned SA fintechs

Eight black-owned fintech startups have won business support and funding totalling R16-million from Rand Merchant Investment Holdings’ (RMI) fintech incubator AlphaCode. The AlphaCode Incubate initiative, in partnership…

SA fintech uKheshe nets over R7m from investors on R100m valuation

Joburg-based fintech startup uKheshe has raised $500 000 (over R7.6-million at the current exchange rate) in seed funding on a valuation of R100-million, from FiTech Ventures…

Nigerian Edmund Olotu’s TechAdvance raises $1m from Bahrain investor

Lagos-based payments infrastructure firm TechAdvance has secured $1-million in funding from Bahrain’s Lamar Holding. TechAdvance was founded in 2009 by CEO Edmund Olotu (pictured above) and…

We’ve grown fourfold since First Rand deal reveals co-founder of fintech Selpal

SA fintech Selpal has grown its revenue and customer footprint “fourfold” since First Rand announced that it had acquired an undisclosed minority stake in…

EY, Open Banking Nigeria to develop standard API for country’s fintech sector

Global professional services firm Ernst & Young (EY) has partnered with Open Banking Nigeria to develop a standard Application Programming Interface (API) for the…

Fintech accounts for over a third of SA tech startup investments in 2019 so far

Over a third of the over R500-million rand in venture capital (VC) investments directed to SA tech startups so far this year, has gone…

P2P micro lending marketplace Pezesha wins Seedstars Nairobi

Kenyan peer-to-peer micro lending marketplace Pezesha has been crowned the winner of this year’s Seedstars Nairobi pitching competition. The sixth edition of the pitching…

Founders Factory Africa, Netcare to help 35 healthtech startups scale across Africa

Venture builder and accelerator Founders Factory Africa and SA healthcare provider Netcare have partnered to provide a platform for entrepreneurs to build and scale 35 healthcare…

Are there really 491 African fintech startups that operate on the continent?

A new report released this week by tech publication Disrupt Africa puts the number of African fintech startups currently operating on the continent at…

Six Nigerian fintech startups to keep an eye on

Fintech is one of the most attractive tech sectors for investment in Africa — and Nigeria, together with South Africa and Kenya, is leading…

What does the average SA fintech founder look like?

What does the typical SA fintech founder look like? Most likely they’re male, aged over 30, have studied at UCT, Stellenbosch or Wits and…

Digital disruptors in fintech, offer threats and challenges [Sponsored]

Digital disruptors are rapidly changing numerous sectors the world over. And South Africa is no exception. Even though local industries are being challenged at…

New SA fintech aims to disrupt traditional, alternative SME financing [Sponsored]

There are 2.4 million small and medium-sized enterprises (SMEs) in South Africa that employ around 60% to 70% of the working population. But this…

What SA fintech startups should know about dealing with regulations

You’ve started a fintech startup — now it’s time to navigate the muddy waters of SA fintech regulation. More that hassling with funding or trying…

AlphaCode Incubate launches call for black fintech startups to tap R16m in support, funding

Are you a black-owned fintech startup looking for business support and funding? AlphaCode, Rand Merchant Investment Holdings’ (RMI) fintech accelerator, today launched a call for…

Productivity On A Large Screen

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