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African Fintech projected to undergo a 13% exponential growth by 2030
The global payments arena is undergoing significant transformation, marked by disruption and novel innovations. Driven by technological advancements, there’s been a notable transition from conventional cash-based transactions to modern…
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Egyptian Edtech Startup Crafty Workshop Raises $400,000 in Seed Funding
Crafty Workshop, an Egyptian edtech startup specializing in the creative industries, has raised $400,000 in seed funding led by EdVentures, the region’s first corporate venture capital firm focused on…
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PAL, a Ghanaian Fintech Provides Innovative Payment Infrastructure for Francophone Afric
PAL, a Ghanaian startup, is providing a much-needed solution to the challenges of cross-border payments in Francophone Africa. The company’s e-money payment infrastructure and liquidity provider platform allows African…
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Paystack Launches in Kenya, Bringing Its Fast and Secure Payment Processing to Kenyan Businesses
Paystack, a leading African fintech company recently announced that it is now live in Kenya. Kenyan businesses can now use Paystack to accept payments from customers all over the…
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Nova Credit Raises $45 Million to Expand Open Finance Credit Products
Nova Credit, a credit bureau and data analytics company, has raised $45 million in a Series C funding round. The round was led by Canapi Ventures and participated by…
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Kenya’s Increased Taxation Forces Small Businesses to Ditch Mobile Money Payments
The Kenyan government’s increased taxation is forcing small businesses to ditch mobile money payments in favor of cash. This comes after the Kenya Revenue Authority (KRA) deployed 1,400 Revenue…
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Sanari capital, a South African firm Closes $65 Million Growth Fund to Drive Economic Development in Africa
Sanari Capital, a majority black and female-owned private equity firm based in South Africa, has successfully secured $65 million for its growth fund. The primary goal of this fund…
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Egyptian Insurtech Startup Amenli Secures $1 Million Funding to Accelerate Growth
Amenli, an Egyptian insurtech startup, has secured $1 million in equity funding to expand its team, enhance its product offerings, and strengthen its brand presence. The funding round was…
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Kenyan Fintech Company Data Integrated Receives Official Approval to Operate as a Payment Service Provider from CBK
Data Integrated Ltd., a Kenyan tech company that develops digital solutions for the public transport sector and small and medium-sized enterprises (SMEs), has received official approval from the Central…
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South African Logistics Software Platform Tripplo Secures $1.8M Seed Funding Extension
South African logistics software platform Tripplo has raised $1.8 million in a seed funding extension round, led by Futuregrowth Asset Management (representing Old Mutual Life Assurance Company South Africa)…
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