News
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Dash, Ghanaian Fintech Startup, Shuts Down After Allegations of Fraud
Dash, a Ghanaian fintech startup with a mission to connect mobile money wallets and bank accounts across Africa, has confirmed that it is shutting down…
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MOGO Reaffirms Commitment to Responsible Lending
MOGO, a Kenyan financial services firm has reaffirmed its commitment to responsible lending by implementing a range of customer-centric measures aimed at ensuring transparency, protecting…
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Stitch, a rapidly scaling payment solutions provider, secures $25M Series A Extension round and unveils new brand identity
Stitch, a leading payment solutions provider in South Africa, has announced a significant milestone in its growth trajectory with the successful closure of a $25…
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Sanlam Launches Fintech Cluster to Accelerate Financial Inclusion Across Africa
Sanlam, Africa’s largest non-banking financial services group, has launched Sanlam Fintech, a business cluster that will focus on expanding the group’s existing fintech offering and…
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Nigerian Fintech Startups Risevest and Chaka Merge, Reflecting Consolidation Trend in Africa
Nigerian fintech startups Risevest and Chaka have merged, continuing the trend of mergers and acquisitions (M&A) in Africa’s fintech space. The deal comes at a…
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CBK Joins Pan-African Payments System, Boosting Intra-African Trade
The Central Bank of Kenya (CBK) has officially joined the Pan African Payments and Settlement System (PAPSS), enabling firms in Kenya to execute all trade…
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Payday in Talks to Sell Company Six Months After Securing $3 Million in Funding
Nigerian fintech startup Payday is reportedly in discussions with potential buyers, just six months after securing $3 million in seed funding led by Moniepoint. Moniepoint…
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Turaco and MicroEnsure Join Forces to Make Affordable Insurance More Accessible Across Africa
Kenyan insurtech startup Turaco has acquired MicroEnsure Ghana from MIC Global. The acquisition, which was announced on September 20, 2023, is part of Turaco’s broader…
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FlexPay: The Kenyan fintech that’s helping shoppers save smarter
FlexPay Technologies is a Kenyan fintech out to enable consumers to afford products that would have otherwise been out of reach for them. How FlexPay Works…
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Lipa Later Secures Approval for Public Fundraising in the United States and Closes KES 500 Million Debt Issuance
Lipa Later Group, a leading dedicated to empowering African businesses and fostering financial inclusion, has secured exclusive approval to raise funds from the general…
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