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Bitmama Acquires Virtual Card Service Provider Payday
Bitmama Inc., a leading cryptocurrency exchange in Nigeria, has acquired Payday, a virtual card service provider. The acquisition, which marks a significant development in the Nigerian fintech landscape, is…
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Bigstore Africa Unveils in Kenya: Transforming eCommerce with Strategic Angel Funding
Bigstore Africa, the latest entrant in Kenya’s eCommerce scene, has unveiled its platform following a successful angel funding round. The online store, specializing in home appliances and authentic gadgets,…
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Empowering E-Commerce: Unveiling the Impact of Lipa Later Group’s Strategic Investment in Sky.Garden
Nairobi-based fintech platform, Lipa Later Group, has successfully secured a KES 500 million private debt issuance, solidifying its commitment to providing innovative financing solutions. The funding, facilitated by Rubicon…
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Deglobalization in Payments: The Rise of Universal Payment Systems (UPS)
The global payments landscape is undergoing a significant transformation as Universal Payment Systems (UPS) gain traction. This trend, driven by the BRICS countries’ departure from SWIFT, is fundamentally reshaping…
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Kenyan MSMEs Gear Up for 23rd EAC Trade Fair in Burundi
Kenya’s micro, small, and medium-sized enterprises (MSMEs) are gearing up to participate in the 23rd East African Community (EAC) Exhibition and Trade Fair, scheduled to take place in Bujumbura,…
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Norrsken22, Pan-African Venture Capital Firm, Closes Debut Fund at $205 Million
Norrsken22, a Pan-African venture capital firm, has achieved the final close of its debut fund, raising a total of $205 million, surpassing its initial target. This is a significant…
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MFS Africa Rebrands to Onafriq, Aiming to Wire Up the Whole Continent
MFS Africa, a leading digital payments network in Africa, has rebranded to Onafriq. The company’s founder and CEO, Dare Okoudjou, explained that the rebrand was necessary because the MFS…
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Nigeria-based commodities startup AFEX raises $26.5M from BII to support smallholder farmers and improve food security in Africa
AFEX, a Nigeria-based commodities platform that enables efficient trade for commodities in Africa, has raised $26.5 million in funding from British International Investment (BII), the UK’s development finance institution…
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Africa Fintech Summit 2023: A Deep Dive into Innovation to be held in Lusaka, Zambia
The Africa Fintech Summit, the continent’s most prominent fintech gathering, is set to convene for its 10th annual event, scheduled to take place from November 2 to 3, 2023,…
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Maisha Meds Receives $5.25 Million in Funding to Scale Up Malaria Care in Africa
Maisha Meds, a Kenyan digital health company, has received $5.25 million in funding from USAID to scale up its malaria care program in Africa. Maisha Meds’ software platform helps…
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