Fintech company, Skipify, has announced a strategic investment from Samsung Next.
TodayPay has emerged from stealth mode to unveil payment technology solution.
Mudrex announced the launch of Saber.Money to offer services to B2B clients.
EIF and Invoier have partnered to provide SMEs with better access to funding.
French insurtech startup Orus has raised €11 million in Series A funding.
Singapore-based fintech startup CrossFund, has raised its fourth funding round.
Brite Payments has announced a $60m funding round.
Cardata has announced a new round of growth investment.
Revio has announced a seed investment round of $5.2m.
MassChallenge FinTech has opened applications for its sixth fintech accelerator program.
Ondorse, a business KYC solution, has raised €3.8m seed round.
Kruze Consulting has analyzed banking data from 400+ startups.
Backbase announced its strategic partnership with FrankieOne.
According to the company, the journey to empower Kenyan consumers with convenient and accessible financing options has been met with enthusiasm from customers and the private capital markets.
Kayna insurtech has closed a €1m pre-seed funding round.
BitX Capital has introduced an innovative solution for budding entrepreneurs.
Fuze has unveiled a record-breaking seed round of $14 million.
Turaco, the Kenyan insurtech startup, has acquired MicroEnsure Ghana from MIC Global.
Plug and Play and Visa have launched Inclusive Fintech Accelerator program.
Fintech startup N5 has secured the backing of a number of high profile investors.
AI has revolutionized fintech by enabling innovative solutions.
LemFi (formerly Lemonade Finance), has raised $33 million Series A round.
Irys Insurtech has closed a seed funding round of $3.5 million.
Klarna, the global payments network and shopping assistant, announced strong growth across Europe.
Berlin-based startup Mercanis announced the completion of $10m seed funding.
Berlin-based insurtech startup SureIn has closed a €4 million Seed round.
Nigerian mobility fintech Moove, has secured $76 million in new funding.
Investing in the right opportunities is crucial for safeguarding your financial future. In today's digital era, cryptocurrencies have gained significant attention as an alternative investment option.
Okoora, the Swiss-Israeli fintech startup has partnered with Paysend.
Insurtech startup Functional Finance secures $8m in seed capital.
IVIX, announced the closing of a $12.5m Series A funding round
British Business Investments has committed €27 million to Bootstrap Europe II.
Visa has opened applications for startups to participate in the first cohort of the Visa Africa Fintech Accelerator program.
Swiss fintech startup Numarics has raised a €10.2m seed round for its automated accounting and administration solution tailored to SMEs.
Salve FH has selected Finastra Essence to reduce payment delays.
Nav, the financial health platform for small businesses, announced its acquisition of Tillful.
10 Southern African fintech startups have each received $5,000 from the World Bank.
When I Work announced its acquisition of fintech startup Lean Financial.
The African online e-Commerce market has grown rapidly in recent years.
Seedstars has launched a program to promote financial inclusion for women.
CAPEX.com announced its first M&A deal, the acquisition of WiredMarket.com.
Financial platform Maza, announced a $8 million seed round led by Andreessen Horowitz.
gigaroo announced it has successfully raised $2.5 million in pre-seed funding.
Brex announced that Jason Mok has joined the team to support commitment to serving startups and their founders.
AdvisorCheck has announced its $1.8 million seed round of funding.
Financial IT announced the launch of its highly anticipated Fintech Pathfinder.
Throughout 2022 and the first quarter of 2023, 14% of installs of potentially unwanted mobile financial apps on Android phones were made.
LemFi announced it has formally launched its diaspora remittance services in Kenya.
Reseda Group announced it is investing more than $2 million to support five emerging fintech companies.
Swiss fintech Teylor has secured €275m funding from Barclays and other investors.
The past few years have seen the proliferation of new methods of transacting.
Adonis announced it has raised $17.3 million in Series A financing.
It has long been a common practice for companies to make reactive cost cuts.
The growth of Africa’s digital economy has resulted in many positive changes.
CoinsPaid continues to develop and places emphasis on the potential of Estonia.
FlowX.AI announced it has raised a $35 million Series A funding round.
Firmbase, an Israeli finance tech startup has emerged from stealth with $12m funding.
Absa Bank has acquired a minority stake in South African agritech startup, Khula!
The B Corp certification is proof of Share Council's commitment to closing the capital gap by making every employee a co-owner of the company they work for.
Nigerian fintech startup Grey has picked Kenya as its East African Hub as it expands operations in the largest economy in the East African Community.
Viceversa, the Milan-based fintech startup that introduced revenue-based financing to Italy to support the growth of digital companies, announced the closing of €10 million Series A financing round.
Setscale, a fintech startup revolutionizing purchase order financing for SMBs, announced it has raised a $9.5 million seed funding round, as well as secured up to $70 million in debt.
Nigerian payment service provider Nomba has raised a $30 million pre-Series B funding round to support the delivery of bespoke payment solutions for African businesses.
There can be no talk of financial inclusion in Africa without trade finance. Trade promotes economic growth, reduces poverty, fosters economic and cultural links between regions and countries, and facilitates capital movement.
Pan-African payments startup PayDay re-launches in Rwanda, partners with Starlink to enable internet access
Pan-African payments startup PayDay has re-launched in Rwanda and announced a partnership that will enable Startlink customers to purchase their subscription services through the platform.
Leveraging Open Banking data and sophisticated AI, Triver funds SMEs’ short-term working capital needs, underwriting the risk of small business borrowing instantly and automatically.
Teahouse Finance, a decentralized asset management and strategy platform provider, has announced a total raise of $5 million in funding, most recently with the close of a $2 million financing round led by AppWorks, one of the leading VC firms and accelerator in Southeast Asia.
Through this partnership, DoiT will become one of Tenity's trusted cloud partners, providing Tenity’s incubated startups, both current and alumni, with round-the-clock access to best-in-class cloud technology and services on Amazon Web Services (AWS), Google Cloud Platform (GCP) and Microsoft Azure.
Fractal, an infrastructure provider enabling institutions to clear, settle, and margin digital asset trades on-chain, announced it has secured $6 million in financing led by Hack VC.
Backbase, the global player in Engagement Banking, has partnered An Binh Bank (ABBANK) to transform the banking experiences for millions of Vietnamese customers.
Zone (formerly Appzone) and ThetaRay announced they will collaborate to implement ThetaRay’s cloud-based SONAR solution to monitor and screen Zone’s transactions in Nigeria for illicit activities and sanctions violations.
Nigerian fintech startup Moni has launched a new range of business loans targeting SMEs in Africa.
Sunfish, a fintech company founded last year, aims to make fertility treatments more accessible and has recently designed a new product to help reduce the cost of In Vitro Fertilization (IVF).
In 2018, the UK made history as the world’s first Open Banking Standard was implemented, establishing the foundations for the nation’s pioneering ecosystem and setting a blueprint for other countries.
First Citizens Bank, has entered into an agreement with FDIC to purchase out of FDIC receivership substantially all loans and certain other assets, and assume all customer deposits and certain other liabilities of Silicon Valley Bridge Bank, N.A.
Amazon Web Services’ Startup Loft Accelerator announced the inaugural launch of its AWS FinTech Africa Accelerator.
Intelligent payments startup Toku raises $7.15m seed round to revolutionize subscription payments in LatAm
On a mission to revolutionize the way companies collect payments in Latin America, Toku, the platform optimizing collections for subscription companies, announced it has raised $7m seed round.
According to the World Supply Chain Finance Report 2022, supply chain finance fund volumes showed a significant increase in 2021 over 2020 as the global volume rose by 38% to $1.8 billion and funds in use by 41% to $713 billion.
Fintech has played a significant role in democratizing access to financial services across Africa in the past decade.
Kenyan and Ugandan insurtech startup Turaco, has partnered with Airtel Mobile and Prudential Assurance to launch a low-cost hospital cash insurance product with Funeral Benefit.
Patrick Mehrhoff is the Founder and CEO of Mehrhoff Digital, a Tallinn-based marketing consultancy for financial services.
The Centre for Financial Innovation (CFI) at Bharatiya Vidya Bhavan's S.P.Jain Institute of Management & Research has announced the launch of 'SPJIMR FinNovate Accelerator' in partnership with Mumbai Angels.
Banking, like many other sectors, has responded to rapid change and evolving customer needs by developing a digital strategy.
The collapse of SVB Bank and Signature Bank, the largest such failures since 2008, have sent shockwaves through the financial markets, hitting startups and companies reliant on venture capital hardest.
Flutterwave, Africa's payments technology company, has announced that it has received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda.
Recently volatility has increased in markets as sensitivity to news flow, particularly with regard to global inflation, has increased.
The traditional banking and financial services industry has long been the cornerstone of the global economy. It has provided access to capital, enabled trade, and facilitated financial transactions for centuries.
The digital revolution is fully underway, and the technology industry is reshaping our world. While it looks quite innovative and revolutionary from the outside, women remain a dramatically underrepresented group.
Bowtie, Hong Kong’s first virtual insurer, announced the appointment of James Lau to its Board of Directors as an Independent Non-Executive Director.
Ted Martynov leads CARMACHAIN, a fintech outfit operating in Nigeria that enables credit data for lenders in markets underserved by credit bureaus.
In today’s digital age, many industries have begun to introduce emerging technologies to develop innovative services. The transformation and upgrading of the insurance industry is also in full swing.
[Column] Didi Onwu: Understanding youth entrepreneurship in Kenya - why fintech is an attractive sector
Boasting one of the fastest-growing economies in Africa, Kenya is on the rise to become a powerhouse of innovation on the continent. This is largely in part due to the country’s thriving culture of entrepreneurship and its significant startup ecosystem.
finway, the German finance operating system for SMBs, has raised €9.2 million in a Series A round from Capital 49, an early stage venture fund led by founders of global fintech unicorn Airwallex.
Decentralized finance, commonly referred to as DeFi, is an emerging technology aimed at building a new financial system that is open to everyone and does not depend on traditional financial intermediaries, such as banks, lenders, etc.
Mikhail Marchenko is the Co-founder of JuicyScore, which recently launched its operations in Kenya. JuicyScore offers anti-fraud and risk management solutions to digital lenders, insurance companies, e-commerce and classifieds.
SC Ventures announced it has entered into a Memorandum of Understanding (MoU) with Yabx , a company incubated by Comviva and part of the Mahindra Group, to address a deep need for responsible consumer finance in Africa.
IFC, DEG, Hollard, and Yellowwoods invest in South African insurtech startup Naked to boost insurance accessibility
IFC, the German Development Finance Institution (DEG), Hollard, and Yellowwoods, jointly announced an investment in South African insurtech company Naked to expand access to insurance products.
Power Financial Wellness, a Kenyan fintech startup that seeks to advance the financial well-being of its customers has secured a $3 million seed funding.
Swiss startup Taurus raises $65m to further develop its digital asset platform, fuel international expansion
Taurus, the digital asset infrastructure provider for financial institutions in Europe, announced a $65 million Series B capital raise from strategic investors.
Trade Lenda, a Nigerian fintech startup that helps micro, small, and informal retailers with access to financing for their business needs, has raised $520K in pre-seed funding to speed its growth.
Binance, one of the world’s largest cryptocurrency exchanges, has established itself not only as a leader in the finance industry but also as a force for social good through its charity initiatives.
People find it very complicated to deal with the cryptocurrency market, but nowadays, it is getting even more sophisticated than earlier.
Flutterwave, Africa's payments technology company, has announced that it has received its Payment Services Provider and Payments Facilitator licenses in Egypt.
The Kenyan government has dropped charges of financial impropriety against Flutterwave, according to a new report by Bloomberg.
Snab, the Spanish payment platform that allows payments and transfers between companies in one click, has raised €1.1 million in its first funding round.
Lulalend, a South African digital lender offering funding options for businesses. has raised $35 million in Series B funding to accelerate the growth of its loan book and bring new solutions to the market.
Finance software startup Quartr signs API deal with Nordnet to enhance informed investment decisions
Finance software startup Quartr signed an API deal with Nordnet, the online broker in the Nordic region, reaching almost two million customers.
Portuguese startup Coverflex closed €15m Series A round, to expand its Compensation OS in yet another European market, the Italian one!
Hatchfi, a crypto integration platform that allows users to seamlessly connect crypto accounts to any app like they would a bank account, launched out of beta on the heels of a $1.2 million pre-seed raise.
Adenia Partners , a private markets investment firm committed to responsible investing and a sustainable Africa, has announced the first close of its fifth flagship fund, Adenia Capital (V) L.P. with $300 million commitments from investors.
Bitpanda, a European digital asset platform, announced the launch of Bitpanda Technology Solutions, the most scalable Investing-as a-service infrastructure available in Europe and globally.
Next-gen employee payments startup Grazzy raises $4.25m to power hospitality's future of digital tips
Grazzy, a next-gen employee payments platform, announced a $4.25 million seed funding from Next Coast Ventures and Tuesday Capital to fuel expansion and growth of its digital tipping.
Insurance industry trends over the past year have been significant, especially across Europe, the Middle East, and Africa (EMEA) region.
Digitalization and technological achievements, which have been observed in the African region for the past decade, have sped up the inevitable processes in fintech, changing its landscape completely.
Matchstick Ventures-backed startup Bean emerges from stealth to democratize the market for accounting services
Bean, a Matchstick Ventures-backed digital accounting startup, announced it emerged from stealth to democratize the market for accounting services.
YouBiz, the SME spend management platform by YouTrip, launched its first whitepaper studying emerging business spending trends and key business priorities for SME in 2023.
TaxBit, the tax and accounting provider for the digital asset economy, announced the acquisition of Tactic, a digital asset financial accounting platform that offers a streamlined accounting subledger.
Finance software startup Quartr partners with Lightyear to bring free and easy-to-access company information for investors across Europe
Finance software startup Quartr, signed an API deal with Lightyear, an online broker based in London, serving customers in 20 countries across Europe.
Kenyan fintech startup Kwara has raised a $3 million seed extension. The new investment was led by existing backers DOB Equity, Globivest and the founder of Kobalt Music.
Nigerian fintech firm TeamApt reaches annualized payments volume of $170 billion, rebrands to Moniepoint
TeamApt Incorporated, the business banking platform in Nigeria, has adopted the name of its flagship product - Moniepoint, a testament to its success as the all-in-one digital banking solution for businesses.
PayUp, a Rex company, announced it has partnered with ResMan, a property management system that drives profitability and efficiency for nearly a thousand property management companies across the U.S.
Finance software startup Quartr, announced it has passed a significant milestone on its mission to bring the financial community closer together by signing a breakthrough API deal with Sweden's online broker Avanza.
Vouch, an insurance provider re-thinking business insurance for the technology industry, announced it has acquired lending startup Level and its team of engineers.
Philly-based insurtech Propeller, announced it has raised $6.4 million in seed funding led by a consortium of industry partners.
Plesion Capital announced its formation as a social impact venture capital firm focused on partnering with mission-based entrepreneurs and companies to combat poverty around the world.
Mendoza Ventures, a Latinx-founded Fintech, AI, and Cybersecurity Venture Capital firm, has achieved a first close on its third fund.
The definitive elimination of Ethereum mining generated the greatest expectation regarding the migration of miners to the ETH network, to the point that the cryptocurrency market was expected to have an upward behavior that would undoubtedly benefit all investors.
Regent Bank has named Peter Mullen Director of Venture and Tech Banking, as the migration of talent from traditional innovation hubs like the Bay Area and NYC continues to Midwestern cities.
Ukheshe International, the UK-headquartered division of digital-first, Banking as a Service (BaaS) enabler Ukheshe, announced the conclusion of an investment agreement that will help accelerate its international expansion.
Venture Capital firm Lakestar released The €500 Billion Dutch Financing Gap report, which delves into the Netherland’s strong heritage in scaling growth companies and how it can create the next wave of companies for the future.
Visa has announced a grant towards the African Women Impact Fund (AWIF), a collaboration between Standard Bank and the United Nations Economic Commission for Africa (UNECA).
European fintech Novicap raises €200m for its Credit platform as it hits €1b transaction volume milestone
Novicap, the European fintech providing end-to-end working capital solutions, announced it has raised a €200 million debt facility from London-based asset manager, Fasanara Capital.
Decentralization is an essential feature of cryptocurrency. The transfer of money, investment, or trading is not in the control of the local governments.
HashKey and SEBA Bank partner to accelerate institutional adoption of digital assets in Hong Kong and Switzerland
HashKey and SEBA Bank announced a partnership to leverage their digital asset service offerings as well as custody and asset management products to accelerate institutional adoption of digital assets.
Fintech startup Hisa has launched an application that allows Kenyans to invest in the stock market directly from their phones using mobile money.
Nigerian fintech startup Pivo, announced the closing of $2 million seed round with participation from Precursor Ventures, Vested World, Y Combinator, FoundersX and existing investor, Mercy Corp Ventures.
In 1998, Mountasser Hachem founded Monty Holding, which has since become a giant in the telco sector, achieving unprecedented global penetration.
Pathway Homes (Pathway), a real estate platform with a mission to create more homeowners, announced it is partnering with impact tech company Savi to offer a tool to help Pathway customers manage their debt burden.
Nigerian money app Kuda, announced it is launching in the UK as part of a global expansion drive with a view to serving the cross-border transfer needs of UK-based Nigerians.
Yabx, a fintech venture headquartered at Netherlands, announced its foray into Nigerian markets with a mission to democratize credit across the country with its digital lending offerings.
Fintech startup Fordefi raises $18m seed round to launch institutional DeFi wallet and security platform
Fordefi, a financial technology and software company, announced a $18 million seed round and the public launch of its institutional MPC wallet built for transacting on decentralized applications (dApps).
Nigeria’s credit-led SME fintech Payhippo has acquired Maritime Microfinance Bank (MFB), a financial institution specializing in saving products, demand deposits, and investments as well as micro and SME loans
Virtual currencies have the most significant advantage in that virtual currency is decentralized, meaning there is no central authority over them.
Virtual currencies have a lesser return than traditional financial assets such as stocks and bonds.
Doge Solar is the newest cryptocurrency that has come up in the digital mainstream and has already marked its presence in the market.
A report by payment services company Mastercard has revealed that South Africa, Nigeria and Kenya are among the most vibrant fintech markets in the continent.
Zest AI secures over $50m growth capital to advance the next generation of AI-automated underwriting
Zest AI, the leader in automating underwriting with more accurate and inclusive lending insights powered by AI, announced that the company has raised over $50 million in a new growth round.
Hong Kong and Singapore lead green fintech development among the five economies in the APEC region, study
GoImpact, together with The CUHK Business School, released the findings from their working paper, Exploring the Green Fintech Ecosystem in Asia: Insights from Five Economies in APEC.
London-based Sidekick raises £3.33m pre-seed to build a modern investment manager for today’s changing world
Sidekick, a digital active investment manager built for today’s rapidly changing world, announced a £3.33 million pre-seed equity round led by Octopus Ventures.
GS1 Hong Kong (GS1 HK) announced it has welcomed the launch of Commercial Data Interchange (CDI) by the Hong Kong Monetary Authority (HKMA).
Fintech startups in Africa grew 81% in 2021, with South Africa, Nigeria, and Kenya emerging as key hubs on the continent, found a Mastercard study on the state of fintech in African markets.
Kenyan fintech startup Tanda announced plans for agency banking entry in Uganda, Rwanda, Tanzania to accelerate growth within the East African markets.
NALA, a Tanzanian fintech startup facilitating remittances from the African diaspora in the UK and US, has integrated Google Pay into its suite of payment options for users.
Swiss settlement banking startup Arf raises $13m seed seed round to further develop its blockchain-based technology
Arf, the VQF-regulated global settlement banking platform using Web3 technologies has raised $13 million in a seed round with the participation of industry leaders.
Banyan, the network for SKU data, announced it has raised $43 million Series A round led by Fin Capital and M13. The investment will accelerate Banyan's technology and infrastructure growth.
LHoFT has announced the 15 fintech startups that have been selected to participate in the fifth edition of the CATAPULT: Inclusion Africa program.
Moove announced it has raised £15 million in financing from Emso Asset Management to scale up its UK operations following a successful launch in August.
Mobile banking fintech NorthOne raises $67m Series B funding to accelerate growth across small business communities
NorthOne announced it has raised $67 million in Series B funding. With participation from new and existing investors, NorthOne is poised to further expand the reach of its business management platform.
In its latest 'State of European FinTech 2022’ report, fintech venture capital firm Finch Capital forecasts a period of cooling and consolidation across the fintech sector, as macroeconomic conditions grow more challenging.
Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women’s World Banking.
BNP Paribas announced the signature of an agreement for the acquisition of Kantox, a fintech for the automation of currency risk management.
It is the case of Flow, a technology that Meta has adopted. The latter wants to leap into NFTs, whose Facebook and Instagram applications seem ready to get involved with a fast blockchain project created by Dapper Labs.
The vulnerability of the systems makes governments invest large amounts of money in applications that allow for transparent management and with the property registries inherent in the area where the new information technologies are expected to be applied
Remittance is making money accessible to a third party and transferring it to them. Countries like India, China, the Philippines, and even Africa use this word often.
When talking about NFT, many people usually relate them to any image created in JPEG format, which generally has a reasonably high value.
Uganda's Digital Lender Numida has secured a $12.3 million pre-Series A round of equity and debt funding to help it expand its team and move into new markets.
The comprehensive car insurance payments are made over 12 months which allows clients to spread the cost over the course of a year.
Tongo, a fintech company realigning income and expenses for the commission economy, announced it has raised $7 million in seed funding.
Meritize, developer of merit-based financing solutions and a technology platform that connects career starters and mid-career professionals with high-impact skills training, announced it has hired Jeff Parks as the firm's Vice President of Business Development.
Ghanaian fintech SecondSTAX (Secondary Securities Trading and Aggregation eXchange), announced it has raised $1.6 million in pre-seed funding from private investors and venture capital firms, including LoftyInc Capital and STEMeIn.
Julaya, a fintech stratup based in Côte d’Ivoire, Senegal and France, announced it has raised $5 million extension round led by European venture capital fund Speedinvest to expand its operations in West Africa.
Crypto tax reporting app Binocs nets $4m funding round as it adds institutional investors to retail base
Crypto tax reporting app Binocs has announced a $4 million fundraise to cater to institutional crypto investors and enter geographies like the US, UK, Australia etc.
Nigerian fintech startup Kippa has launched Kippa Start, a business registration platform to enable Nigerian MSMEs scale through their businesses.
Ethiopian fintech startup Chapa has launched an online payment gateway to enable businesses accept payments from people worldwide.
Heru, an AI-based tax platform that simplifies the tax-filing process and provides intelligent insights for future filings, announced a $6 million seed round led by Gradient Ventures, Google's AI-focused venture fund.
Nigerian blockchain payments startup Bitmama announced a pre-seed extension of $1.65 million, adding to the $350,000 it received last October, thus closing the round at $2 million led by Unicorn Growth Capital and Launch Africa.
Flutterwave, Africa's payments technology company announced its merchants can now process payments in eNaira, the Nigerian digital currency issued and distributed by the Central Bank of Nigeria.
Nigerian fintech startup Kippa has raised $8.4 million in an oversubscribed seed round led by Goodwater Capital, TEN13 VC, Rocketship VC, Saison Capital, Crestone VC, VentureSouq, Horizon Partners, and Vibe Capital.
Power, a fintech startup with plans to reshape global commerce, has finally teased early progress as it emerges from stealth with $16.1m in seed funding, a $300m credit facility, and a fast-growing list of customers.
Nigerian fintech startup NowNow Digital Systems has raised $13 million in its seed round for expansion across Africa.
Waya, a Kenyan and US-based fintech startup has announced the official launch of its full-service digital bank and money transfer app targeting the African Diaspora.
Fintech startup Duplo raises $4.3m seed funding to transform business-to-business payments in Nigeria
Duplo, a business-to-business payment platform that makes it easier for African businesses of all sizes to pay each other, has raised $4.3 million in seed funding to launch new products and expand into new business verticals in Nigeria.
African fintech startup Flutterwave secures switching and processing license from Central Bank of Nigeria
Flutterwave, Africa's payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN), widely regarded as CBN's most valuable payments processing license.
Nigerian fintech moblity startup Moove has announced its launch in London as part of its global expansion through a new partnership with Uber.
Pezesha, a Kenyan fintech that has built a platform where small and medium enterprises can access funding, has raised $11 million in a pre-series A equity and debt funding.
Swedish invoicing and payment startup Billogram has raised €15 million in funding round led by Swisscom Ventures, with participation from Partech, CNI Nordic and Inbox Capital.
Nigerian fintech startup Grey has raised $2 million in seed funding to simplify cross-border payments across Africa. The seed funding round included participation from Y Combinator, Soma Capital, Heirloom Fund and other high-profile investors.
Kyanda is a Kenyan fintech startup that offers Digital Financial Services to businesses, SMEs and citizens.
Pomelo announced a Series Seed of $20 million in venture capital and $50m in warehouse facility for a total of $70m in seed financing, and is the first company to combine credit and international money transfer.
Klavi, a SaaS platform in data aggregation, analytics, and API services, who aims to empower companies with its Open Finance solutions , has just received an investment of $15 million.
Truework, a fintech startup that provides income and employment verification for the nation's largest mortgage, auto, and consumer lenders to approve more borrowers in a fraction of the time, announced it raised $50 million in Series C funding.
Kenya-based insurtech startup Lami Technologies has raised a $ 3.7 million seed extension to expand its insurtech product across Africa.
Kenyan wealth-tech startup Ndovu partners with Tulix to empower Africa’s diaspora to invest back home
Africa’s wealth management platform Ndovu has announced a strategic partnership withTulix, an Antler & Catalyst Fund portfolio company.
CoinFlip, a fintech company powered by cryptocurrency, announced the launch of CoinFlip Ventures, a new initiative that will support Web 3.0 based startup companies.
Bizao, a fintech that facilitates payments for both local and international businesses operating in Africa, announced a €8 million Series A funding to accelerate its geographical footprint across the continent and invest in the design of new lines of products and services.
Bloc, the Nigerian fintech infrastructure provider, has announced the acquisition of Orchestrate (previously Getwallets), a proprietary payments orchestration startup that gives businesses instant access to multiple payment providers with one integration.
Bloom, a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, announced it has raised a $6.5 million seed round, after an undisclosed pre-seed round last year.
Moto Business Service Nigeria (MBSN), a subsidiary of Japan’s Yamaha Motor Corporation, announced a strategic partnership with Metro Africa Xpress (MAX), to finance and maintain over 50,000 vehicles over the next 2 years.
DreamStart Labs, a fintech for emerging markets, and BRAC Bank, a commercial bank in Bangladesh, have entered into an agreement to provide digital financial services to unbanked women in Bangladesh.
Stori becomes Mexico's newest Unicorn after raising $150m round of financing, valuing the startup at $1.2b
Stori, a fintech company offering credit card products to Mexico's underserved population, announced a $150 million round of financing, valuing the company at $1.2 billion, achieving a "Unicorn" status.
Flagstar Bank announced it has wrapped up its third MortgageTech Accelerator program - the first and only accelerator in the United States solely dedicated to mortgage technology.
Mobile-first blockchain ecosystem Celo has launched a new programme to support African startups across payments, remittances, virtual assets, savings, and related financial services.
Nigerian fintech startup CARMACHAIN announced it has hit over 80 million consumer profiles. This milestone is a major move for CARMACHAIN as it takes another step forward in realising its mission of decentralising data.
Quantitative investment firm Hidden Road raises $50m to accelerate access to traditional and digital markets
Hidden Road, the global credit network for institutional investors, announced the closing of $50 million Series A funding, led by Castle Island Ventures,
Griffin, a Banking as a Service (BaaS) fintech firm, announced it has raised $15.5 million funding to launch the OS for embedded finance.
OpenFin, the operating system (OS) of enterprise productivity, announced it has secured a strategic investment from ING Ventures, the venture capital arm of ING.
Crescent fintech raises $5m pre-seed round, launches platform to help companies improve cash management
Crescent, a fintech best known for crypto-backed high yields, announced it has raised $5 million pre-seed round from strategic angels and tech founders.
Israeli fintech and capital markets startup Deshe Analytics raises $6.5m funding to expand to international markets
Israeli fintech and capital markets startup Deshe Analytics announced a $6.5 million seed funding round led by Group 11.
Flutterwave, Africa’s payments technology company, announced the appointment of former Goldman Sachs’ Managing Director, Gurbhej Dhillon as Chief Technology Officer (CTO).
Mono, a Nigerian fintech startup that builds open banking infrastructure to enable access to customer financial data and bank payments for digital businesses in Africa, announced it has expanded its services to Kenya.
London-based invoice intelligence platform Xelix completes $5m Series A funding to accelerate growth
Invoice intelligence platform Xelix announced it has successfully completed the Series A funding round, raising $5 million.
The British International Investment (BII), the UK government’s Development Finance Institution (DFI), announced a $20 million, 4-year structured credit investment in Moove, a mobility fintech democratising access to vehicle ownership in Africa.
Swiss fintech startup Numarics is on its way to becoming the standard for state-of-the-art financial management and accounting for creators and small and medium-sized enterprises in Europe.
Pave, the real time compensation platform that helps companies plan, communicate and benchmark against the market, announced it has raised $100 million in Series C funding and acquired Advanced-HR from Morgan Stanley.
Mapan, an Indonesia-based leading startup focused on eliminating barriers to financial access for the masses in the country, announced it has closed a successful Series A round of $15 million.
London and Malta based fintech CityFALCON closed an equity fundraising campaign on Seedrs of $2 million to scale up the business and bring even more insightful products to market faster.
A Supervised Payment is a Digital Escrow Payment sent by a guardian to a dependent with the former setting the parameters of funds usage and the app supervising the actual use of the funds by the dependent.
Nibble Health, a B2B healthcare payments company, announced a $8.5 million seed round co-led by Wing Venture Capital and Tiger Global Management, with participation from A* Capital and Expa.
Nigerian fintech firm VeendHQ announced it has secured $330k pre-seed fund, backed by Magic Fund, The Oak Capital, Future Africa, Berrywood Capital and other angel investors, to expand its operations and scale growth.
Tugende, the East African fintech platform providing asset financing and digital services to small businesses, announced it has raised a pre-Series B investment round led by current shareholder Partech Africa.
On the heels of a recent $1.50 million (KSh 170 million) investment, Kenyan insurtech startup mTek has secured an additional $3 million (KSh 340 million) investment, through both debt and equity from African-focused fintech platform, Finclusion Group.
INSTANDA, the no-code core insurance platform provider has announced the closing of its $45 million fundraising led by Toscafund, one of Europe’s leading Growth Equity investment firms for financial services companies.
MFS Africa, Africa’s digital payments network, announced it has secured an additional $100 million in equity and debt funding led by Admaius Capital Partners, taking the total amount raised in the series to $200 million.
Entersekt, a global player in device identity and payment authentication, announced a new investment from PAPE Fund 3 (PAPE), a mid-market South African private equity fund.
Y Combinator-backed Proper Finance raises $4.3m to create an integrated reconciliation software for fintechs
Proper Finance, the integrated reconciliation and ledger data platform that enables financial technology companies to maintain complete financial accuracy, closed a $4.3 million seed round
Financial wellness startup Benny closes $1m pre-seed round to help employees build wealth with their benefits
Benny, the platform helping consumers build wealth with their benefits, announced its graduation from Techstars Boulder and the closing of a $1 million pre-seed funding round, led by Matchstick Ventures.
Kenyan fintech startup Power Financial Wellness partners with Penda Health to extend healthcare services to users
Kenyan fintech Power Financial Wellness has signed a partnership agreement with private healthcare solutions provider, Penda Health, to see both companies mutually benefit from their tech services.
Middesk, the business identity platform automating business verification and underwriting decisions, announced it has raised $57 million in a Series B round, co-led by New York-based private equity and venture capital firm Insight Partners.
Dutch financial technology company Backbase, the creator of the category-leading Engagement Banking platform, raised €120 million in growth equity funding from Motive Partners.
Nigerian fintech startup Indicina announced it has raised $3 million in seed funding round to foster its commitment to the credit value chain.
Eversend, a Ugandan fintech startup providing cross-border money transfers for Africans and Africans in the diaspora has rebranded, to reinforce its commitment to users with an all-inclusive payment platform and a modified look to support this transition.
Binance Labs, the venture capital and incubation arm of Binance, announced the closing of $500 million investment fund to invest in projects that can extend the use cases of cryptocurrencies.
Pemo, the UAE-based fintech startup empowering businesses across the Middle East, North Africa and Pakistan (MENAP),has announced that it has launched its all-in-one spend management platform.
in3, a Dutch 'Buy-Now-Pay-Later' (BNPL) fintech, announced a $85.3 million Series B funding round from the British VC Force over Mass, U.S. institutional asset manager Waterfall Asset Management LLC and Dutch investor Finch Capital.
Nigerian fintech startup Grey, announced the launch of its service to East Africa starting with Kenya in partnership with payments company, Cellulant.
ZenLedger, a global player in cryptocurrency data analysis, accounting, and tax, announced the close of its $15 million Series B funding.
London-based fintech Paddle acquires ProfitWell to automate payments infrastructure for SaaS companies
Paddle, the complete payments infrastructure for SaaS companies, announced it has acquired ProfitWell, the provider of subscription metrics and retention automation software.
Fintech startup Consilient raises $3m seed funding round to develop next-gen financial crime compliance technology
Consilient, a fintech innovator aiming to transform financial crime compliance, announced it has secured a private $3 million seed funding round.
Hisa App, a Kenyan mobile investment platform that allows anyone in Kenya to invest in U.S. stocks and ETFs using mobile money, announced it was selected to join the NVIDIA Inception programme.
Kenyan fintech startup Bamba secured $3.2 million in seed funding to scale its app and build out its team. Venture capital firm 468 Capital led the round with participation from Presight Ventures.
Adanian Labs Africa incubated fintech startup MooveBeta has announced its merger with ImpalaPay, a fintech blockchain company with operations across 42 African countries and 134 worldwide.
Unit, the banking-as-a-service platform that empowers companies to embed financial services in their products, announced it has raised a $100 million in a Series C round led by global software investor Insight Partners.
Fintech startup GravyStack raises $5.2m to launch gamified financial literacy banking platform for kids & teens
Serial entrepreneurs Scott Donnell and Travis Adams have raised a $5.2 million seed round led by Altrus Capital and a pool of private investors to launch the GravyStack financial literacy app.
BridgerPay, a Limassol, Cyprus-based payment operations platform provider, raised $6 million in seed (equity and secondary) funding, to build the world's first self-onboarding payment operations platform.
Danish startup Januar ApS, announced the closing of €6 million round to become the leading one-stop crypto gate for European businesses, serving the growing crypto and digital asset industry with a market cap of $2 trillion.
South African fintech firm Hello Pay has launched a new high-end Android Mobile point-of-sale solutions (mPOS) for local merchants and SMEs.
Viva Technology, IFC announce 45 emerging African startups to compete for the 2022 AfricaTech Awards
Viva Technology and the International Finance Corporation (IFC), announced the top 45 startups that have been long-listed for the first edition of the AfricaTech Awards.
kevin., the Lithuanian fintech startup providing an advanced A2A (account-to-account) payment infrastructure to replace costly card transactions, announced it has secured $65 million in Series A funding.
Nigeria’s technology innovation centre Co-creation Hub (CcHUB) in collaboration with Google, Ministry of ICT and Innovation Rwanda, and Mojaloop Foundation, announced the nine startups selected for the Fintech Incubation Programme
Delta One, a Solana-based DeFi protocol, announced it raised $9.1 million seed round led by Alameda Research and Ship Capital, with participation from Solana Ventures.
Paysend, the UK-based fintech with over 6.5 million customers, announced the opening of its Americas headquarters in Miami.
Nigerian fintech startup ImaliPay closes $3m seed funding to bring financial services to gig workers
Nigerian fintech startup ImaliPay has closed $3 million seed funding round to bring financial services to gig workers.
SVB Financial Group (SVB), financial partner of the innovation economy and parent company of Silicon Valley Bank, announced the SVB Fellows Program, a fellowship program for Black, Latinx and women professionals.
Elloe, a US-based social e-Commerce startup focused on Kenya and emerging markets, announced the raise of an undisclosed amount in pre-Seed funding. Investors for the round were led by Philippines’ Mad Ventures, Inc.
African private equity fund manager, CardinalStone Capital Advisers (CCA), has appointed Shirley Somuah as a Partner, as it strengthens its presence in Ghana with a new office opening in Accra in Q2.
Tom Gong, Co-Founder AliExpress and former Technical Program Manager for Google Wallet, will be joining Lipa Later as the new Chief technology Officer effective March 2022.
Community-first mobile app Hive Wealth secures $600k deed round Investment from Black Tech Nation Ventures
Hive Wealth, a community-first mobile app that helps people grow their wealth and leave a legacy for future generations, announced it received $600K in funding from Black Tech Nation Ventures.
ComplyAdvantage, a global data technology company transforming financial crime detection, announced the release of a new Anti-Money Laundering Essentials Guide for Startups.
South African tech startup SmartWage raises $2m to bridge gap between enterprises and frontline employees
SmartWage, an innovative HR and communications technology startup, raised $2 million oversubscribed seed funding round to support its vision of transforming Africa’s workforce.
Access Bank has partnered with financial infrastructure startup Credrails to develop open finance rails that will dramatically improve the experience of banking customers across the continent.
African fintech Flutterwave announced it has gained approval from the Bank of Tanzania (BoT) to launch its payment service in the country.
Egypt’s on-demand bus-hailing company Swvl, announced a new partnership with African fintech mobility startup Moove to scale Moove’s revenue-based vehicle financing model across the MENAP region.
The LHoFT Foundation has announced the 10 African fintech startups that will take part in the special edition of CATAPULT: Inclusion Africa which will be held in Dubai, UAE.
HoneyQuote’s machine learning algorithm matches users with property insurance carriers in real-time. Its proprietary search engine allows consumers to shop and purchase homeowners' insurance online.
With more than $7 million in capital deployed in 2021, over $3 million invested in Q1 2022 and over $14 million since inception, Riverbend Capital has now participated in over 85 VC rounds across growth stages, sectors and geographies.
Lipa Later Group, Africa’s Buy-Now-Pay-Later (BNPL) firm, has announced the appointed Flutterwave Chief Executive Officer and Founder, Mr. Olugbenga ‘GB’ Agboola as a member of its advisory board.
Kenyan fintech credit provider 4G Capital has raised $18.5 million in Series C funding from global private equity firm Lightrock.
Cryptocurrency exchange platform Luno, a subsidiary of Digital Currency Group (DCG), has launched Luno Expeditions, an early-stage investment arm to support fintech and crypto/web3 startups from around the world.
Singapore-based Treehouse Finance raises $18m seed funding to establish a standard for DeFi analytics
Treehouse, a Web3 company transforming on-chain data into meaningful metrics to help decentralized finance (DeFi) investors make informed financial decisions, announced an $18 million seed round raise.
Ghanaian fintech startup Dash closes $32.8m seed round to create a unified payments app for Africans
Dash, the unified and accessible payments app, announced it has raised $32.8 million in an oversubscribed seed round, one of the largest seed rounds for an African technology startup.
Yuno, a Colombia-based startup has raised a $10 million seed round to bring to Latin American companies an easy online checkout solution that solves the pain point of managing multiple payment methods.
African blockchain payments startup Basqet announced the launch of its cryptocurrency payments gateway which will allow businesses to accept Bitcoin and other cryptocurrencies as payment.
Smart addressing startup OkHi secures $1.5m seed funding to drive smart address verification in Africa
Smart addressing startup, OkHi, has secured a $1.5 million seed extension, bringing the total of its seed funding to $3 million. This raise is supported by notable firms and individuals who, beyond funding, bring a wealth of expertise to OkHi.
Cadana, the salary on-demand startup has expanded operations into Nigeria following a strategic partnership with Flutterwave, Africa’s leading payments technology company.
South African fintechs Payflex and Merchant Capital launch cash advance solution for small retailers
Two South African fintechs, alternative lender Merchant Capital and buy-now-pay-later (BNPL) specialist Payflex, have launched a cash advance solution for small and mid-sized retail sector.
With the deal, iCapital takes over the management and operation of the bank’s private market feeder funds while Bank of Singapore retains client servicing responsibilities.
Payhawk, the payment and expense solution with offices in London, Sofia, Berlin, and Barcelona, has raised an additional $100m to extend its Series B round to $215m.
German investor CommerzVentures closes €300m third fund to support European fintech and insurtech startups
CommerzVentures, the specialist fintech investor, announced its third €300m fund, to go towards supporting early and growth-stage companies in the fintech and insurtech sectors.
M-KOPA, the fintech platform that provides connected financing and digital financial services to underbanked consumers across four markets in Africa, announced its $75 million growth equity round, bringing its total equity funding to $190 million.
Paperwork secures $2.5m seed funding to improve financial wellbeing of American families at all life stages
Paperwork, the financial wellness solution that transforms the way people organize and manage their financial lives, announced it has closed $2.5 million in seed funding in a raise led by Kickstart Fund.
Four African fintech startups have been selected to join the tenth cohort of the Catalyst Fund accelerator. The startups are among the six selected that are building solutions designed to improve the resilience of underserved.
Shenzhen-based fintech startup Dowsure Technologies, has attracted the attention of global strategic investors, fueling the growth of millions of e-Commerce sellers from China on marketplaces like Amazon, eBay, Shopee and more.
London-based fintech startup Nous raises $9m seed to help households navigate the cost of living crisis
Nous (to rhyme with ‘house’) a London-based fintech startup, announced it has raised a $9 million seed financing round to build out its service that helps households get smart and stay vigilant as they navigate the imminent cost of living crisis.
African fintech startup Flutterwave has unveiled a significant re-brand and identity during the Flutterwave 3.0, virtual event held on Friday, 18th February 2022.
South African fintech Troygold digitises R300b in Krugerrands allowing owners to use value for day-to-day transactions
South Africans have an estimated R300 billion in Krugerrands hidden in drawers and safes, unaware that they could be using the value of their gold to fund day-to-day financial transactions.
Nigerian fintech startup Earnipay which provides flexible and on-demand salary access to income-earners has closed a seed round of $4 million.
[African Startup Review] Pie Kamau: Nigerian fintech Flutterwave is now Africa's highest valued Unicorn
As the African fintech industry continues to bloom, so does the funding. Flutterwave has now become Africa's highest valued startup after closing $250 million Series D funding, bringing the company’s valuation to over $3 billion.
Technology company Flutterwave, announced it has raised $250 million in Series D funding, valuing the company at over $3 billion as the brand continues to transform the way Africans transact on the continent and worldwide.
Check, the payroll infrastructure company that lets platforms embed payroll into their products, announced it has raised a $75 million Series C led by Stripe, with participation from existing investors Bedrock, Thrive and Index.
Brazilian fintech startup Trace Finance raises $4.3m seed investment to disrupt global banking for Latin American startups
Trace Finance, a Brazilian fintech startup that enables faster and more streamlined cross-border banking for startups, has announced a $4.3 million seed funding round.