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Published: 06-04-2018 16:44:00 | By: Nico Scherphuis | hits: 527536 | Tags:

Food and beverage analyst Bryan Hunt joins Relevance Ventures as Senior Investment Manager
Published: 21-01-2021 | 10:22:00 | By: Pie Kamau
Relevance Ventures, the Native American privately owned and operated venture capital firm, announced that Bryan Hunt, a Chartered Financial Analyst (CFA), is joining the firm as a Senior Investment Manager.


Financial services startup Wimple closes seed round, hires development team for enhanced platform
Published: 21-01-2021 | 09:59:00 | By: Pie Kamau
Wimple, (Wealth made Simple), a platform for retail investors and consumers to ask financial questions and connect with top financial professionals in their area, has raised a seed round from strategic investors.


Canadian financial-planning startup Planswell eyes global expansion with C-suite appointments
Published: 21-01-2021 | 09:38:34 | By: Pie Kamau
Planswell, the Toronto-based startup delivering free financial plans in about three minutes at Planswell.com, is preparing for expansion to Latin America and Asia by filling key executive positions.


Arbol closes Series A raise, adds Mubadala Capital Ventures to its investment group
Published: 20-01-2021 | 10:46:00 | By: Pie Kamau
Insurtech platform Arbol Inc. announced it has closed its Series A fundraising round with commitments totaling nearly $7 million. Arbol's Series A round was oversubscribed and completed at a significant increase in valuation from its initial seed round.


TransUnion partners with South Africa's fintech startup Fincheck to improve access to finance for consumers
Published: 20-01-2021 | 08:54:00 | By: Pie Kamau
Global information and insights company, TransUnion, has partnered with South Africa’s financial marketplace, Fincheck, to make credit application process easier and less frustrating for consumers.


Fintech startup Bookkeeper360 raises $1m seed round to deliver SaaS business intelligence platform to small businesses
Published: 15-01-2021 | 11:22:00 | By: Pie Kamau
Bookkeeper360, a fintech company focused on accounting and advisory solutions for small businesses, announced $1 million in seed funding to support an increase in investor confidence for small business fintech solutions .


Minna Technologies raises €15.5 million to expand open banking tech to banks globally
Published: 15-01-2021 | 11:20:00 | By: Bob Koigi
Subscription management software tool Minna Technologies has raised €15.5 million in Series B fundraising led by Element Ventures.


Ten biggest startup layoffs in 2020 hit 25,500, Uber leads with 30 per cent, report
Published: 13-01-2021 | 14:17:00 | By: Bob Koigi
Data presented by Buy Shares indicates that approximately 25,500 jobs have been lost in the top ten largest startup layoffs amid the pandemic. The layoffs were recorded between March 2020 and January 2021.


Digital mortgage-servicing startup Brace raises $15.7m in Series B funding
Published: 13-01-2021 | 13:38:00 | By: Pie Kamau
Brace, a digital mortgage-servicing platform, announced it raised an additional $15.7 million in Series B funding led by Canvas Ventures.


Walmart announces creation of new fintech startup
Published: 12-01-2021 | 16:34:29 | By: Bob Koigi
Global retail corporation Walmart has announced the creation of a new fintech startup designed to develop and offer modern, innovative and affordable financial solutions.


UK fintech startup Curve closes $95 million in equity as it plans US launch
Published: 12-01-2021 | 16:25:10 | By: Bob Koigi
Curve, the London-based fintech that combines multiple cards and accounts into one smart card and even smarter app, has secured $95 million from a group of international investors as part of a successful Series C round.


[Startup Interview] Ted Martynov, Founder and CEO, CARMA, Nigeria
Published: 08-01-2021 | 09:26:00 | By: Bob Koigi
CARMA is an African-based startup offering proprietary decentralized technology allowing lenders to get more value by accessing data on a real-time basis. While non-lending organizations can also monetize their data which will increase their number of lenders.


SnapAP secures new equity investment financing led by Israel-based angel group
Published: 18-12-2020 | 11:56:45 | By: Pie Kamau
Snap Accounts Payable Corporation announced it has completed the first stages of a planned $2 million Seed Stage round of financing being led by a group of angel investors all located in Israel.


InfraCredit secures $27m investment to unlock infrastructure finance in Nigeria
Published: 14-12-2020 | 16:56:00 | By: Pie Kamau
InfraCredit, a specialised local currency infrastructure credit guarantee institution, announced the completion of $27 million equity investment from InfraCo Africa.


Nigerian logistics startup Kobo360, IFC invite for innovative cooling solution projects in Nigeria
Published: 09-12-2020 | 08:58:00 | By: Pie Kamau
IFC, a member of the World Bank Group, in partnership with Kobo360, an African digital logistics platform, announced an open call for innovators from around the world to bring climate-smart, temperature-controlled logistics (TCL) cooling solutions to Nigeria.


Cincinnati-based startup Pay Theory launches new purpose-built payment solution for education
Published: 07-12-2020 | 19:39:00 | By: Pie Kamau
Pay Theory, a Cincinnati-based startup, launched a new payment processing platform with the mission of making school fees and payments straightforward for all involved parties: families, educators, and administrators.


Nigerian Fintech startup CredPal raises $1.5m funding round
Published: 07-12-2020 | 19:24:00 | By: Pie Kamau
Nigerian consumer credit startup CredPal raised a $1.5million funding round, as the startup prepares to launch its credit cards for consumers in Nigeria.


Dot Investing launches online forum for individuals keen on alternative asset funds
Published: 03-12-2020 | 13:51:26 | By: Bob Koigi
Dot Investing, a fintech startup based in London, has launched an online investment platform that allows individual investors to invest in top private and alternative asset funds.


[Column] Patrick Ndegwa: Celebrating startups and digital businesses that are uplifting African communities
Published: 30-11-2020 | 15:39:17 | By: Pie Kamau
The digital economy has opened up many opportunities for global businesses. Large enterprises and small businesses have seen increased profits and enhanced productivity due to digital innovation.


Contour Venture Partners closes oversubscribed $82m fourth seed fund
Published: 24-11-2020 | 13:32:00 | By: Pie Kamau
Contour Venture Partners, a New York City based seed stage venture capital firm, announced the closing of Contour Venture Partners IV with $82 million of capital commitments, exceeding its target of $75 million.


Fintech startup Credit Key closes $33m Series A financing, expands footprint in B2B payments
Published: 23-11-2020 | 16:00:00 | By: Pie Kamau
Credit Key, the B2B e-commerce payments solution, closed $33.85 million in total series A financing to support growth with participation from Greycroft, Bonfire Ventures, Loeb.nyc and other investors.


African fintech startup Chipper Cash raises $30m backed by Amazon CEO Jeff Bezos
Published: 23-11-2020 | 15:02:00 | By: Pie Kamau
African fintech startup Chipper Cash has secured a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions, the personal venture capital fund of Amazon CEO Jeff Bezos.


South African fintech startup Ukheshe to acquire Oltio, strengthens partnership with Mastercard
Published: 23-11-2020 | 07:53:00 | By: Pie Kamau
South African fintech startup Ukheshe announced it has entered into an agreement to acquire Oltio, a mobile technology company that developed Mastercard’s QR payment service Masterpass in South Africa.


Italian fintech startup Satispay raises €93 million funding to accelerate growth
Published: 20-11-2020 | 13:47:52 | By: Bob Koigi
Satispay, an Italian fintech startup revolutionizing mobile payments, has announced a €93 million Series C round. The round consists of €68 million of newly issued primary shares and approximately €25 million secondary shares.


Bamboo Capital, Government of Madagascar, World Bank launch $40m energy access fund for Madagascar
Published: 20-11-2020 | 12:32:00 | By: Pie Kamau
Bamboo Capital Partners has been appointed by the Government of Madagascar and the World Bank as the international fund manager for the Off-Grid Market Development Fund, a $40 million renewable energy access fund.


South Africa's MetroFibre Networx completes new capital raise from AIIM and STOA
Published: 18-11-2020 | 11:25:26 | By: Pie Kamau
African Infrastructure Investment Managers (AIIM), Africa’s infrastructure-focused private equity fund managers, has acquired a minority equity stake in MetroFibre Networx, a South African open access fibre network operator.


UAE fintech startup Sarwa unveils next gen Sarwa X, announces partnership with Saxo Bank
Published: 17-11-2020 | 13:09:00 | By: Pie Kamau
Sarwa, online investment advisory platform for young professionals has unveiled its next-generation Sarwa X, a new product powered by a strategic partnership with Saxo Bank, a Fintech and Regtech specialist focused on multi-asset trading and investment.


[Startup Interview] Jon Cooper, CEO, Life.io, USA
Published: 17-11-2020 | 12:14:00 | By: Bob Koigi
Life.io is a US-based startup that helps companies accelerate the development of their end-to-end digital client experience with the Life.io Solution Suite: Grow, Engage and Empower. Jon Cooper the startup’s co-founder and CEO elaborates.


Digital investment platform Clim8 smashes target for latest funding campaign by 600%
Published: 13-11-2020 | 11:14:00 | By: Pie Kamau
As interest in sustainable investing continues to grow apace, Clim8 Invest (Clim8), a digital investment platform that help consumers invest exclusively in companies focused on tackling the climate crisis, has raised a further £2.4 million in funding.


British fintech startup ilumoni raises $450,000 to transform borrowing behaviours, help people repay debt
Published: 12-11-2020 | 13:34:00 | By: Pie Kamau
ilumoni, the fintech startup helping people to borrow better, save on unnecessary interest and time in paying off debts has raised $450,000 pre-seed investment backed by Move Ventures.


EML Finlab announces strategic investment in financial services startup Hydrogen
Published: 10-11-2020 | 11:50:24 | By: Bob Koigi
EML Payments Limited has made an initial investment via its FINLAB hub in innovative embedded finance and international payments platform The Hydrogen Technology Corporation.


Mastercard co-innovates with 10 new fintechs to reshape the future of commerce
Published: 10-11-2020 | 07:30:00 | By: Pie Kamau
Mastercard has welcomed 10 fintechs from around the world to participate in its startup engagement program, Start Path, to scale the future of commerce.


Kenyan fintech startup Kwara launches Customer Success Traineeship Program for university graduates
Published: 09-11-2020 | 15:24:05 | By: Pie Kamau
Kwara, a digital banking platform in Kenya announced the launch of a Customer Success Traineeship Program. The program is part of the company’s broader agenda to build capacity for rising young Kenyan professionals.


Swedish fintech startup Payer launches beta test program to revolutionize customer registration in B2B e-commerce
Published: 09-11-2020 | 14:51:00 | By: Pie Kamau
Financial Services startup Payer has developed a new registration product that revolutionizes how customer relationships are made between companies online.


Shift4 Payments acquires 3dcart ecommerce platform
Published: 07-11-2020 | 13:12:46 | By: Bob Koigi
Shift4 Payments, a provider of payment processing and technology solutions, has announced the acquisition of 3dcart, an ecommerce platform serving over 14,000 businesses.


Slice Labs and AXIS Insurance collaborate to bring home based business insurance to small businesses
Published: 04-11-2020 | 12:16:11 | By: Bob Koigi
Slice Labs Inc., a technology startup with the first on-demand insurance platform, has created an alliance with AXIS Insurance to distribute AXIS Home Based Business insurance to help protect small businesses.


Zip closes $100 million in debt funding from Victory Park Capital
Published: 04-11-2020 | 12:09:46 | By: Bob Koigi
Zip Co Limited, a player in the digital retail finance and payments industry,has announced it has closed a A$100 million debt funding agreement with Victory Park Capital, a global alternative investment firm.


Paxful partners with African fintech startup Uhuru Wallet to ease money transfers
Published: 04-11-2020 | 11:49:00 | By: Pie Kamau
Crypto marketplace Paxful announced it is adding Uhuru Wallet as a payment method to its platform, to help provide easy access to the crypto economy for users in Southern Africa.


Nigerian rental financing startup Kwaba secures funding from Ingressive Capital for expansion
Published: 03-11-2020 | 15:42:27 | By: Pie Kamau
Ingressive Capital, a $10 million VC fund targeting early-stage startups across Sub-Saharan Africa, announced its investment in Nigerian rental financing startup Kwaba.


Fintech startup ORSNN launches whole-loan trading platform to beta
Published: 02-11-2020 | 15:33:00 | By: Pie Kamau
ORSNN, a fintech startup that builds end-to-end solutions for managing and trading loan portfolios, launched a private beta platform that provides financial institutions with a low-cost, transparent, and automated loan-trading system.


SUMA Wealth launches transformative financial inclusion platform targeting Latino community
Published: 30-10-2020 | 14:16:47 | By: Pie Kamau
SUMA Wealth launched its platform to engage, educate and empower U.S.-born Millennial Latinos, a community vital to the U.S. economy, in their fight for financial inclusion.


Fintech startup PAYMYNT Financial announces patent-pending Universal Payment Rewards System
Published: 30-10-2020 | 12:39:30 | By: Pie Kamau
PAYMYNT Financial, a Greater Boston-based financial technology company, filed a patent application for its novel Universal Rewards System.


Fintech startup PAYMYNT Financial announces universal payment rewards system
Published: 30-10-2020 | 12:01:59 | By: Bob Koigi
PAYMYNT Financial, a Greater Boston-based financial technology company, filed a patent application for its novel Universal Rewards System.


Swedfund invests in femtech e-commerce startup Kasha Global to support women’s health in East Africa
Published: 30-10-2020 | 08:28:00 | By: Pie Kamau
Swedfund, the Swedish Development finance institution, announced its investment in Kasha Global, a Femtech e-commerce platform with subsidiaries in Rwanda and Kenya, to support women’s health and self-care.


Digital Mortgage startup Tomo raises $40m to streamline home buying
Published: 29-10-2020 | 12:46:00 | By: Pie Kamau
Tomo Networks, a fintech startup that will improve the homebuying experience, initially as a digital mortgage and transaction company, announced it has raised a seed round of $40 million led by Ribbit Capital, NFX and Zigg Capital.


Fintech startup Lightyear raises $3.7m to simplify how enterprises buy network infrastructure
Published: 28-10-2020 | 13:59:00 | By: Pie Kamau
Financial technology startup Lightyear announced the launch of its software platform for businesses to buy and manage their telecom and IT infrastructure online.


Mexican startup Akiba selected one of 50 most inclusive fintech companies worldwide
Published: 26-10-2020 | 15:04:25 | By: Pie Kamau
Mexican fintech startup Akiba was selected as one of the 50 best startups worldwide among 403 Startups from 111 countries, after a competitive selection and verification process by an independent panel of 35 experts.


Dutch fintech startup Silverflow raises €3m to launch its card payments processing technology in 2021
Published: 23-10-2020 | 10:52:00 | By: Pie Kamau
Global payment technology company Silverflow announced a €2.6 million seed funding round, led by UK-based seed-stage investor Crane Venture Partners with participation from INKEF Capital and notable angel investors and industry leaders


Digital payments startup Wirex launches waitlist for multicurrency Mastercard debit card
Published: 22-10-2020 | 10:36:08 | By: Pie Kamau
London-based digital payments startup Wirex has launched the waitlist for a new multicurrency Mastercard debit card, just days after its record-breaking crowdfunding campaign came to a close, raising £3.7 million in 2 weeks.


[Startup Interview] Jeremy Mah, CEO, NeuXP, Malaysia
Published: 22-10-2020 | 07:36:00 | By: Bob Koigi
NeuXP is an integrated digital banking startup based in Malaysia that is positioning itself as the amazon of banking by providing a complete ecosystem with innovative services and leading-edge financial management tools.


Australian retail tech startup Tiliter raises $7.5m for cashierless AI shopping technology
Published: 21-10-2020 | 11:16:00 | By: Pie Kamau
Tiliter, artificial intelligence (AI) provider whose technology uses computer vision to recognise products without barcodes compled a $7.5 million capital raise led by Investec Emerging Companies (IEC).


Indonesian blockchain startup Tokoin introduces DeFi Program for investors and MSMEs enterprises
Published: 20-10-2020 | 09:36:00 | By: Pie Kamau
Tokoin, an Indonesian startup using blockchain technology to reduce the barriers that small and medium scale enterprises face while trying to access credit, has introduced BISS DeFi Program to benefit both investors and partner enterprises.


Stripe acquires Nigeria's fintech startup Paystack to accelerate online commerce across Africa
Published: 16-10-2020 | 08:58:00 | By: Pie Kamau
Stripe has entered into an agreement to acquire Paystack, a fintech startup based in Lagos, to make it easy for organizations of all sizes to collect payments from around the world, and help increase Africa’s online GDP.


Galileo partners with fintech startup Save to process $7b in transactions and funds
Published: 15-10-2020 | 15:24:00 | By: Pie Kamau
Save and Galileo announced a partnership agreement to use Galileo's powerful and customizable API-based payments processing platform to process transactions and funding.


Greenwood closes $3m seed round to build online banking solution for Blacks and Latinx
Published: 09-10-2020 | 17:51:00 | By: Pie Kamau
Greenwood has secured $3 million in seed funding from private investors as the first digital banking platform for Black and Latinx people and business owners.


Onlnine lending startup VIVA Finance secures $2.3 million funding to expand access to credit
Published: 09-10-2020 | 11:33:59 | By: Bob Koigi
Fueling its efforts to expand access to credit and greater financial health, Atlanta-based fintech lender VIVA Finance has closed a $2.3 million seed round led by Acumen Fund.


Texas-based startup Viva First launching new mobile bank for Latinos in the U.S.
Published: 08-10-2020 | 15:02:00 | By: Pie Kamau
Texas-based startup, Viva First, is launching a new mobile bank with the Latino community in mind, all 52 million in the United States.


Castles Technology acquires fintech startup Spire Payments
Published: 07-10-2020 | 13:12:29 | By: Bob Koigi
Castles Technology, one of global payment solutions providers which offers services to more than 50 countries around the globe, has announced completion of the acquisition of the business and assets of Spire Payments,


U.S. fintech startup DoubleChec appoints Bill Amelio as Co-CEO and Executive Chairman
Published: 07-10-2020 | 13:08:00 | By: Pie Kamau
DoubleCheck, financial technology startup, announced the appointment of Bill Amelio as Co-Chief Executive Officer and Executive Chairman.


Ten startups selected for 2020 FinTech Innovation Lab Asia-Pacific
Published: 07-10-2020 | 12:59:03 | By: Bob Koigi
Ten fintech companies have been selected for the seventh annual FinTech Innovation Lab Asia-Pacific, a mentorship program created by Accenture.


Subscription Management startup Chargebee secures $55m to capture global shift to subscriptions
Published: 07-10-2020 | 12:51:00 | By: Pie Kamau
Chargebee, the subscription billing and revenue operations platform powering thousands of fast-growth subscription businesses announced a $55 million Series F funding round led by Insight Partners.


Nigerian mobility startup MAX.ng partners with DLM Capital to transform transportation finance in Africa
Published: 01-10-2020 | 09:09:00 | By: Pie Kamau
Metro Africa Xpress, a mobility platform in Nigeria and West Africa, announced the successful issuance of a ₦400m 1-year fixed-rate notes under its newly structured ₦10bn/$22m Private Company Bond program.


Alfa Bank, Plug and Play collaborate on innovation in Fintech
Published: 30-09-2020 | 14:39:00 | By: Pie Kamau
Along with 80 other financial institutions across the United States, Frankfurt, Amsterdam, Milan, Paris, Abu Dhabi, Shanghai, Singapore, and Tokyo, Alfa Bank will join Plug and Play's global ecosystem.


Mastercard announces Fintech Express to empower Middle East and Africa fintechs to launch and expand rapidly
Published: 24-09-2020 | 16:49:00 | By: Pie Kamau
Mastercard has launched Fintech Express in the Middle East and Africa (MEA), a program designed to facilitate emerging fintechs’ launch and expansion.


EasySend raises $16m to enable insurance companies and financial institutions to build a no-code digital future
Published: 24-09-2020 | 14:03:00 | By: Pie Kamau
EasySend, the no-code AI-powered platform transforming manual processes into digital journeys, announced it has raised $16 million in funding following the completion of an $11 million Series A round led by Hanaco with participation from Intel Capital.


Insurtech startup cogniSure launches AI platform for commercial loss run automation with 9 pilot customers
Published: 24-09-2020 | 13:44:00 | By: Pie Kamau
The insurance industry spends a significant amount of manual effort, time and money analyzing PDF and Excel loss runs that are in nonstandard, carrier-specific, unstructured document formats.


 [Startup Interview] Myron Leskiv, CEO, Atama.AI, Netherlands
Published: 24-09-2020 | 08:42:00 | By: Bob Koigi
Atama A.I is a Netherlands startup that develops Artificial Intelligence-based trading algorithms for financial markets informed by years of research and development. It uses over 170 technical indicators and trained and back-tested millions of times to predict where the markets will go.


Clearent acquires field-services-management solution Wintac
Published: 23-09-2020 | 12:20:00 | By: Bob Koigi
Payment-solutions provider Clearent has acquired Wintac, a field-service-management software solution primarily targeting residential contractors.


Brazil fintech startup Zoop secures $11.4 million funding to accelerate growth
Published: 23-09-2020 | 12:09:45 | By: Bob Koigi
Movile, one of Latin America’s investors and growth accelerators for technology companies, has announced the company led a new investment of R$ 60 million in Zoop, a startup in financial services for the B2B market.


Finch secures $1.8m to launch all-in-one checking and investing account for millennials
Published: 22-09-2020 | 13:56:00 | By: Pie Kamau
Finch, a New York based fintech startup that integrates the benefits of investing and the flexibility of checking into an all-in-one account has raised $1.8 million in seed funding to launch its platform and help transform how people manage their money.


ARM launches API service for fintech startups in Nigeria
Published: 22-09-2020 | 09:33:00 | By: Pie Kamau
Nigeria's financial services provider ARM launched ARM Sandbox, a new and more efficient way for fintechs to scale their integration and customer acquisition plans.


South Korean fntech startup WireBarley raises $10m Series B to strengthen global remittance service capabilities
Published: 21-09-2020 | 14:10:00 | By: Pie Kamau
South Korean fintech startup in global memittance WireBarley has raised $10 million in Series B funding from Magna Investment, Shinsegae I&C and Dt & Investment.


Plug and Play selects 147 startups for its winter 2020 batches
Published: 18-09-2020 | 12:02:00 | By: Pie Kamau
Plug and Play announced the selection of 147 new startups into its winter 2020 batches. The startups were selected to join one of the following programs that will run through November 2020.


Fintech startup KodyPay raises £1.8m to transform payments industry
Published: 17-09-2020 | 12:35:00 | By: Pie Kamau
London based fintech startup KodyPay, raised £1.8 million to transform the payments industry, allowing users to pay for goods in-store without queueing thereby making shopping a prompt and effortless process.


Trust Payments partners with messaging and e-commerce startup Wakanda Messenger to empower Africans around the world
Published: 17-09-2020 | 11:05:41 | By: Pie Kamau
Trust Payments, the global unified payments group for global pay-in, pay-out and customer journey technologies, has partnered with social network, messaging and e-commerce startup Wakanda Messenger.


First AML raises $5.4 million to boost its anti-money laundering tech solution
Published: 16-09-2020 | 18:41:30 | By: Bob Koigi
First AML has raised $5.4 million in a Series A funding round led by US-based Bedrock Capital, with support from existing investors Pushpay founder Chris Heaslip and Icehouse Ventures.


Flagstar Bank now accepting applications for MortgageTech Accelerator Program
Published: 16-09-2020 | 14:42:00 | By: Pie Kamau
Flagstar Bank and the Fintech Consortium are accepting applications for the Flagstar MortgageTech Accelerator Program now through Sept. 30.


MetLife partners with 10 startups to develop financial wellness solutions for customers
Published: 16-09-2020 | 11:01:35 | By: Bob Koigi
MetLife, Inc. has announced its third annual class of startups to participate in the MetLife Digital Accelerator powered by Techstars.


Spain's Banco Santander spins out fintech venture capital arm, doubles allocated funds to $400m
Published: 11-09-2020 | 13:07:00 | By: Pie Kamau
Banco Santander announced the launch of Mouro Capital, a new, autonomously managed venture capital fund focused on fintechs and adjacent businesses linked with the financial services industry.


Oyster closes $ 14 million seed round to accelerate its expansion in Mexico
Published: 11-09-2020 | 09:20:00 | By: Bob Koigi
Oyster has announced the closing of a $14 million seed round. This is the largest venture capital investment for a seed round in Latin America to date under the LAVCA umbrella.


Dutch fintech startup Mollie raises €90 million to scale operations across Europe
Published: 09-09-2020 | 16:59:22 | By: Bob Koigi
Dutch-based payment service provider Mollie has announced the closing of €90 million in its Series B funding round, taking the total amount raised by the company to €115 million.


Fintech startup Thunes raises $60m in Series B funding to accelerate global growth
Published: 08-09-2020 | 14:19:00 | By: Pie Kamau
Fintech startup Thunes, which operates a global B2B cross-border payments network, continues to attract investment as emerging markets take off.


Paul Lamontagne steps down as CEO of FinDev Canada
Published: 07-09-2020 | 11:27:26 | By: Pie Kamau
Following close to three years as the first CEO of Findev Canada, Paul Lamontagne has announced that he is stepping down effective September 11, 2020.


Fintech startup Kira closes oversubscribed $2.2m private round led by blockchain investors
Published: 20-08-2020 | 16:32:00 | By: Pie Kamau
Kira, a decentralized finance technology company, successfully closed its Seed round backed by the private equity firm Ascensive Asset Management and Alphabit Fund.


Creative Chaos, RallyCry Ventures announce $2.5m forgivable loan program for pre product startups
Published: 20-08-2020 | 12:40:00 | By: Pie Kamau
With pre product startup founders struggling to raise capital due to the COVID pandemic, Creative Chaos along with RallyCry Ventures launched a MVP Financing Program to help founders build their ideas during these difficult times.


Dutch fintech startup Bux launches in Belgium
Published: 19-08-2020 | 15:40:21 | By: Bob Koigi
BUX has launched its zero-commission investing app, BUX Zero, in Belgium.


U.S. fintech startup Robinhood closes $200m in Series G funding
Published: 18-08-2020 | 14:49:00 | By: Pie Kamau
U.S. fintech startup Robinhood announced a $200 million Series G funding at an $11.2 billion valuation from D1 Capital Partners.


Estonian fintech startup EvoEstate secures €320K pre-seed round for global expansion
Published: 18-08-2020 | 14:26:00 | By: Pie Kamau
Estonian fintech startup EvoEstate announced a €140K pre-seed extension to close its €320K pre-seed round, backed by Lithuanian Startup Wise Guys, a Hong Kong-based stealth investment fund, and business angels from France and the Baltics.


Fintech startup Robinhood to expand customer experience team with new employees across the U.S.
Published: 18-08-2020 | 13:59:00 | By: Pie Kamau
Financial services startup Robinhood announced that this year, the company plans to hire hundreds of additional registered financial representatives in Southlake, Texas, and Tempe, Arizona.


CaixaBank launches open innovation program to support startups in Spain and Portugal
Published: 18-08-2020 | 12:49:00 | By: Pie Kamau
CaixaBank has launched a new open innovation program to support startups in Spain and Portugal called the DayOne Open Innovation Program.


Teller secures $1 million financing to build credit risk protocol  
Published: 13-08-2020 | 13:02:00 | By: Bob Koigi
Teller, a blockchain project for decentralized lending incubated by A16Z’s crypto startup school, has announced a $1 million seed raise led by Framework Ventures.


Seattle based fintech startup Routable raises $12m for efficient business payments
Published: 12-08-2020 | 15:57:00 | By: Pie Kamau
Seattle based fintech startup Routable has raised $12 million in Series A funding from Founders Co-op, Lee Fixel, Y Combinator, Box Group, Liquid 2 Ventures, Jason Gardner, Gokul Rajaram, Aaron Schildkrout, Sam Hodges, Immad Akhund, and many others.


Austrian startup kompany accelerates growth with new funding, brings total raised to €14 million
Published: 05-08-2020 | 12:19:00 | By: Pie Kamau
kompany, an award winning RegTech platform for Business KYC (KYB) announced new investment of almost €6 million to accelerate growth and expand its new product lines.


UK startup Quantexa raises $64.7m to drive hyper-growth in big data and analytics ecosystem
Published: 31-07-2020 | 12:26:00 | By: Pie Kamau
Quantexa, the contextual decision intelligence software company, announced that it has raised $64.7 million in Series C funding led by Evolution Equity Partners, with major participation from existing investors.


ComplyAdvantage raises $50 million to boost financial crime fight with machine learning
Published: 31-07-2020 | 11:34:00 | By: Bob Koigi
ComplyAdvantage, a global technology company transforming financial crime detection, has announced the close of a US$50 million Series C funding round, bringing the total investment to date to $88 million.


Xavier Chapel joins GreenTec as Head of Venture Building
Published: 28-07-2020 | 12:54:00 | By: Pie Kamau
GreenTec Capital announces that Xavier Chapel has joined the team in the role of Head of Venture Building, to leverage his extensive international and entrepreneurial experience in selecting startups that best fit GreenTec investment criteria.


Moroccan fintech startup OnePay announces $417,000 investment from Maroc Numeric Fund II
Published: 22-07-2020 | 13:13:00 | By: Pie Kamau
OnePay, a Moroccan fintech startup that operates as a distributor of means of payment and aggregator of payment and value-added services in electronic transactions announced a $417,000 investment from Maroc Numeric Fund II.


Dutch fintech startup BUX launches zero-commission investing app to French users
Published: 20-07-2020 | 16:48:00 | By: Pie Kamau
Dutch fintech startup BUX has launched its zero-commission investing app to French users, making it the first neobroker of its kind in the market.


Dutch startup Cevinio raises €4.5m to accelerate international growth
Published: 20-07-2020 | 16:18:00 | By: Pie Kamau
Cevinio, a fast-growing Accounts Payable software company from Rotterdam has raised €4.5 million from Endeit Capital and CNBB Venture Partners.


CDC backs Helios Investment with $100m commitment
Published: 15-07-2020 | 14:40:00 | By: Pie Kamau
CDC Group, UK’s development finance institution and leading impact investor, has committed $100 million to Helios Investors IV, the fourth private equity fund raised by Helios Investment Partners, a leading Africa-focused private equity firm.


IFC helps boost clean tech startups in Egypt, enables farmers switch to solar
Published: 15-07-2020 | 12:41:00 | By: Pie Kamau
IFC is joining forces with the National Bank of Egypt and MSMEDA to strengthen the clean technology entrepreneurship sector and boost Egyptian farmers’ access to finance for solar irrigation.


Catalyst Fund announces seventh cohort of inclusive fintech startups
Published: 09-07-2020 | 15:35:37 | By: Bob Koigi
Catalyst Fund, the global inclusive fintech accelerator, has announced that six new fintech startups, from Nigeria, South Africa, Mexico and India are joining its existing portfolio of 31 companies.


Enygma Ventures invests $1m in Zambian fintech startup Lupiya
Published: 09-07-2020 | 14:17:00 | By: Pie Kamau
Enygma Ventures has made a $1 million investment in Zambian based micro finance startup, Lupiya. This investment, will enable Lupiya to continue to scale and roll out its services.


German startup NavVis receives €20m funding from the European Investment Bank
Published: 08-07-2020 | 15:01:00 | By: Pie Kamau
The European Investment Bank (EIB) and NavVis signed a contract financing of €20 million to NavVis, a global market leader in digital twin technology.


Nigeria's FCMB, Passion Incubator partner to launch FCMB Agritech Epic Pitch 2020
Published: 07-07-2020 | 16:27:00 | By: Pie Kamau
Nigeria's First City Monument Bank (FCMB) has partnered with Passion Incubator, a Lagos-based early-stage incubator and accelerator that has invested in some Agritech startups, to launch the virtual edition of the FCMB Agritech Epic Pitch 2020.


[Startup Interview] Rajat Dayal, CEO, Yabx, India
Published: 07-07-2020 | 11:57:00 | By: Bob Koigi
Yabx targets the unbanked population in the emerging markets of Africa, Asia, and Latin America by leveraging the digital footprints of an individual and providing tailor-made financial services. The startup’s founder and CEO Rajat Dayal explains.


New York fintech startup CMG raises $25m to digitally connect equity capital markets participants
Published: 04-07-2020 | 13:27:00 | By: Pie Kamau
Capital Markets Gateway (CMG), a New York based financial technology firm modernizing the equity capital markets (ECM) announced it received a strategic investment of $25 million from several financial firms.


Symmetrical.ai closes €5.6 million seed funding to offer ethical finance to Europe employees
Published: 03-07-2020 | 11:05:43 | By: Bob Koigi
Symmetrical, a company that partners with employers to give their employees financial freedom and peace of mind has closed a €5.6 million.


Fintech startup Revenued acquires Sky Bridge Business Funding to boost business financing solutions
Published: 03-07-2020 | 11:04:07 | By: Bob Koigi
Revenued, a US-based financial technology startup founded in 2018, has announced the acquisition of Sky Bridge Business Funding.


MFS Africa acquires East Africa fintech startup Beyonic
Published: 03-07-2020 | 09:48:00 | By: Pie Kamau
East Africa fintech startup Beyonic announced that the company has been acquired by MFS Africa. MFS Africa operates Africa’s largest digital payments hub, connecting more than 200 million mobile wallets on the continent.


Nigerian fintech startup Wallets Africa raises undisclosed amount for African expansion
Published: 01-07-2020 | 15:54:00 | By: Pie Kamau
Nigerian fintech startup Wallets Africa has raised an undisclosed amount of funding to expand its operations and continue its quest to become Africa’s foremost borderless digital payments platform.


Egypt fintech startup MoneyFellows nabs $4 million to drive financial inclusion
Published: 26-06-2020 | 13:18:00 | By: Bob Koigi
Egyptian fintech startup MoneyFellows has secured $4 million in Series A investment from venture capital firms Partech and Sawari Ventures.


Memo Bank becomes first independent bank launched in France, closes $23 million funding round
Published: 24-06-2020 | 14:07:00 | By: Pie Kamau
French startup Memo Bank has become the first independent bank to emerge in France in half a century and it aims to support the growth and digital transformation of French and European small and medium-sized enterprises.


German startup Elucidate raises €2.5m to expand its financial crime index
Published: 24-06-2020 | 13:02:00 | By: Pie Kamau
Berlin-based financial crime risk quantification agency Elucidate has raised €2.5 million investment led by Silicon Valley-based 11.2 Capital with other participants in the round including Seed X Liechtenstein, Apex Ventures, Big Start Ventures and SixThirty Ventures.


[Startup Interview] Olayemi Bamisile, Co-Founder, Byngo Investments, Liberia
Published: 24-06-2020 | 12:03:00 | By: Bob Koigi
Byngo Investments offers access to financial services that are found around the globe to Africans who do not have access to the same tools.


Pan-European startup EstateGuru exceeds €350K funding target by 252 %
Published: 09-06-2020 | 13:04:00 | By: Pie Kamau
Pan-European marketplace for short-term, property-backed loans, EstateGuru has closed a €880K funding round on investment platform Seedrs.


Paypal invests in Sweden fintech startup Tink to grow European footprint
Published: 05-06-2020 | 16:13:00 | By: Bob Koigi
Paypal has invested €90 million in Stockholm-based fintech Tink and entered into a strategic agreement with the startup.


UK cryptocurrency startup Plutus announces partnership with Nike
Published: 04-06-2020 | 15:23:00 | By: Bob Koigi
London-based Plutus​, a Fintech firm has announced an affiliate partnership with sports apparel giant, Nike.


EBRD, Wise Guys startup enter Fintech accelerator partnership
Published: 04-06-2020 | 08:51:00 | By: Pie Kamau
Start-ups across the regions where the European Bank for Reconstruction and Development (EBRD) invests will benefit from a new partnership between the Bank and Startup Wise Guys, a leading start-up accelerator with a presence across the Baltic states.


Global payment processor Checkout.com acquires Australian startup Pin Payments
Published: 29-05-2020 | 17:10:00 | By: Bob Koigi
Checkout.com has acquired Australian startup, Pin Payments. The move represents the next chapter of Checkout.com’s momentum across APAC.


US fintech startup PruPay partners with PayPal to launch touchless payments
Published: 29-05-2020 | 16:56:00 | By: Bob Koigi
PruPay, a U.S.-based payments technology company has joined forces with PayPal to launch touchless pay for customers through text messaging.


Iceland startup Meninga raises €8.5 million to grow digital banking offering
Published: 28-05-2020 | 14:38:00 | By: Bob Koigi
Iceland-based Meniga has closed a €8.5 million strategic investment that will be used for continued investment in its research and development activities.


UK online investment startup Freetrade closes £7 million crowdfunding round
Published: 22-05-2020 | 15:18:59 | By: Bob Koigi
Online investing platform Freetrade, has defied the Covid-19 lockdown to raise £7 million from more than 8,000 people.


Kenya's Apollo Agriculture secures $6 million funding to reach more farmers
Published: 22-05-2020 | 09:37:26 | By: Bob Koigi
Kenya’s agritech and financial services startup Apollo Agriculture has raised $6 million in Series A financing to bolster its resolve to empower small-scale farmers to maximize their profits.


US digital insurance startup Coalition secures $90 million to tackle cyber risks
Published: 21-05-2020 | 11:12:00 | By: Bob Koigi
Coalition, a US cyber insurance and security startup has raised $90 million in equity capital to fuel its mission to solve cyber risk, and support its rapid growth and global expansion.


Nigeria fintech startup Carbon launches new social banking service
Published: 21-05-2020 | 11:04:00 | By: Bob Koigi
Carbon in an effort to improve the experience of its customers, has launched Carbon Express - A keyboard extension that allows customers to access Carbon services from within whatever app they are using.


UK fintech CountingUp receives £4milion for its banking and accounting app
Published: 20-05-2020 | 13:11:19 | By: Bob Koigi
London-based fintech startup Countingup has received £4milion from venture capital firm ING Ventures to bolster its mobile banking app.


New York investment management startup Vise secures $14.5 million funding
Published: 19-05-2020 | 15:07:29 | By: Bob Koigi
Vise, an AI-driven investment management platform built for the modern financial advisor, has secured $14.5 million in Series A funding, bringing the total capital raised since Vise's founding to over $16 million.


French fintech startup Agicap raises €15 million to bolster operations
Published: 19-05-2020 | 12:51:36 | By: Bob Koigi
Agicap, a French-based startup building a SaaS platform for SMBs to manage and forecast their cash flows, has raised €15 million in a round led by Partech.


Swiss fintech startup Alpian secures €11.5 million to launch digital bank
Published: 09-05-2020 | 08:41:00 | By: Bob Koigi
Swiss digital financial services company, Alpian SA, has announced a successful Series A funding round worth CHF 12.2 million, approximately €11.5 million.


[Startup Interview] Nick Belmont, Chief Sales Officer, TBP Limited, UK
Published: 08-05-2020 | 13:10:49 | By: Bob Koigi
TBP Limited, a UK fintech startup, operates tbeep™, an electronic platform offering corporations a faster and smarter model that addressess the delays and physical interaction involved with handling money, cheques, and paperwork.


Germany-based Zeitgold raises €27 million to automate bookkeeping
Published: 07-05-2020 | 10:37:00 | By: Bob Koigi
Zeitgold, has announced it has raised €27 million in Series B funding as it seeks to grow its footprint in small business accounting automation business.


Funding dip hits early stage startups hard amid COVID-19, HexGn study
Published: 29-04-2020 | 11:51:25 | By: Bob Koigi
Early-stage startups have been hit the hardest in the first quarter of 2020, with early-stage funding rounds dropping by a massive 41 per cent globally as compared to quarter one of 2019.


[Startup Interview] Babatunde Akin-Moses, CEO, Sycamore, Nigeria
Published: 26-02-2020 | 22:26:00 | By: Pie Kamau
Babatunde Akin-Moses is the CEO of Sycamore a Nigerian company offering peer to peer lending while connecting lenders to borrowers.