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.
Brite Payments has announced a $60m funding round.
Revio has announced a seed investment round of $5.2m.
Backbase announced its strategic partnership with FrankieOne.
HealNow has announced a $5.5m seed round led by Bonfire Ventures.
Lipa Later Group is a global trailblazing innovator recognized as one of Africa's Fastest-Growing Fintech Companies by the Financial Times that continues to reshape the finance, payments, and e-commerce landscape in Africa.
LemFi (formerly Lemonade Finance), has raised $33 million Series A round.
Okoora, the Swiss-Israeli fintech startup has partnered with Paysend.
Insurtech startup Functional Finance secures $8m in seed capital.
Visa has opened applications for startups to participate in the first cohort of the Visa Africa Fintech Accelerator program.
Salve FH has selected Finastra Essence to reduce payment delays.
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.
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.
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.
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.
Gate Pay, the crypto payment service product by the global leading CEX Gate.io, announced a strategic partnership with CityPay.io, a fast-growing crypto payment startup based in Georgia.
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.
Brands and merchants are constantly adapting to the ever-changing forces that shape the retail landscape
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.
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.
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.
Ted Martynov leads CARMACHAIN, a fintech outfit operating in Nigeria that enables credit data for lenders in markets underserved by credit bureaus.
[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.
Mintoak, an India-based software-as-a-service (SaaS) platform focused on merchant services, has raised $20 million in Series A funding round led by PayPal Ventures.
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.
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.
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.
Saudi Arabian HR tech startup Palm.hr raises $5m pre-Series A round to expand across the MENA region
Palm.hr, a Saudi Arabian HR firm that automates payroll, tracks leaves and absences and monitors employee performance, announced it has secured $5 million in a pre-Series A round.
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.
Squid, a Zug, Switzerland-based provider of a routing protocol that enables users and developers to easily access cross-chain liquidity, raised a $3.5m seed round led by North Island Ventures.
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.
SphereOne, a crypto payment platform that allows users to make purchases with any cryptocurrency, across any blockchain, announced the closing of a $2.5 million seed round.
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.
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.
With the evolution of society, the use of money as a means of exchange in any financial transaction has become increasingly essential; it represents the value that a product, exemplary, or service can have worldwide.
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.
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.
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.
Swiss Web3 payment startup DePay, announced it is joining forces with the self-hostable, open-source eCommerce plugin WooCommerce, pushing decentralization further and providing merchants with the ability to have customers send payments directly to their own wallets.
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.
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.
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.
BNP Paribas announced the signature of an agreement for the acquisition of Kantox, a fintech for the automation of currency risk management.
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.
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.
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.
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.
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.
PayIt, the company modernizing interactions between governments and residents, has closed a $90 million investment from Macquarie Capital Principal Finance.
Kompliant, the U.S.-based compliance startup closed a $14 million seed round led by Level One Fund. Kompliant solves for end-to-end compliance lifecycle management through leading-edge technology and innovative workflows.
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.
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.
Crypto is one of the biggest aspects of modern finance and technology. For businesses, this revenue stream could provide major boosts to sales numbers, with crypto payments giving customers more freedom while also bringing benefits.
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.
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.
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.
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.
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
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.
Request Finance, the Web3 enterprise crypto payments startup, has closed a $5.5 million seed round with institutional backers including Animoca Brands, Europe's leading early-stage venture capital investor Balderton Capital, and XAnge.
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.
Swiss Web3 payment startup DePay, announced its official integration into omnichannel commerce platform Shopify, allowing for the very first integration of a wallet-to-wallet (P2P) payment solution for eligible Shopify merchants.
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.
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.
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.
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.
South African fintech firm Hello Pay has launched a new high-end Android Mobile point-of-sale solutions (mPOS) for local merchants and SMEs.
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.
Paysend, the UK-based fintech with over 6.5 million customers, announced the opening of its Americas headquarters in Miami.
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.
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.
Cadana, the salary on-demand startup has expanded operations into Nigeria following a strategic partnership with Flutterwave, Africa’s leading payments technology company.
Palamon Capital Partners and Corsair announced that funds managed by Blackstone have agreed to make a £140 million strategic investment in Currencies Direct.
Cybersecurity startup MindWise announced the launch of an equity crowdfunding campaign on MicroVentures.
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.
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.
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.
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.
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.
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.
Zbooni, MENA's c-Commerce (connected commerce) platform, has announced its official launch in Egypt. The rapidly scaling startup, which is backed by regional and global investors, will support the backbone of the Egyptian economy.
South African API fintech startup Stitch has raised a $21 million Series A funding round to scale its operations.
Silicon Valley fintech startup Branch raises $300m to open mobile ecosystem, provide solution to walled gardens
Branch, the cross-platform solution for mobile linking and attribution, has secured $300 milion in funding at a $4 billion valuation, led by existing investor NEA.
Fraugster partners with Dutch-based fintech startup Payaut to provide fraud prevention services to e-Commerce marketplaces
Fraugster, a German-Israeli payment intelligence company, has partnered with marketplace payout specialist Payaut, an Amsterdam-based fintech startup, to provide fraud prevention services to marketplaces.
The startup ecosystem in Africa is taking shape. A lot of technological innovations especially in the areas of fintech, e-mobility, e-commerce, healthtech, foodtech and cleantech have seen accelerated growth towards Africa’s digital transformation and innovation.
m3ter, a metering and pricing engine for SaaS companies, launched from stealth with the announcement of $17.5 million in funding. The investment will support m3ter as it builds on significant early traction to expand into new markets.
Pay Theory, a Cincinnati-based fintech startup, has closed a $2 million seed funding round led by Zeal Capital Partners, a Washington, D.C.-based venture capital firm known for its commitment to inclusive investing.
Flexio, a platform revolutionizing business-to-business (B2B) payments in Latin America, announced it has raised $3 million seed round led by Costanoa Ventures with participation from Soma Capital.
Cannabis banking fintech company Abaca surpassed compliantly processing more than two billion dollars in commerce for the cannabis industry.
South African fintech, Ukheshe Technologies, has significantly improved its B-BBEE performance, becoming one of the only South African fintech enablers to achieve a Level One B-BBEE Contributor certification.
F-Prime Capital launches F-Prime Fintech Index to track the performance of disruptive fintech startups
F-Prime Capital announced the launch of The F-Prime Fintech Index, designed to track the performance of disruptive fintech companies enabling the delivery of core financial services across payments.
Compensation management startup Assemble raises $5m seed to make compensation a strategic differentiator
Assemble, a compensation platform for forward-thinking organizations announced a $5 million seed round led by Susa Ventures. Goldcrest Capital and several angel investors participated in the round.
Canadian fintech startup Periculum launches in Nigeria to build credit assessment infrastructure for Africa
Canadian fintech startup and credit assessment company Periculum, has launched in Nigeria to tackle the challenge of domestic credit to the underserved markets.
Seattle-based fintech startup Seashell unveils inflation-resistant investment product alongside $6m seed round
Seashell, the fintech company dedicated to building a consumer-first, modern banking and investment experience, emerged from stealth with the announcement of Seashell Save.
Fintech Farm, a British fintech company creating neobanks in emerging markets, raised $7.4 million investment to develop its new project.
Lipa Later, one of it’s kind buy-now-pay-later (BNPL) company operating in Kenya, Rwanda, Uganda and Nigeria, has raised $12 million from a consortium of investors.
Emergency relief startup Canary raises $1.5m pre-seed funding to reinvent access to emergency funds at work
Canary, an emergency relief platform that makes it easy for employers to raise and distribute tax-advantaged payments for workers experiencing financial hardships, has raised $1.5 million in pre-seed funding.
Nashville-based worker’s compensation startup InsurePay secures Series B investment, buys Split Limit Studios
InsurePay, an Insuretech Property and Casualty (P&C) billing and payments platform, including workers' compensation insurance premium billing and payments has secured a Series B investment.
Berlin-based fintech startup Denario raises €1.3m to automate B2B payments experience for small businesses
Berlin-based fintech startup Denario announced the closing of €1.3 million venture funding led by 468 Capital, with participation from Presight Capital and MPGI.
Orange Ventures has opened applications for its Seed Challenge that will see the VC form award one fintech startup from Egypt with $570,000 in funding.
CellPoint Digital, a global provider of digital commerce and payment solutions, has announced an equity financing round of $25M provided by Toscafund and its private equity arm, Penta Capital, to build on a series of major successes in recent years.
Fintech startup Rêv enters U.S. payments market with the launch of an app-based multi-currency debit account
The X World Wallet account is easy to load from a user's existing bank account(s) and is linked to physical and digital Visa cards that can be easily added to Apple, Google, and Samsung Pay digital wallets for tap and go convenience.
Paylend, a Kenyan fintech startup focused on providing access to finance and digitizing MSMEs in Kenya announced it has raised $2 million seed investment from Next Chymia Consulting HK Limited.
Kenyan fintech startup Tanda inks deal with Twiga Foods to enable vendors vend its digital financial services
Kenya’s fintech startup Tanda announced a new partnership with Twiga Foods that will see Twiga vendors become a one-stop-shop for a variety of digital and financial services offered by Tanda.
Chargebee, the subscription management platform, announced it has opened a dedicated office and data center in Sydney, Australia to support SaaS and subscription businesses and ensure APP compliance.
Egyptian fees management and digital collection platform, KlickIt, announced the closing of its first investment round to further develop its platform. The round was led by EFG Finance and Camel Ventures, the venture capital arm of dfin Holdings.
Nigerian B2B e-Commerce startup TradeDepot raises $110m to extend ‘Buy-Now-Pay-Later’ services to African retailers
TradeDepot, the B2B e-Commerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support the delivery of Buy-Now-Pay-Later services to SME retailers.
TruePay, a Brazilian startup whose innovative payment solution helps small and medium sized retailers have free and secure access to credit, has raised $32 million in Series A funding led by Addition.
TiiCKER hit the trifecta with the addition of an Android app to its web and iOS portals, giving America's estimated 130 million retail investors instant access to loyalty rewards.
South African fintech firm Ozow raised $48 million Series B funding round led by Chinese internet giant Tencent. Other investors Endeavor Catalyst and Endeavor Harvest Fund participating also participated in the round.
Israeli startup EasySend raises $55.5m to help enterprises build, maintain digital customer journeys with its no-code platform
EasySend, a no-code digital customer journey platform announced a $50.5 million Series B funding round led by Oak HC/FT. Existing investors Vertex IL, Intel Capital, and Hanaco Venture also participated in the round.
Investor Advisor Seed Ventures (IA Seed Ventures) announced the first closing of its new venture fund with investments in five companies. These deals mark the beginning of active investment for this new network of accomplished investors.
In its ongoing effort to offer clients a fully-fledged financial ecosystem in their pockets, SOLMate has further enhanced its solutions with the launch of this new generation debit card.
Workpay, a Nairobi-based YC graduate, is expanding its operations to Nigeria. The cloud-based workforce management startup will now offer Core HR, Payroll, and employee record services to organizations in the country.
Payday, a Pan-African fintech startup announced it has joined Techstars Toronto Accelerator program.
Pan-African digital payments hub MFS Africa signed an agreement to acquire Baxi, one of Nigeria's super-agent networks. The deal, which is subject to approval from the Central Bank of Nigeria, will be the second highest fintech acquisition in Nigeria to date.
Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for SMEs, secured $1.7 million in funding to address the heavily underserved banking needs of local entrepreneurs, traders, and fast-growing businesses.
Subscription Management startup Chargebee partners with Worldline to improve customer engagement and retention
Worldline and Chargebee announced collaboration to provide an end-to-end payment, subscription and revenue operations solution for merchants operating in a subscription model.
Nigerian e-Commerce fulfillment startup Sendbox announced the completion of $1.8 million seed round from investors including 4DX Ventures, Enza Capital, FJLabs and Golden Palm Investments.
During its very first “Google for Africa” event held early this month, Google announced it will be investing up to $50 million in African early- and growth-stage startups via its Africa Investment Fund.
Pan-African fintech startup Carbon partners with Network International to boost digital payment offering
Pan-African fintech startup and digital bank Carbon Bank has partnered with Network International, an enabler of digital commerce across Africa and the Middle East, as part of its plan to boost its digital payment offering.
Payday, a Pan-African financial technology company has raised one million dollars to build out what they believe will be the “PayPal” for Africa.
Hopscotch, the platform bringing a consumer-like experience to B2B payments, today announced its emergence from stealth with $3.6 million in seed funding led by NOEMIS Ventures and Stellation Capital.
Chargebee startup adds revenue recognition capabilities to solve complex finance challenges for SaaS, subscription-based businesses
Subscription Management startup Chargebee announced its acquisition of revenue recognition platform RevLock to expand the company's product offerings.
South African fintech firm Ukheshe partners with Chipper Cash startup to accelerate rollout out of digital payment offerings
South African fintech firm Ukheshe Technologies has partnered with Chipper Cash to enhance and accelerate the rollout out of Chipper’s digital payment offerings.
Africa's crypto exchange Yellow Card raises $15m Series A funding to fuel expansion across the continent
Pan-African cryptocurrency exchange, Yellow Card, announced a $15 million Series A, the largest ever by an African cryptocurrency exchange, to ramp up hiring and continue its expansion across the continent.
Nigerian fintech startup Infibranches secures $2m funding from All On to drive growth in the renewable energy sector
Shell-funded impact investment company All On announced a $2 million investment in fintech company, Infibranches Technologies, to help bridge the energy distribution gap in underserved rural and peri-urban areas of Nigeria.
Check, the payroll-as-a-service startup whose mission is to make paying people simple, announced a partnership with Procare Solutions, the child care management software platform.
Workist, the company applying cutting-edge, deep-learning technology to automate business transactions, exited stealth and introduced its flagship product WorKI, an intelligent document processing tool that leverages advanced artificial intelligence.
Apto Payments, a next-generation cards and payments company, announced its acquisition of challenger credit card startup, Vertical Finance. The move expands both Apto Payments' product offerings and team.
OneFor is a fintech startup that offers various mobile money applications and technical services, including account, payment and card services. Its card solution is supported by Mastercard International. The startup’s Co-Founder Marco Abele elaborates.
South African fintech startup SOLmate, an online payment platform that offers clients a digital wallet facility, has unveiled a new product offering together with an extensive rebrand and renewed corporate vision.
The Harambeans Prosperity Fund, a donor advised investment vehicle formed through the Harambe Entrepreneur Alliance’s network of prominent families and corporations co-invested $100,000 in Y Combinator Harambean venture MarketForce.
South African fintech firm Ukheshe partners with dzcard to expand digital payment solutions in Asia Pacific
South Africa“s fintech startup Ukheshe which has been on a rapid expansion to different markets has announced a new partnership with global next-generation card solutions and digital security company, dzcard.
Kenyan fintech startup Kwara is among the 11 startups that have been selected to join the Mastercard Start Path program.
Mastercard has opened door to startups around the world looking to grow platforms across open banking, predictive financial modeling for small businesses, smart rental payments and beyond.
Rapyd, a global Fintech as a Service company, announced a $300 million Series E funding round led by Target Global.
Lithic, the card issuing platform for developers, raised $60 million in Series C funding, bringing the company's total fundraising to $110 million.
South African payments startup Yoco has raised a Series C funding round of $83 million (R1.23 billion) to accelerate product development and reach more merchants in South Africa and beyond.
Entrepreneur Suite is a South African startup targeting micro retailers with an application that records valuable sales information that is then served back to the business owner as demand forecasting suggestions which are designed to provide profiting opportunities.
Hospitality tech startup Bbot raises $15m Series A to expand platform capabilities, improve support for restaurants
Bbot, a hospitality tech startup dedicated to simplifying and improving the ordering and payments process for restaurants, announced $15 million in Series A funding led by CRV.
Nigerian fintech and lending startup Lidya announced the completion of its $8.3 million pre-Series B funding round. Alitheia Capital led the investment through its uMunthu Fund with the participation of Bamboo Capital Partners.
Marketforce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced the appointment of Ore Omolaja as the Nigeria Country Manager and Head of Business, effective 15th July 2021.
MarketForce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced a $2 million pre-Series A round, bringing total funding to-date to $2.5 million.
Codat, the technology company that enables small businesses to seamlessly share business and financial data with financial and other service providers, secures $40 million from investors, following 3x annual growth and doubling of headcount.
Ghanaian Fintech startup Zeepay announced the completion of a $7.9 million Series A.0 funding. The funding is a hybrid of both equity and balance sheet funds to support its operations.
Ivory Coast transport startup Moja Ride partners with O-CITY for its next phase of growth in mobility innovation
Moja Ride, an Ivorian startup providing a reservation and cashless payment system for transport services in Abidjan, has partnered with O-CITY for its next phase of digital innovation and future expansion.
Three Kenyan insurtech startups each received Ksh 1.25 million in cash awards from an innovation hub steered by the Insurance Regulatory Authority (IRA) in collaboration with Prudential Life Assurance and other partners, to promote insurance inclusivity.
Banking as a service startup Unit raises $51m Series B funding to expand the team, accelerate growth
Unit, the banking-as-a-service startup that empowers companies to embed financial services into their products, announced it has raised a $51 million Series B led by Accel.
MarketForce acquires Digiduka startup to consolidate distribution of consumer goods with digital financial services in Africa
MarketForce, the end-to-end retail distribution platform for consumer brands in Africa, announced the strategic acquisition of Digiduka, a startup on a mission to bring informal retailers in Africa into the digital economy.
B9 raises $1.7m in pre-seed round to launch fintech platform to deliver full suite of personal financial services
Fintech startup B9 Inc., announced it is launching a full suite of app-based financial services. The company raised $1.7 million in an ongoing pre-seed funding round and is building out a platform to address the needs of a huge market of potential customers.
TMT investments venture fund invested $2 million as a lead investor in a late seed round into Synder, an easy accounting solution for e-Commerce businesses.
Arrington Capital, a digital asset management firm in blockchain-based capital markets announced it has launched a new $100 million fund to support initiatives building on Algorand, a blockchain accelerating the convergence of decentralized and traditional finance.
Conquer Accelerator announced its sixth season and summer 2021 cohort. The 10-week accelerator welcomes six selected teams to its East Lansing program: CrossBraining, Frizzmo, Nickels, Rebound AI, SafetySit, and Tandem.
Rapyd, a global Fintech-as-a-Service company, announced today the launch of Rapyd Ventures, its new venture arm that will focus on investing in early and growth stage businesses that are delivering the next wave of financial services innovation.
Green Feather, an Atlanta-based healthcare fintech company, announced a seed capital raise of $1.5 million. The capital will bolster customer acquisition and engineering resources for Feather Pay, Green Feather's next-generation patient payments platform.
Payment facilitation startup Tilled raises $11m Series A to provide PayFac-as-a-Service infrastructure to software companies
PayFac-as-a-Service startup Tilled, announced the close of $11 million in Series A funding to empower software companies to monetize the payments flowing through their platforms.
Panther Global, which helps businesses hire and manage a global workforce in 160+ countries, announced the raise of $2.5 million in seed funding to expand, hire more internal talent, and continue to provide hiring and payroll support for businesses.
South African fintech startup Ukheshe Technologies announced it will be expanding its footprint into the Asia-Pacific region as it introduces innovative digital-first payment solutions.
Merge, the San Francisco and New York City-based API company which seeks to transform how B2B companies think about customer-facing integrations, announced the close of a $4.5 million seed funding round.
Spinwheel, the platform that lets companies embed consumer debt solutions in their applications, disclosed fundraising of $11 million led by QED Investors with participation from Core Innovation Capital, Fika Ventures, and Firebolt Ventures.
Expend, the AI-powered fintech startup changing the way businesses manage expenses and spending, announced a great start to its crowdfunding campaign on Seedrs.
Tippy, the digital tipping platform, announced it has been selected to join Mastercard Start Path, an award-winning program for fintech innovators.
Trust Payment has expanded into Ireland. The payments technology group will open an office in Dublin city centre as it seeks to benefit from local talent and rapid growth in the country's Fintech sector.
Subscription Management startup Chargebee raises $125m Series G funding to accelerate global shift to subscriptions
Chargebee, the subscription billing and revenue management platform, announced a fresh round of $125 million in series G funding, co-led by new investor Sapphire Ventures and existing investors Tiger Global and Insight Venture Partners.
Wage, an infrastructure software solution that lets people seamlessly and securely share their payroll data with third parties, announced the close of $5 million in funding to scale customer acquisition and support additional payroll data partnerships.
Abre.io (Abre), and Pay Theory announced their partnership to help them better achieve their shared mission of breaking down socioeconomic and technical barriers to education.
Appzone, the Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, announced the close of its $10 million Series A round.
Marquee Equity, a fintech platform, has helped a Florida-based B2B Payments company, Qolo.io, close its seed round.
Paidy Inc., Japan's "Buy Now, Pay Later" (BNPL) service provider, announced it completed the Series D round of funding, raising a total of $120 million.
The European Bank for Reconstruction and Development (EBRD) is providing a fresh boost to Turkey's technology sector by investing in DgPays, a digital payment system provider, alongside Goldman Sachs.
Kenyan agency banking startup Tanda announced its expanding its regional operations after closing a funding round from HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota and 3 more investors.
Online real estate startup Lev raises $10m seed round to build the future of commercial transactions
Lev, the online commercial real estate financing transaction platform, announced a $10 million seed financing round.
Mobile payments startup DepositLink raises $3.5m to expand its payments platform for residential real estate
DepositLink, the industry player in electronic payments for residential real estate transactions, announced the close of its successful series seed financing.
Canadian retail finance startup FIX4 Capital has joined the "Buy Now Pay Later" boom by offering instant online loan approvals so customers can enjoy flexible payment solutions for any car repair and maintenance estimates.
Chargebee, the global player in subscription billing and revenue management, announced that it will be pledging $5 billion dollars of revenue processing capability for early-stage startups.
AeroPay, a Chicago-based digital payments platform powering bank transfer payments for businesses, announced the closing of a $5+ million Venture Round led by Chicago Ventures, a firm that leads investments in early-stage startups.
Healthcare Fintech startup, PayGround, announced the closing of its $4 million Seed Round to strengthen its position of simplifying the way patients pay their healthcare bills.
Envestnet | Yodlee, Productfy partner to offer single technology platform for early-stage startups to embed financial products
Envestnet | Yodlee is partnering with Productfy, to offer a single platform for quicker development of financial products and solutions for Fintech startups.
Early-stage investor DFS Lab announces fintech and digital economy design sprint for startups in Egypt
Early-stage investor DFS Lab announced it will facilitate a virtual design sprint in March 2021 for fintech startups in Egypt. The sprint is hosted by the Central Bank of Egypt, in collaboration with the Financial Regulatory Authority.
Fintech startup Finix exceeds $100m in funding, adds execs from Google, Tesla, and Uber to its C-Suite
Finix, the payments infrastructure company helping vertical SaaS companies transform their businesses through payments, surpassed $100 million in total funding, allocating 10% of its most recent funding round for Black and Latinx investors.
InsurePay, a workers' compensation administration and insurance premium billing platform for insurance providers, announced it has completed a $5 million Series A round of financing.
Boast.ai, a software innovator whose flagship product automates the complex process of applying for R&D tax credits, secured a $100 million credit facility from Brevet Capital, a leading alternative credit investment and specialty finance firm.
Lockstep, the world's first connected accounting cloud, announced the close of a $10 million Series A funding round led by Point72 Ventures with participation from Clocktower Ventures and Revel Partners.
Insurtech startup Marble secures $2.5m seed round, launches first digital wallet and rewards for insurance
Marble, the first digital wallet and loyalty platform for insurance, announced $2.5 million in seed round funding.
Kenyan fintech startup Popote Payments has raised an undisclosed amount of funding from Lagos-based fintech investment company GreenHouse Capital.
Routefusion, a financial technology company focused on providing the easiest and fastest way for tech companies to embed cross-border payments in their applications, has secured $3.6 million in seed funding.
dealcloser, a transaction management hub for legal professionals, announced it has closed a $1.75m seed round from Bryce Catalyst
Scalapay, a third-party payment solution that enables customers to buy now and pay later (BNPL) without interest, announced it has raised a $48 million seed round.
The former President of Mastercard Europe, Javier Perez, announced the launch of Global PayTech Ventures (GPT), the first venture capital firm focused exclusively on ground-breaking payment technology.
Check, a first-of-its-kind payroll infrastructure startup whose mission is to make paying people simple, announced its public launch with $35 million in Series B funding from Stripe and Thrive Capital.
TransUnion partners with South Africa's fintech startup Fincheck to improve access to finance for consumers
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
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 .
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.
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 consumer credit startup CredPal raised a $1.5million funding round, as the startup prepares to launch its credit cards for consumers in Nigeria.
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 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 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.
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.
British fintech startup ilumoni raises $450,000 to transform borrowing behaviours, help people repay debt
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.
Responding to the challenging scene of a myriad of health and safety protocols facing restaurants and other businesses, Chicago startup qReveal has launched a platform that builds easy to use QR code menus and price lists.
Mastercard has welcomed 10 fintechs from around the world to participate in its startup engagement program, Start Path, to scale the future of commerce.
Swedish fintech startup Payer launches beta test program to revolutionize customer registration in B2B e-commerce
Financial Services startup Payer has developed a new registration product that revolutionizes how customer relationships are made between companies online.
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.
PAYMYNT Financial, a Greater Boston-based financial technology company, filed a patent application for its novel Universal Rewards System.
Financial technology startup Lightyear announced the launch of its software platform for businesses to buy and manage their telecom and IT infrastructure online.
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
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
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.
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).