Ezra, a micro-lending fintech, has collaborated with Kacha Digital Financial Services S.C. and Global Bank of Ethiopia to develop an Ethiopian digital lending service. According to the parties, this new collaboration with Ezra illustrates both firms’ shared commitment to offering inclusive services that benefit financially underserved areas. Ezra collaborated with Kacha to create a Platform...
Leading payments fintech company Cellulant has announced that it has obtained the initial approval as a Payment Service Provider and Payment Facilitator in Egypt. Adding these licences strengthens Cellulant’s operations in Africa, where it has the most comprehensive payment infrastructure, integrating over 370 payment methods, operating in 35 markets with licences and physical offices in...
TN Group increased its overall fintech revenue in the nine months ended September, buoyed by wins in Ghana, Uganda, Benin, Cameroon, and Rwanda. The five countries are critical fintech markets for MTN Group, which aims to develop the continent’s largest and most valuable fintech platform. Africa’s largest telecom provider reported performance for the period, stating...
Clifford Mettle has been appointed executive chairman of Ghana by DKK Partners, an emerging markets and foreign exchange liquidity fintech company, to help strengthen West African operations. According to the firm, the new appointment highlights its ambitious aspirations to expand across Africa while democratising the payments industry and assisting emerging nations in their development by...
MasterCard has set its sights on the expanding African payment ecosystem. Mark Elliott, division president, Sub-Saharan Africa at MasterCard, says: “Africa presents a vast untapped market for fintech and digital solutions, and MasterCard has developed a comprehensive strategy for leveraging these opportunities and fostering innovation in the region.” According to the corporation, increased access to...
Egyptian fintech Flash has closed a $6m seed funding to accelerate product development, customer and business acquisition. The seed round was led by US-based Addition with participation from Flourish Ventures and other angel investors. Flash, an iOS and Android-compatible mobile application, enables secure contactless digital payments for businesses, both in-store and online, through QR codes. With approval from the Central Bank...
Leading payments technology company, Flutterwave, has launched Tuition, a new payment product to allow African users to conveniently pay various fees to educational institutions within Africa and overseas using their local currencies. The educational institutions available on Tuition include high schools, universities, colleges and some global edutech platforms. Tuition is designed to solve the challenges...
Ten southern African start-ups have picked up funding from World Bank for their solutions to bridge the gap in financial access for underserved communities. The group was rewarded at a recent fintech challenge, an initiative under the Southern Africa Innovation Bridge Portal, supported by the World Bank to crowdsource new and impactful ways to utilise...
MTN Group has announced the appointment of M. Mudassar Aqil as Executive: BankTech, in its Fintech business, MoMo, effective from 1 August 2023. BankTech, is one of MTN Fintech’s five verticals, currently serves over 69 million monthly active users across 16 markets. With a wealth of experience in the financial services industry, including a 12-year...
Fintech Ukheshe has launched a new innovation hub, Ukheshe Labs, to focus on research and development in the digital payments market. Ukheshe Labs will spearhead product development and several other projects. One such project is looking at ways to give legacy tech more longevity. This, the company says, involves moving away from data centres and...
