Nigeria's fintech landscape sees a significant boost as OPay's valuation skyrockets, showcasing the country's growing digital payments adoption and the rise of innovative financial technology companies.

Discover how M-KOPA and Bolt are teaming up to revolutionize transportation in Kenya with electric motorcycles, empowering drivers while fighting climate change.

Breaking news! Y Combinator, the renowned startup accelerator, has chosen Kenyan fintech Triply for its highly anticipated winter 2024 batch. Joining the elite ranks of African startups in the program, Triply aims to revolutionize payment solutions for small travel businesses in Africa, promising a game-changing approach to streamline operations and boost efficiency. 🚀

Explore how Senegal's Kori Tech is transforming payment systems in Africa with KoriPass, linking e-wallets with physical payment accessories to streamline transactions and enhance user experience.

Discover why Thepeer, a promising African fintech startup facilitating inter-wallet operability, is shutting down after raising nearly $2.5 million in funding, shedding light on challenges faced in the competitive payment landscape.

Explore how Leatherback's collaboration with YES BANK is revolutionizing remittances by enabling seamless Indian Rupee transfers worldwide, fostering economic growth and cultural exchange between India and Africa.

Between 2018 and 2022, more than 110 million new mobile money accounts were opened in the region, including 60 million since 2021.

Congolese fintech companies are teaming up with the government to establish the Congolese Fintech Network (CFN), aiming to bolster financial inclusion and facilitate collaboration within the industry. Led by board member Joel Tshilumba, CFN seeks to foster effective communication channels with government representatives to promote mutual benefits and innovation.

Former employees of Paystack, the Nigerian fintech unicorn, are pioneering a wave of entrepreneurship across Africa's tech landscape, with over fourteen startups emerging from their ranks. Dive into the vibrant ecosystem cultivated by Paystack alumni, shaping industries from fintech to food delivery. 🌍💼

South African fintech startup Float receives an $11 million funding facility from Standard Bank, marking a significant milestone in its journey to revolutionize the credit card industry. With plans to expand its card-linked installments platform, Float aims to reshape consumer spending habits while empowering merchants.

Dive into the latest expansion of Tanzanian fintech startup, Nala, as it introduces a groundbreaking B2B payment platform alongside its renowned remittance services, aiming to revolutionize cross-border transactions in Africa.

Nigerian fintech startup Brass successfully addresses transaction delays that had been troubling users since late 2023, marking a significant turnaround for the platform.

Uber leads a significant investment in Moove, marking its first venture into Africa and driving Moove's valuation to $750M, affirming its status as a major player in the mobility fintech space. With expansion plans and a focus on sustainable mobility, Moove's growth trajectory highlights its potential to revolutionize transportation across Africa and beyond.

Nigerian neobank Kuda, backed by Target Global, is expanding its reach globally with newly acquired payment licenses in Tanzania and Canada. These licenses will enable Kuda to offer remittance and multi-currency wallet services to Africans in both countries, tapping into the growing market of diaspora communities. Kuda's move puts it in direct competition with other neobanks targeting Africans abroad, such as LemFi and Nala.

Zone, a Nigerian fintech, revolutionizes Africa's payment landscape with its blockchain technology, attracting $8.5 million in seed funding.

Chipper Cash, a prominent fintech company, announces layoffs and salary cuts after suspending its services in the US, highlighting a strategic shift towards focusing on its African markets.

Interswitch, backed by Visa, embarks on a new phase with its merger with M-Kudi, eyeing a payment service bank (PSB) license from Nigeria's Central Bank. But what does this mean for the fintech giant and the future of banking in Nigeria?

Dive into the synergy of finance and telecom as Interswitch, backed by Visa, embarks on a transformative journey with a $1 million MVNO license. Unleashing possibilities for underserved areas and catering to overlooked consumer segments, Interswitch aims to revolutionize Nigeria's telecom sector, promising affordable 4G/5G services and innovative communication solutions.

In a bid to protect borrowers and curb predatory lending, Kenya's Central Bank has granted licenses to 17 new digital credit providers, including Autochek. This move comes after a comprehensive crackdown that saw the total number reduced to 51, emphasizing a commitment to consumer protection and ethical practices.

Discover how Africa's leading fintech, Flutterwave, is reshaping its focus by closing the chapter on Barter, the virtual card service. 🔄🔒 Dive into the reasons behind this strategic decision and the company's intensified commitment to enterprise and remittance services, aiming for even greater financial impact in the market. 💼💸

Despite entering the US market to facilitate affordable remittances for the African diaspora, Chipper Cash's international money transfer services from the United States remain suspended since January, impacting users. Challenges, including a valuation decrease and workforce reductions, have marked the fintech's late 2022 journey.

Discover how TAP's Cowry cards have transformed Lagos commuting, offering seamless payments for buses and trains. With 3.8 million users making 500,000 daily trip payments, the contactless technology enhances travel convenience while reducing corruption in Nigeria's transport system. 🌍💸

Nigerian fintech startup, Brass, cites a challenging funding environment and a surge in customers for persistent withdrawal delays, highlighting the broader struggles faced by fintechs. CEO Sola Akindolu acknowledges the costly nature of running a fintech and discusses the need for substantial capital amid ongoing funding challenges.

Discover how Bfree, a Nigerian startup committed to ethical debt recovery, has raised $3 million in its latest funding round led by Capria Ventures. With automated processes and AI tools, Bfree is transforming debt collection across Ghana, Kenya, and Nigeria. The startup plans to scale its humane approach, focusing on banks, and introduces a groundbreaking concept of creating a secondary debt market in Africa.

Discover how Egyptian fintech powerhouse MoneyHash, armed with $4.5 million in seed funding, aims to transform digital payments in the Middle East and Africa. Despite the surge in digital payment adoption, MoneyHash addresses the region's challenges, boasting a strategic platform to empower merchants and enhance the checkout experience.