SME fintech lender 4G Capital secures $2m investment

Fintech firm 4G Capital has closed a second round of fundraising which was secured by a $2m debt facility from Ceniarth LLC, bringing the total raised...

FinTech startups take up over half of the $1.1b raised by...

FinTechs in Africa have closed $555m in funding from January to November 2019 out of a record $1.1b raised by startups over the better...

Nigeria’s fintech firm Interswitch confirms major investment from Visa

Nigerian digital payments firm Interswitch has confirmed reports that the global transactions company, Visa, will invest in the 17-year-old company. Although the fintech company did...

Accion Venture Lab adds $33M to fund impact fintech startups

Global nonprofit Accion has announced that its seed-stage investment initiative Accion Venture Lab is adding $33M to its initial capital pool, with the launch...

Bus-hailing app SWVL to expand to more routes in and outside...

Shuttle-hailing firm SWVL announced plans to pump Sh1.5 billion into its Kenyan operations. This financial injection will not only go into improving their current operations...

Nairobi most attractive African city in attracting future Fintech investors –...

According to a study of fintech locations of the future (2019/20) by fDi Markets, Nairobi ranks 8th in the Cost-Effectiveness Category and the only...

Tala raises Sh11.3 billion funding for geographical and personnel expansion

Digital lending app, Tala, has raised $110m (Sh11.3 billion) in Series D funding. The round was led by RPS Ventures, with participation from GGV Capital...
Funding for FinTech startups

Transsion Future Hub and Wapi Capital to fund African FinTech startups

Transsion has teamed up with Wapi Capital to find and fund fintech startups under the program Transsion Future Hub.

Nairobi headquartered payment processor DPO acquires S.Africa’s PayFast

African Payment Service Provider, DPO Group, has acquired one of the largest payment processors firm in South Africa, PayFast. The deal by the Nairobi headquartered...

Nairobi-based AgriTech startup Taimba secures Sh10m investment to boost delivery logistics

The Agri-tech startup that connects rural smallholder farmers to urban retailers through a mobile cashless platform has secured the funding from US-based impact investor...

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WhatsApp Payment service

Whatsapp is testing in app payment service in India with aim...

WhatsApp has announced it will launch an in-app payment service later this year, with the service to initially be rolled out in India, according...

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