Fintech · South Africa
South Africa’s NjiaPay raises $1.3 million to expand payments services
The South African company raised pre-seed funding to build an integrated payments service.
Topic
FinTech
Reporting on FinTech.
Showing 1–20 of 41 articles
Fintech · Morocco · Promoted content
ORA Technologies raises $1.9 million for payments and e-commerce
Moroccan investors back the company’s digital wallet and e-commerce expansion.
FinTech
Egypt’s Fawry Sees Profit Skyrocket By 124%, New Ventures Drive Growth
Like the biblical Goshen, Fawry has remained untouched by Egypt’s economic crisis that saw the nation’s currency devaluate by 40%. It has even thrived in the process.
Funding
Silicon Badia Backs Journify With $4 Million In Strategic Venture Into Morocco
Journify has also built strategic partnerships with major digital platforms, including TikTok, Google, and Snap, further enhancing its reach and impact.
Funding
Ghana-based Oze Raises Funding From Visa and DEG, Aims To Bolster AI Lending For African SMEs
At the moment, Oze operates across eight African nations including Ghana, Nigeria, and Rwanda, partnering with commercial banks like Ecobank to extend its reach.
Funding
Nigeria’s VFD Group Eyes Fintech With $3.3 Million V Bank Investment
V Bank was officially launched in March 2020, quickly gaining popularity and traction in the Nigerian financial landscape, a popularity that came from offering zero maintenance fees and competitive interest rates.
Funding
Ivory Coast’s Djamo Secures $1.3 Million In Post Series B Funding
These partnerships enable Djamo to issue domestically recognized payment cards, ensuring higher transaction success rates, as local merchant fraud detection algorithms often favor local cards over foreign alternatives.
Funding
AgDevCo Secures $85 Million From European Banks To Bolster African Food Systems
AgDevCo aims to address these challenges by providing flexible, long-term capital to small and medium-sized agribusinesses in Africa.
FinTech
Ghana’s Fintech Startup Affinity Africa Lands $8 Million In Seed Funding To Drive Financial Inclusion
Affinity Africa’s growth figures depict a bullish rise of a 3x year-on-year increase in customer base and a 35% month-on-month rise in savings since the app launch.
Funding
Nigeria’s Raenest Secures $11 Million To Tackle Africa’s Freelance Payment Challenges
Raenest hopes to ease cross-border payments for Africans, enabling them to easily receive and send international payments.
Funding
Kili Ventures Backs WafR With $1.5 Million Seed Funding, Sets Eyes on Morocco’s Market
WafR leverages its startup proprietary technology to turn small-time merchants into financial service providers, allowing them to facilitate mobile phone top-ups, money transfers and cash-in/cash-out transactions.
Funding
NjiaPay Closes Over $1 Million in Pre-Seed Funding to Streamline African Payments
NjiaPay’s platform operates and combines PSP’s and payment methods, offering business a single integration point for managing transactions.
M&A
Finimo Founders Sell Fintech Derivate Exipay To Stitch Two Years After Launch
At the time of acquisition, ExiPay held existing contracts with several enterprise clients and PSPs operating in South Africa and other African markets, including omnichannel retail brand Bash. With this acquisition, Stitch will serve Bash for both their online and in-person payments needs, and will continue serving other existing ExiPay clients.
Funding
Ivory Coast’s Cauridor Lands $3.5 Million In Seed Funding to Bolster Africa’s Payment Infrastructure
Cauridor aims to ease cross-border transactions for merchants, banks, telecom operators, and money transfer companies in the untapped region of Francophone Africa.
FinTech
South Africa-based UsPlus Raises $2 million Investment To Bolster SME Financing
UsPlus aims to use the new capital to strengthen its balance sheet and attract further senior debt funding.
Funding
Venture Capital Arm of Standard Chartered Backs Furaha With $7 Million
Furaha was founded by Yustus Aribariho and Ian Fernandes, aiming to utilize SC Ventures’ risk management expertise and Yabx’s AI-driven lending platform to address the financial needs of underserved communities.
Funding
Fintech Startup Accrue Lands $1.85 Million Seed Funding To Accelerate Cross-border Payments in Africa
Today, Accrue boasts over 200,000 users across eight African countries: Nigeria, Ghana, Kenya, South Africa, Cameroon, Uganda, Zambia, and Malawi.
Funding
Moniepoint Lands $10 Million Investment From Visa To Support Financial Inclusion Across Africa
Moniepoint has carved a territory for itself by providing digital financial services to individuals and businesses.
FinTech
Egypt’s MoneyHash Lands $5.2 million in Pre-Series A Funding, Seeks To Unify African Payment Systems
MoneyHash’s milestone funding comes amid rising investment in African fintech startups, which have proven to be trailblazers in venture capital funding on the continent.
FinTech
IFC Places Onafriq’s $50 Million Credit Line On Hold
Since its inception in 2021, Onafriq has rapidly spread across Africa through acquisitions and organic growth while its headquarters remained in London.