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Tag: PayTech News Africa

Africa’s “fastest-growing fintech” Moniepoint secures $110m Series C funding

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Funding Round: Moniepoint raised $110 million in a Series C round led by ADP III, with participation from...

ICYMI fintech funding round-up: Authologic, Klasha, CardFlight, and Salt

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Authologic Raises $8.2 Million in Series A Location: Poland Funding: $8.2 million Series A Led by: OpenOcean, with support...

ICYMI fintech funding round-up: Layer2, Qardy, United Fintech, Minos, and more

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Layer2 Financial: Funding: $10.7 million Series A. Investors: Led by Galaxy Ventures, with participation from Accomplice. Purpose: To...

Kenya’s Diamond Trust Bank taps Network International for digital payment solutions

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Summary of Diamond Trust Bank (DTB) and Network International Partnership Entities: Diamond Trust Bank (DTB, Kenya) and Network International (digital...

Egypt’s MNT-Halan raises $157.5 million, plots regional expansion

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Key Points: Funding Sources: International Finance Corporation (IFC): $40 million Other Investors: Development Partners International (DPI), Lorax Capital Partners,...

Nala bags $40m Series A to scale remittance services

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Nala Secures $40 Million Series A Funding: Key Points Funding Details: UK-based remittance fintech Nala raised $40 million in...

South African fintech Lesaka snaps up Adumo in $86m deal

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Acquisition Details: Lesaka Technologies, a South African fintech firm, has signed a definitive agreement to acquire fellow South...

African fintech Union54 launches new social commerce platform ChitChat

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Union54, a fintech based in Zambia, has introduced a new social commerce app named ChitChat, in collaboration with...

Flutterwave names ex-CBN director Dipo Fatokun as new board chair

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Flutterwave, an African paytech unicorn, has appointed Dipo Fatokun, a former director at the Central Bank of Nigeria...

UK fintech Unlimit secures new PSP licence to expand into Tanzania

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UK-headquartered fintech Unlimit has received authorization as a payments service provider (PSP) by the Bank of Tanzania (BOT). ...

Deel acquires Africa-based payroll company PaySpace

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HR solutions fintech Deel has acquired payroll and HR company PaySpace for an undisclosed amount. PaySpace, founded in...

ICYMI fintech funding round-up: Navro, Finally, Cashinvoice, SUMA Wealth and more

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Navro (formerly Paytrix) secures $14 million in an internal funding round led by Bain Capital and Unusual Ventures....

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CME Group Faces Extended Outage Impacting Trading Operations

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A deep dive into the hours-long disruption faced by...

Vodacom M-Pesa Expands Cross-Border Payment Options in Tanzania

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New features enable seamless international transactions for users. Highlights: Vodacom...

EU Regulator Criticizes Commission for Rushing Sustainable Transparency Proposal

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Striking a balance between sustainability initiatives and regulatory precision. Highlights:...

New EU Payment Services Regulation: Key Changes and Impacts

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Understanding the recently agreed changes in EU payment regulations. Highlights:...

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