Moove Raises $76 Million to Transform Financial Services for Mobile Gig Workers
The funding round led by Mubadala and BlackRock brought African-born, global mobility fintech Moove $76M to accelerate its expansion
Africa - page 2
Airtel Africa and Mastercard Launch New Remittance Transfer Service
The new service can potentially benefit 100 million mobile phone users across the continent
Africa-Focused DeFi Platform Releases Testnet
The new DeFi platform Mara, which focuses on Africa, is launching an Ethereum-compatible testnet for developers in Nigeria and across the continent
Flutterwave scandal
Nigerian fintech unicorn, Flutterwave, valued at over $3 billion, has faced a range of scandals lately. Let’s shed some light on the skeletons in the closet of one of the most successful African industry players to date.
Google Cloud & Moniepoint to Serve Underbanked Businesses in Nigeria
Africa-focused business banking platform Moniepoint will make financial services more accessible to SMEs even in remote regions of Nigeria with the help of Google Cloud and its scalable infrastructure
Afreximbank Expects Up to 20 Countries to Use Pan-African Payment System by Year’s End
By the end of this year, up to 20 countries can join the pan-African payment system.
Visa Launches Africa Fintech Accelerator
The new Visa initiative will support up to 40 Africa’s fintech start-ups and entrepreneurs each year, with training, connections, technology, and investment opportunities
Meta to Appeal Kenya’s Court Decision
Meta plans to appeal the Kenyan court’s decision, according to which the company received the status of an employer of moderators of content published on the platforms of the technology giant in sub-Saharan Africa.
Unlimit Expands to Kenya
Fintech Unlimit (previously known as Unlimint) expanded its services to the Kenyan market, upon securing a Central Bank of Kenya licence
Helium Health Gets $30 Million
The African startup Helium Health announced the attraction of investment funds in the amount of $30 million following the results of the Series B financing round.
Neutronpay and Bitnob to Improve Cross-Border Payments Between Asia and Africa
The partnership aims to use the potential of both companies for creating new routes and payment options for bilateral cross-border trade between Vietnam and Africa using the Lightning Network
Nigerian B2B E-Commerce Startup Sabi Raises $38 Million to Serve African Retailers
Sabi’s Series B funding round values the company at $300 million and powers the startup’s goal to serve the 50 million small- to medium-sized businesses (SMBs) in Africa
Kenyan Fintech M-Kopa Raises $250M to Extend Financial and Sustainability Services
M-Kopa will use the new debt and equity funding to expand financial services offering to underbanked consumers across Sub-Saharan Africa, as well as reduce greenhouse gas emissions in Kenya and Uganda
Zimbabwe Unveils Gold-Backed CBDC
Zimbabwe has presented a digital currency that is backed by gold.
Ecobank Kenya Rolls Out Fingo Africa Financial App for Local Youth
The Fingo Africa app aims to enhance financial inclusion for young people both in Kenya and across the wider African landscape Part of the pan-African banking Group, Ecobank Kenya, launched the Fingo Africa app to enable African youth open bank accounts with their mobile phones. Ecobank has developed the touth-focused app in close collaboration with a […]
Kenya Proposes Crypto Transfer Tax
The Kenyan national budget, which will be presented on June 8, proposes a 3% tax on the transfer of digital crypto assets
Welcome to PaySpace Magazine, the ultimate destination for staying informed about the most recent financial and payments news from Africa. Our news platform is designed to provide comprehensive coverage of the ever-changing African market, offering valuable insights into crucial areas such as banking, fintech, mobile payments, and more. Explore our content to access the latest trends and innovations, as well as exciting opportunities that are shaping the financial industry in Africa. Join us on this journey as we delve deep into the dynamic landscape of African finance, bringing you all the essential information in one convenient place.
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