Revolut Launches Cross-Border Mobile Wallets
Digital bank Revolut has introduced a new cross-border money transfer service called Mobile Wallets that redefines remittance experiences, requiring only receivers’ contacts for transactions.
Kenya
Top 10 Agri-Fintech Startups in Africa
Global stability largely depends on the food security and prosperity of the population. To reduce poverty levels and provide economic security to the dwellers of rural areas, the agriculture sector needs to be properly financed and get access to quality financial services. Agri-fintech startups serve exactly this purpose. In Africa, the need for agri-fintech services […]
Standard Chartered Reduces Its Investments in Government Securities of Kenya
Standard Chartered Bank Kenya Ltd. has reduced the volume of its financial injections in government securities of this East African country by 52% during the period when investment activity allows for significant profits.
Remittance Inflows Surge in Kenya
In October, Kenyans who work and live abroad sent home Sh2.3 billion more than Sh51.89 billion ($340.4 million) in remittance registered in Kenya in September.
E-KYC Surges in Africa
Innovative e-KYC verification solutions are growing in Africa, just as businesses across the continent are increasingly moving online.
Crypto Grows in Africa and MENA as Shield Against Inflation
Bitcoin remains the most dominant cryptocurrency in Sub-Saharan Africa, while rising inflation makes Turkey the fourth country worldwide in raw crypto transaction volume rating.
Roam Introduces EV Bus to Transform Public Transport in Kenya
Roam’s new shuttle EV bus model Move continues to push for the adoption of electric vehicles in Kenya.
Kenyan President Showcases Africa as Climate Financing Opportunity
Kenyan President William Ruto opened the first climate summit in Africa, drawing hundreds of millions of dollars in climate financing pledges
Kenya to Suspend Sam Altman’s Worldcoin
The Kenyan government is concerned about Worldcoin, the cryptocurrency of OpenAI founder Sam Altman.
Worldcoin Wallet App Surpasses 1M Downloads
Worldcoin’s World App exceeds one million wallets, while 346,568 wallets are already holding Worldcoin (WLD) tokens
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.
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
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
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
Fintech Kwara Raises $3M Seed Extension, Partners Over 4,000 Credit Unions
Kenyan fintech Kwara, which turns analogue credit unions into modern digital banks, has raised a $3 million seed extension, preparing for the enormous expansion
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