Tage Kene-Okafor
Dapio, the U.K.-based cashless payment solutions provider for businesses, today announced that it has raised $3.4 million to fuel the launch of its “Tap to Pay” solution for Android users in the U.K. and Europe.
African payments giant Flutterwave co-led the growth round with Techstars. Daniel Gould, venture partner...
The adoption of buy now, pay later (BNPL) in Nigeria as a payment option both online and at the point of sale is expected to record a CAGR of 20% from 2021 to 2028, per this report.
BNPL’s growth is further highlighted as GMV is predicted to increase from...
African startups raised between $4 billion to $5 billion in 2021, according to various reports. For years, tech publications run by local digital media startups have worked hard behind the scenes in placing African startups at the faces of global investors, shaping the narrative of African tech and...
Moove, an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $105 million in new Series A2 financing.
Existing investors Speedinvest, Left Lane Capital and thelatest.ventures (the first two are lead investors from its Series A) led this...
Agency banking is big business in Nigeria and sub-Saharan Africa. It involves agents or merchants, who act as human ATMs, offering financial services such as transfers, savings and payouts to the underbanked and unbanked that rarely visit bank branches.
Banks and telcos are heavy players, so are some companies...
It can be challenging to prove or navigate addresses in Africa due to poor addressing infrastructure. And for some countries like Nigeria, customers need to accurately provide their addresses to financial institutions such as banks and fintechs to set up bank and other accounts.
Customers use inefficient processes like...
Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. They are responsible for communication between banks and fintechs to settle transactions for consumers and businesses swiftly.
Africa has it different. It’s not a predominantly card continent. Telecoms and banks lead the majority of online...
Stax, a startup that allows Africans to buy airtime, send and request money, and transfer funds between accounts via automated USSD codes, has raised a $2.2 million seed extension round.
U.S.-based VC firms World Within Ventures and Noemis Ventures co-led the round with Anthemis Group, Orange DAO, 500 Startups,...
Sudo Africa, a fintech that provides a card-issuing API for developers and businesses in Nigeria, has raised $3.7 million in pre-seed funding.
San Francisco-based Global Founders Capital (GFC) led the round. Participating VCs include Picus Capital, LoftyInc Capital, Rallycap Ventures, Kepple Africa, Berrywood Capital, ZedCrest and Suya Ventures.
Several...
More Africans now suffer from chronic diseases such as diabetes and hypertension than ever before. A growing population and lifestyle changes, especially around urbanization and food habits, are significant factors that contribute to this sharp rise.
This isn’t an issue in developed markets, as healthcare systems change with the...
