Leading Nigerian fintech, Flutterwave, has revealed it has acquired an Electronic Money Issuer license and Remittance licenses from the Government of Rwanda as it continues its expansion in East Africa. According to Flutterwave, the Electronic Money Issuer license now means it can acquire all types of payment instruments in Rwanda while […]
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Meet the top eight Web3 developers and innovators from the Hack the Mara Hackathon
Top eight teams to compete in physical hackathon taking place in the Mara, Kenya from 17th-26th of September 2022 As part of its commitment to inspire developers to “build the future of Africa on Web3”, Mara, the Pan-African blockchain platform, has announced the top eight finalist teams of the “Hack The Mara” […]
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Kora opens UK office as it evolves its pan-African payment infrastructure
Kora, the company building Africa’s high-fidelity payment infrastructure, today announces the launch of its UK office. Kora partnered with the Government of Birmingham to power this expansion via the West Midlands Growth Company, an organisation responsible for driving regional investment promotion and economic development for the West Midlands and the […]
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Abeg changes name to PocketApp, gets AIP to operate as mobile money operator
Abeg, now PocketApp, a social payments company owned by PiggyVest has been granted an approval in principle (AIP) by the Central Bank of Nigeria (CBN) to operate as a Mobile Money Operator (MMO), consequently becoming Nigeria’s first social commerce platform to secure the CBN’s AIP for an MMO license. In […]
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Launch Africa Ventures closes first fund at $36.3m, makes 100th investment
Early-stage VC firm Launch Africa Ventures has made its 100th investment, making it probably the most active investor in African tech startups, and closed its first fund at US$36.3 million. Launched in July 2020 by Zachariah George and Janade du Plessis, with chairperson Margaret O’Connor also on the board, Launch Africa […]
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Techstars-backed Nigerian fintech Vesti
Nigerian fintech startup Vesti, which simplifies banking for intending immigrants and those who have newly-arrived in a new country, is planning expansion into a host of new countries this year after securing backing from Techstars. Launched in May 2021 by two Nigerian brothers – Olusola and Abimbola Amusan, both immigrants […]
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Nigerian fintech startup Kwaba secures pre-seed funding round for African expansion
Nigerian fintech startup Kwaba, which helps low and middle income earners to split their annual rent into convenient monthly installments, has secured a pre-seed round of funding to help it expand across Nigeria and Africa. Founded by Obinna Molokwu in January 2020, Kwaba is a digital platform that helps facilitate home payment […]
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FTX Africa and Web3Ladies Collaborate on the #WomenWhoCrypto Campaign to Drive Crypto Adoption Through Education
Global Cryptocurrency exchange FTX and Web3Ladies today announced an official partnership to collaborate on #WomenWhoCrypto, a campaign aimed at driving adoption and onboarding African women into the crypto space through education. The Business Development Manager of FTX in Africa Adebayo Juwon said FTX Africa is delighted to work with Web3Ladies […]
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Zapper’s new tap-on-phone feature enables faster transactions
Zapper, a South African fintech and mobile payment platform, has launched a tap-on-phone payment function for Android phones. The new feature allows merchants accept all digital payments without an additional point-of-sale hardware and or without the Zapper app on the customer’s phone.. The feature, according to the company, eliminates the conventional […]
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Fintech gets CBN approval for payment services
A financial technology organisation, Connect Point Technology Solutions Limited, has received regulatory approval to operate a Payment Solutions Service licence category. The firm said a letter dated April 25, 2022 and signed by the Director, Payments System Management Department, the Central Bank of Nigeria, had granted an approval-in-principle allowing the […]