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AbbeyCross Raises $6.5 Million for Emerging Markets FX Platform
The firm says it can help clients reduce costs and delays, enhance transparency, and provide fair prices to their clients for emerging market payments.
- Categories
- Finance, Technology
- Region
- Global
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Report: Mobile Money Transactions in Kenya in 2023 Declined for the First Time in 17 Years
It remains uncertain whether the decline in mobile money transactions might impact Kenya's Gross Domestic Product (GDP) given that mobile money agents reportedly handle approximately 60% of the country's GDP.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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YC-Backed African Fintech Cleva, Founded by Stripe and AWS Alums, Raises $1.5 Million Pre-Seed
Aaron Michael, a partner at 1984 Ventures, expressed support for Cleva’s founders, Tolu Alabi and Philip Abel, noting that their product provides a means for Africans to navigate hyperinflation challenges.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Cameroonian Fintech Startup Koree Secures $200,000 Pre-seed Funding
Koree’s solution is aimed at resolving the issue of spare change in cash-dependent economies by offering a card and digital wallet.
- Region
- Sub-Saharan Africa
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Pivo Africa Closes A Year After Securing $2 Million Funding
Pivo Africa, a Nigerian fintech startup, backed by Y-Combinator, has shut down prematurely after launching in 2021 and securing $2M funding.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Allianz and Dutch Development Bank Back $1.1 Billion Sustainable Loans Fund
The fund is the largest of its type since 2018 and one of the five biggest to date, according to Convergence.
- Categories
- Agriculture, Energy, Finance, Investing
- Region
- Global
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India Tops Global Remittance Charts at USD $125 Billion in 2023: World Bank Report
The Indian economy, buoyed by a tight labour market in the United States and robust employment growth in Europe, outperformed previous forecasts.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- employment, migrants, remittances
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Report: Nigeria Increases Financial Inclusion But Still Far from Goal
Nigeria has struggled for nearly a decade to revive an economy hit by flagging crude revenue and an acute dollar shortage.
- Categories
- Finance
- Region
- Sub-Saharan Africa