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African Remittance Startup LemFi buys UK Card Issuer
Remittance flows to low- and middle-income countries rose nearly 6% last year to $685 billion, according to a World Bank estimate.
- Categories
- Finance, Technology
- Region
- Global
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Why Kenya Is Selling Part of Its 34.9% Stake in Safaricom
"The sale could open doors to Africa-focused institutional investors or private equity funds, many actively scouting African telecoms assets for their stable cash flows and strong margins."
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Money Fellows Raises $13 Million in Strategic Funding to Enhance Financial Inclusion in Africa
The new investment aims to enhance and upgrade the company’s digital platform, especially as its user base expands to over 8.5 million users and it continues to collaborate with more than 350 local and regional partners.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Visa Launches Stablecoin Payments in Latin America in Major Advance for Crypto
"The new offering—which is also being rolled out in Colombia, Ecuador, Peru, and Chile—stands out because it is being developed around non-volatile stablecoins."
- Categories
- Finance, Technology
- Region
- Latin America
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Fintech Startup PayTic Grabs $4 Million to Expand Payment Automation Across Africa
PayTic plans to use the funding to enhance its payment automation solutions and expand into North and Sub-Saharan Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Surfin Meta Digital Technologies: $26.5 Million Closed For Financial Technology Platform
With this additional funding, Surfin is well-positioned to build on its capabilities to develop more innovative technologies and build a sustainable digital financial ecosystem.
- Categories
- Finance, Technology
- Region
- South Asia
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Nigerian Fintech Bets on UK Diaspora With Remittance Push
The MonieWorld service enables money transfers from the UK to Nigeria, the latest in a growing number of remittance products from Africa targeting the $100 billion that flows annually from immigrants in the diaspora to the continent.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Cambodia, Malaysia Launch Phase 2 of Cross-Border QR Payment System
According to the NBC, the launch is expected to enhance cross-border payment options, particularly for Malaysians travelling to Cambodia.
- Categories
- Finance, Technology
- Region
- South Asia