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Nigerian B2B E-Commerce Startup, OmniRetail Acquires Traction Apps
According to Alli and Adejuyigbe, the acquisition will enable Traction's services to reach a larger audience.According to Alli and Adejuyigbe, the acquisition will enable Traction's services to reach a larger audience.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Yellow Card Secures $33 Million to Enhance Stablecoin Services in Africa
The company’s emphasis on stablecoins sets it apart in Africa’s changing digital payments scene since it provides companies with scalable solutions in a continent where financial infrastructure has traditionally been a difficulty.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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IFC Invests $7 Million Into Philippine Technology Firm First Circle
First Circle’s innovative credit systems provide SMEs with higher credit limits, flexible repayment options, and the lowest unsecured pricing in the market.
- Categories
- Finance, Technology
- Region
- South Asia
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KaiOS, Mastercard Partner to Enable Digital Payments for SMEs
The companies said in a joint statement that KaiOS's affordable smart feature phones will leverage Mastercard's payment technology and global network to drive acceptance and support the growth of the digital economy.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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India Payments Authority Eyes Africa, South America for Digital Payment Push, Official Says
The NPCI, a quasi-regulator under the central bank, is a public non-profit organisation for retail payment systems in India.
- Categories
- Finance
- Region
- Global
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Elon Musk’s Starlink Shakes up Competition in Africa
Starlink’s satellite internet rollout across Africa is sparking complaints of unfair competition from telecommunications companies and internet service providers.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
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Send App by Flutterwave Extends Remittance Reach to 49 U.S. States With Mainstreet Bank Partnership
Remittances to Africa have doubled over the last decade, reaching an estimated $100 billion in 2022.
- Categories
- Finance, Technology
- Region
- Global
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Egypt-Born FlapKap Raises $34 Million Pre-Series A to Scale SME Financing Across MENA
FlapKap aims to continue to address a major challenge in the MENA region, where the SME financing gap is estimated at $180 billion, per the International Finance Corporation.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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