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Nigerian Fintech Appzone Raises $10 Million for Expansion and Proprietary Technology
Africa’s fintech space has gained proper attention over the past few years in investments but it is not news that startups still battle with offering high-quality products.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Mastercard and Uber Extend Partnership to Boost Growth of Digital Economy in Middle East and Africa
Mastercard and Uber has announced extending their long-standing partnership with a new strategic initiative focusing on digital payments and advancing financial inclusions, facilitated by Mastercard across the Middle East and Africa (MEA).
- Categories
- Finance
- Region
- North Africa & Near East
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O-City Partners with the Philippines’ Land Bank to Pilot Digital Payments in Public Utility Vehicles
BPC Technology’s payment division, O-City, is partnering with the Philippines’ Land Bank of the Philippines to pilot the country’s digital payments in Public Utility Vehicles such as buses and jeepneys.
- Categories
- Technology
- Region
- South Asia
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South Africa’s Largest Independent Payment Provider Adumo Raises $15 Million From IFC
Adumo, South Africa’s largest independent payment provider has raised US$15 million in preferred shares from IFC to fund the growth of the company.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Flutterwave Has Raised $170 Million With a Bid to Connect Africa’s Digital Payment Landscape
Flutterwave, an Africa-focused payment technology company, has raised $170 million in a Series C round, positioning itself to further connect and capitalize on the continent’s thriving yet highly fragmented digital payment landscape.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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In the Race for Dominance in African Fintech, Partnerships With Phone Makers Are Transforming the Landscape
Corporate partnerships and acquisitions have proliferated in Africa's fintech sector in recent years, as companies fight for dominance in the growing digital payment space. Digital economy analyst Jill Lagos Shemin highlights an emerging element of this trend: alliances between mobile phone makers and payment providers and telecom operators. She explores how these partnerships can boost customer access to smartphones and digital credit, while expanding Africa's digital finance ecosystem and building tech players' footprint in this sought-after market.
- Categories
- Finance, Technology, Telecommunications
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Stori Raises $32.5 Million in a Lightspeed-led Series B to Build Mexico’s Credit Card for the Masses
While credit cards are commonplace in the United States, they are far less ubiquitous in many other countries, particularly those in Latin America. In Mexico in particular, cash remains the dominant method of payment, with an estimated 86% of all payments being in the form of cash.
- Categories
- Finance, Technology
- Region
- Latin America
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Activating a Network of 4 Million: Community Health Workers are Key to Fighting COVID-19 – Here’s How They Can Accelerate Financial Inclusion
The COVID-19 pandemic has transformed the role of community health workers. According to Tanjila Mazumder Drishti, Khondokar Anwar Shadat and Raiya Kishwar Ashraf at BRAC, it has also demonstrated their potential as proponents of financial access — for themselves and the families they serve. They explore a BRAC initiative to enroll its 50,000 health workers in Bangladesh in mobile money, and share how this scalable model could have enormous implications for global financial inclusion.k
- Categories
- Coronavirus, Finance, Health Care, Transportation
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