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Inside the Fall of Okra: How Africa’s Most Promising Open Banking Startup Shut Down at Its Peak
Back in 2020, Okra had all the makings of a breakout African tech story: visionary founders, Silicon Valley backing, explosive revenue growth, and a product that was powering the future of finance on the continent.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Bringing Digital Transformation to the Water Sector: How New Technologies Can Boost Water Access in LMICs
Digital technologies have the potential to revolutionize the management and distribution of clean water in low- and middle-income countries (LMICs). But according to Ellie Gabel, an environmental science writer at Revolutionized, many countries don't have access to these technologies, or lack the capacity to implement them. She explores this challenge in the context of Kenya, and discusses five essential factors that may aid or hamper digital transformation in the water sector across LMICs.
- Categories
- Technology, WASH
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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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dLocal to Acquire Aza Finance
dLocal's growth has been significantly propelled by its strong presence in the Middle East and Africa, regions characterised by high cryptocurrency adoption.
- Categories
- Finance, Technology
- Region
- Global
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Stitch Raises $10 Million Seed to Extend Services to Emerging Markets
The funding will support Stitch’s expansion across MENA and East Africa, as it aims to simplify and accelerate how financial products are built and launched.
- Categories
- Finance, Technology
- Region
- Global
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Visa and Universal Postal Union (UPU) Collaborate to Help Boost Financial Inclusion
"The new collaboration builds on the success of the UPU Financial Inclusion Technical Assistance Facility (FITAF), an initiative supported by Visa and the Gates Foundation that helps postal operators in developing countries provide financial services to local communities."
- Categories
- Finance, Technology
- Region
- Global
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Amazon Injects $41 Million Into India Payments Arm
"Amazon is looking to strengthen its payments arm since the sector is booming with new players entering the space and existing players bolstering their platforms."
- Categories
- Finance, Technology
- Region
- Asia Pacific
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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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