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Senegalese Fintech Startup Rubyx Secures $440,000 Loan From Proparco
Rubyx has developed a cloud-native, API-driven digital lending platform that enables service providers to rapidly launch innovative loan products and meet the evolved expectations of borrowers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nigerian Investment Fintech Rise Completes Acquisition of Kenya’s Hisa
Rise, a Nigerian fintech that gives customers access to selected global investments, has acquired Hisa, a Kenyan investment startup.
- Region
- Sub-Saharan Africa
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Kredete Raises $2.25 Million to Help African Immigrants Build Credit Score and Make Low-Cost Remittances
Kredete leverages blockchain technology to enable African immigrants to build credit and send money home with low fees, offering a dual benefit that addresses significant financial integration challenges for immigrants.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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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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Kenya’s Digital ID Rollout Holds Trust, Transparency Lessons: CFI Report
The report argues that transparency has been inadequate in Kenya’s digital ID initiatives, and that “(t)he terms of donor engagement and vendor contracts are unclear.”
- Categories
- Technology
- Region
- Sub-Saharan Africa
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South Africa Fintech Startup Omnisient Raises $7.5 Million Series A Funding for Global Expansion
South African “privacy-by-design” startup Omnisient has raised US$7.5 million in Series A funding to support its expansion across Africa and beyond.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Angolan Sovereign Wealth Fund (FSDEA) Commits Investment to BFA Asset Management’s Kimbo Fund
With a fundamental objective to support the growth of companies led by young people and women, Kimbo Fund aims to contribute to filling value chains, promote job creation, strengthen financial inclusion, and improve access to financing.
- Region
- Sub-Saharan Africa
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Ghanaian Fintech Fido Closes $30 Million in Series B Funding Round
Fido is exploring mobile technology and different data sources to provide quick micro-loans to individuals and SMEs who can’t access traditional bank credits.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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