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Rwandan Fintech Startup Kayko Raises $1.2 Million Seed Funding Round
Rwandan fintech startup Kayko has raised US$1.2 million in seed funding for Kayko to support its mission of using data to unlock access to finance for small businesses across the country.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Airtel Africa Partners SpaceX to Roll Out Starlink Direct-to-Cell Connectivity Across 14 Markets
Under the partnership, Airtel Africa becomes the first mobile network operator on the continent to offer Starlink Direct-to-Cell services.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Moniepoint MFB Launches All-in-One Moniebook Platform to Empower MSMEs in Nigeria
The tool enables business owners to manage inventory, track sales, process payments, monitor staff roles, manage customer relationships, and generate real-time reports from one system.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, microfinance, MSMEs, scale
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AI Risk Management in Digital Finance: Protecting Africa’s Underbanked from Invisible Threats
Digital finance has been a game-changer for financial inclusion across Africa. But as information technology security analyst Nathaniel Adeniyi Akande explains, many communities remain excluded — and though AI-powered lending tools offer new opportunities to reach them, these tools also introduce new risks that can undermine trust or even exclude the people they are designed to serve. He argues that it is digital lenders’ responsibility to anticipate and mitigate these threats, and explores several practices that are essential to AI risk management in the sector.
- Categories
- Finance, Technology
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Zazu Raises $1 Million Pre-Seed Round to Reinvent SME Banking Across Africa
With more than 50 SMEs already in beta and over 1,000 businesses on its waitlist, Zazu aims to serve Africa’s 50 million underserved SMEs.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, MSMEs, startups
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Analysis: How Wise’s Entry Into South Africa Could Transform International Money Transfers
This marks Wise’s first fully licensed operation on the African continent, a milestone with big implications.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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IFC Commits $6 Million to First Circle Capital to Back Early-Stage Fintech Growth in Africa
"Founded and managed by a female-led executive team, First Circle operates from offices in Kampala (Uganda) and Casablanca (Morocco) and is registered as a limited partnership in Delaware."
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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DEG Discloses Investment in Helios Fund
German development financier DEG has disclosed an investment of $25 million in Helios V.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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