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Kanoo Highlights ‘Astronomical’ Local Growth Potential as Presence Expands Across West Africa and the Caribbean
Rees explains that Kanoo is looking for a partner for the continent of Africa for the Kanoo super app.
- Region
- Sub-Saharan Africa
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Rwanda Mulls a Digital Currency in Two Years – Central Bank
The national digital currency, according to the National Bank of Rwanda (BNR), would offer Rwandans a safe, free, and easy alternative to physical cash.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Orca Secures $550,000 in Pre-seed Funding to Combat Financial Fraud in Emerging Markets
Orca is an innovative South African startup dedicated to combating fraud in emerging markets.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Paystack-Led Consortium Acquires Brass, Replaces CEO
The acquisition ends months of uncertainty over the future of Brass after delays in processing customer withdrawals began in October 2023.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, startups
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Number of Digital Lenders Approved in Nigeria Reaches 284
The multiplicity of the apps being used by digital lenders is cited as one of the reasons the Commission is finding it difficult to curtail the incidences of harassment and defaming of borrowers by digital lenders.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Techstars-Backed BlackCopper Set Out to Disrupt Lending, Now It Owes Investors ₦1 Billion
Despite its bright start and significant press coverage, BlackCopper soon faced an existential crisis: it could not recover over 60,000 loans disbursed to customers.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- digital finance, failure, fintech, lending, startups
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South African Fintech Company Adumo Acquired by Lesaka in $85.9 Million Deal
Adumo is South Africa’s largest independent payments processor, assisting approximately 23,000 active merchants.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Inclusion Requires Interoperability: Why All Digital Financial Services Should be Interoperable
As of 2021, there were 1.4 billion financially excluded people globally — over 1 billion fewer than there were in 2011. As Briana Marbury at the Interledger Foundation explains, mobile money and other digital financial products and services have helped to drive this progress, reaching populations that have traditionally been excluded. But she argues that this momentum has highlighted an emerging issue that could limit the impact of the growth in financial inclusion: the lack of interoperability between digital systems.
- Categories
- Finance, Technology, Telecommunications
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