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IFC Invests in New 4DX Ventures Fund to Support Tech Startups in Africa
Africa is among the regions least served by venture capital, receiving just 2% of global venture deal volume in the third quarter of 2023.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Brazil’s Pix Payments Are Killing Cash. Are Credit Cards Next?
In three years, Brazil's hugely popular Pix payment system has become the country's favorite way to pay, replacing cash and wire transfers in many cases and now threatening the dominance of credit cards in the booming e-commerce sector.
- Categories
- Finance, Technology
- Region
- Latin America
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Uber Leads $100 Million Investment in African Mobility Fintech Moove as Valuation hits $750 Million
Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plots expansion into new markets.
- Categories
- Investing, Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-mobility, fintech
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Access Holdings Collaborates With Safaricom and M-Pesa to Facilitate Remittances Between East And West Africa
Access Holdings, led by Aigboje Aig-Imoukhuede, is pushing for the biggest share of the remittance market in East and West Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nigerian Blockchain Fintech Startup Zone Raises $8.5 Million Seed
Zone, a Nigerian blockchain fintech has secured $8.5 million in a seed round led by Flourish Ventures and TLcom Capital.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- blockchain, fintech, remittances, startups
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Visa and ACCOSCA to Boost Access to Financial Services in Kenya and Tanzania
The FIKT project will provide innovative and affordable financial products and services to the targeted demographics.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Leatherback Partners with YES BANK to Improve Remittances and Payouts in India
Leatherback claims to be the first Africa-focused fintech company to offer INR remittance payouts.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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From Proxy IDs to Autonomous Payments: Why the Future of Financial Services is Hyper-Efficiency
Despite the rise of digital banking and other technological advancements, financial services are still plagued by significant inefficiencies. Author and serial entrepreneur Arunjay Katakam explores the causes and consequences of these inefficiencies — including their impact on lower-income customers — and discusses some emerging innovations that are addressing them. He explains why the sector's growing efforts to streamline back-end processes, reduce transaction costs and enhance operational efficiency will be pivotal in shaping the future of financial services.
- Categories
- Finance, Technology
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