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Kenya Licenses 42 New Digital Lenders as It Seeks to Capitalize on Mobile Money
The country has one of the most advanced mobile money ecosystems in emerging markets, providing Kenyans with access to finance that is mobilized for everything from paying medical bills to launching businesses.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, lending
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Flutterwave Buys Nigeria’s Mono in $25 Million – $40 Million Deal to Deepen Africa’s Fintech Infrastructure
Flutterwave runs one of the continent’s widest payment networks, supporting local and cross-border transactions across more than 30 African countries, while Mono has built open banking APIs that allow businesses to access bank data, initiate payments, and verify customers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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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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