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Big Investment in African Tech Set to Continue in 2020
2019 was the year that dealmaking on the continent got serious. Very serious. In November alone, indeed one specific seven-day period in the month, investors announced over $400m for various fintechs on the continent. This was the wildest week the sector had ever witnessed. And no, it wasn’t a flurry of announcements for modest rounds, but in fact a succession of big-ticket deals for fintech companies, both old and new.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Chinese Fintech Company Ant Financial Quietly Takes Stake in Vietnam’s eMonkey Amid Anti-China Sentiment
Alibaba affiliate Ant Financial has quietly acquired a sizeable stake in Vietnamese e-wallet eMonkey, sources say.
- Categories
- Finance
- Region
- Asia Pacific
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Goldman Sachs Leads $15M Investment in Indian Fintech Startup ZestMoney
Bangalore-based ZestMoney announced it has raised $15 million from Goldman Sachs and existing investors Naspers Fintech, Quona Capital and Omidyar Network.
- Categories
- Finance
- Region
- South Asia
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Fintech in Brazil Vows to Prove Goldman, Morgan Stanley Wrong
“Given how much we’re growing, I think it’s heroic that we’ve been turning profits and are delivering the profitability levels we already do,” Menin said in an interview at Banco Inter’s Belo Horizonte headquarters. “I lose no sleep over the difference between our profitability and that of Brazil’s biggest banks.”
- Categories
- Finance
- Region
- Latin America
- Tags
- fintech
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Vodacom Tanzania and WorldRemit Launch Mobile Money Transfers to M-Pesa Accounts
Using the WorldRemit app, Tanzanians living abroad in over 50 countries can send money home and the new service increases convenience for recipients in Tanzania who can receive international money transfers directly to their phones, without the need for a bank account or internet connection.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MTN South Africa Sets Mobile Money Relaunch Date
Both MTN and Vodacom (with M-Pesa) launched mobile money services in South Africa years ago but both withdrew from the market after failing to gain the traction they sought.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Payment Startup Chipper Cash Raises $6m for Southern Africa Expansion
In September, Chipper Cash expanded into what is now arguably Africa’s largest fintech market, Nigeria. With its latest round, the startup has raised more than $8 million in seed capital.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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4 Trends Shaping the Future of the P2P Lending Regulation in Southeast Asia
The active inflow of investments made countries intensify their efforts in the development of fintech ecosystems and the regulatory environment.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech
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