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DLocal and Belmoney Partner to Transform Cross-Border Remittances Across Key Emerging Markets
The alliance strengthens international money transfers in Nigeria, Bangladesh, Ecuador, Pakistan, Peru, and Philippines, with planned expansion into China.
- Categories
- Finance, Technology
- Region
- Global
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Nigeria-Born Banking Startups Target Emerging Market Gig Workers
The startups are not banks in themselves, but partnerships with lenders licensed by central banks make them de facto digital banks.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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M-PESA Safaricom, Dashen Bank & CashGo Partner to Enhance Remittances in Ethiopia
M-PESA, Dashen Bank, and CashGo launch a seamless international remittance service, enabling Ethiopians to receive money instantly into mobile wallets.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Safaricom Ethiopia’s M-PESA Revenue Dips Despite 245% Jump in Registrations
Safaricom launched M-PESA in Ethiopia in August 2023 with Kenya extending its M-PESA Global service to the country to facilitate cross-border money transfers.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Nigerian Fintech Lemfi Secures $53 Million Series B Funding to Drive European Expansion
The new funding will enable Lemfi to secure additional licenses and form new partnerships while enhancing its offerings with localized services.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Africa’s Startups Need Patient Capital: Could the African Diaspora Help Provide it?
African startup funding amounts to a tiny fraction of global venture capital (VC), and these investments are often concentrated on sectors like fintech and e-commerce. As a result, as Kristin H. Wilson at Innovate Africa Fund argues, African founders often lack the capital and incentive to tackle the continent’s biggest development challenges. She proposes a new approach to funding innovative African-made solutions to these issues — one that leverages the capital and entrepreneurial expertise of the African diaspora.
- Categories
- Health Care, Investing
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Juicyway Steps Out of Stealth with $3 Million to Simplify Cross-Border Transactions in Africa
P1 Ventures backs startup as it launches efficient currency exchange using stablecoin technology for individuals and businesses to participate fully in the global economy.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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HUB2 Banks $8.5 Million to Become the ‘Stripe for Francophone Africa’
Today, HUB2 operates as the backbone for 55 fintechs across French-speaking Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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