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Payday Raises $3 Million Seed Funding to Drive Product Expansion
Payday, with over 330,000 users and 40,000 daily transactions, has raised a $3 million Seed round led by Moniepoint Inc., a later-stage financial services holding company.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Diaspora Remittances, Impact of SVB’s Failure on African Startups in Focus as African Diaspora Investment Symposium Begins
The closure of SVB Bank triggered panic on the African continent, and that fear is not without reason.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
- Tags
- failure, fintech, remittances, startups
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Western Union, MFS Africa to Enable Money Transfers Across Africa
To enable individuals and businesses across Africa to receive money from over 200 countries and territories, the continent’s largest payment gateway, MFS Africa, has partnered with Western Union.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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PostalPay App Brings Affordable Money Transfer Services to Uganda
The app allows people located in the EU to send money home in a cheaper, faster, and safer way from their mobile phones.
- Categories
- Agriculture, Telecommunications
- Region
- Sub-Saharan Africa
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M-Pesa Eyes the Global Remittances Trillion-Dollar Market
The Kenyan fintech behemoth is ramping up an ambitious expansion drive to woo markets in the global North.
- Categories
- Finance
- Region
- Global
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Analysis: Can Africa’s Remittances Be Put to Long-Term Work?
How can African governments harness remittances to support infrastructural development and other long-term projects?
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Partners to Unleash Financial Inclusion in Rural Senegal
The new partnership aims to increase access to digital and financial services and products across rural areas of Senegal.
- Categories
- Agriculture, Finance, Technology
- Region
- Sub-Saharan Africa
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Diaspora Remittances Now Kenya’s Largest Foreign Exchange Earner
Kenya is now earning more foreign exchange from diaspora remittances than each of its major exports.
- Categories
- Finance
- Region
- Sub-Saharan Africa