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China Investors Back Africa-Focused Fintech Startup
OPay, located in Lagos, was incubated in 2018 by Opera, a Norway-based and Chinese-controlled online consumer icompany. OPay provides consumers with a wide range of services including mobile payments and transfers, ride-sharing and food delivery.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, startups
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India’s Financial Services Firm Paytm Raises $1B
Paytm mobile wallet enables users to transfer money to each other, pay for food delivery and clear utility bills, buy train and movie tickets as well as secure small loans.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital finance, fintech, startups
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Everything You Need to Know About African Fintech Right Now
Africa is home to the world’s youngest labor force, and a rapidly growing rate of mobile phone use. Providing essential financial services to this market has major potential—and global investors, from Silicon Valley venture capital firms to international finance institutions, are taking notice and backing African fintech companies.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, startups
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UAE-Based NextGenI Closes an Acquihire deal with Pakistani Startup Roshni Rides
The trend of acqui-hiring talent for startups is relatively new especially in Pakistan where one company ‘Aqui-hires’ the talent from another company to build an in-house team, mainly to scale the product faster than they would otherwise by painstakingly hiring each individual team member.
- Categories
- Technology
- Region
- South Asia
- Tags
- startups
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The Latest Marker of Chinese Interest in African Fintech Is a $120 Million Funding Round for OPay
Notably, OPay’s round follows on the heels of another major funding round by Chinese investors in an African-focused fintech startup after PalmPay raised $40 million in a seed round from Shenzhen-based Transsion Holdings, the top selling phone maker in Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: Turn.io Launches Behaviour Change Chat Platform for Social Impact
Turn.io is a startup incubated by Praekelt.org, an early partner in the WhatsApp Business API pilot programme. Developed to connect social impact organisations with audiences using chat messaging platforms like WhatsApp and Google's Android Messages, Turn.io is underpinned by the crucial role of chat as the growing platform of choice for the majority world.
- Categories
- Technology
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Five Fintech Solutions For Refugees To Look Out For
More initiative concentrated around potential solutions for new incomers can be displayed in the upcoming Fintech Solutions for Refugees Bank Summit in which selected Fintech providers will receive the possibility to work with companies like PayPay in order to release new or upgrade existing solutions.
- Categories
- Finance
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Rethinking the ‘Africa Play’: Why We Held Back from the Africa Investment Frenzy
Earlier this year, the investment committee at Blue Haven Initiative’s Ventures team raised a painful question: Did they miss the boat? As managing director Lauren Cochran explains, they'd only made one new investment at a time when the venture market in Africa was exploding. But it soon became clear that the growth-at-all-costs model other investors were adopting was never going to work in Africa. Cochran explains why investors should "forget the ego-boost of big rounds and press releases" and take a more fundamental approach.
- Categories
- Investing