News
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274Peach Payments Acquires West-African Payments Gateway PayDunya
Digital payments gateway Peach Payments has agreed to acquire West-African payment platform PayDunya. In the process, it enters mainland Francophone Africa for the...
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270Mastercard and Nomba Collaborate to Advance Seamless Payments in Nigeria
Mastercard has announced a strategic collaboration with Nomba, a leading payment solutions provider, to deliver seamless payment experiences for businesses across the country....
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356Djamo Raises $17M of Equity to Double Down on Digital-First Banking Services for Users Across Francophone Africa
Djamo, a financial services app revolutionizing mobile banking in francophone Africa has secured $17 million in an equity funding round to continue...
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336Raxio Secures $100M From IFC to Develop Sub-Saharan African Data Center Platform
Raxio Group, a leading Sub-Saharan African data center platform, has signed an agreement for $100 million in financing from the International Finance...
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333Proparco Partners with CRDB Bank to Boost MSME Growth in Tanzania with €48 Million in New Guarantees
Proparco renewed its strategic partnership with CRDB Bank Plc, Tanzania’s largest financial institution, by granting two new guarantees worth €24 million each,...
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306InfiniLink Secures $10M Funding from MediaTek, Sukna Ventures, and Egypt Ventures
InfiniLink, an innovative semiconductor startup specializing in advanced optical data connectivity chips for AI-driven data centers, announced the successful closure of a $10M funding...
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398Cassava Technologies collaborates with Microsoft to launch community engagement initiative creating youth employment opportunities in South Africa’s renewable energy industry
Pan-African technology company Cassava Technologies (www.CassavaTechnologies.com), in a strategic collaboration with Microsoft, has launched a community engagement initiative focused on South Africa....
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301Alitheia Capital and Goodwell Investments Announce Successful Exit from uMunthu Fund’s Baobab Nigeria Investment
Alitheia Capital and Goodwell Investments are excited to announce the first exit of their joint uMunthu Fund: Baobab Nigeria, a financial institution creating meaningful impact in...
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360NOSIBLE Raises $1 Million Pre-Seed, Welcomes Industry Veteran Axel Hörger
NOSIBLE, an upcoming AI startup, announced it has secured $1 million in pre-seed funding led by Atlantica Ventures, alongside additional strategic investments from...
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303Digital Payments Economy in Africa Expected to Reach $1.5 trillion by 2030
Africa’s digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that...
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223Payhippo Rebrands to Rivy, Raises US$4M in Pre-Series A Funding
Rivy, an AI-powered lender for Africa’s renewable energy sector, announced its rebrand from Payhippo and the successful closing of a US$4 million in...
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220enza Secures $6.75 Million Seed to Further Expand in Africa
enza, a leading innovator in African payment solutions, announced today that it has secured a $6.75 million investment in a seed equity...
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347Deimos Advances DevSecOps with AI-Powered Automation on Google Cloud
In a transformative move to advance Development Security Operations (DevSecOps), Deimos, a leading hybrid and multi-cloud technology company, partnered with Salus Cloud,...
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371Mastercard Strengthens Collaboration with Paymentology to Drive Financial Inclusion in South Africa
Mastercard is deepening its collaboration with Paymentology, a next-generation global issuer processor, to facilitate card issuance for fintech companies in South Africa....
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396LoftyInc Capital Announces $43M First Close of its New Pan-African Seed Fund
LoftyInc Capital Management announced the first close of $43m for its new LoftyInc Alpha Fund, a late-seed focused investment vehicle that will...
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381M-KOPA and Turaco Insurance Provide Free Insurance Coverage to More Than 1 Million Kenyans
M-KOPA Kenya, local subsidiary of the leading emerging markets fintech M-KOPA Ltd, and Turaco Insurance Agency (T/A Turaco), the leading insurtech in...
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359WideBot AI Secures $3M in Pre-Series A Funding to Enhance AI Models Development in Saudi Arabia
WideBot AI, a company specializing in the development of AI products, solutions, and models, has secured $3 million in a Pre-Series A...
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583Dashen Bank Partners with Accion and Mastercard to Connect Small Businesses to the Digital Economy
Dashen Bank, one of Ethiopia’s leading private banks, has partnered with global nonprofit Accion and the Mastercard Center for Inclusive Growth to...
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236Driving the Growth of Kenya’s Payment Acceptance Market
Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard, at the recently concluded Africa...
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521Taager Raises $6.75m Pre-Series B Round to Fuel Growth in MENA
Taager, the leading social e-commerce platform for the MENA region, today announced the completion of its $6.75m Pre-Series B funding round, led...
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273Raenest Secures $11M Series A Investment In QED-Led Funding Round
Raenest, the global multi-currency accounts platform for individuals and businesses across Africa, today announced the completion of its $11M Series A funding. The round...
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551🌿Africa Climate Tech Report: Innovating for a Greener Future
As the world grapples with the impacts of climate change, Africa is emerging as a powerhouse of innovative climate tech solutions driving...
