Tag: PayTech News Africa
ICYMI fintech funding round-up: Layer2, Qardy, United Fintech, Minos, and more
Layer2 Financial:Funding: $10.7 million Series A.
Investors: Led by Galaxy Ventures, with participation from Accomplice.
Purpose: To...
Kenya’s Diamond Trust Bank taps Network International for digital payment solutions
Summary of Diamond Trust Bank (DTB) and Network International Partnership
Entities: Diamond Trust Bank (DTB, Kenya) and Network International (digital...
Egypt’s MNT-Halan raises $157.5 million, plots regional expansion
Key Points:Funding Sources:International Finance Corporation (IFC): $40 million
Other Investors: Development Partners International (DPI), Lorax Capital Partners,...
Nala bags $40m Series A to scale remittance services
Nala Secures $40 Million Series A Funding: Key PointsFunding Details:UK-based remittance fintech Nala raised $40 million in...
South African fintech Lesaka snaps up Adumo in $86m deal
Acquisition Details:Lesaka Technologies, a South African fintech firm, has signed a definitive agreement to acquire fellow South...
African fintech Union54 launches new social commerce platform ChitChat
Union54, a fintech based in Zambia, has introduced a new social commerce app named ChitChat, in collaboration with...
Flutterwave names ex-CBN director Dipo Fatokun as new board chair
Flutterwave, an African paytech unicorn, has appointed Dipo Fatokun, a former director at the Central Bank of Nigeria...
UK fintech Unlimit secures new PSP licence to expand into Tanzania
UK-headquartered fintech Unlimit has received authorization as a payments service provider (PSP) by the Bank of Tanzania (BOT).
...
Deel acquires Africa-based payroll company PaySpace
HR solutions fintech Deel has acquired payroll and HR company PaySpace for an undisclosed amount.
PaySpace, founded in...
ICYMI fintech funding round-up: Navro, Finally, Cashinvoice, SUMA Wealth and more
Navro (formerly Paytrix) secures $14 million in an internal funding round led by Bain Capital and Unusual Ventures....
Flutterwave makes several new exec appointments focusing on risk, compliance and partnerships
Global Expansion Focus: African paytech Flutterwave is making strategic hires to support its global expansion.
Executive Appointments:Amaresh Mohan:...
Stitch raises $25m in Ribbit Capital-led Series A extension
South African payments infrastructure company, Stitch, raises $25 million in Series A extension to expand its payment solutions and...