Tag : Africa

Financial Inclusion through Innovative Payment Systems
Finance Fintech Investments News

M2P Fintech raises Rs. 850 Crores in Series D Financing

Fintech Staff Writer
by Fintech Staff Writer0
M2P Fintech, Asia’s largest Banking infrastructure company, announced today the first close of its Series D financing, raising Rs. 850 crores through a mix of primary and secondary share capital. The financing was led by Helios Investment Partners and places the company’s valuation at over Rs. 6,550 crores. The funds will......
Banking Business Digital Payments Finance Fintech Guest Posts

Could Gaming be the Gateway to African APM Adoption?

Kamran Hedjri
by Kamran Hedjri0
By Kamran Hedjri, Group CEO at PXP Financial In numerous regions of Africa, traditional banking services remain difficult to access, especially in rural areas. Alternative Payment Methods (APMs) offer accessible transaction channels, opening financial opportunities in underbanked communities. With a thriving gaming community on the continent, could gaming be the......
Bank of Kigali Plc partners with Veefin Solutions to Pioneer Digital Lending Innovation in Africa
Finance Fintech Lending News

Bank of Kigali Plc partners with Veefin Solutions to Pioneer Digital Lending Innovation in Africa

PR Newswire
by PR Newswire0
Bank of Kigali Plc, one of Africa’s leading and most transformative banks, and the largest commercial bank in Rwanda, has partnered with Veefin Solutions, a global leader in Supply Chain Finance (SCF) and Banking-as-a-Service (BaaS) solutions. This partnership aims to drive full-scale digital transformation across Corporate, SME, Agribusiness, and Retail segments. With this......
Accion Launches $152.5M Fund Investing in Digital Transformation of Financial Institutions Serving Small Businesses Globally
Finance Fintech News

Accion Launches $152.5M Fund Investing in Digital Transformation of Financial Institutions Serving Small Businesses Globally

PR Newswire
by PR Newswire0
Global nonprofit Accion announces the launch of the Accion Digital Transformation Fund (ADTx). The $152.5 million fund seeks to enable financial institutions to better meet the needs of small businesses that are currently excluded from the financial system by providing growth capital and strategic support for digital transformation. The fund will build on......
IDC Predicts that ICT Spending in the Middle East, Türkiye, and Africa Will Top $238 Billion in 2024
Finance Fintech News

IDC Predicts that ICT Spending in the Middle East, Türkiye, and Africa Will Top $238 Billion in 2024

Business Wire
by Business Wire0
With the region’s digital economy increasingly taking shape, digital transformation spending will reach $59 billion in 2024 and accelerate at a five-year CAGR of 15% to $88 billion in 2027. That’s according to the predictions presented by International Data Corporation (IDC) last week as more than 400 senior executives from......
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Fintech Fintech Funding News

Pngme, Raises $15 Million Series A to Power the Future of Financial Services in Africa

Fintech News Desk
by Fintech News Desk0
Pngme, the financial data infrastructure and machine learning-as-a-service platform, has raised a further $15 million in Series A funding as it sets out to grow its financial data platform. The round was led by Octopus Ventures and comes less than a year after its $3 million seed round. Pngme, Raises......
Verdant Capital Raises USD 9.9 M Series A Equity Capital for Fintech Startup Tugende
B2B News

Verdant Capital Raises USD 9.9 M Series A Equity Capital for Fintech Startup Tugende

Fintech News Desk
by Fintech News Desk0
The transaction is the most recent for the award winning fintech and financial inclusion investment banking franchise of Verdant Capital (www.Verdant-Cap.com). Partech Africa, a member of the Partech Group, a leading global technology venture capital fund, and Enza Capital invested in the USD 3.6 million extension round – agreed and......
Tranglo Opens Payment Corridors to Africa, Latin America
Business Fintech News

Tranglo Opens Payment Corridors to Africa, Latin America

Fintech News Desk
by Fintech News Desk0
Tranglo is excited to announce 4 brand new payment corridors — Nigeria, Ghana, Uganda and Brazil — marking the fintech’s first foray into Sub Saharan Africa and Latin America.  Supported by local and foreign partnerships as well as Tranglo’s proprietary single interface platform, people living and working in over 23......
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