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Lemfi’s deal with Visa boosts its global presence, enabling efficient cross-border payments and expanding financial services worldwide. Lemfi, an emerging fintech startup, has recently inked a pivotal expansion deal with the global payment processing platform Visa, marking a significant stride in its quest for global reach. This strategic partnership... -
Chipper Cash launched its US remittance service to empower the African diaspora. However, a terminated bank partnership halted its international money transfer services from the United States.... -
Injaro Investment Advisors, a leading Ghanaian private capital fund manager, has made a significant equity investment of US$2 million in Zeepay Ghana Limited's Series A.5 round. Zeepay, a wholly-Ghanaian-owned mobile finance service provider, specializes in cross-border payments and mobile money services across Africa and the Caribbean. This strategic investment... -
In the heart of Sierra Leone's financial challenge, EziPay emerged as a transformative force. With traditional banking out of reach for many, EziPay harnessed mobile technology, uniting the unbanked. From remote villages to bustling cities, it bestowed the power of financial services to handheld devices, rewriting the narrative of... -
Today, the Google for Startups Black Founders Fund announces the selection of 25 African startups. Notably, 72% of these startups are led or co-founded by women, showcasing a strong representation of female leadership. The selected startups demonstrate diversity not only in their leadership composition but also in their geographical... -
Bank of Ghana raises alarm over 97 Illegal loan apps: Protect yourself from unregulated lenders! The Bank of Ghana (BoG) has issued a cautionary statement to the public regarding the usage of 97 illegal mobile apps primarily found on the Google Play Store. These apps have been offering loans... -
Lemonade Finance facilitates seamless money transfers for Ghanaians in Canada, offering a reliable solution for sending funds back home. For Ghanaians in Canada, sending money back home has been difficult, expensive, and time-consuming. But now, with Lemonade Finance, a special app for Ghanaians living outside Ghana, sending money to... -
New investment program targets up to 30 underrepresented entrepreneurs in underserved sectors and geographies across Africa. Flourish Ventures, a global venture capital firm investing in mission-driven fintech entrepreneurs, announced the launch of affiliate Madica, a structured investment program for pre-seed-stage technology companies in Africa. Aiming to serve mission-driven and under-represented founders,... -
Fintech continues to be the dominant industry within the ecosystem, with the top investment destinations on the continent being Nigeria, Egypt, South Africa, and Kenya. The thriving African startup market is well-positioned to become a pillar of the continent’s digital economy, fostering local innovation through relevant solutions to societal...
