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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... -
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... -
The fintech platform M-KOPA, which offers digital credit to customers who are underbanked, has announced the publication of its 2021 Impact Report. By utilizing data to link digital micropayments with the Internet of Things technology, M-KOPA, a fintech platform founded in 2011 that offers connected finance and digital... -
The Central Bank of Nigeria (CBN) has approved Abeg App, a Piggytech Global Limited product, as a Mobile Money Operator in Nigeria. Abeg Technologies Limited, a division of Piggytech Global Limited, has been given approval in principle (AIP) by the Central Bank of Nigeria (CBN) to operate as a... -
With a focus on growing across Africa, Fido, a fintech business with its headquarters in Ghana, has raised $30 million in a Series A round of funding. Fido, a fintech company with headquarters in Ghana, has raised $30 million in a Series A round of fundraising with the goal...
