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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... -
Dash, a Ghanaian payment platform has secured $32.8 million in an oversubscribed seed round led by various partners. A Ghanaian unified and accessible payments app, Dash has raised $32.8 million in an oversubscribed seed round headed by Insight Venture Partners, global private equity and venture capital firm based in... -
Paystack Ghana has received a new license to continue helping businesses in Ghana grow. Nigerian-based fintech, Paystack has been granted a Payment Services Provider (PSP) Enhanced license by the Bank of Ghana. The licence, the highest level in the PSP category, permits Paystack to process EMV GH-Link prepaid cards for... -
According to research, 85% of African SMBs have zero access to financing, and each day, African SMBs have billions locked up in receivables due to long payment cycles. This leads to cash flow problems that cause businesses to be late on important expenses and fulfilment of new orders. Jesse Ghansah... -
Chango App, a new mobile crowdfunding platform established by the Ghanaian IT Consortium, allows people and groups to raise money for a predetermined campaign. A new mobile app named Chango, a crowdfunding platform has been released by IT Consortium, one of Ghana’s leading producers of digital financial solutions. Chango...
