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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... -
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 fintech startup, has been ordered by the Bank of Ghana to cease operations due to unapproved licences. The Bank of Ghana has ordered Ghanaian fintech company Dash to cease operations. The fintech startup has been growing since securing a $32.8 million seed round of funding with... -
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... -
Nigerian fintech startup, Lemonade Finance, has raised $725K in pre-seed funding for a project aimed at improving access to financial services for African diaspora investors. Nigerian fintech startup Lemonade Finance has secured a US$725,000 pre-seed funding round. The round was led by Y Combinator and other investors Ventures Platform,...
