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Published: 06-04-2018 16:44:00 | By: Nico Scherphuis | hits: 962990 | Tags:

Subscription Management startup Chargebee partners with Worldline to improve customer engagement and retention
Published: 20-10-2021 | 15:28:51 | By: Pie Kamau
Worldline and Chargebee announced collaboration to provide an end-to-end payment, subscription and revenue operations solution for merchants operating in a subscription model.


Google selects nine Kenyan startups to receive equity-free funding via its Africa Investment Fund
Published: 19-10-2021 | 07:40:00 | By: Pie Kamau
During its very first “Google for Africa” event held early this month, Google announced it will be investing up to $50 million in African early- and growth-stage startups via its Africa Investment Fund.


Pan-African fintech startup Carbon partners with Network International to boost digital payment offering
Published: 15-10-2021 | 10:46:07 | By: Pie Kamau
Pan-African fintech startup and digital bank Carbon Bank has partnered with Network International, an enabler of digital commerce across Africa and the Middle East, as part of its plan to boost its digital payment offering.


African fintech startup Payday raises $1m pre-seed to build Africa’s PayPal
Published: 15-10-2021 | 10:38:00 | By: Pie Kamau
Payday, a Pan-African financial technology company has raised one million dollars to build out what they believe will be the “PayPal” for Africa.


[Startup Interview] Femi Apesin, OnePipe Growth & Marketing Lead, Nigeria
Published: 08-10-2021 | 14:07:00 | By: Pie Kamau
Femi Apesin is the Head of Growth and Marketing at OnePipe, a Nigerian startup that has raised almost US$1 million in a pre-seed round with a plan to make API integration seamless for banks and fintech companies.


Westchester Angels announces first exit opportunity, parlays early fintech investment into major win
Published: 06-10-2021 | 14:46:00 | By: Pie Kamau
Investment group Westchester Angels announced its first exit opportunity, providing significant returns to a group of local investors and highlighting their intuition for spotting growth opportunities.


South African fintech firm Ukheshe partners with Chipper Cash startup to accelerate rollout out of digital payment offerings
Published: 30-09-2021 | 15:29:32 | By: Pie Kamau
South African fintech firm Ukheshe Technologies has partnered with Chipper Cash to enhance and accelerate the rollout out of Chipper’s digital payment offerings.


Africa's crypto exchange Yellow Card raises $15m Series A funding to fuel expansion across the continent
Published: 28-09-2021 | 15:32:00 | By: Pie Kamau
Pan-African cryptocurrency exchange, Yellow Card, announced a $15 million Series A, the largest ever by an African cryptocurrency exchange, to ramp up hiring and continue its expansion across the continent.


EMURGO launches $100m Cardano ecosystem investment vehicle for early and growth stage startups
Published: 28-09-2021 | 15:19:00 | By: Pie Kamau
EMURGO, the official commercial arm of the Cardano blockchain, announced the launch of a new Cardano ecosystem investment vehicle to invest into early startup and growth stage companies focused on building socially impactful solutions powered by Cardano.


Ugandan fintech startup Fin-e Innovations raises $300,000 to bridge funding gap of African energy SMEs
Published: 28-09-2021 | 15:12:00 | By: Pie Kamau
Fin-e Innovations, a fintech start-up based in Uganda, has closed pre-seed funding of $300,000 from an undisclosed party in the United States.


Nigerian fintech startup Infibranches secures $2m funding from All On to drive growth in the renewable energy sector
Published: 23-09-2021 | 15:43:00 | By: Pie Kamau
Shell-funded impact investment company All On announced a $2 million investment in fintech company, Infibranches Technologies, to help bridge the energy distribution gap in underserved rural and peri-urban areas of Nigeria.


Will Smith's Dreamers VC backs $4m funded fintech startup Front to take on wall street, arm investors with better insights
Published: 22-09-2021 | 14:53:00 | By: Pie Kamau
Front, a strategic investment platform and companion app to Robinhood, Coinbase, Stash, and more that helps guide better investment decisions for new investors, announced the launch of its new app with funding from Will Smith's Dreamers VC.


Apto Payments acquires fintech startup Vertical Finance
Published: 10-09-2021 | 15:04:17 | By: Pie Kamau
Apto Payments, a next-generation cards and payments company, announced its acquisition of challenger credit card startup, Vertical Finance. The move expands both Apto Payments' product offerings and team.


[Startup Interview] Marco Abele, Co-Founder, OneFor, Netherlands
Published: 03-09-2021 | 13:44:00 | By: Bob Koigi
OneFor is a fintech startup that offers various mobile money applications and technical services, including account, payment and card services. Its card solution is supported by Mastercard International. The startup’s Co-Founder Marco Abele elaborates.


South African fintech startup SOL announces rebrand with new virtual card offering
Published: 01-09-2021 | 12:31:00 | By: Pie Kamau
South African fintech startup SOLmate, an online payment platform that offers clients a digital wallet facility, has unveiled a new product offering together with an extensive rebrand and renewed corporate vision.


Kenyan retail tech startup MarketForce raises $100,000 funding from Harambeans Prosperity Fund
Published: 31-08-2021 | 12:44:00 | By: Pie Kamau
The Harambeans Prosperity Fund, a donor advised investment vehicle formed through the Harambe Entrepreneur Alliance’s network of prominent families and corporations co-invested $100,000 in Y Combinator Harambean venture MarketForce.


South African fintech firm Ukheshe partners with dzcard to expand digital payment solutions in Asia Pacific
Published: 31-08-2021 | 12:35:47 | By: Pie Kamau
South Africa“s fintech startup Ukheshe which has been on a rapid expansion to different markets has announced a new partnership with global next-generation card solutions and digital security company, dzcard.


Varicent acquires commissions software startup Concert Finance
Published: 26-08-2021 | 13:45:58 | By: Bob Koigi
Varicent, a provider of incentive compensation and sales performance management solutions, has acquired Concert Finance (Concert), an innovative provider of commissions software designed by compensation experts.


Arab Bank launches its fintech accelerator program for startups in Egypt
Published: 24-08-2021 | 14:42:27 | By: Pie Kamau
Arab Bank launched its fintech-focused corporate accelerator program “AB Accelerator” in Egypt, following its successful launch in Jordan back in 2018.


Fintech startup Pngme raises $15m Series A funding to power the future of financial services in Africa
Published: 19-08-2021 | 11:46:00 | By: Pie Kamau
Fintech startup Pngme raised $15 million in Series A funding as the company sets out to grow its financial data infrastructure and machine learning-as-a-service platform for financial institutions and fintechs across sub-Saharan Africa.


Kenyan fintech startup Kwara selected for Mastercard Start Path program
Published: 19-08-2021 | 11:42:09 | By: Pie Kamau
Kenyan fintech startup Kwara is among the 11 startups that have been selected to join the Mastercard Start Path program.


UNest acquires Kidfund, the savings app designed for children
Published: 18-08-2021 | 13:32:00 | By: Bob Koigi
The acquisition of Kidfund will further accelerate UNest’s growth and deepen the company’s goal to simplify and streamline how parents save and invest for their kids’ future.


Mobility fintech startup Moove raises $23m Series A funding to democratize vehicle ownership in Africa
Published: 13-08-2021 | 14:29:00 | By: Pie Kamau
Moove, an African mobility fintech startup, announced it has raised $23 million in Series A funding, led by Speedinvest and Left Lane Capital.


11 fintech builders join Mastercard Start Path global network to scale innovation
Published: 13-08-2021 | 12:33:00 | By: Pie Kamau
Mastercard has opened door to startups around the world looking to grow platforms across open banking, predictive financial modeling for small businesses, smart rental payments and beyond.


Ecobank launches 2021 edition of its fintech challenge for African startups
Published: 11-08-2021 | 12:59:14 | By: Pie Kamau
The pan-African banking group, Ecobank group, is inviting African fintech entrepreneurs to join the 4th edition of the Ecobank Fintech Challenge.


Insurtech startup NEXT Insurance participates in Amazon Insurance Accelerator to provide access to affordable General Liability coverage
Published: 10-08-2021 | 11:47:00 | By: Pie Kamau
NEXT Insurance, the digital insurtech company transforming small business insurance, announced it is participating in Amazon Insurance Accelerator, providing Amazon sellers looking to buy insurance with instant quotes at competitive rates.


Fintech startup Rapyd raises $300m Series E to further enhance its service offering
Published: 04-08-2021 | 12:04:00 | By: Pie Kamau
Rapyd, a global Fintech as a Service company, announced a $300 million Series E funding round led by Target Global.


Tech executive Mark Bregman launches Quidnet Ventures, a venture capital fund based in New Zealand
Published: 03-08-2021 | 12:41:00 | By: Pie Kamau
Mark Bregman, a successful tech executive and entrepreneur, has launched Quidnet Ventures, a venture capital fund based in New Zealand and operated out of New Zealand, San Francisco and New York City.


Expert DOJO commits $5m to invest in female-founded African startups
Published: 30-07-2021 | 15:08:00 | By: Pie Kamau
Expert DOJO is committing $5 million fund to invest in early-stage African startups over the next 6-months. Expert DOJO will host the Africa-only cohort this September, marking the beginning of a long-term commitment.


Payments startup Lithic raises $60m Series C as demand for card issuing platform surges
Published: 29-07-2021 | 15:10:00 | By: Pie Kamau
Lithic, the card issuing platform for developers, raised $60 million in Series C funding, bringing the company's total fundraising to $110 million.


South African payments startup Yoco raises $83m Series C funding to accelerate growth
Published: 28-07-2021 | 14:29:00 | By: Pie Kamau
South African payments startup Yoco has raised a Series C funding round of $83 million (R1.23 billion) to accelerate product development and reach more merchants in South Africa and beyond.


UK-based legaltech startup Clara opens in Dubai following investment from DIFC FinTech Fund
Published: 27-07-2021 | 13:36:33 | By: Pie Kamau
Dubai International Financial Centre (DIFC), the global financial centre in the Middle East, Africa and South Asia (MEASA) region, announced it has invested in UK-based legaltech startup, Clara.


Danish fintech startup HelloFlow raises $1.6m for its no-code KYC and client onboarding solution
Published: 15-07-2021 | 12:54:00 | By: Pie Kamau
HelloFlow, a Danish fintech startup, has closed a $1.6m Seed round led by a Danish VC PreSeed Ventures, and UK-based, Seedcamp.


Fintech startup Marco closes $82m seed round to supercharge growth
Published: 15-07-2021 | 12:41:00 | By: Pie Kamau
Marco, the first tech-enabled financing platform built for small and medium-sized exporters in the United States and Latin America, announced it has raised $82 million in seed funding.


Nigerian fintech startup Lidya raises $8.3m pre-Series B funding round
Published: 15-07-2021 | 12:08:00 | By: Pie Kamau
Nigerian fintech and lending startup Lidya announced the completion of its $8.3 million pre-Series B funding round. Alitheia Capital led the investment through its uMunthu Fund with the participation of Bamboo Capital Partners.


Banque Misr partners with Microsoft to support fintech startups in Egypt
Published: 14-07-2021 | 12:11:00 | By: Pie Kamau
Banque Misr signed a Memorandum of Understanding (MoU), with Microsoft Egypt to launch the first open innovation program in the Egyptian market, enabling a spurt in fintech startup growth.


Kenyan startup Marketforce appoints Ore Omolaja as Country Manager, Head of Business for Nigeria
Published: 14-07-2021 | 12:06:00 | By: Pie Kamau
Marketforce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced the appointment of Ore Omolaja as the Nigeria Country Manager and Head of Business, effective 15th July 2021.


Kenyan startup MarketForce raises $2m pre-Series A to scale B2B retail marketplace, RejaReja
Published: 14-07-2021 | 12:00:00 | By: Pie Kamau
MarketForce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced a $2 million pre-Series A round, bringing total funding to-date to $2.5 million.


Yes Lender acquires fintech startup Edge Funder to create AI-powered funding portal for small businesses
Published: 07-07-2021 | 12:24:00 | By: Pie Kamau
Yes Lender announced it acquired Edge Funder, a fintech startup that is transforming entrepreneur's access to working capital through its direct-to-merchant funding portal.


South African fintech startup Ukheshe Technologies comes second in KPMG Global Tech Innovator competition
Published: 07-07-2021 | 11:58:00 | By: Pie Kamau
The KPMG Private Enterprise Global Tech Innovator Africa competition came to a close this week and saw South African fintech startup Ukheshe, take second place among 75 other worthy entrants across Africa.


Nigerian fintech startup TeamApt secures Series B funding
Published: 07-07-2021 | 11:53:33 | By: Pie Kamau
Nigerian fintech startup TeamApt has closed its Series B fundraising round, as it looks to expand its financial services beyond Nigeria.


Financials, ICT remain the most attractive sectors for VC investment in Africa, report
Published: 07-07-2021 | 08:34:56 | By: Bob Koigi
Mapping Africa’s startup landscape between 2014 and 2020, the report provides data and analysis on venture capital (VC) deal activity in Africa in 2020 along with information about the types of investors that have participated in those deals.


[Ghana] Verdant Capital raises $7.9 million for challenger fintech, Zeepay
Published: 06-07-2021 | 14:04:38 | By: Bob Koigi
The debt and equity raise for challenger fintech, Zeepay, head-quartered in Ghana, follows a $20 million equity and debt capital raise for Tugende, an East African technology-enabled asset financing business.


Ghanaian fintech startup Zeepay raises $7.9m Series A funding to support its operations
Published: 01-07-2021 | 14:07:00 | By: Pie Kamau
Ghanaian Fintech startup Zeepay announced the completion of a $7.9 million Series A.0 funding. The funding is a hybrid of both equity and balance sheet funds to support its operations.


South African fintech startup Ukheshe Technologies announces boostXB joint venture with ForexPeople
Published: 01-07-2021 | 13:48:00 | By: Pie Kamau
South African fintech startup, Ukheshe Technologies has partnered with ForexPeople, one of the country’s names in forex with over 20 years of experience, to seamlessly facilitate cross-border payments from South Africa into Africa.


Catalyst Fund announces Circle of Corporate Innovators to accelerate startup-corporate partnerships
Published: 29-06-2021 | 13:23:16 | By: Pie Kamau
Global inclusive tech accelerator Catalyst Fund, managed by BFA Global, today formally announced its Circle of Corporate Innovators, with its first members, Fidelity Bank, Ecobank, Sterling Bank, Access Bank and the VFD Group.


Banking as a service startup Unit raises $51m Series B funding to expand the team, accelerate growth
Published: 18-06-2021 | 12:19:00 | By: Pie Kamau
Unit, the banking-as-a-service startup that empowers companies to embed financial services into their products, announced it has raised a $51 million Series B led by Accel.


MarketForce acquires Digiduka startup to consolidate distribution of consumer goods with digital financial services in Africa
Published: 18-06-2021 | 12:08:43 | By: Pie Kamau
MarketForce, the end-to-end retail distribution platform for consumer brands in Africa, announced the strategic acquisition of Digiduka, a startup on a mission to bring informal retailers in Africa into the digital economy.


B9 raises $1.7m in pre-seed round to launch fintech platform to deliver full suite of personal financial services
Published: 17-06-2021 | 14:01:00 | By: Pie Kamau
Fintech startup B9 Inc., announced it is launching a full suite of app-based financial services. The company raised $1.7 million in an ongoing pre-seed funding round and is building out a platform to address the needs of a huge market of potential customers.


London-based fintech startup ShareVision raises $2.1m seed for 24/7 streaming platform
Published: 17-06-2021 | 12:11:00 | By: Pie Kamau
ShareVision raised $2.1 million in seed funding to scale its financial streaming platform, where both businesses and consumers are streaming content on the stock market, economical updates and financial education.


Fintech startup The Beans announces $2m in funding to simplify the path to financial success
Published: 04-06-2021 | 10:01:00 | By: Pie Kamau
The Beans, a financial technology startup built for America's Caring Class, announced $2 million in funding, led by Precursor Ventures.


Rapyd launches venture arm to propel digital commerce and payment innovation globally
Published: 03-06-2021 | 12:56:18 | By: Pie Kamau
Rapyd, a global Fintech-as-a-Service company, announced today the launch of Rapyd Ventures, its new venture arm that will focus on investing in early and growth stage businesses that are delivering the next wave of financial services innovation.


Healthcare fintech startup Green Feather secures $1.5m in seed round
Published: 02-06-2021 | 16:51:00 | By: Pie Kamau
Green Feather, an Atlanta-based healthcare fintech company, announced a seed capital raise of $1.5 million. The capital will bolster customer acquisition and engineering resources for Feather Pay, Green Feather's next-generation patient payments platform.


Digital wallet startup Eco raises capital from cultural and business leaders to create a better financial future for everyone
Published: 01-06-2021 | 12:44:00 | By: Pie Kamau
Eco, a digital wallet for saving and spending, announced some of the world's most prominent cultural icons participated in its recent fundraise of more than $26 million, alongside a16z Crypto, Founders Fund, and more than one hundred others.


Plug and Play Japan selects 91 Startups for its Summer/Fall 2021 Batch
Published: 01-06-2021 | 11:28:00 | By: Pie Kamau
Global Innovation Platform, Plug and Play Japan has selected 91 Japanese and international startups into its Summer/Fall 2021 Batch, which will be carried out from June to September 2021.


Payment facilitation startup Tilled raises $11m Series A to provide PayFac-as-a-Service infrastructure to software companies
Published: 26-05-2021 | 15:38:00 | By: Pie Kamau
PayFac-as-a-Service startup Tilled, announced the close of $11 million in Series A funding to empower software companies to monetize the payments flowing through their platforms.


Synchrony commits $15m to early stage Black, Latinx and female venture capital funds
Published: 24-05-2021 | 14:17:00 | By: Pie Kamau
Synchrony, a consumer financial services company announced it will commit $15 million to venture capital funds led by Black, Latinx, and female investing partners.


Fintech startup TiiCKER brings MarketWatch, CNBC, Benzinga and others to individual investors
Published: 21-05-2021 | 12:58:00 | By: Pie Kamau
TiiCKER, a Detroit-based fintech startup that engages, verifies and rewards retail investors through stock perks unveiled an aggregated news feature to its platform.


AlphaCode announces four startups taking part in the second phase of its incubate programme in South Africa
Published: 20-05-2021 | 14:50:00 | By: Pie Kamau
AlphaCode has announced the four fintech startups that will be part of the second phase of the AlphaCode Incubate programme.


South African fintech startup Ukheshe expands into Asia-Pacific region
Published: 20-05-2021 | 14:41:16 | By: Pie Kamau
South African fintech startup Ukheshe Technologies announced it will be expanding its footprint into the Asia-Pacific region as it introduces innovative digital-first payment solutions.


Railsbank partners with UK fintech startup Finadvant to offer digital banking to SMEs
Published: 19-05-2021 | 10:54:43 | By: Bob Koigi
Finadvant takes advantage of Railsbank's innovative BaaS platform to secure GBP and EUR ledger technology, offering the ability for their customers to receive, send and convert payments via SWIFT and UKFP.


Treasury Prime raises $20m in insider round
Published: 13-05-2021 | 11:39:00 | By: Pie Kamau
Treasury Prime, the Banking as a Service (BaaS) company, announced it has completed a $20 million Series B insider round co-led by Deciens Capital and QED Investors and with participation from SaaStr Fund, and Susa Ventures.


Venture capital firm TampaBay.Ventures launches $20m seed fund to support regional tech startups
Published: 12-05-2021 | 11:19:00 | By: Pie Kamau
New venture capital firm TampaBay.Ventures, has launched its first $20 million seed fund in order to support the growing tech scene in the Tampa Bay region.


AI-powered fintech startup Expend announces impressive start to crowdfunding campaign
Published: 11-05-2021 | 11:25:36 | By: Pie Kamau
Expend, the AI-powered fintech startup changing the way businesses manage expenses and spending, announced a great start to its crowdfunding campaign on Seedrs.


Mastercard Start Path selects Tippy to grow fintech solution for service industry professionals
Published: 07-05-2021 | 11:51:00 | By: Pie Kamau
Tippy, the digital tipping platform, announced it has been selected to join Mastercard Start Path, an award-winning program for fintech innovators.


Kenyan fintech startup Kwara selected for Japan-led Ninja Accelerator programme
Published: 06-05-2021 | 10:56:00 | By: Pie Kamau
Digital banking platform and fintech company Kwara has been selected for the first cohort of the Ninja Accelerator programme in Kenya.


[Startup Interview] Marvin Akankwasa, CEO, Social Lend Africa, Uganda
Published: 05-05-2021 | 16:33:00 | By: Bob Koigi
Social Lend Africa is a Uganda-based financial technology company that facilitates transactions between micro-lenders and small business owners on its web and mobile app


Fortú launches Latino digital bank, raises $5m led by Valar Ventures
Published: 04-05-2021 | 12:05:00 | By: Pie Kamau
Fortú announced the launch of its digital bank account focused on Latino and Hispanic U.S. residents who remain underserved by the "one size fits all" approach of traditional financial institutions.


Fintech startup Trust Payment expands into Ireland
Published: 30-04-2021 | 13:12:41 | By: Pie Kamau
Trust Payment has expanded into Ireland. The payments technology group will open an office in Dublin city centre as it seeks to benefit from local talent and rapid growth in the country's Fintech sector.


Dutch impact investment firm Goodwell Investments launches €50 million fund to support African SMEs
Published: 30-04-2021 | 13:04:00 | By: Bob Koigi
Goodwell V will build a new portfolio of companies across various sectors in Africa: at least a third will be invested in financial inclusion, a quarter in agriculture, and the remainder in mobility and other impact sectors such as education and healthcare.


[Startup Interview] Paul Foley, CEO, CTEX Markets, UK
Published: 30-04-2021 | 08:17:00 | By: Bob Koigi
Some of the services it offers include trade routing, price aggregation, AI based market analysis and reporting solutions.


Fintech startup Splitwise raises $20m Series A funding to accelerate global customer growth
Published: 29-04-2021 | 10:48:00 | By: Pie Kamau
Splitwise Inc, an interpersonal finance app for sharing expenses with friends and family, announced the raise of $20 million in Series A funding led by global venture capital and private equity firm, Insight Partners.


Accenture invests in Nigerian fintech startup Okra
Published: 27-04-2021 | 15:47:20 | By: Pie Kamau
Accenture announced an investment, through Accenture Ventures, in Nigeria-based fintech company Okra, an open finance data infrastructure startup serving the rapidly expanding African financial services market.


Detroit-based fintech startup Signal Advisors raises $16m to build end-to-end platform for independent financial advisors
Published: 27-04-2021 | 11:06:00 | By: Pie Kamau
Signal Advisors, a tech-enabled distributor of annuities and life insurance, announced a $10 million Series A led by General Catalyst, which closed in December 2020.


Plug and Play Korea launches in Seoul
Published: 27-04-2021 | 10:20:47 | By: Pie Kamau
Global innovation platform, Plug and Play, announced the launch of its new office in Seoul, Korea, to primarily focus on corporate innovation in the areas of Financial Services and Smart Cities and expects to expand to other industries in the future.


CBK partners with E4Impact Foundation to support Kenyan fintech startups
Published: 27-04-2021 | 09:29:11 | By: Bob Koigi
The MoU will leverage on programs run by the two organizations. These include the E4Impact Accelerator Program, the Afro-Asia Fintech Festival and the Annual Hackathon hosted by CBK and the Monetary Authority of Singapore (MAS).


Twenty-two startups join second cohort of UNICEF StartUp Lab in Ghana
Published: 20-04-2021 | 10:41:00 | By: Pie Kamau
UNICEF announced the launch of the 2021 cohort of the UNICEF StartUp Lab, a co-creation space and accelerator, that engages young startups in the development of innovative, open-source, market-driven products and solutions.


Fintech startup Wage secures $5m to scale credential-less payroll data API
Published: 14-04-2021 | 10:37:00 | By: Pie Kamau
Wage, an infrastructure software solution that lets people seamlessly and securely share their payroll data with third parties, announced the close of $5 million in funding to scale customer acquisition and support additional payroll data partnerships.


Cincinnati startups Abre and Pay Theory partner to transform education
Published: 13-04-2021 | 15:25:00 | By: Pie Kamau
Abre.io (Abre), and Pay Theory announced their partnership to help them better achieve their shared mission of breaking down socioeconomic and technical barriers to education.


Indian fintech startup Avanti raises $26m in Series A funding round to further invest in its digital tech platform
Published: 13-04-2021 | 11:15:00 | By: Pie Kamau
Indian fintech company Avanti Finance (Avanti) secured $26 million in debt and equity from Oikocredit, Bill and Melinda Gates Foundation, Nomura and the family office of Pratul Shroff.


Pan-African fintech platform Appzone secures $10m Series A funding
Published: 12-04-2021 | 13:12:00 | By: Pie Kamau
Appzone, the Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, announced the close of its $10 million Series A round.


Fintech startup Marquee Equity helps Qolo.io close its seed round
Published: 08-04-2021 | 17:56:00 | By: Pie Kamau
Marquee Equity, a fintech platform, has helped a Florida-based B2B Payments company, Qolo.io, close its seed round.


Fintech startup ROSHI to disrupt billion dollar home loan industry in Singapore
Published: 07-04-2021 | 16:40:00 | By: Pie Kamau
Touted as a disrupter in financial comparison, ROSHI plans to provide Singapore with a first to market home loan marketplace, which connects customers.


Verdant Capital raises $9.9 million financing for East African tech enabled MSME lender Tugende
Published: 07-04-2021 | 13:40:27 | By: Bob Koigi
Pan African specialist investment financial institution Verdant Capital has raised $9.9 million Series A equity capital for Tugende, a technology enabled MSME lender in East Africa.


Plug and Play selects 154 startups for the Summer 2021 Batches
Published: 02-04-2021 | 10:31:34 | By: Bob Koigi
During the three months of the program, the selected startups will participate virtually in networking events, mentor sessions, focus weeks, and private dealflow sessions.


EBRD invests in Turkish fintech startup DgPays
Published: 31-03-2021 | 12:52:17 | By: Pie Kamau
The European Bank for Reconstruction and Development (EBRD) is providing a fresh boost to Turkey's technology sector by investing in DgPays, a digital payment system provider, alongside Goldman Sachs.


Kenyan agency banking startup Tanda secures funding for regional expansion
Published: 30-03-2021 | 11:00:16 | By: Pie Kamau
Kenyan agency banking startup Tanda announced its expanding its regional operations after closing a funding round from HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota and 3 more investors.


ASIP Accelerator Program open for applications from disruptive startups in Africa
Published: 26-03-2021 | 11:00:00 | By: Pie Kamau
To develop the potential of startups driving the internet economy, Telecel Group has opened applications for the ASIP Accelerator Program powered by Startupbootcamp AfriTech.


Fintech startup Greenwood raises $40m in funding to provide Black and Latino banking services
Published: 26-03-2021 | 10:31:00 | By: Pie Kamau
Greenwood, the digital banking platform for Black and Latino individuals and business owners, announced it has closed $40 million of Series A funding from six of the seven largest U.S. banks and the top two payment technology companies.


Canadian startup Arteria AI raises $11m on oversubscribed Series A to accelerate growth in global financial institutions
Published: 23-03-2021 | 14:07:00 | By: Pie Kamau
Arteria AI, a global player in enterprise digital contracting, announced the closing of an oversubscribed Series A funding round, led by Information Venture Partners and Illuminate Financial Management.


Plug and Play, Finastra partner to expand FusionFabric.cloud platform for open innovation
Published: 22-03-2021 | 15:16:00 | By: Pie Kamau
Plug and Play announced a collaboration with Finastra, global financial technology provider, to help expand its FusionFabric.cloud platform for open innovation.


Fintech startup Honeycomb Credit closes $1.75m seed round to expand community capital model nationwide
Published: 18-03-2021 | 13:35:00 | By: Pie Kamau
Honeycomb Credit, a first-of-its-kind loan crowdfunding platform, is expanding its community-based small business financing model nationwide after closing a $1.75 million seed funding round.


Nigerian fintech startup Team Apt launches internship program to support women in tech
Published: 18-03-2021 | 12:33:00 | By: Pie Kamau
Nigerian fintech startup Team Apt has launched an internship program to support women in Technology. The program will run for six months providing a platform for young women to grow their skills.


Canadian fintech startup FIX4 set to transform car repair loan market
Published: 18-03-2021 | 12:10:26 | By: Pie Kamau
Canadian retail finance startup FIX4 Capital has joined the "Buy Now Pay Later" boom by offering instant online loan approvals so customers can enjoy flexible payment solutions for any car repair and maintenance estimates.


Burkland launches new dedicated practice for financial technology startups
Published: 17-03-2021 | 14:50:59 | By: Pie Kamau
Burkland, a full service fractional CFO and accounting provider for startups, announced a new dedicated Financial Technology practice team.


Venture Noire launches new cohort program following $1.3m grant from Walton Family Foundation
Published: 17-03-2021 | 14:40:00 | By: Pie Kamau
Venture Noire, a non-profit organization dedicated to supporting Black and minority entrepreneurs, announced the recipient of a multi-year grant from the Walton Family Foundation for a second consecutive year, totaling $1.3 million.


Bitcoin financial services startup river.com raises $12m Series A to accelerate growth
Published: 15-03-2021 | 14:43:00 | By: Pie Kamau
San Francisco-based Bitcoin financial services provider River Financial closed a $12 million Series A equity financing round to continue growing its financial service offerings for traditional investors.


IFC invests in Savannah Fund to support Africa’s tech startups funding growth
Published: 11-03-2021 | 12:23:00 | By: Pie Kamau
IFC announced an investment in the Savannah Fund, a technology seed fund in Africa, to increase lending to startups across sub-Saharan Africa with a focus on supporting women entrepreneurs and disruptive companies in high-growth sectors.


Plug and Play welcomes PIMCO as newest fintech partner
Published: 11-03-2021 | 09:27:00 | By: Pie Kamau
Global innovation platform, Plug and Play, announced its newest partnership with PIMCO, one of the world's premier fixed income investment managers.


Nigerian fintech startup Flutterwave raises $170 million to develop complementary innovative products
Published: 11-03-2021 | 05:50:46 | By: Bob Koigi
Founded by entrepreneur Olugbenga Agboola in 2016, the company’s valuation is considered to be valued at more than $1 billion.


Fintech startup Cube raises $10m Series A to expand next-geneneration CFO intelligence platform
Published: 10-03-2021 | 16:01:00 | By: Pie Kamau
Cube, the next-generation Financial Planning & Analysis (FP&A) platform for modern Finance teams, announced a Series A round of funding led by Mayfield, with participation from Bonfire Ventures and Operator Collective.


Digital payments startup AeroPay raises over $5 m venture round
Published: 08-03-2021 | 15:39:00 | By: Pie Kamau
AeroPay, a Chicago-based digital payments platform powering bank transfer payments for businesses, announced the closing of a $5+ million Venture Round led by Chicago Ventures, a firm that leads investments in early-stage startups.


Healthcare fintech startup PayGround raises $4m to simplify healthcare payments
Published: 03-03-2021 | 09:21:00 | By: Pie Kamau
Healthcare Fintech startup, PayGround, announced the closing of its $4 million Seed Round to strengthen its position of simplifying the way patients pay their healthcare bills.


Envestnet | Yodlee, Productfy partner to offer single technology platform for early-stage startups to embed financial products
Published: 02-03-2021 | 15:51:00 | By: Pie Kamau
Envestnet | Yodlee is partnering with Productfy, to offer a single platform for quicker development of financial products and solutions for Fintech startups.


African fintech start-up ImaliPay raises pre-seed funding to service gig workers' financial needs
Published: 02-03-2021 | 06:19:26 | By: Bob Koigi
ImaliPay, an African-based fintech start-up is making waves by reshaping the future of work in the gig economy.


[Startup Interview] Henry Tang, Co-Founder, Turff, Netherlands
Published: 01-03-2021 | 20:45:00 | By: Bob Koigi
Turff is a Dutch startup that runs a software platform for financial management of consumables. Expenses in student houses, associations and canteens are tracked on a free tablet.


Union Bank of Nigeria to support startups through UnionX Innovation Challenge
Published: 26-02-2021 | 15:09:00 | By: Pie Kamau
Union Bank, one of Nigeria’s foremost financial institutions, has unveiled the 2021 UnionX Innovation Challenge, as part of efforts to support young startups and boost innovation in the startup ecosystem.


Fintech startup TiiCKER celebrates Detroit public companies with exclusive shareholder perk for investors
Published: 26-02-2021 | 10:05:22 | By: Pie Kamau
TiiCKER, a Detroit-based fintech startup that engages, verifies and rewards retail investors through stock perks, announced an exclusive reward for shareholders of metro Detroit-based public companies.


Early-stage investor DFS Lab announces fintech and digital economy design sprint for startups in Egypt
Published: 25-02-2021 | 09:09:00 | By: Pie Kamau
Early-stage investor DFS Lab announced it will facilitate a virtual design sprint in March 2021 for fintech startups in Egypt. The sprint is hosted by the Central Bank of Egypt, in collaboration with the Financial Regulatory Authority.


Fintech startup Finix exceeds $100m in funding, adds execs from Google, Tesla, and Uber to its C-Suite
Published: 25-02-2021 | 08:05:00 | By: Pie Kamau
Finix, the payments infrastructure company helping vertical SaaS companies transform their businesses through payments, surpassed $100 million in total funding, allocating 10% of its most recent funding round for Black and Latinx investors.


Boast.AI secures $100m to fuel R&D tax credit-based financing for startups
Published: 18-02-2021 | 09:14:00 | By: Pie Kamau
Boast.ai, a software innovator whose flagship product automates the complex process of applying for R&D tax credits, secured a $100 million credit facility from Brevet Capital, a leading alternative credit investment and specialty finance firm.


January sees record number of investments in Israeli startups despite the pandemic, SNC reports
Published: 16-02-2021 | 10:01:00 | By: Pie Kamau
Analysis by Israeli NGO Start-Up Nation Central (SNC), has revealed that January 2021 saw record investments in Israel during a single month. Six startups raised more than $100 million each (mega rounds) during the month, totaling 73% of the total.


Nationwide doubles down on venture capital efforts, expands investment fund to $350m
Published: 12-02-2021 | 10:58:00 | By: Pie Kamau
Nationwide announced the expansion of its venture capital investment fund to $350 million, to be directed into high-growth potential insurance and financial services startups that directly advance Nationwide's strategy.


Insurtech startup Marble secures $2.5m seed round, launches first digital wallet and rewards for insurance
Published: 11-02-2021 | 10:17:00 | By: Pie Kamau
Marble, the first digital wallet and loyalty platform for insurance, announced $2.5 million in seed round funding.


Kenyan fintech startup Popote Payments raises funding from GreenHouse Capital
Published: 09-02-2021 | 08:19:10 | By: Pie Kamau
Kenyan fintech startup Popote Payments has raised an undisclosed amount of funding from Lagos-based fintech investment company GreenHouse Capital.


Fintech startup Routefusion secures $3.6m seed round
Published: 05-02-2021 | 10:38:00 | By: Pie Kamau
Routefusion, a financial technology company focused on providing the easiest and fastest way for tech companies to embed cross-border payments in their applications, has secured $3.6 million in seed funding.


Crush Capital raises $3.25m to launch pioneering streaming series "Going Public"
Published: 04-02-2021 | 16:17:00 | By: Pie Kamau
Crush Capital, the fintech company behind upcoming interactive streaming series "Going Public," announced a $3.25-million Seed round to accelerate the show's development and advance its goal of bringing IPO investing to everyday Americans.


VentureIsrael leads $1m investment round in Israeli fintech startup TenureX
Published: 03-02-2021 | 14:45:00 | By: Pie Kamau
Israeli fintech company TenureX has come out of stealth mode, announcing it is starting its pre-seed financing round with the first $1M, backed by VentureIsrael.


Former Mastercard President launches Global PayTech Ventures
Published: 29-01-2021 | 11:28:00 | By: Pie Kamau
The former President of Mastercard Europe, Javier Perez, announced the launch of Global PayTech Ventures (GPT), the first venture capital firm focused exclusively on ground-breaking payment technology.


VC-backed free money transfer service Taptap Send launches in Kenya
Published: 25-01-2021 | 13:18:00 | By: Pie Kamau
Taptap Send, a venture-backed startup that lets immigrants send money back home to emerging markets instantly has launched in Kenya.


TransUnion partners with South Africa's fintech startup Fincheck to improve access to finance for consumers
Published: 20-01-2021 | 08:54:00 | By: Pie Kamau
Global information and insights company, TransUnion, has partnered with South Africa’s financial marketplace, Fincheck, to make credit application process easier and less frustrating for consumers.


Fintech startup Bookkeeper360 raises $1m seed round to deliver SaaS business intelligence platform to small businesses
Published: 15-01-2021 | 11:22:00 | By: Pie Kamau
Bookkeeper360, a fintech company focused on accounting and advisory solutions for small businesses, announced $1 million in seed funding to support an increase in investor confidence for small business fintech solutions .


Minna Technologies raises €15.5 million to expand open banking tech to banks globally
Published: 15-01-2021 | 11:20:00 | By: Bob Koigi
Subscription management software tool Minna Technologies has raised €15.5 million in Series B fundraising led by Element Ventures.


Digital mortgage-servicing startup Brace raises $15.7m in Series B funding
Published: 13-01-2021 | 13:38:00 | By: Pie Kamau
Brace, a digital mortgage-servicing platform, announced it raised an additional $15.7 million in Series B funding led by Canvas Ventures.


Walmart announces creation of new fintech startup
Published: 12-01-2021 | 16:34:29 | By: Bob Koigi
Global retail corporation Walmart has announced the creation of a new fintech startup designed to develop and offer modern, innovative and affordable financial solutions.


UK fintech startup Curve closes $95 million in equity as it plans US launch
Published: 12-01-2021 | 16:25:10 | By: Bob Koigi
Curve, the London-based fintech that combines multiple cards and accounts into one smart card and even smarter app, has secured $95 million from a group of international investors as part of a successful Series C round.


India's Z3Partners announces first close of Tech & Digital Fund, invests in Cyfirma and DealShare startups
Published: 12-01-2021 | 10:36:00 | By: Pie Kamau
Z3Partners Tech Fund announced its First Close of $14 million and its investments in Cyfirma, a Cyber Threat Intelligence Software startup and DealShare, a Social Commerce-led online grocery startup.


[Startup Interview] Ted Martynov, Founder and CEO, CARMA, Nigeria
Published: 08-01-2021 | 09:26:00 | By: Bob Koigi
CARMA is an African-based startup offering proprietary decentralized technology allowing lenders to get more value by accessing data on a real-time basis. While non-lending organizations can also monetize their data which will increase their number of lenders.


SnapAP secures new equity investment financing led by Israel-based angel group
Published: 18-12-2020 | 11:56:45 | By: Pie Kamau
Snap Accounts Payable Corporation announced it has completed the first stages of a planned $2 million Seed Stage round of financing being led by a group of angel investors all located in Israel.


HexGn, AFRIEF launch startup program to accelerate African youth careers
Published: 15-12-2020 | 08:59:00 | By: Pie Kamau
HexGn, a consulting firm known for fast-tracking entrepreneurship and upcoming technologies globally, has joined hands with the Africa Islamic Economic Foundation (AFRIEF), to launch its flagship startup program, HexGn Startup Explore, in Africa.


Cincinnati-based startup Pay Theory launches new purpose-built payment solution for education
Published: 07-12-2020 | 19:39:00 | By: Pie Kamau
Pay Theory, a Cincinnati-based startup, launched a new payment processing platform with the mission of making school fees and payments straightforward for all involved parties: families, educators, and administrators.


Nigerian Fintech startup CredPal raises $1.5m funding round
Published: 07-12-2020 | 19:24:00 | By: Pie Kamau
Nigerian consumer credit startup CredPal raised a $1.5million funding round, as the startup prepares to launch its credit cards for consumers in Nigeria.


Plug and Play Japan selects 103 startups for its Winter/Spring 2021 Batch accelerator program
Published: 03-12-2020 | 14:16:00 | By: Pie Kamau
Plug and Play Japan has selected 103 startups in IoT, Fintech, Insurtech, Mobility, Brand & Retail, Hardtech & Health, and newly launched vertical, Smart Cities, for the Winter/Spring 2021 Batch accelerator program.


Dot Investing launches online forum for individuals keen on alternative asset funds
Published: 03-12-2020 | 13:51:26 | By: Bob Koigi
Dot Investing, a fintech startup based in London, has launched an online investment platform that allows individual investors to invest in top private and alternative asset funds.


[Column] Patrick Ndegwa: Celebrating startups and digital businesses that are uplifting African communities
Published: 30-11-2020 | 15:39:17 | By: Pie Kamau
The digital economy has opened up many opportunities for global businesses. Large enterprises and small businesses have seen increased profits and enhanced productivity due to digital innovation.


Contour Venture Partners closes oversubscribed $82m fourth seed fund
Published: 24-11-2020 | 13:32:00 | By: Pie Kamau
Contour Venture Partners, a New York City based seed stage venture capital firm, announced the closing of Contour Venture Partners IV with $82 million of capital commitments, exceeding its target of $75 million.


Fintech startup Credit Key closes $33m Series A financing, expands footprint in B2B payments
Published: 23-11-2020 | 16:00:00 | By: Pie Kamau
Credit Key, the B2B e-commerce payments solution, closed $33.85 million in total series A financing to support growth with participation from Greycroft, Bonfire Ventures, Loeb.nyc and other investors.


African fintech startup Chipper Cash raises $30m backed by Amazon CEO Jeff Bezos
Published: 23-11-2020 | 15:02:00 | By: Pie Kamau
African fintech startup Chipper Cash has secured a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions, the personal venture capital fund of Amazon CEO Jeff Bezos.


South African fintech startup Ukheshe to acquire Oltio, strengthens partnership with Mastercard
Published: 23-11-2020 | 07:53:00 | By: Pie Kamau
South African fintech startup Ukheshe announced it has entered into an agreement to acquire Oltio, a mobile technology company that developed Mastercard’s QR payment service Masterpass in South Africa.


Italian fintech startup Satispay raises €93 million funding to accelerate growth
Published: 20-11-2020 | 13:47:52 | By: Bob Koigi
Satispay, an Italian fintech startup revolutionizing mobile payments, has announced a €93 million Series C round. The round consists of €68 million of newly issued primary shares and approximately €25 million secondary shares.


UAE fintech startup Sarwa unveils next gen Sarwa X, announces partnership with Saxo Bank
Published: 17-11-2020 | 13:09:00 | By: Pie Kamau
Sarwa, online investment advisory platform for young professionals has unveiled its next-generation Sarwa X, a new product powered by a strategic partnership with Saxo Bank, a Fintech and Regtech specialist focused on multi-asset trading and investment.


British fintech startup ilumoni raises $450,000 to transform borrowing behaviours, help people repay debt
Published: 12-11-2020 | 13:34:00 | By: Pie Kamau
ilumoni, the fintech startup helping people to borrow better, save on unnecessary interest and time in paying off debts has raised $450,000 pre-seed investment backed by Move Ventures.


Mastercard co-innovates with 10 new fintechs to reshape the future of commerce
Published: 10-11-2020 | 07:30:00 | By: Pie Kamau
Mastercard has welcomed 10 fintechs from around the world to participate in its startup engagement program, Start Path, to scale the future of commerce.


Kenyan fintech startup Kwara launches Customer Success Traineeship Program for university graduates
Published: 09-11-2020 | 15:24:05 | By: Pie Kamau
Kwara, a digital banking platform in Kenya announced the launch of a Customer Success Traineeship Program. The program is part of the company’s broader agenda to build capacity for rising young Kenyan professionals.


Swedish fintech startup Payer launches beta test program to revolutionize customer registration in B2B e-commerce
Published: 09-11-2020 | 14:51:00 | By: Pie Kamau
Financial Services startup Payer has developed a new registration product that revolutionizes how customer relationships are made between companies online.


Zip closes $100 million in debt funding from Victory Park Capital
Published: 04-11-2020 | 12:09:46 | By: Bob Koigi
Zip Co Limited, a player in the digital retail finance and payments industry,has announced it has closed a A$100 million debt funding agreement with Victory Park Capital, a global alternative investment firm.


Paxful partners with African fintech startup Uhuru Wallet to ease money transfers
Published: 04-11-2020 | 11:49:00 | By: Pie Kamau
Crypto marketplace Paxful announced it is adding Uhuru Wallet as a payment method to its platform, to help provide easy access to the crypto economy for users in Southern Africa.


Fintech startup ORSNN launches whole-loan trading platform to beta
Published: 02-11-2020 | 15:33:00 | By: Pie Kamau
ORSNN, a fintech startup that builds end-to-end solutions for managing and trading loan portfolios, launched a private beta platform that provides financial institutions with a low-cost, transparent, and automated loan-trading system.


SUMA Wealth launches transformative financial inclusion platform targeting Latino community
Published: 30-10-2020 | 14:16:47 | By: Pie Kamau
SUMA Wealth launched its platform to engage, educate and empower U.S.-born Millennial Latinos, a community vital to the U.S. economy, in their fight for financial inclusion.


Fintech startup PAYMYNT Financial announces patent-pending Universal Payment Rewards System
Published: 30-10-2020 | 12:39:30 | By: Pie Kamau
PAYMYNT Financial, a Greater Boston-based financial technology company, filed a patent application for its novel Universal Rewards System.


Fintech startup PAYMYNT Financial announces universal payment rewards system
Published: 30-10-2020 | 12:01:59 | By: Bob Koigi
PAYMYNT Financial, a Greater Boston-based financial technology company, filed a patent application for its novel Universal Rewards System.


Digital Mortgage startup Tomo raises $40m to streamline home buying
Published: 29-10-2020 | 12:46:00 | By: Pie Kamau
Tomo Networks, a fintech startup that will improve the homebuying experience, initially as a digital mortgage and transaction company, announced it has raised a seed round of $40 million led by Ribbit Capital, NFX and Zigg Capital.


Fintech startup Lightyear raises $3.7m to simplify how enterprises buy network infrastructure
Published: 28-10-2020 | 13:59:00 | By: Pie Kamau
Financial technology startup Lightyear announced the launch of its software platform for businesses to buy and manage their telecom and IT infrastructure online.


Mexican startup Akiba selected one of 50 most inclusive fintech companies worldwide
Published: 26-10-2020 | 15:04:25 | By: Pie Kamau
Mexican fintech startup Akiba was selected as one of the 50 best startups worldwide among 403 Startups from 111 countries, after a competitive selection and verification process by an independent panel of 35 experts.


Dutch fintech startup Silverflow raises €3m to launch its card payments processing technology in 2021
Published: 23-10-2020 | 10:52:00 | By: Pie Kamau
Global payment technology company Silverflow announced a €2.6 million seed funding round, led by UK-based seed-stage investor Crane Venture Partners with participation from INKEF Capital and notable angel investors and industry leaders


Digital payments startup Wirex launches waitlist for multicurrency Mastercard debit card
Published: 22-10-2020 | 10:36:08 | By: Pie Kamau
London-based digital payments startup Wirex has launched the waitlist for a new multicurrency Mastercard debit card, just days after its record-breaking crowdfunding campaign came to a close, raising £3.7 million in 2 weeks.


[Startup Interview] Jeremy Mah, CEO, NeuXP, Malaysia
Published: 22-10-2020 | 07:36:00 | By: Bob Koigi
NeuXP is an integrated digital banking startup based in Malaysia that is positioning itself as the amazon of banking by providing a complete ecosystem with innovative services and leading-edge financial management tools.


Stripe acquires Nigeria's fintech startup Paystack to accelerate online commerce across Africa
Published: 16-10-2020 | 08:58:00 | By: Pie Kamau
Stripe has entered into an agreement to acquire Paystack, a fintech startup based in Lagos, to make it easy for organizations of all sizes to collect payments from around the world, and help increase Africa’s online GDP.


Galileo partners with fintech startup Save to process $7b in transactions and funds
Published: 15-10-2020 | 15:24:00 | By: Pie Kamau
Save and Galileo announced a partnership agreement to use Galileo's powerful and customizable API-based payments processing platform to process transactions and funding.


Greenwood closes $3m seed round to build online banking solution for Blacks and Latinx
Published: 09-10-2020 | 17:51:00 | By: Pie Kamau
Greenwood has secured $3 million in seed funding from private investors as the first digital banking platform for Black and Latinx people and business owners.


Castles Technology acquires fintech startup Spire Payments
Published: 07-10-2020 | 13:12:29 | By: Bob Koigi
Castles Technology, one of global payment solutions providers which offers services to more than 50 countries around the globe, has announced completion of the acquisition of the business and assets of Spire Payments,


U.S. fintech startup DoubleChec appoints Bill Amelio as Co-CEO and Executive Chairman
Published: 07-10-2020 | 13:08:00 | By: Pie Kamau
DoubleCheck, financial technology startup, announced the appointment of Bill Amelio as Co-Chief Executive Officer and Executive Chairman.


Ten startups selected for 2020 FinTech Innovation Lab Asia-Pacific
Published: 07-10-2020 | 12:59:03 | By: Bob Koigi
Ten fintech companies have been selected for the seventh annual FinTech Innovation Lab Asia-Pacific, a mentorship program created by Accenture.


Alfa Bank, Plug and Play collaborate on innovation in Fintech
Published: 30-09-2020 | 14:39:00 | By: Pie Kamau
Along with 80 other financial institutions across the United States, Frankfurt, Amsterdam, Milan, Paris, Abu Dhabi, Shanghai, Singapore, and Tokyo, Alfa Bank will join Plug and Play's global ecosystem.


Mastercard announces Fintech Express to empower Middle East and Africa fintechs to launch and expand rapidly
Published: 24-09-2020 | 16:49:00 | By: Pie Kamau
Mastercard has launched Fintech Express in the Middle East and Africa (MEA), a program designed to facilitate emerging fintechs’ launch and expansion.


 [Startup Interview] Myron Leskiv, CEO, Atama.AI, Netherlands
Published: 24-09-2020 | 08:42:00 | By: Bob Koigi
Atama A.I is a Netherlands startup that develops Artificial Intelligence-based trading algorithms for financial markets informed by years of research and development. It uses over 170 technical indicators and trained and back-tested millions of times to predict where the markets will go.


Clearent acquires field-services-management solution Wintac
Published: 23-09-2020 | 12:20:00 | By: Bob Koigi
Payment-solutions provider Clearent has acquired Wintac, a field-service-management software solution primarily targeting residential contractors.


Brazil fintech startup Zoop secures $11.4 million funding to accelerate growth
Published: 23-09-2020 | 12:09:45 | By: Bob Koigi
Movile, one of Latin America’s investors and growth accelerators for technology companies, has announced the company led a new investment of R$ 60 million in Zoop, a startup in financial services for the B2B market.


Finch secures $1.8m to launch all-in-one checking and investing account for millennials
Published: 22-09-2020 | 13:56:00 | By: Pie Kamau
Finch, a New York based fintech startup that integrates the benefits of investing and the flexibility of checking into an all-in-one account has raised $1.8 million in seed funding to launch its platform and help transform how people manage their money.


ARM launches API service for fintech startups in Nigeria
Published: 22-09-2020 | 09:33:00 | By: Pie Kamau
Nigeria's financial services provider ARM launched ARM Sandbox, a new and more efficient way for fintechs to scale their integration and customer acquisition plans.


South Korean fntech startup WireBarley raises $10m Series B to strengthen global remittance service capabilities
Published: 21-09-2020 | 14:10:00 | By: Pie Kamau
South Korean fintech startup in global memittance WireBarley has raised $10 million in Series B funding from Magna Investment, Shinsegae I&C and Dt & Investment.


Plug and Play selects 147 startups for its winter 2020 batches
Published: 18-09-2020 | 12:02:00 | By: Pie Kamau
Plug and Play announced the selection of 147 new startups into its winter 2020 batches. The startups were selected to join one of the following programs that will run through November 2020.


Fintech startup KodyPay raises £1.8m to transform payments industry
Published: 17-09-2020 | 12:35:00 | By: Pie Kamau
London based fintech startup KodyPay, raised £1.8 million to transform the payments industry, allowing users to pay for goods in-store without queueing thereby making shopping a prompt and effortless process.


Trust Payments partners with messaging and e-commerce startup Wakanda Messenger to empower Africans around the world
Published: 17-09-2020 | 11:05:41 | By: Pie Kamau
Trust Payments, the global unified payments group for global pay-in, pay-out and customer journey technologies, has partnered with social network, messaging and e-commerce startup Wakanda Messenger.


Hetz Ventures closes on $77m for oversubscribed second fund to invest in B2B enterprise tech
Published: 16-09-2020 | 14:58:00 | By: Pie Kamau
Hetz Ventures, a leading venture capital fund for early-stage investments, announced the close of its second flagship fund, oversubscribed at $77 million.


Flagstar Bank now accepting applications for MortgageTech Accelerator Program
Published: 16-09-2020 | 14:42:00 | By: Pie Kamau
Flagstar Bank and the Fintech Consortium are accepting applications for the Flagstar MortgageTech Accelerator Program now through Sept. 30.


Klarna announces $650 million funding round to accelerate global growth
Published: 15-09-2020 | 12:22:00 | By: Bob Koigi
Klarna, the global payments and shopping service, has raised $650 million in an equity funding round, at a post money valuation of $10.65 billion.


Spain's Banco Santander spins out fintech venture capital arm, doubles allocated funds to $400m
Published: 11-09-2020 | 13:07:00 | By: Pie Kamau
Banco Santander announced the launch of Mouro Capital, a new, autonomously managed venture capital fund focused on fintechs and adjacent businesses linked with the financial services industry.


Oyster closes $ 14 million seed round to accelerate its expansion in Mexico
Published: 11-09-2020 | 09:20:00 | By: Bob Koigi
Oyster has announced the closing of a $14 million seed round. This is the largest venture capital investment for a seed round in Latin America to date under the LAVCA umbrella.


Dutch fintech startup Mollie raises €90 million to scale operations across Europe
Published: 09-09-2020 | 16:59:22 | By: Bob Koigi
Dutch-based payment service provider Mollie has announced the closing of €90 million in its Series B funding round, taking the total amount raised by the company to €115 million.


Fintech startup Thunes raises $60m in Series B funding to accelerate global growth
Published: 08-09-2020 | 14:19:00 | By: Pie Kamau
Fintech startup Thunes, which operates a global B2B cross-border payments network, continues to attract investment as emerging markets take off.


Fintech startup Kira closes oversubscribed $2.2m private round led by blockchain investors
Published: 20-08-2020 | 16:32:00 | By: Pie Kamau
Kira, a decentralized finance technology company, successfully closed its Seed round backed by the private equity firm Ascensive Asset Management and Alphabit Fund.


Dutch fintech startup Bux launches in Belgium
Published: 19-08-2020 | 15:40:21 | By: Bob Koigi
BUX has launched its zero-commission investing app, BUX Zero, in Belgium.


U.S. fintech startup Robinhood closes $200m in Series G funding
Published: 18-08-2020 | 14:49:00 | By: Pie Kamau
U.S. fintech startup Robinhood announced a $200 million Series G funding at an $11.2 billion valuation from D1 Capital Partners.


Estonian fintech startup EvoEstate secures €320K pre-seed round for global expansion
Published: 18-08-2020 | 14:26:00 | By: Pie Kamau
Estonian fintech startup EvoEstate announced a €140K pre-seed extension to close its €320K pre-seed round, backed by Lithuanian Startup Wise Guys, a Hong Kong-based stealth investment fund, and business angels from France and the Baltics.


Fintech startup Robinhood to expand customer experience team with new employees across the U.S.
Published: 18-08-2020 | 13:59:00 | By: Pie Kamau
Financial services startup Robinhood announced that this year, the company plans to hire hundreds of additional registered financial representatives in Southlake, Texas, and Tempe, Arizona.


CaixaBank launches open innovation program to support startups in Spain and Portugal
Published: 18-08-2020 | 12:49:00 | By: Pie Kamau
CaixaBank has launched a new open innovation program to support startups in Spain and Portugal called the DayOne Open Innovation Program.


Teller secures $1 million financing to build credit risk protocol  
Published: 13-08-2020 | 13:02:00 | By: Bob Koigi
Teller, a blockchain project for decentralized lending incubated by A16Z’s crypto startup school, has announced a $1 million seed raise led by Framework Ventures.


Seattle based fintech startup Routable raises $12m for efficient business payments
Published: 12-08-2020 | 15:57:00 | By: Pie Kamau
Seattle based fintech startup Routable has raised $12 million in Series A funding from Founders Co-op, Lee Fixel, Y Combinator, Box Group, Liquid 2 Ventures, Jason Gardner, Gokul Rajaram, Aaron Schildkrout, Sam Hodges, Immad Akhund, and many others.


Austrian startup kompany accelerates growth with new funding, brings total raised to €14 million
Published: 05-08-2020 | 12:19:00 | By: Pie Kamau
kompany, an award winning RegTech platform for Business KYC (KYB) announced new investment of almost €6 million to accelerate growth and expand its new product lines.


Moroccan fintech startup OnePay announces $417,000 investment from Maroc Numeric Fund II
Published: 22-07-2020 | 13:13:00 | By: Pie Kamau
OnePay, a Moroccan fintech startup that operates as a distributor of means of payment and aggregator of payment and value-added services in electronic transactions announced a $417,000 investment from Maroc Numeric Fund II.


Dutch fintech startup BUX launches zero-commission investing app to French users
Published: 20-07-2020 | 16:48:00 | By: Pie Kamau
Dutch fintech startup BUX has launched its zero-commission investing app to French users, making it the first neobroker of its kind in the market.


Dutch startup Cevinio raises €4.5m to accelerate international growth
Published: 20-07-2020 | 16:18:00 | By: Pie Kamau
Cevinio, a fast-growing Accounts Payable software company from Rotterdam has raised €4.5 million from Endeit Capital and CNBB Venture Partners.


Pisano secures $2.5 million investment to accelerate expansion
Published: 10-07-2020 | 14:57:28 | By: Bob Koigi
Pisano, a European tech company that enables businesses to listen to the voice of their customers and employees has closed its $2.5 Million investment round.


Catalyst Fund announces seventh cohort of inclusive fintech startups
Published: 09-07-2020 | 15:35:37 | By: Bob Koigi
Catalyst Fund, the global inclusive fintech accelerator, has announced that six new fintech startups, from Nigeria, South Africa, Mexico and India are joining its existing portfolio of 31 companies.


Enygma Ventures invests $1m in Zambian fintech startup Lupiya
Published: 09-07-2020 | 14:17:00 | By: Pie Kamau
Enygma Ventures has made a $1 million investment in Zambian based micro finance startup, Lupiya. This investment, will enable Lupiya to continue to scale and roll out its services.


[Startup Interview] Rajat Dayal, CEO, Yabx, India
Published: 07-07-2020 | 11:57:00 | By: Bob Koigi
Yabx targets the unbanked population in the emerging markets of Africa, Asia, and Latin America by leveraging the digital footprints of an individual and providing tailor-made financial services. The startup’s founder and CEO Rajat Dayal explains.


Ingressive Capital grows African tech fund to $10 million
Published: 04-07-2020 | 13:54:00 | By: Pie Kamau
Ingressive Capital has doubled its investment vehicle to back high-growth, tech-enabled startups across Africa, and now operates a $10 million fund.


New York fintech startup CMG raises $25m to digitally connect equity capital markets participants
Published: 04-07-2020 | 13:27:00 | By: Pie Kamau
Capital Markets Gateway (CMG), a New York based financial technology firm modernizing the equity capital markets (ECM) announced it received a strategic investment of $25 million from several financial firms.


Symmetrical.ai closes €5.6 million seed funding to offer ethical finance to Europe employees
Published: 03-07-2020 | 11:05:43 | By: Bob Koigi
Symmetrical, a company that partners with employers to give their employees financial freedom and peace of mind has closed a €5.6 million.


Fintech startup Revenued acquires Sky Bridge Business Funding to boost business financing solutions
Published: 03-07-2020 | 11:04:07 | By: Bob Koigi
Revenued, a US-based financial technology startup founded in 2018, has announced the acquisition of Sky Bridge Business Funding.


MFS Africa acquires East Africa fintech startup Beyonic
Published: 03-07-2020 | 09:48:00 | By: Pie Kamau
East Africa fintech startup Beyonic announced that the company has been acquired by MFS Africa. MFS Africa operates Africa’s largest digital payments hub, connecting more than 200 million mobile wallets on the continent.


Nigerian fintech startup Wallets Africa raises undisclosed amount for African expansion
Published: 01-07-2020 | 15:54:00 | By: Pie Kamau
Nigerian fintech startup Wallets Africa has raised an undisclosed amount of funding to expand its operations and continue its quest to become Africa’s foremost borderless digital payments platform.


Egypt fintech startup MoneyFellows nabs $4 million to drive financial inclusion
Published: 26-06-2020 | 13:18:00 | By: Bob Koigi
Egyptian fintech startup MoneyFellows has secured $4 million in Series A investment from venture capital firms Partech and Sawari Ventures.


German startup Elucidate raises €2.5m to expand its financial crime index
Published: 24-06-2020 | 13:02:00 | By: Pie Kamau
Berlin-based financial crime risk quantification agency Elucidate has raised €2.5 million investment led by Silicon Valley-based 11.2 Capital with other participants in the round including Seed X Liechtenstein, Apex Ventures, Big Start Ventures and SixThirty Ventures.


New York health startup Cedar closes $102m Series C funding and new innovation partnership with Novant Health
Published: 23-06-2020 | 11:40:00 | By: Pie Kamau
New York based patient engagement and financial technology leader, Cedar, announced it has closed more than $102m in Series C funding, led by venture capital firm Andreessen Horowitz.


UNICEF Cryptocurrency Fund announces investment for startups in developing, emerging economies
Published: 23-06-2020 | 10:00:00 | By: Pie Kamau
Eight technology companies in developing and emerging economies will receive investment from the UNICEF Cryptocurrency Fund (CryptoFund) to solve local and global challenges.


Dutch fintech startup BUX expands into Germany and Austria
Published: 17-06-2020 | 13:02:00 | By: Bob Koigi
Dutch mobile investing startup BUX has extended its European expansion with the launch of new app BUX Zero in Germany and Austria.


Pan-European startup EstateGuru exceeds €350K funding target by 252 %
Published: 09-06-2020 | 13:04:00 | By: Pie Kamau
Pan-European marketplace for short-term, property-backed loans, EstateGuru has closed a €880K funding round on investment platform Seedrs.


Paypal invests in Sweden fintech startup Tink to grow European footprint
Published: 05-06-2020 | 16:13:00 | By: Bob Koigi
Paypal has invested €90 million in Stockholm-based fintech Tink and entered into a strategic agreement with the startup.


UK cryptocurrency startup Plutus announces partnership with Nike
Published: 04-06-2020 | 15:23:00 | By: Bob Koigi
London-based Plutus​, a Fintech firm has announced an affiliate partnership with sports apparel giant, Nike.


EBRD, Wise Guys startup enter Fintech accelerator partnership
Published: 04-06-2020 | 08:51:00 | By: Pie Kamau
Start-ups across the regions where the European Bank for Reconstruction and Development (EBRD) invests will benefit from a new partnership between the Bank and Startup Wise Guys, a leading start-up accelerator with a presence across the Baltic states.