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Backbase, the global player in Engagement Banking, has partnered An Binh Bank (ABBANK) to transform the banking experiences for millions of Vietnamese customers.

Nigerian fintech startup Moni unveils new community-powered digital loans for African SMEs

Published: 04-04-2023 | 13:49:00 | By: Pie Kamau

Nigerian fintech startup Moni has launched a new range of business loans targeting SMEs in Africa.

Why open finance is the future, Plug and Play

Published: 27-03-2023 | 13:28:00 | By: Pie Kamau

In 2018, the UK made history as the world’s first Open Banking Standard was implemented, establishing the foundations for the nation’s pioneering ecosystem and setting a blueprint for other countries.

First Citizens Bank enters into whole bank purchase of Silicon Valley Bridge Bank, N.A.

Published: 27-03-2023 | 13:13:00 | By: Pie Kamau

First Citizens Bank, has entered into an agreement with FDIC to purchase out of FDIC receivership substantially all loans and certain other assets, and assume all customer deposits and certain other liabilities of Silicon Valley Bridge Bank, N.A.

[Column] Takalane Khashane: Building a digital, sustainable bank for the future

Published: 20-03-2023 | 14:00:00 | By: Pie Kamau

Banking, like many other sectors, has responded to rapid change and evolving customer needs by developing a digital strategy.

VION Investments offers immediate funding to companies affected by SVB and Signature Bank collapse

Published: 15-03-2023 | 12:36:26 | By: Pie Kamau

The collapse of SVB Bank and Signature Bank, the largest such failures since 2008, have sent shockwaves through the financial markets, hitting startups and companies reliant on venture capital hardest.

How DeFi is disrupting traditional banking and financial services

Published: 08-03-2023 | 10:53:00 | By: Pie Kamau

The traditional banking and financial services industry has long been the cornerstone of the global economy. It has provided access to capital, enabled trade, and facilitated financial transactions for centuries.

Decentralized finance companies are shifting from centralization, Plug and Play

Published: 22-02-2023 | 14:25:00 | By: Pie Kamau

Decentralized finance, commonly referred to as DeFi, is an emerging technology aimed at building a new financial system that is open to everyone and does not depend on traditional financial intermediaries, such as banks, lenders, etc.

SC Ventures partners with Yabx to expand access to financial services in Africa

Published: 20-02-2023 | 14:30:00 | By: Pie Kamau

SC Ventures announced it has entered into a Memorandum of Understanding (MoU) with Yabx , a company incubated by Comviva and part of the Mahindra Group, to address a deep need for responsible consumer finance in Africa.

Swiss startup Taurus raises $65m to further develop its digital asset platform, fuel international expansion

Published: 14-02-2023 | 08:30:00 | By: Pie Kamau

Taurus, the digital asset infrastructure provider for financial institutions in Europe, announced a $65 million Series B capital raise from strategic investors.

Spanish fintech startup Snab closes €1.1m investment round to grow its B2B payments platform

Published: 06-02-2023 | 14:56:00 | By: Pie Kamau

Snab, the Spanish payment platform that allows payments and transfers between companies in one click, has raised €1.1 million in its first funding round.

South African digital lender Lulalend raises $35m Series B funding to accelerate growth

Published: 06-02-2023 | 14:32:00 | By: Pie Kamau

Lulalend, a South African digital lender offering funding options for businesses. has raised $35 million in Series B funding to accelerate the growth of its loan book and bring new solutions to the market.

Finance software startup Quartr signs API deal with Nordnet to enhance informed investment decisions

Published: 06-02-2023 | 12:15:00 | By: Pie Kamau

Finance software startup Quartr signed an API deal with Nordnet, the online broker in the Nordic region, reaching almost two million customers.

European digital asset platform Bitpanda launches SaaS product for banks, fintechs

Published: 30-01-2023 | 09:08:00 | By: Pie Kamau

Bitpanda, a European digital asset platform, announced the launch of Bitpanda Technology Solutions, the most scalable Investing-as a-service infrastructure available in Europe and globally.

Nigerian fintech firm TeamApt reaches annualized payments volume of $170 billion, rebrands to Moniepoint

Published: 16-01-2023 | 12:07:00 | By: Pie Kamau

TeamApt Incorporated, the business banking platform in Nigeria, has adopted the name of its flagship product - Moniepoint, a testament to its success as the all-in-one digital banking solution for businesses.

Plesion Capital invests $500,000 funding in Ugandan fintech platform Xeno

Published: 09-01-2023 | 10:03:00 | By: Pie Kamau

Plesion Capital announced its formation as a social impact venture capital firm focused on partnering with mission-based entrepreneurs and companies to combat poverty around the world.

Mendoza Ventures closes $100m early growth fintech fund anchored by Bank of America

Published: 09-01-2023 | 09:04:00 | By: Pie Kamau

Mendoza Ventures, a Latinx-founded Fintech, AI, and Cybersecurity Venture Capital firm, has achieved a first close on its third fund.

Regent Bank names Peter Mullen as Director of Venture and Tech Banking

Published: 04-01-2023 | 14:57:00 | By: Pie Kamau

Regent Bank has named Peter Mullen Director of Venture and Tech Banking, as the migration of talent from traditional innovation hubs like the Bay Area and NYC continues to Midwestern cities.

Fintech enabler Ukheshe secures Series A funding to accelerate international expansion

Published: 22-12-2022 | 10:10:00 | By: Pie Kamau

Ukheshe International, the UK-headquartered division of digital-first, Banking as a Service (BaaS) enabler Ukheshe, announced the conclusion of an investment agreement that will help accelerate its international expansion.

HashKey and SEBA Bank partner to accelerate institutional adoption of digital assets in Hong Kong and Switzerland

Published: 05-12-2022 | 10:18:00 | By: Pie Kamau

HashKey and SEBA Bank announced a partnership to leverage their digital asset service offerings as well as custody and asset management products to accelerate institutional adoption of digital assets.

MyMonty calls to all banks, MNOs and startups: the time for digitization is now!

Published: 28-11-2022 | 09:33:00 | By: Pie Kamau

In 1998, Mountasser Hachem founded Monty Holding, which has since become a giant in the telco sector, achieving unprecedented global penetration.

Nigerian money app Kuda launches in the UK

Published: 11-11-2022 | 07:49:00 | By: Pie Kamau

Nigerian money app Kuda, announced it is launching in the UK as part of a global expansion drive with a view to serving the cross-border transfer needs of UK-based Nigerians.

Dutch fintech venture Yabx expands into Nigeria

Published: 10-11-2022 | 13:53:00 | By: Pie Kamau

Yabx, a fintech venture headquartered at Netherlands, announced its foray into Nigerian markets with a mission to democratize credit across the country with its digital lending offerings.

Nigerian lending startup Payhippo acquires Maritime Microfinance Bank

Published: 08-11-2022 | 14:15:54 | By: Pie Kamau

Nigeria’s credit-led SME fintech Payhippo has acquired Maritime Microfinance Bank (MFB), a financial institution specializing in saving products, demand deposits, and investments as well as micro and SME loans

GS1 Hong Kong unlocks the next generation of trade finance service for SMEs in China

Published: 31-10-2022 | 07:21:00 | By: Pie Kamau

GS1 Hong Kong (GS1 HK) announced it has welcomed the launch of Commercial Data Interchange (CDI) by the Hong Kong Monetary Authority (HKMA).

Kenyan fintech startup Tanda announces agency banking entry in Uganda, Rwanda, Tanzania

Published: 28-10-2022 | 13:32:00 | By: Pie Kamau

Kenyan fintech startup Tanda announced plans for agency banking entry in Uganda, Rwanda, Tanzania to accelerate growth within the East African markets.

Swiss settlement banking startup Arf raises $13m seed seed round to further develop its blockchain-based technology

Published: 26-10-2022 | 10:00:00 | By: Pie Kamau

Arf, the VQF-regulated global settlement banking platform using Web3 technologies has raised $13 million in a seed round with the participation of industry leaders.

Mobile banking fintech NorthOne raises $67m Series B funding to accelerate growth across small business communities

Published: 17-10-2022 | 13:30:00 | By: Pie Kamau

NorthOne announced it has raised $67 million in Series B funding. With participation from new and existing investors, NorthOne is poised to further expand the reach of its business management platform.

African fintech startup Flutterwave launches eNaira payments for businesses in Nigeria

Published: 16-09-2022 | 11:06:57 | By: Pie Kamau

Flutterwave, Africa's payments technology company announced its merchants can now process payments in eNaira, the Nigerian digital currency issued and distributed by the Central Bank of Nigeria.

African fintech startup Flutterwave secures switching and processing license from Central Bank of Nigeria

Published: 05-09-2022 | 14:11:00 | By: Pie Kamau

Flutterwave, Africa's payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN), widely regarded as CBN's most valuable payments processing license.

Kenyan fintech startup Pezesha raises $11m to expand across Africa

Published: 01-09-2022 | 14:36:00 | By: Pie Kamau

Pezesha, a Kenyan fintech that has built a platform where small and medium enterprises can access funding, has raised $11 million in a pre-series A equity and debt funding.

Pomelo fintech launches with $20m seed capital

Published: 17-08-2022 | 15:16:00 | By: Pie Kamau

Pomelo announced a Series Seed of $20 million in venture capital and $50m in warehouse facility for a total of $70m in seed financing, and is the first company to combine credit and international money transfer.

Fintech startup Bizao raises €8m Series A funding to accelerate its footprint across Africa

Published: 26-07-2022 | 10:51:00 | By: Pie Kamau

Bizao, a fintech that facilitates payments for both local and international businesses operating in Africa, announced a €8 million Series A funding to accelerate its geographical footprint across the continent and invest in the design of new lines of products and services.

Nigerian fintech infrastructure startup Bloc acquires payments company Orchestrate

Published: 26-07-2022 | 10:24:55 | By: Pie Kamau

Bloc, the Nigerian fintech infrastructure provider, has announced the acquisition of Orchestrate (previously Getwallets), a proprietary payments orchestration startup that gives businesses instant access to multiple payment providers with one integration.

Social impact fintech DreamStart Labs partners with BRAC Bank to reach unbanked women in Bangladesh

Published: 20-07-2022 | 09:25:00 | By: Pie Kamau

DreamStart Labs, a fintech for emerging markets, and BRAC Bank, a commercial bank in Bangladesh, have entered into an agreement to provide digital financial services to unbanked women in Bangladesh.

Flagstar Bank completes third MortgageTech Accelerator program

Published: 15-07-2022 | 12:44:00 | By: Pie Kamau

Flagstar Bank announced it has wrapped up its third MortgageTech Accelerator program - the first and only accelerator in the United States solely dedicated to mortgage technology.

London-based fintech startup Griffin raises $15m to become the bank fintechs can build on

Published: 08-07-2022 | 13:14:00 | By: Pie Kamau

Griffin, a Banking as a Service (BaaS) fintech firm, announced it has raised $15.5 million funding to launch the OS for embedded finance.

African fintech Flutterwave appoints Gurbhej Dhillon as new CTO

Published: 06-07-2022 | 11:51:00 | By: Pie Kamau

Flutterwave, Africa’s payments technology company, announced the appointment of former Goldman Sachs’ Managing Director, Gurbhej Dhillon as Chief Technology Officer (CTO).

Nigerian fintech startup Mono launches in Kenya

Published: 06-07-2022 | 11:43:00 | By: Pie Kamau

Mono, a Nigerian fintech startup that builds open banking infrastructure to enable access to customer financial data and bank payments for digital businesses in Africa, announced it has expanded its services to Kenya.

Neomoon digital bank raises $850k in first seed capital investment round

Published: 05-07-2022 | 14:39:00 | By: Pie Kamau

Neomoon, the digital bank based on stablecoin which offers Latin Americans financial solutions to protect their money from devaluation and facilitate daily transactions, announced the closing of $850k first seed capital investment round.

Dutch-based startup Backbase raises €120m in growth equity funding

Published: 05-07-2022 | 14:04:00 | By: Pie Kamau

Backbase, creator of the category-leading Engagement Banking platform, raised €120 million in growth equity funding from Motive Partners.

Dutch fintech Backbase secures €120m funding to accelerate growth

Published: 09-06-2022 | 12:16:00 | By: Pie Kamau

Dutch financial technology company Backbase, the creator of the category-leading Engagement Banking platform, raised €120 million in growth equity funding from Motive Partners.

Crypto Valley Venture Capital firm launches early-stage fund targeting African blockchain startups

Published: 23-05-2022 | 17:15:28 | By: Pie Kamau

Crypto Valley Venture Capital (CV VC), announced the launch of its African Blockchain Early-Stage Fund targeting blockchain startups from across Africa.

Banking-as-a-Service startup Unit raises $100m Series C round to accelerate product development

Published: 18-05-2022 | 13:05:00 | By: Pie Kamau

Unit, the banking-as-a-service platform that empowers companies to embed financial services in their products, announced it has raised a $100 million in a Series C round led by global software investor Insight Partners.

Lithuanian fintech startup kevin. secures $65m to disrupt payments sector, unlock open banking

Published: 04-05-2022 | 13:39:00 | By: Pie Kamau

kevin., the Lithuanian fintech startup providing an advanced A2A (account-to-account) payment infrastructure to replace costly card transactions, announced it has secured $65 million in Series A funding.

SVB debuts fellowship program to foster next-gen of Black, Latinx and women venture capital leaders

Published: 07-04-2022 | 16:40:00 | By: Pie Kamau

SVB Financial Group (SVB), financial partner of the innovation economy and parent company of Silicon Valley Bank, announced the SVB Fellows Program, a fellowship program for Black, Latinx and women professionals.

Fintech startup Credrails partners with Access Bank to foster the future of finance in Africa

Published: 05-04-2022 | 12:33:00 | By: Pie Kamau

Access Bank has partnered with financial infrastructure startup Credrails to develop open finance rails that will dramatically improve the experience of banking customers across the continent.

African fintech Flutterwave goes live in Tanzania

Published: 30-03-2022 | 10:52:33 | By: Pie Kamau

African fintech Flutterwave announced it has gained approval from the Bank of Tanzania (BoT) to launch its payment service in the country.

Smart addressing startup OkHi secures $1.5m seed funding to drive smart address verification in Africa

Published: 10-03-2022 | 15:32:00 | By: Pie Kamau

Smart addressing startup, OkHi, has secured a $1.5 million seed extension, bringing the total of its seed funding to $3 million. This raise is supported by notable firms and individuals who, beyond funding, bring a wealth of expertise to OkHi.

[Kenya] Applications for 5th cohort of Standard Chartered Bank's Women in Tech program open

Published: 10-03-2022 | 15:09:00 | By: Pie Kamau

The Standard Chartered Bank has opened applications for the 5th cohort of its Women in Tech incubator program.

iCapital expands strategic partnership with Bank of Singapore

Published: 01-03-2022 | 14:35:16 | By: Bob Koigi

With the deal, iCapital takes over the management and operation of the bank’s private market feeder funds while Bank of Singapore retains client servicing responsibilities.

African fintech Flutterwave rebrands, introduces new products and services

Published: 21-02-2022 | 14:31:00 | By: Pie Kamau

African fintech startup Flutterwave has unveiled a significant re-brand and identity during the Flutterwave 3.0, virtual event held on Friday, 18th February 2022.

[African Startup Review] Pie Kamau: Nigerian fintech Flutterwave is now Africa's highest valued Unicorn

Published: 18-02-2022 | 18:28:00 | By: Pie Kamau

As the African fintech industry continues to bloom, so does the funding. Flutterwave has now become Africa's highest valued startup after closing $250 million Series D funding, bringing the company’s valuation to over $3 billion.

Brazilian fintech startup Trace Finance raises $4.3m seed investment to disrupt global banking for Latin American startups

Published: 16-02-2022 | 10:35:00 | By: Pie Kamau

Trace Finance, a Brazilian fintech startup that enables faster and more streamlined cross-border banking for startups, has announced a $4.3 million seed funding round.

Fintech startups hub Abaca crosses $2b in compliant cannabis commerce

Published: 07-02-2022 | 12:39:00 | By: Pie Kamau

Cannabis banking fintech company Abaca surpassed compliantly processing more than two billion dollars in commerce for the cannabis industry.

F-Prime Capital launches F-Prime Fintech Index to track the performance of disruptive fintech startups

Published: 01-02-2022 | 13:27:00 | By: Pie Kamau

F-Prime Capital announced the launch of The F-Prime Fintech Index, designed to track the performance of disruptive fintech companies enabling the delivery of core financial services across payments.

Bank of America commits $20m to Invest Detroit Ventures' early-stage startup fund

Published: 31-01-2022 | 13:55:00 | By: Pie Kamau

Invest Detroit Ventures (IDV) announced an investment from Bank of America to support IDV Fund IV, a newly-established $20 million fund that provides capital investment to Michigan startups during early, critical stages of development.

Canadian fintech startup Periculum launches in Nigeria to build credit assessment infrastructure for Africa

Published: 17-01-2022 | 14:28:28 | By: Pie Kamau

Canadian fintech startup and credit assessment company Periculum, has launched in Nigeria to tackle the challenge of domestic credit to the underserved markets.

Seattle-based fintech startup Seashell unveils inflation-resistant investment product alongside $6m seed round

Published: 17-01-2022 | 14:22:00 | By: Pie Kamau

Seashell, the fintech company dedicated to building a consumer-first, modern banking and investment experience, emerged from stealth with the announcement of Seashell Save.

British Fintech Farm raises $7.4m to launch Neobanks in 8 countries

Published: 17-01-2022 | 14:06:00 | By: Pie Kamau

Fintech Farm, a British fintech company creating neobanks in emerging markets, raised $7.4 million investment to develop its new project.

Fintech startup Rêv enters U.S. payments market with the launch of an app-based multi-currency debit account

Published: 05-01-2022 | 10:56:22 | By: Bob Koigi

The X World Wallet account is easy to load from a user's existing bank account(s) and is linked to physical and digital Visa cards that can be easily added to Apple, Google, and Samsung Pay digital wallets for tap and go convenience.

Kenyan fintech startup Paylend raises $2m seed investment to accelerate growth

Published: 21-12-2021 | 12:27:00 | By: Pie Kamau

Paylend, a Kenyan fintech startup focused on providing access to finance and digitizing MSMEs in Kenya announced it has raised $2 million seed investment from Next Chymia Consulting HK Limited.

Philanthropi startup raises $4m to power charitable giving legacies of everyday donors

Published: 16-12-2021 | 12:16:00 | By: Pie Kamau

Philanthropi, the company revolutionizing charitable giving by democratizing philanthropy through its "giving-as-a-service" platform, announced it raised $4 million in funding from lead investor Amex Ventures.

WNS launches a suite of banking solutions to drive scalable operations for fintechs

Published: 03-12-2021 | 15:50:12 | By: Bob Koigi

WNS, a provider of global Business Process Management (BPM) solutions, has announced the launch of WNS FINSIBLE, a suite of banking solutions enabling FinTechs to efficiently streamline, manage and scale operations.

Dutch development bank FMO partners with VC4A to launch a Ventures Lifecycle Support project across Africa

Published: 26-11-2021 | 14:04:36 | By: Bob Koigi

FMO has partnered with VC4A to work with local partners across Africa to create a more efficient network of support for early-stage ventures.

Israeli startup EasySend raises $55.5m to help enterprises build, maintain digital customer journeys with its no-code platform

Published: 17-11-2021 | 11:41:00 | By: Pie Kamau

EasySend, a no-code digital customer journey platform announced a $50.5 million Series B funding round led by Oak HC/FT. Existing investors Vertex IL, Intel Capital, and Hanaco Venture also participated in the round.

Nigerian fintech startup Brass secures $1.7m financing round

Published: 22-10-2021 | 12:57:00 | By: Pie Kamau

Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for SMEs, secured $1.7 million in funding to address the heavily underserved banking needs of local entrepreneurs, traders, and fast-growing businesses.

Texas-based fintech startup CollateralEdge emerges from stealth with an oversubscribed $3.5m seed round

Published: 21-10-2021 | 13:24:00 | By: Pie Kamau

CollateralEdge, a Texas-based fintech company providing banks with a risk-mitigation tool to efficiently increase lending capacity without compromising credit quality, emerges from stealth mode with an oversubscribed $3.5 million seed round.

Absa partners with Melanin Kapital to launch unsecured lending for startups in Kenya

Published: 23-09-2021 | 15:49:00 | By: Pie Kamau

Absa Bank Kenya has partnered with Pan African impact investment platform Melanin Kapital, to launch an investor readiness program that places startups driving social impact on the path to accessing up to KES3 million in unsecured lending.

Silicon Valley Bank establishes physical presence in Miami

Published: 14-09-2021 | 15:38:32 | By: Pie Kamau

Silicon Valley Bank (SVB), the bank of the world's innovative companies and their investors, announced a team of commercial bankers have landed permanently in Miami to focus on Florida's dynamic innovation sector.

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.

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.

Paxos adds Bank of America, Coinbase Ventures, Founders Fund & FTX to Series D funding round

Published: 29-07-2021 | 14:39:00 | By: Pie Kamau

Paxos, the first regulated blockchain infrastructure platform, announced it has added strategic investors including Bank of America, Coinbase Ventures, Founders Fund and FTX to its Series D round of funding.

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.

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.

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.

Conquer Accelerator selects six startups for 2021 cohort

Published: 03-06-2021 | 13:10:00 | By: Pie Kamau

Conquer Accelerator announced its sixth season and summer 2021 cohort. The 10-week accelerator welcomes six selected teams to its East Lansing program: CrossBraining, Frizzmo, Nickels, Rebound AI, SafetySit, and Tandem.

South Korean AI startup Riiid raises $175m from SoftBank Vision Fund 2 to accelerate growth

Published: 25-05-2021 | 14:10:00 | By: Pie Kamau

Riiid Inc (Riiid), an AI education company and a member of Born2Global Centre, has raised $175 million investment from SoftBank Vision Fund 2.

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.

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.

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.

DBSA launches second edition of the Youth Challenge in South Africa

Published: 05-05-2021 | 16:02:56 | By: Pie Kamau

The Development Bank of Southern Africa (DBSA), launched the second edition of the DBSA Youth Challenge, a competition aimed at harnessing innovative solutions from young people in South Africa to help address infrastructure challenges.

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.

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).

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.

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.

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.

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 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.

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.

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.

Kids and family finance startup Goalsetter raises $3.9m seed round to accelerate subscriber growth

Published: 26-01-2021 | 10:27:00 | By: Pie Kamau

Goalsetter, a Black-owned kids and family finance app that provides a next-generation, education-first banking experience for U.S. kids and teens, announced its seed capital raise of $3.9 million.

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.

[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.

Bamboo Capital, Government of Madagascar, World Bank launch $40m energy access fund for Madagascar

Published: 20-11-2020 | 12:32:00 | By: Pie Kamau

Bamboo Capital Partners has been appointed by the Government of Madagascar and the World Bank as the international fund manager for the Off-Grid Market Development Fund, a $40 million renewable energy access fund.

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.

[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.

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.

Texas-based startup Viva First launching new mobile bank for Latinos in the U.S.

Published: 08-10-2020 | 15:02:00 | By: Pie Kamau

Texas-based startup, Viva First, is launching a new mobile bank with the Latino community in mind, all 52 million in the United States.

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.

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.

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.

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.

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.

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.

IFC helps boost clean tech startups in Egypt, enables farmers switch to solar

Published: 15-07-2020 | 12:41:00 | By: Pie Kamau

IFC is joining forces with the National Bank of Egypt and MSMEDA to strengthen the clean technology entrepreneurship sector and boost Egyptian farmers’ access to finance for solar irrigation.

Nigeria's FCMB, Passion Incubator partner to launch FCMB Agritech Epic Pitch 2020

Published: 07-07-2020 | 16:27:00 | By: Pie Kamau

Nigeria's First City Monument Bank (FCMB) has partnered with Passion Incubator, a Lagos-based early-stage incubator and accelerator that has invested in some Agritech startups, to launch the virtual edition of the FCMB Agritech Epic Pitch 2020.

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.

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.

French based startup ubble raises €10 million, partners with Bpifrance

Published: 25-06-2020 | 16:11:00 | By: Pie Kamau

ID verification startup ubble successfully raised funds from Partech and Breega to complete its seed round, bringing its total financing to more than €10 million.

Memo Bank becomes first independent bank launched in France, closes $23 million funding round

Published: 24-06-2020 | 14:07:00 | By: Pie Kamau

French startup Memo Bank has become the first independent bank to emerge in France in half a century and it aims to support the growth and digital transformation of French and European small and medium-sized enterprises.

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.

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.

Iceland startup Meninga raises €8.5 million to grow digital banking offering

Published: 28-05-2020 | 14:38:00 | By: Bob Koigi

Iceland-based Meniga has closed a €8.5 million strategic investment that will be used for continued investment in its research and development activities.

Nigeria fintech startup Carbon launches new social banking service

Published: 21-05-2020 | 11:04:00 | By: Bob Koigi

Carbon in an effort to improve the experience of its customers, has launched Carbon Express - A keyboard extension that allows customers to access Carbon services from within whatever app they are using.

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Interviews.

[Interview] Caroline Mutuku, General Manager, Glovo, Kenya

Caroline Mutuku is Kenya's General Manager of multi-category app Glovo. Caroline joined Glovo in December 2022 from Swvl Kenya where she also served as the General Manager from December 2021. In this interview...read more here

[Interview] Renate Swanepoel, COO, INC. Networking

Renate Swanepoel is an entrepreneur, global networker and inspirational speaker that has helped thousands of people around the world to find their purpose. She has gained significant networking and communication...read more here

[Interview] Anne-Marie Chidzero, Chief Investment Officer, FSD Africa

Anne-Marie Chidzero is the Chief Investment Officer at the Financial Sector Deepening Africa (FSD Africa) Investments. In this interview, she talks about the risks and opportunities in backing Africa’s early-stage startups...read more here

[Interview] James Kilpatrick, Chair, Gravitilab, UK

Gravitilab is a "Space as a Service" business providing research, testing and qualification facilities to space agencies, government, academia and commercial enterprises. The company’s Chair and Chief Finance Officer...read more here

[Interview] Ramanjeet Singh, CEO, Woosper, USA

Woosper is a US-based digital advertising and marketing agency focused on creating experiences that help clients discover their place in the digital world. The CEO Ramanjeet Singh...read more here