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Published: 06-04-2018 16:44:00 | By: Nico Scherphuis | hits: 3821412 | Tags:











5 fintech trends to prepare for in 2024, Plug and Play
Published: 19-02-2024 | 12:13:00 | By: Pie Kamau














Swedish fintech Brite Payments raises $60m to accelerate instant bank payments across Europe
Published: 04-10-2023 | 15:34:00 | By: Pie Kamau
Brite Payments has announced a $60m funding round.


Data from 400+ startups indicates massive SVB and FRB fallout on startup banking sector
Published: 27-09-2023 | 11:56:00 | By: Pie Kamau
Kruze Consulting has analyzed banking data from 400+ startups.


Backbase partners with FrankieOne to provide digital onboarding solutions in Australia
Published: 27-09-2023 | 10:10:00 | By: Pie Kamau
Backbase announced its strategic partnership with FrankieOne.


Big name VCs back startup to solve multi-billion dollar banking problem
Published: 13-09-2023 | 13:41:08 | By: Pie Kamau
Fintech startup N5 has secured the backing of a number of high profile investors.


Brex taps Jason Mok to support the next generation of founders
Published: 29-06-2023 | 13:51:00 | By: Pie Kamau
Brex announced that Jason Mok has joined the team to support commitment to serving startups and their founders.


The role of crypto-friendly banks in facilitating financial inclusion, Plug and Play
Published: 26-06-2023 | 13:16:00 | By: Pie Kamau
Financial inclusion is a key aspect of economic growth and development.


Startups flock to too-big-fo-fail banks, Kruze Consulting
Published: 29-05-2023 | 13:20:00 | By: Pie Kamau
Based on data from 160+ venture fund startups and more than $2 billion in cash, startups have been flocking to the major banks


FlowX.AI raises $35m to transform application modernization at large banks
Published: 23-05-2023 | 11:29:00 | By: Pie Kamau
FlowX.AI announced it has raised a $35 million Series A funding round.


ABBANK accelerates banking transformation with Backbase Platform in Vietnam
Published: 12-04-2023 | 12:56:00 | By: Pie Kamau
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.


Biometrics startup Levels raises $12m seed round to mainstream Biowearables, improve metabolic health
Published: 30-11-2020 | 15:01:00 | By: Pie Kamau
Levels, the first biowearable system to provide real-time feedback on how your diet impacts your health announced a $12 million seed round led by a16z, one of Silicon Valley's top venture capital firms.


New manufacturing startup JTEC Energy announces the close of its initial seed round
Published: 30-11-2020 | 14:33:00 | By: Pie Kamau
New manufacturing startup JTEC Energy announced it closed on an initial seed fundraising round, to hire additional scientists and engineers in order to accelerate the development of the the company.


CerraCap Ventures, Exfinity Venture Partners join forces for new growth
Published: 30-11-2020 | 13:48:00 | By: Pie Kamau
CerraCap Ventures and Exfinity Venture Partners announced their global strategic partnership integrating CerraCap's unique Sales & Scale model with Exfinity's stated vision helping develop global enterprise startups leveraging the Indo-US corridor.


25 African tech startups qualify for Seedstars regional competition
Published: 30-11-2020 | 13:27:39 | By: Pie Kamau
25 African tech startups have qualified for the Seedstars World Competition 2020. The startups are among the 94 from emerging markets that were selected to advance to the regional stage of the competition.


South Korean AI startup lululab secures Series B funding led by Netmarble
Published: 30-11-2020 | 13:18:39 | By: Pie Kamau
AI startup lululab, a member company of Born2Global Centre, has successfully attracted Series B funding from Netmarble, Korea's leading game developer, as well as from other companies.


South Korean startup Autonomous a2z raises $1.9m for autonomous driving solution
Published: 26-11-2020 | 11:12:00 | By: Pie Kamau
Autonomous a2z, a member company of Born2Global Centre and Sejong Technopark, received a seed investment of $1.9 million from angel investments by individuals and partner corporations.


Tech startup Nestlings raises $1.5m to help international students through college application process
Published: 26-11-2020 | 10:52:00 | By: Pie Kamau
Nestlings, an online portal that guides international students through the process of applying to colleges in the US, Canada, and the UK, has raised $1.5 million in a Seed Round of funding from Candid Ventures.


SEED SPOT wins $300k EDA grant in partnership with Canyon Angels
Published: 26-11-2020 | 10:34:00 | By: Pie Kamau
SEED SPOT and Canyon Angels will train 180 angels to grow the robust investing community in Arizona and create more access to early-stage funding for entrepreneurs with a focus on EdTech, MedTech, and CleanTech.


Genomic medicines startup Metagenomi closes $65m led by Leaps by Bayer and Humboldt Fund
Published: 26-11-2020 | 10:17:00 | By: Pie Kamau
Metagenomi, a next generation gene editing company launched by UC Berkeley scientists in 2018, successfully completed a $65 million Series A financing round and emerged from stealth mode.


ITIDA, AUC Venture Lab kick off Startup Launchpad to enrich Egyptian entrepreneurship ecosystem
Published: 25-11-2020 | 16:02:00 | By: Pie Kamau
ITIDA (IT Industry Development Agency) and AUC Venture Lab announced their collaboration on Startup Launchpad, a capacity-building program that empowers entrepreneurs as they launch their technology startups.


Nigerian mobility startup Plentywaka expands car-hailing service in Delta State
Published: 25-11-2020 | 15:52:20 | By: Pie Kamau
Nigerian mobility startup Plentywaka, announced the launch of a new car-hailing service, Wakacab in Asaba and Warri Delta State, borne out of the need to expand and improve on the limited transport links in southern Nigeria.


Life science startup Correlia Biosystems closes $7m Series A to enable product launch
Published: 25-11-2020 | 15:23:00 | By: Pie Kamau
Correlia Biosystems, a Berkeley, CA based life science startup, announced it has closed a $7 million Series A financing round with select global investors.


Early-stage venture firm MGV Capital announces initial closing of its new Capital Fund
Published: 25-11-2020 | 15:09:42 | By: Pie Kamau
Early-stage venture capital firm, MGV Capital Group, announced it has held an initial closing of its new fund, MGV Capital Fund, to invest in early stage software technology companies.


Equinix invests $55m to build its third data center in Osaka, Japan
Published: 25-11-2020 | 14:48:00 | By: Pie Kamau
Equinix, the world's digital infrastructure company, announced an initial investment of $55 million to build its third International Business Exchange (IBX) data center in Osaka, Japan.


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.


Food & beverage e-commerce startup Feast & Fettle raises $1.2m to expand into Massachusetts and Connecticut
Published: 24-11-2020 | 13:10:00 | By: Pie Kamau
Feast & Fettle, a premium, fully-prepared meal delivery service based out of Rhode Island, announced the closing of a $1.2 million Seed round led by Salem Capital Management.


Singapore-based Plano wins world's most innovative healthtech startup
Published: 24-11-2020 | 12:45:00 | By: Pie Kamau
Up against 64 global healthtech startups, Plano has emerged as the winner of Galen Growth's World's Most Innovative Healthtech Startup 2020 Award.


Biotech startup Mekonos raises $4.6m for its gene engineering platform
Published: 24-11-2020 | 12:09:00 | By: Pie Kamau
Mekonos, a biotech company launching the first-of-its kind system-on-a-chip (SoC) for targeted ex vivo gene engineering, announced it has completed a $4.6 million financing round.


Israeli consumer intelligence startup Konnecto closes $3.5m seed round, launches 'Reveal & Disrupt'
Published: 23-11-2020 | 16:19:00 | By: Pie Kamau
Konnecto, the consumer intelligence platform enabling brands to gain visibility into the earliest stages of the consumer journey, announced the completion of a $3.5 million seed round, led by TPY Capital.


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.


Kwik Delivery startup partners with Total on e-commerce fulfilment and delivery service in Nigeria
Published: 23-11-2020 | 07:44:26 | By: Pie Kamau
Nigerian e-commerce startup Kwik Delivery has partnered with Total Nigeria, to develop an e-commerce fulfilment and delivery service in Nigeria.


Venture Noire announces second fundraising cycle to support minority owned businesses
Published: 20-11-2020 | 13:18:50 | By: Pie Kamau
Venture Noire, a non-profit organization dedicated to supporting Black and minority entrepreneurs, announced the completion of its initial program funded by a grant from the Walton Family Foundation.


South Korea's StradVision joins NVIDIA Inception program as premier partner
Published: 20-11-2020 | 12:59:59 | By: Pie Kamau
StradVision has joined NVIDIA Inception, a virtual accelerator program designed to nurture companies that are revolutionizing industries with advancements in AI and data sciences.


GR0 launches SEO studio for direct-to-consumer startups
Published: 20-11-2020 | 12:47:00 | By: Pie Kamau
Digital marketing agency GR0 has officially launched a startup studio located in the Playa Vista area with a main focus in organic growth for direct-to-consumer startups.


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.


African tech startups secure funding from Orange Ventures MEA Seed Challenge
Published: 19-11-2020 | 11:19:00 | By: Pie Kamau
Six African tech startups and one Jordanian startup have secured funding from Orange Ventures Africa & Middle East.


Dakota Johnson joins sexual wellness startup maude as Co-creative Director & Investor
Published: 18-11-2020 | 15:20:00 | By: Pie Kamau
Sexual wellness startup maude announced that Dakota Johnson will be joining the category-defining sexual wellness brand as co-creative director and investor.


Porsche Ventures invests in AI startup Drivably's breakthrough inventory technology
Published: 18-11-2020 | 14:28:47 | By: Pie Kamau
Drivably, an advanced AI company that helps dealers acquire private party inventory from the right markets at the right price, has received an investment from Porsche Ventures to help Drivably further develop its technology and expand its footprint.


South Africa's MetroFibre Networx completes new capital raise from AIIM and STOA
Published: 18-11-2020 | 11:25:26 | By: Pie Kamau
African Infrastructure Investment Managers (AIIM), Africa’s infrastructure-focused private equity fund managers, has acquired a minority equity stake in MetroFibre Networx, a South African open access fibre network operator.


Ibnsina Pharma acquires 75% stake in Egyptian health and beauty products startup 3elagi
Published: 18-11-2020 | 10:25:12 | By: Pie Kamau
Ibnsina Pharma signed an agreement to acquire 75% stake in Egyptian health and beauty products startup 3elagi Tech, a platform that links pharmacies with patients to order medicines and cosmetics online.


Readout Health startup partners with Apollo Health for management of neurodegenerative disease
Published: 17-11-2020 | 14:10:20 | By: Pie Kamau
Readout Health, a digital biomarker startup, announced partnership with Apollo Health, a health technology leader in neurodegenerative medicine.


Berlin startup DigiWhat launches international B2B case studies standard
Published: 17-11-2020 | 13:37:27 | By: Pie Kamau
Berlin startup DigiWhat launched international B2B case studies standard to simplifiy marketing, matchmaking and lead generation efforts for tech companies, venture builders and events.


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.


Burges Karkaria joins AI startup Censia as CTO
Published: 17-11-2020 | 12:23:00 | By: Pie Kamau
Burges Karkaria, former Chief Technology Officer of Enterprise at Intel Corporation, has joined Bay Area startup Censia, a provider of talent intelligence, recruiting and workforce management technology, as CTO.


[Startup Interview] Jon Cooper, CEO, Life.io, USA
Published: 17-11-2020 | 12:14:00 | By: Bob Koigi
Life.io is a US-based startup that helps companies accelerate the development of their end-to-end digital client experience with the Life.io Solution Suite: Grow, Engage and Empower. Jon Cooper the startup’s co-founder and CEO elaborates.


Swiftarc Ventures invests in biosafety startup R-Zero to fast-track its UV-C disinfecting device
Published: 16-11-2020 | 13:43:11 | By: Pie Kamau
Swiftarc Ventures, an early and growth stage Venture Capital firm focused on the next generation of Consumer and Consumer Health disruptors, has made its first portfolio investment in biosafety startup R-Zero.


Chinese autonomous truck startup Inceptio Technology raises $120m to accelerate volume production
Published: 16-11-2020 | 13:24:00 | By: Pie Kamau
Inceptio Technology, an autonomous truck company, announced a $120 million funding led by Contemporary Amperex Technology, developer and manufacturer of lithium-ion batteries.


Bridge for Billions launches Global Investors Network to connect entrepreneurs with investment opportunities
Published: 16-11-2020 | 13:06:00 | By: Pie Kamau
Bridge for Billions has launched its Global Investors Network, which aims to help make the investment ecosystem accessible to all promising purpose-driven ventures.


Africa-focused VC fund Outlierz Ventures invests in three Nigeria startups
Published: 16-11-2020 | 12:56:28 | By: Pie Kamau
Africa-focused Morocco-based B2B VC fund Outlierz Ventures has announced new investments into three Nigerian startups - Bamboo, Youverify and Healthlane.


AI Media Group launches Africa’s first AI-focused free investment matchmaking service for African startups
Published: 16-11-2020 | 12:45:00 | By: Pie Kamau
The AI Media Group has launched The Deal Room, Africa’s first artificial intelligence (AI) focused, free investment matchmaking service which aims to connect African AI focused startups to interested investors and venture capitalists (VCs).


Bentley Systems commits $100m venture funding to accelerate infrastructure digital twins
Published: 13-11-2020 | 14:13:00 | By: Pie Kamau
Bentley Systems, the infrastructure engineering software company, announced the establishment of Bentley iTwin Ventures to invest in promising technology companies addressing the emerging opportunity for infrastructure digital twin solutions.


Dairy snack startups compete for $200,000 in Real California Milk Snackcelerator
Published: 13-11-2020 | 12:06:00 | By: Pie Kamau
Ice cream infused with vegetables, to-go premium cheese snacks, decadent chocolate mousse and flavored paneer make up the finalists announced in the Real California Milk Snackcelerator product innovation competition.


Blackbaud Social Good Startup Program supports emerging companies to drive innovation
Published: 13-11-2020 | 11:39:07 | By: Pie Kamau
Blackbaud, cloud software company powering social good, is accepting applications for the Blackbaud Social Good Startup Program, a unique, yearlong program designed to drive innovation.


Digital investment platform Clim8 smashes target for latest funding campaign by 600%
Published: 13-11-2020 | 11:14:00 | By: Pie Kamau
As interest in sustainable investing continues to grow apace, Clim8 Invest (Clim8), a digital investment platform that help consumers invest exclusively in companies focused on tackling the climate crisis, has raised a further £2.4 million in funding.


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.


Tech startup Roots Automation secures $3.2m to expand AI capabilities, accelerate customer acquisition
Published: 12-11-2020 | 13:17:00 | By: Pie Kamau
Roots Automation, the NYC-based Digital Coworkers as a Service company, has raised a $3.2 million seed round led by Vestigo Ventures.


October Startup Sentiment Index shows three-month trend in advancing startup timelines
Published: 12-11-2020 | 12:57:50 | By: Pie Kamau
The number of respondents agreeing that now is a good time to start a business reached a three-month high at 60.6% in October.


Medtech startup Immertec partners with Orthopaedic Foundation to demonstrate effectiveness of VR surgical training
Published: 12-11-2020 | 12:42:56 | By: Pie Kamau
Orthopaedic Foundation has partnered with medtech startup Immertec, to conduct research to evaluate the effectiveness of VR for remote surgical training.


Peer-to-peer solar leasing startup Sun Exchange announces African expansion in Zimbabwe
Published: 11-11-2020 | 15:13:00 | By: Pie Kamau
South African peer-to-peer solar leasing startup Sun Exchange marked its official expansion into sub-Saharan Africa with the first of three crowdsales for a multiphase, 1.9 megawatt (MW) solar-plus-storage project for Nhimbe Fresh.


Remote selling startup Demoflow secures $1.6 m seed round to build additional key product features
Published: 11-11-2020 | 14:31:00 | By: Pie Kamau
Collaborative remote selling platform Demoflow announced its Seed Capital raise of $1.6 million led by FirstMile Ventures with other major participants including Slack Fund, RTP Seed, Next Frontier Capital and Heroic Ventures.


Nearly 60% of startup founders say operating costs are their top spending priority in the first quarter
Published: 11-11-2020 | 14:03:00 | By: Pie Kamau
While the long-term economic effect of the COVID-19 pandemic is still unknown, the remote work period has forced startups to adjust their spending priorities, according to a new survey from Clutch, a B2B ratings and reviews platform.


Social podcasting startup Bitcast partners with Podcast Notes for joint launch of new iOS clipping app
Published: 11-11-2020 | 13:52:49 | By: Pie Kamau
Los Angeles based social podcasting platform Bitcast has partnered with Podcast Notes, a publisher in the podcast space, for the launch of a new iOS app that lets listeners 'Magically Clip, Collect and Share the best moments in Podcasts'.


Chicago startup qReveal launches affordable QR code menu and price list solution
Published: 10-11-2020 | 12:31:56 | By: Pie Kamau
Responding to the challenging scene of a myriad of health and safety protocols facing restaurants and other businesses, Chicago startup qReveal has launched a platform that builds easy to use QR code menus and price lists.


Former Bitcoin.com CEO launches Sonic Capital, Asia's first tokenized venture investment fund
Published: 10-11-2020 | 12:19:00 | By: Pie Kamau
Former Bitcoin.com CEO Stefan Rust announced the launch of Sonic Capital, Asia's first venture capital and impact investment fund to be tokenized on the blockchain.


[Startup Interview] Almasi Ndangili, Founder, Imarisha East Africa Productions, Kenya
Published: 10-11-2020 | 11:57:00 | By: Bob Koigi
Almasi Ndangili is the founder of Imarisha East Africa Productions Ltd, a Kenya-based talent academy promoting education through edutainment. The startup has invested in TV Shows, event organization, book launches, talent development, TV Script writing, Africanized animations, digital publishing and branding.


Tech startup Cellwize secures $32m Series B financing to expand its global footprint
Published: 10-11-2020 | 11:33:00 | By: Pie Kamau
Cellwize, a global leader in mobile network automation and orchestration, announced a $32 million Series B funding round in its parent company, Cellwize Wireless Technologies, led by Intel Capital and Qualcomm Ventures.


Israeli cybersecurity startup ReSec Technologies raises $4m Series A funding for expansion
Published: 10-11-2020 | 09:51:00 | By: Pie Kamau
ReSec Technologies, a cyber security company that protects organizations from file-based malware threats, announced the completion of its $4 million Series A round of financing.


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.


Nigerian HR startup SeamlessHR raises seven-figure funding to expand across Africa
Published: 09-11-2020 | 09:30:00 | By: Pie Kamau
Nigeria’s HR startup SeamlessHR has closed a seven-figure deal as it seeks to expand across other African markets.


African startups more investible now than ever
Published: 09-11-2020 | 09:20:00 | By: Pie Kamau
Africa’s startups have never been more investible than now. There is a growing number of professional ‘super angels’ involved in record-breaking deals, and private equity investments have doubled since last year.


Mohammed VI Polytechnic University partners with Plug and Play to launch accelerator programme in Morocco
Published: 09-11-2020 | 09:13:33 | By: Pie Kamau
Mohammed VI Polytechnic University (UM6P), an academic and research institution, has partnered with global innovation platform, Plug and Play, to launch an Open Innovation Hub in Morocco, with the support of OCP Group.


Swiss biotech startup Memo Therapeutics raises €13.9m to support clinical development of potent antibodies
Published: 06-11-2020 | 14:13:00 | By: Pie Kamau
Swiss biotech startup Memo Therapeutics AG, an innovator in the field of antibody discovery and immune repertoire analysis, announced it has raised €13.9 million in Series B financing.


Kenyan agritech startup Farmers Pride raises $220k funding from Gray Matters Capital’s coLABS
Published: 06-11-2020 | 13:15:00 | By: Pie Kamau
US-based impact investor Gray Matters Capital announced its funding in Kenya's agritech startup Farmers Pride, a one stop e-commerce platform that connects village level farmers to quality inputs, services and information.


Dublin-based travel tech startup TripAdmit secures €500,000 funding for international expansion
Published: 05-11-2020 | 15:51:00 | By: Pie Kamau
TripAdmit, Dublin based travel tech startup that provides sales and distribution solutions for tours and activities, has secured €500,000 funding from investors, including the backing of Enterprise Ireland’s High Potential Start Up unit.


Dutch biotech startup Salvia BioElectronics receives FDA Breakthrough Device Designation for innovative neurostimulation solution
Published: 05-11-2020 | 15:30:00 | By: Pie Kamau
Salvia BioElectronics, a neurostimulation platform targeting chronic migraine, announced that the U.S. FDA has granted Breakthrough Device Designation for its implantable neurostimulation system to address chronic migraine.


Armenian AI startup Podcastle raises $1.75m seed round to create next-gen podcast platform
Published: 05-11-2020 | 14:37:00 | By: Pie Kamau
Podcastle, a company developing podcast creation tools for amateur and professional podcasters and a streaming platform for listeners, announced a $1.75 million seed funding led by Sierra Ventures.


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.


Human API startup raises over $20m funding to scale consumer-controlled health data ecosystem
Published: 04-11-2020 | 11:20:00 | By: Pie Kamau
Human API, company empowering consumers to connect and share electronic health data with companies they trust, announced it has raised over $20 million in Series C funding, to scale consumer-controlled health data ecosystem.


Travel booking startup Tripbnb.com uses AI to link travelers and accommodation quickly
Published: 04-11-2020 | 10:53:00 | By: Pie Kamau
Taiwanese travel booking startup Tripbnb.com is helping domestic accommodation providers draw up new business strategies and the country's travel industry had to enhance their technical standards with AI-based systems.


AI startup ATLAN Space raises $1m Series A funding from Maroc Numeric Fund II for expansion
Published: 04-11-2020 | 09:27:00 | By: Pie Kamau
Aerial vehicle Artificial Intelligence startup ATLAN Space has raised $1m Series A funding from Maroc Numeric Fund II with participation from Hilmi Law Firm and Cadex Group, for business expansion.


Nigerian CcHUB acquires Kenyan edTech startup eLimu
Published: 04-11-2020 | 08:46:00 | By: Pie Kamau
Kenya’s technology Incubation and Accelerator space iHub owned by Co-creation Hub (CcHUB) has announced the acquisition of edtech startup and digital educational content provider eLimu.


Imperial partners with Kenyan logistic startup Lori Systems to expand e-logistics technology solutions across Africa
Published: 04-11-2020 | 08:37:29 | By: Pie Kamau
Imperial, an African and European-focused provider of integrated market access and logistics solutions, announced an investment in and partnership with Lori Systems to expand its cutting-edge e-logistics technology solutions across Africa.


Nigerian rental financing startup Kwaba secures funding from Ingressive Capital for expansion
Published: 03-11-2020 | 15:42:27 | By: Pie Kamau
Ingressive Capital, a $10 million VC fund targeting early-stage startups across Sub-Saharan Africa, announced its investment in Nigerian rental financing startup Kwaba.


German startup 4tiitoo launches NUIA Full Focus, smart software for natural eye contact in video calls
Published: 03-11-2020 | 12:47:00 | By: Pie Kamau
Munich-based startup 4tiitoo (forty two), which specializes in gaze control of computers, launched NUIA Full Focus, a software that creates natural eye contact with conversation partners in video calls intelligently and without artificial image adjustments.


Procter & Gamble Ventures brings Innovation Challenge online for CES 2021
Published: 03-11-2020 | 12:22:00 | By: Pie Kamau
Following the success of its first-ever Virtual Innovation Challenge in June, P&G Ventures, the early-stage startup studio within P&G, is now accepting submissions for its next virtual pitch competition.


Cleantech startup Skeleton Technologies joins European Clean Hydrogen Alliance
Published: 03-11-2020 | 11:57:00 | By: Pie Kamau
Estonian cleantech startup Skeleton Technologies has joined the European Clean Hydrogen Alliance, an initiative of European stakeholders who want to engage and contribute to the deployment of renewable and low-carbon hydrogen.


Estonian cleantech startup Skeleton Technologies raises €41.3m from European entrepreneurs
Published: 03-11-2020 | 11:24:00 | By: Pie Kamau
Skeleton Technologies, global cleantech 100 company and largest European manufacturer of ultracapacitor-based energy storage, has completed a €41.3 million financing round.


[Startup Interview] Joris van Lierop, founder, The Content Exchange, Netherlands
Published: 03-11-2020 | 06:37:00 | By: Bob Koigi
The Content Exchange is a Dutch startup that targets editors, publishers and freelancers by offering them a content market place where they can do business with each other directly. The startup’s founder Joris van Lierop explains.


Next-generation consumer products startup The Naked Market closes $6m seed funding round
Published: 02-11-2020 | 15:51:00 | By: Pie Kamau
The Naked Market, San Francisco-based CPG brand, has closed $6 million seed funding round, with participation from several investors.


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.


Nestlé USA acquires food delivery startup Freshly
Published: 02-11-2020 | 15:11:00 | By: Pie Kamau
Nestlé announced it has acquired food delivery startup Freshly, fresh-prepared meal delivery services in the U.S. The deal values Freshly at $950 million, with potential earnouts up to $550 million contingent to the successful growth of the business.


MENA healthtech startup Vezeeta expands into Kenya
Published: 02-11-2020 | 14:45:00 | By: Pie Kamau
Middle East and North Africa (MENA) healthtech startup Vezeeta has expanded its footprint into Kenya by launching a platform that will enable Kenyans access doctors from their smart phones.


[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.