fintech africa – DIGIT INFO

Canza Finance Partners With Stablecoin Issuer to Bring Efficient Financial Solutions to Africa

DIGIT — Sun, 04 Aug 2024 02:46:06 +0000

Canza Finance has partnered with stablecoin issuer WSPN to provide secure and efficient financial solutions to users in Africa and other emerging markets. With the integration of WUSD into Canza Finance’s ecosystem, African users will be able to smoothly convert fiat currencies to the WUSD stablecoin. Boosting RWA and Defi Adoption Africa-focused fintech firm Canza […]

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Egyptian Fintech Startup Connect Money Secures $8 Million Seed Funding

DIGIT — Fri, 28 Jun 2024 11:22:47 +0000

Connect Money, an Egyptian fintech startup, recently secured $8 million in seed funding. The company plans to launch new business verticals using this investment. Connect Money aims to become the go-to platform for businesses seeking seamless banking services. Successful Capital Raise Demonstrates Investors’ Confidence in Connect Money Egyptian banking-as-a-service fintech startup Connect Money recently closed […]

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Kenyan Central Bank to Issue Licenses to Fintech Firms

DIGIT — Fri, 14 Jun 2024 05:38:37 +0000

The Central Bank of Kenya is amending the country’s payment systems law, which will allow it to issue operating licenses to fintech startups. Governor Kamau Thugge said he expects the bank to complete the process of amending the law soon. Central Bank Aims to Support Fintech Startups The Central Bank of Kenya (CBK) will soon […]

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Nigerian Startup Zone Launches Blockchain-Powered Point-of-Sale Gateway

DIGIT — Thu, 06 Jun 2024 11:22:45 +0000

A Nigerian payments company recently announced the launch of a blockchain-powered point-of-sale payment gateway. This gateway facilitates transaction routing to issuers and aims to prevent chargebacks or chargeback fraud by promptly reimbursing customers for unsuccessful transactions. Eliminating Chargeback Fraud The Nigerian payment infrastructure company, Zone, recently announced the launch of a blockchain-powered point-of-sale (PoS) payment […]

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Nigerian Fintech Firm Flutterwave Confirms Hacking Attempt, Says Users’ Funds Safe

DIGIT — Fri, 17 May 2024 22:46:01 +0000

The Nigerian fintech firm Flutterwave claimed on May 16 that it had foiled an attempt to breach its payments platform. Flutterwave asserted that the “unauthorized activities inconsistent with usual customer behavior” did not compromise users’ funds or data confidentiality. According to one report, over $7 million was siphoned from Flutterwave following a cyberattack in April. […]

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South African Fintech Startup Leseka Tech Signs Deal to Buy Payments Provider for $86M

DIGIT — Sun, 12 May 2024 02:01:00 +0000

Lesaka Technologies, a fintech startup based in South Africa, recently signed a deal to acquire Adumo, a payment solutions provider, for nearly $86 million. Under the terms of the agreement, Lesaka Technologies will pay Adumo $12.5 million in cash. The funds will be sourced both internally and from external financiers. Lesaka Technologies to Issue Shares […]

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Ghanaian Fintech Startup Zeepay Secures $3 Million Equity Investment

DIGIT — Tue, 09 Apr 2024 10:15:58 +0000

The Ghanaian fintech startup Zeepay recently secured a $3 million equity investment from the venture capital firm, Verdant Capital Hybrid Fund. Zeepay plans to use the raised funds to bolster its standing as it prepares for significant growth in 2024. Solidifying Zeepay’s Position in Africa The Ghanaian fintech startup, Zeepay, recently secured a $3 million […]

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