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How Hybrid Cloud & AI Boost Innovation in Africa’s Banking Sector

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.

Nigerian FinTech Kuda Bank Closes $55-Million Series B Funding Round

Image sourced from Tech Crunch. Kuda Bank, a Nigerian fintech startup has raised $55-million in a Series B funding round at a valuation of $500-million. Previously, the company announced it had raised $25-million during a round of Series A funding a little over four months ago. Co-leading this latest round of funding were existing investors Target Global and Valar Ventures – a firm co-founded and backed by PayPal co-founder, Peter Thiel. Joining them were SBI Investment and other previous participants. According to Kuda’s co-founder and CEO, Babs Ogundeyi, the startup aims to build a new take on banking services for “every African on the planet” – in service of these lofty goals, the startup is looking to use the funds raised during this latest round to build on its platform for Nigeria, a...

Why the Central Bank of Nigeria is Cracking Down on Forex Sales

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5 Pivotal Topics to be Discussed at the DFA 2021 – Register Now!

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Latest Mambu Research Reveals Gap in Global Financial Awareness and Accessibility

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7 Great Reasons to Sponsor the Digital Finance Africa 2021 Summit

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There Are More Fintech Startups in Africa Now Than Ever Before

Image sourced from Payspace Magazine. /* custom css */ .tdi_4_77c.td-a-rec-img{ text-align: left; }.tdi_4_77c.td-a-rec-img img{ margin: 0 auto 0 0; } Africa’s fintech sector is growing and maturing, with more startups active in the space than ever before, platforms increasingly offering a variety of services, and investment and acquisitions taking place to an unprecedented degree. Every two years since June 2017, startup-focused news and research company Disrupt Africa has released the Finnovating for Africa publication, which tracks the extraordinary development of the fintech ecosystem across Africa over the last few years. The 2021 edition of the report, which is for the first time available free to all as part of an open-sourcing initiative in partnership with key partners Flutterwave ...

Can I Still Trade Bitcoin in South Africa Despite SARS Clampdown?

/* custom css */ .tdi_4_78e.td-a-rec-img{ text-align: left; }.tdi_4_78e.td-a-rec-img img{ margin: 0 auto 0 0; } South Africa is one of the countries where the growth, adoption, and use of bitcoin and other cryptocurrencies continue to move at a fast pace. People are looking for how to buy bitcoin now more than ever. However, a lot of crypto traders are facing pressure from the South Africa Revenue Service (SARS) regarding their cryptocurrency investments. This has raised a lot of panic in the South Africa crypto community. Since the main purpose of digital assets is to encourage anonymous P2P transactions anywhere around the globe, they are used by some as a tool to bypass tax. To curtail this, SARS has joined a number of tax bodies around the world in monitoring profits made by crypto tra...

Startup “Unicorns” Help Mobile Money Soar in Africa

Image sourced from WeeTracker. /* custom css */ .tdi_4_c6c.td-a-rec-img{ text-align: left; }.tdi_4_c6c.td-a-rec-img img{ margin: 0 auto 0 0; } A recent GSMA report reveals that there are 1.2 billion registered global mobile money accounts. 560-million of these registered accounts are in Africa. The GSMA, which represents several mobile network firms, states that “Sub-Saharan Africa has been at the forefront of the mobile money industry for over a decade, and in 2020 continued to account for the majority of growth.” FinTech Unicorns Running Wild in Africa Now, five African fintech startups, Flutterwave, ChipperCash, Interswitch, Paga and OPay are now being identified as “unicorns” by investors, the business media and analysts following the surge of mobile payments. /* custom css */ .tdi_3_4...

The Chainsmokers’ Investment Firm Backs Funding Round for Fintech Startup, Hearth

The Chainsmokers, through their Mantis venture capital entity, have contributed a sizable investment in Austin-based fintech company Hearth.   The startup provides home contractors the ability to extend consumer financing options to prospective customers. Hearth allows contractors to pre-qualify customers for loans within minutes, enabling them to invoice, track, and collect payments within the company’s mobile app.  According to Hearth, around 80% of home improvement services have traditionally been paid in cash, but the company is betting more available personal financing options will allow contractors to secure more business. CultureMap Austin reports the Grammy-winning “Closer” artists contributed $23 million to the company. It may seem l...

Sustaining economic empowerment through financial inclusion, energy access

Financial inclusion and provision of sustainable energy is at a turning point in Africa’s largest economy, Nigeria. With a population of over 200 million, about 50 per cent of the total population live in rural areas, and only 39 per cent of those living in rural communities have access to electricity. This is in addition to over 40 per cent of the entire population who are financially excluded or underserved. However, the proliferation of digital financial services in Nigeria – powered largely by growth in fin-tech companies – has catalysed an unparalleled increase in the current number of people with access to formal financial services, while further opening up opportunities to address power supply challenges across rural communities; a major feat instrumental towards achieving the broad...