Browsing: FinTech

Like the biblical Goshen, Fawry has remained untouched by Egypt’s economic crisis that saw the nation’s currency devaluate by 40%. It has even thrived in the process.

At the moment, Oze operates across eight African nations including Ghana, Nigeria, and Rwanda, partnering with commercial banks like Ecobank to extend its reach.

V Bank was officially launched in March 2020, quickly gaining popularity and traction in the Nigerian financial landscape, a popularity that came from offering zero maintenance fees and competitive interest rates.

These partnerships enable Djamo to issue domestically recognized payment cards, ensuring higher transaction success rates, as local merchant fraud detection algorithms often favor local cards over foreign alternatives.

Affinity Africa’s growth figures depict a bullish rise of a 3x year-on-year increase in customer base and a 35% month-on-month rise in savings since the app launch.

At the time of acquisition, ExiPay held existing contracts with several enterprise clients and PSPs operating in South Africa and other African markets, including omnichannel retail brand Bash. With this acquisition, Stitch will serve Bash for both their online and in-person payments needs, and will continue serving other existing ExiPay clients.

UsPlus aims to use the new capital to strengthen its balance sheet and attract further senior debt funding.

Today, Accrue boasts over 200,000 users across eight African countries: Nigeria, Ghana, Kenya, South Africa, Cameroon, Uganda, Zambia, and Malawi.

Moniepoint has carved a territory for itself by providing digital financial services to individuals and businesses.

MoneyHash’s milestone funding comes amid rising investment in African fintech startups, which have proven to be trailblazers in venture capital funding on the continent.