Citi has become the first bank to launch multi-market instant payments through the SWIFT payments scheme, giving financial institutions access to real-time cross-border transfers through a single account structure.
Migrants sent close to $865 billion globally in 2023, as global remittances reached an estimated $905 billion in 2024.
African startups raised roughly $545 million in January 2023; by January 2024, that had fallen to $83 million, an 84.8% year-on-year collapse, even accounting for one outsized acquisition that turns the prior-year number.
For years, the first chapter of Africa’s fintech story was about getting people to pay digitally. The next chapter is increasingly about what happens after the payment.
Across Africa, a quiet revolution is unfolding. Tech startups once celebrated as disruptors have matured into market-shaping giants with fintech platforms processing billions, drone networks delivering lifesaving medical supplies, and
Born from the deeply personal journey of its co-founder, Prompt BI (Formerly Skizaa) is quickly emerging as one of Africa's most promising ed-tech platforms, harnessing mobile technology and
In 2024, Tanzania’s startup ecosystem moved from being in the shadows to the spotlight, with huge milestones that proved the country’s growth as an innovation hub in Africa.
East Africa experienced a fintech revolution. Once defined by limited banking infrastructure, the region now stands at the forefront of Africa’s digital financial future, with fintech startups driving innovation,
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Ouut angle: analyzing the flow of venture capital into Black-led series A and growth rounds.
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A Nigerian entrepreneur, technology and business journalist for TheOuut covering Africa and MENA's startup, fintech and broader technology ecosystems.
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A content writer and news journalist with a focus on technology, startups, and new digital trends.
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Microsoft, the leading software giant, announced a new program in early March this year to accelerate the growth of 10,000 African startups and fast-track investment in the continent’s startup ecosystem over the next five years. The opportunities are made available through Microsoft’s ATO, its Founders Hub on
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One of Africa’s fastest growing financial infrastructure providers, Fuze is in partnership with a blockchain company Miden in order to develop a privacy-first blockchain platform aimed at transforming digital
UAE-based credit scoring startup zypl.ai plans to expand its operations as it raises $5.5million in a bridge round led by Silicon Valley’s Carbide Ventures, alongside prominent investor
Roqqu has announced its product expansion by introducing a major product expansion that would reshape how users interact with digital assets, while going beyond simple trading into a broader financial
An international transfer platform, NALA is entering into the Nigeria market after securing an International Money Transfer Operator (IMTO) license from the Central Bank of Nigeria (CBN) and completing direct
