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Bloc Aquires Orchestrate To Enable Seamless Banking

Bloc Aquires Orchestrate To Enable Seamless Banking

Bloc has announced its complete acquisition of Getwallet, now known as Orchestrate. The full-service FinTech company was acquired for many reasons: to provide seamless payments for its customers. Announcing on its LinkedIn page, Bloc stated that, Orchestrate had developed a platform that can help Bloc fulfill its payment mission. Orchestrate

South Africa Progresses on its Digital Currency Adoption after Announcing ‘Project Dunbar’

South Africa Progresses on its Digital Currency Adoption after Announcing ‘Project Dunbar’

According to deputy governor Kuben Naidoo, the South African Reserve Bank (SARB) is steadily advancing with its inquiries into a central bank digital currency. Naidoo said the South African Reserve Bank (SARB) is closely involved with “Project Dunbar,”. The project unites the Reserve Bank of Australia, the Central Bank of

Swipe Raise $500,000USD In Pre-seed Funding

Swipe Raise $500,000USD In Pre-seed Funding

Swipe, a Nigerian fintech startup, has successfully raised US$500,000 in pre-seed funding. This is as it makes an effort to gain access to other credit services. The founders launched the credit-based financial institution in 2020 to provide payment solutions, helping businesses grow and branch out via credit purchases.

Zazuu Secures $2M to Scale its Cross-border Payment Marketplace for Africans

Founders Factory Africa

Zazuu Secures $2M to Scale its Cross-border Payment Marketplace for Africans

Zazuu, a United Kingdom-based and Africa-focused fintech startup that aggregates cross-border and remittance platforms, has raised $2 million in a new venture round to scale its cross-border payment marketplace. The pan-African investors, Launch Africa and Founders Factory Africa, British rapper Tinie Tempah, iROKOtv founder, and CEO Jason Njoku, and Kuda

The Entrepreneurship World Cup Kicks off for African Startups

The Entrepreneurship World Cup Kicks off for African Startups

The Global Entrepreneurship Network (GEN) and Vodacom Lesotho Foundation have announced the kick-off of the Entrepreneurship World Cup (EWC). The announcement was made at the Maseru event held yesterday. The program will provide access to international mentors and investors and the opportunity to pitch on a worldwide stage for a

What South Africans Must Know about the FIA’s ‘Crypto as a Financial Product’ Intention

What South Africans Must Know about the FIA’s ‘Crypto as a Financial Product’ Intention

Despite rising usage, cryptocurrencies have long faced legitimacy issues in Africa. However, a Blockchain analytics company, Chainalysis, claims that the use of cryptocurrencies is expanding faster on the continent than everywhere else, with transaction volumes rising 1,200 percent between July 2020 and 2021. The responses of African countries have

Errand360 Partners With Jumia Food For Last Mile Support

Errand360 Partners With Jumia Food For Last Mile Support

Nigeria’s eco-friendly delivery hub, Errand360, has partnered with Nigeria’s leading online mall, Jumia, to go an extra length to make swift delivery a reality. Built to run short and quick errands within the community, Errand360 is known to use bicycles to run its trips, avoiding traffic and being

SA Innovation Summit will help Provide Solutions to Foodtech Startups

SA Innovation Summit will help Provide Solutions to Foodtech Startups

Application for the Foodtech Programme has been opened for Foodtech startups in South Africa. SA Innovation Summit and Anza Capital launched the program to support Foodtech entrepreneurs. The Foodtech Programme, according to a press release, aims to identify and aid startups and small businesses that are multiplying and are creating

Togo Launches Togo Voyage; Digitalized Visa Application Sytem

Togo Launches Togo Voyage; Digitalized Visa Application Sytem

The completion of Togo Voyage a digitalized visa issuance system (an E-visa application system) has been announced by the Togolese government. According to a statement, this system is meant to permit applicants to apply for a Togolese visa online. This includes submission of visa application, payment for visa application, and

Anava Fund of Funds Injects $5.2M into Silicon Badia’s BIF2

Anava Fund of Funds

Anava Fund of Funds Injects $5.2M into Silicon Badia’s BIF2

Anava Fund of Funds, managed by Tunisia-based Smart Capital, has committed $5.2 million to the Badia Impact Squared Fund (BIF2), a venture capital fund managed by Silicon Badia, a pioneering venture capital firm that invests in early-stage and growth-stage technology firms operating globally. The Tunisia-based investment body has a

Telkom Kenya Targets $100,000 For 4G Expansion

Telkom Kenya Targets $100,000 For 4G Expansion

Telkom, one of Kenya’s network providers has decided to expand its reach for the 4G broadband, and this is coming at quite a cost. After launching its 4G broadband in 2017, Telkom has been able to serve only a few of its customers in certain locations with faster internet

Persistent Energy Secures $10m Equity Round to Scale its Clean-tech Venture Building in Africa

Financial Sector Deepening

Persistent Energy Secures $10m Equity Round to Scale its Clean-tech Venture Building in Africa

Persistent Energy announced a $10 million equity round led by Kyuden International Corporation, a subsidiary of the Japanese Kyushu Electric Power Group, and Financial Sector Deepening (FSD) Africa Investments to grow its clean-tech venture building business in Africa. Persistent’s Series C Preferred Units were used in the round, giving

What South Africans can Expect from Vodacom Western Cape’s $29M Internet Boost Investment

What South Africans can Expect from Vodacom Western Cape’s $29M Internet Boost Investment

More telecoms in Africa are committing to providing quicker speed, improved limit, and decreased dormancy that goes with the fifth era of cell innovation, 5G. To expand coverage, boost capacity, and enhance network uptime, Vodacom Western Cape says it would invest over $29M in the province’s mobile network this

South African Fintech, Nomanini, Expands Supply Chain Finance Solution to 8 New Markets

Digital finance

South African Fintech, Nomanini, Expands Supply Chain Finance Solution to 8 New Markets

Through a strategic agreement with financial services provider Baobab Group, South African fintech startup Nomanini is extending the reach of its recently announced supply chain finance solution StockNow to eight additional African regions. Headquartered in Cape Town and founded in 2011, Nomanini has created a platform that enables unlicensed traders

Twitter ‘Unmention’ Feature Now Available to All Users

Twitter ‘Unmention’ Feature Now Available to All Users

Twitter announced the launch of its “Unmentioning” feature to all users on all devices. The new feature, which Twitter initially began testing in April, allows users to remove themselves from conversations they don’t want to be a part of. The media giant announced the new feature in a tweet,

Egypt’s MaaS Startup, Swvl Expands into Mexico with Latest Acquisition of Urbvan

Egypt’s MaaS Startup, Swvl Expands into Mexico with Latest Acquisition of Urbvan

Swvl Holdings Corp (NASDAQ: SWVL), an Egyptian startup that provides transformative tech-enabled mass shared transit for intercity and intracity trips, announced a definitive agreement to acquire Mexico-based Urbvan Mobility Ltd, a shared mobility platform that offers tech-enabled transportation services to Latin America’s second-largest country by population for an undisclosed

Tech Talents Migrating from South Africa; The Where, The Why and The Effects

Tech Talents Migrating from South Africa; The Where, The Why and The Effects

The European Union (EU) published its New Pact on Migration and Asylum at the end of 2020. It sought to establish “Talent Partnerships” with African nations, among other things. Through these Talent Partnerships, migration and skill development were better connected. This partnership also involved the transfer of tech talents between

Jumia Food Uganda Launch Quick Commerce Platform

Jumia Food Uganda Launch Quick Commerce Platform

Jumia, in a bid to satisfy its customer’s demands in Uganda, has launched a quick commerce platform through its subsidiary, Jumia Foods Uganda. the platform is meant to meet the increased customer demands at a rapid delivery time. This platform is expected to allow consumers to receive items, groceries,

Onilbox To Take Over Tanzania Fit-Tech

Onilbox To Take Over Tanzania Fit-Tech

OnilBox, a Tanzanian based startup, is set to become one of the largest fitness technology (FitTech) in the country. Being just over a year after going live, OnilBox has helped various users find comfortable or private fitness locations, therefore building a large fit-tech community in Tanzania. Going live in 2021,

AfyaRekod Launches Universal Patient Portal

AfyaRekod Launches Universal Patient Portal

Digital health platform, AfyaRekod, has launched a Universal Patient Portal, which is fully automated and developed on blockchain technology. The Kenyan-based health-tech start-up developed the unified platform to give patients and medical personnel attending to them instant access to their complied health data and medical history for optimum healthcare. The

South African Water Crypto Startup, H2O Securities Secures $150M Investment

South African Water Crypto Startup, H2O Securities Secures $150M Investment

H20 Securities, the world’s first water cryptocurrency, has announced it raised $150 million through the sale of its tokens. The purchase came in form of an investment from GEM Digital, a $3.4 billion assets investment firm based in the Bahamas. The startup also mentioned it got listed on

Morocco’s Startup, Aza Petrosolutions Secures $296K For Its Oil Distribution Solutions

Aza Petrosolutions

Morocco’s Startup, Aza Petrosolutions Secures $296K For Its Oil Distribution Solutions

Aza Petrosolutions, a Moroccan startup (formerly known as Aza Petroleum) has secured $296,000 funding from Maroc Numeric Fund II. The startup will utilize the funds to scale its offerings by designing more technological solutions and producing more smart and connected products for the oil distribution business in the North

Mdundo and Universal Music Group Sign Deal to Bring its Music Catalog to African Audiences

Mdundo and Universal Music Group Sign Deal to Bring its Music Catalog to African Audiences

Mdundo, a pan-African music streaming platform signed a licensing deal with the Universal Music Group (UMG), the world’s leading Music Company to make available UMG’s catalog to African users. The Afrocentric streaming platform says the deal will strengthen its offering to its 17 million active monthly users and

Kenya The New Tech Playground As Google, Bolt, Mono Launch Out

Kenya The New Tech Playground As Google, Bolt, Mono Launch Out

In tech, choosing a location to operate your business has to be one of the most important decisions you have to make. This critical decision became a big deal when some tech companies picked a particular African country, Kenya, as their strategic point of business or their preferred extension destination.

Damen Partner BKN301 and Cashflo to Roll Out mobile Wallet App

Damen Partner BKN301 and Cashflo to Roll Out mobile Wallet App

Damen, a digital Payment startup, is collaborating with BKN301, a fintech firm that develops payment services and Banking-as-a-Service functionalities, and Cashflo, BKN301’s exclusive Egyptian partner, to fully digitize its product infrastructure, expand its offering with innovative services, and improve user experience via its technology platform. The pledge is part