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A collection of 499 posts

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Ethiopia’s Startup-Backed Fayda Wallet to Boost Digital ID and Financial Inclusion

Ethiopia has introduced the Fayda Wallet, a new digital identity and financial inclusion platform aimed at simplifying electronic Know Your Customer (eKYC) processes and expanding access to formal financial services. The wallet was co-developed by Swiss-based biometrics firm TECH5 and global payments provider Visa. The National ID Program (NIDP) is

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Beyon Money Partners with Binance to Deliver Exclusive Benefits

Bahrain-based Beyon Money has announced its partnership with Binance to bring exclusive benefits and services to its customers. With this partnership, Beyon Money's Checkout payment will be integrated with the Binance app, enabling Beyon Money's customers to use their Binance wallet on their Beyon Money Wallet.

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Kredete secures $2.25M to aid African immigrants in building credit and sending money home

Kredete, a fintech startup simplifying credit and payment for immigrants, has raised $2.25 million in a seed round from leading investors. Kredete also allows immigrants to send money home while enjoying the opportunity to build their credit. Founded in 2022 by Adeola Adedewe, a first-generation immigrant from Nigeria who

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South African fintech company Omnisient has secured a $7.5 million investment from Arise

The USD 7.5 million 'Series A' investment will support Omnisient, a data privacy and collaboration platform, in its mission to increase financial inclusion across Africa and beyond. South African fintech start-up Omnisient has received a $7.5 million investment from Arise, a company that invests in African

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Sendsprint Acquires Nobel Financial, Expands to the US

SendSprint, a global payment and remittance startup founded by an ex-Flutterwave executive, has acquired Noble Financial Inc., a US-based company. This acquisition positions Sendsprint to expand its operations into new markets and provide its services from 16 states within the United States. Damisi Busari, founder and CEO of SendSprint, expresses

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Blackbox will hold the Elevate 2024 Program between September 2nd and 5th, 2024

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Egypt's Synapse Analytics Secures $2M Investment to Transform Financial Services in the GCC and Africa

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Egyptian B2B E-commerce Startup Cartona Raises $8.1M in a Series A Extension Round

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Egypt’s Educatly Secures $2.5M to Strengthen its Presence in the MEA Region

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Dubai Fintech Startup Mamo Raises $3.4M Fresh Round to Scale and Expand in the Region

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Egypt’s Fintech Giant, MNT-Halan, Secures $157.5M for Regional Expansion

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Saudi's Logistics Startup OTO Raises $8M in a Series A Round to Expand, Strengthen its Presence in the Region

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Egypt’s Fintech Dopay Closes $13.5M Series A Extension Round

Dopay, an Egypt-headquartered fintech startup that provides a digital payroll and payments platform serving unbanked and underbanked workers in emerging markets, has announced the closing of a $13.5 million Series A extension round.

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d.light Secures $176M in Securitization Facility to Roll Out Affordable Off-Grid Solar Products in East Africa

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Oman's Climate Tech Startup 44.01 Secures $37M in Series A Funding

44.01, an Oman-based climate tech startup, has raised $37 million in a Series A funding round co-led by Equinor Ventures and Shorooq Partners. The funding round also saw participation from Air Liquide Venture Capital (ALIAD), Alumni Ventures, Amazon’s Climate Pledge Fund, Climate Investment, Innovation Development Oman, Planet A

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Nigerian Court Set October for Binance Tax Evasion Trial

A Federal High Court in Nigeria has set October 11, 2024, as the commencement date for the trial against the cryptocurrency exchange giant Binance.

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UAE’s Agri-focused Fintech Maalexi Secures $1M Investment from Stride Ventures

Maalexi, a UAE-based fintech startup specializing in agriculture, has successfully raised $1 million in venture debt from Stride Ventures, an Indian venture debt firm. This investment marks a significant milestone for Stride Ventures' international strategy and highlights its broader commitment to the GCC region. The new funding will accelerate

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Egypt’s El Kheta Secures $400k in Funding to expand online education opportunities in Egypt

Egypt-based edtech startup, El Kheta has secured $400k in funding from EdVentures, a strong supporter of Edutech startups in the MENA region. Founded in 2019, El Kheta provides a platform with tailored curricula for students, and the opportunity to create a personalized study plan that fits their schedule. EdVenutures, launched

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Saudi Edtech Jeel Secures Seven-Figure Seed Funding to Revolutionize Edutainment for Arab Youth

Jeelin , a trailblazer purposeful edutainment digital content for children, adolescents, parents, and educators in the MENA region, has announced the successful close of a seven-figure dollar seed funding round from Razm Investments alongside a consortium of angel investors. The startup will leverage this investment to boost its presence in the

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Meet Warwick Sneider, Helping South African Financial Brands Achieve Regulatory Compliance

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Saudi Ad Tech Startup Sweply Raises $2M in Seed Round to Accelerate Growth and Innovation

Sweply, a burgeoning ad tech startup based in Saudi Arabia, has successfully secured $2 million (7.5 million SAR) in a seed funding round with significant participation from Sanabil 500 Global and Salla. This investment marks a pivotal moment for Sweply as it aims to revolutionize digital advertising in the

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Egypt's Connect Money Secures $8M Seed Funding to Roll Out a One-Stop-Shop Embedded Finance Platform

Connect Money, an Egyptian-based banking-as-a-service (BaaS) platform focusing on embedded finance services, has secured $8 million in seed funding co-led by Egypt-based VCs DisrupTech Ventures, Algebra Ventures, and Lorax Capital Partners, with participation from One Stop Capital and MDP. Founded early this year by Ayman Essawy, Wadi Jalil, and Abdelaziz

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Flutterwave Refocuses on Core Business, Restructures Workforce

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South Africa Signs Law to Smoothen Ride-Hailing Services Operation in the Country

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Dubai-based Fintech NOW Money Closes $4M New Investment to Expand, Scale its Offering