Daily

A collection of 500 posts

Daily

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

Daily

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.

Daily

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

Daily

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

Daily

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

Members only

Daily

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

Members only

Daily

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

Members only

Daily

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

Members only

Daily

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

Members only

Daily

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

Members only

Daily

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

Members only

Daily

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

Daily

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.

Members only

Daily

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

Daily

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

Daily

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.

Daily

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

Daily

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

Daily

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

Members only

Daily

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

Daily

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

Daily

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

Members only

Daily

Flutterwave Refocuses on Core Business, Restructures Workforce

Members only

Daily

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

Members only

Daily

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