OPay to use $50 mn funding to boost fintech and Nigerian businesses
Lead investors in the startup's funding round include IDG, Sequoia China, and Source Code
KCB Bank Kenya commits Sh10 mn for ‘fintech in the Savannah’
Next week’s Afro-Asia Fintech Festival is hosted by the Central Bank of Kenya and the Monetary Authority of Singapore
UK digital bank Monzo to fight for US market share after £2 bn valuation
Monzo raises £113 million in a fresh round of funding, doubles its customer base to two million
Now Razer allies with Visa for Southeast Asia payments innovation
The value proposition of the Razer-Visa fintech solution is that users need not have a bank account
Saudi Arabia’s central bank licences 14 new fintech startups
The newly licenced fintech startups are lending startups or payments startups
New South Korean digital banks: applications by two consortia rejected
External evaluators found the applications led by fintech Viva Republica and brokerage Kiwoom inadequate
Startup Chile invites women founders to apply for pre-accelerator
Women startup founders will receive $25K equity-free funding, a year-long work visa, and free co-working space
African payments fintech startup Chipper Cash raises $2.4 mn
Chipper Cash settles money transfers across Africa in real time - a key value proposition for the fintech startup
Kenyan startup funding rises 136% in 2018, outpacing Nigeria, SA
Nigeria attracted $306 mn over 26 deals while South Africa slowed with $250 mn in startup funding over 37 deals
Fintech and the future of Africa explained
Seven of the world’s 20 fastest-growing economies are African, and the continent’s total GDP is forecast to double between 2015 and 2030
Fintech startups witnessed highest investment levels in 2018: Hampleton report
Nearly 189 transactions with $50bn valuation was recorded in the first half; and 160 transactions with a disclosed value of $13bn was noted in the second half of the year