Nigerian startup Kuda raises $1.6 mn in pre-seed funding
The proceeds from the funding might be used for it to transition from beta to live launch of its online mobile finance platform
Egypt’s Fawry targets UAE, Saudi Arabia, and Kuwait for expansion
Fawry is also considering a deal with a UAE bank to use its technology platform in the UAE and other gulf countries
Kenyan fintech 4G Capital to increase lending to SME’s
The number of loans to be lent by the fintech in 2019 will be 420,000 which is worth $46 million
Crowdo partners with Indonesian banks for SME funding in Bali
Crowdo’s tie up with secondary banks to help boost financial inclusion in Indonesia
Dubai named the seventh best fintech location globally
The ranking cements Dubai’s position as a leading fintech capital across the globe
Singapore fintech startups upbeat on adding more jobs
Employers seek to expand the workforce despite minimum to no talent shortfall
Philippines commits to boosting fintech startups
Cagayan Economic Zone Authority receives investment commitments worth $8 bn from companies across Asia
African payment gateway fintech Innovate forays into Dubai
According to Innovate I Pay, the increasing number of African expatriates in UAE was a crucial deciding factor
IF EXCLUSIVE: Singapore digital banks: Compete or collaborate?
With a digital banking licence, Singapore’s fintech startup InstaReM plans to change the dynamics of banking customer experience
Brazil fintech Banco Inter raises $343 mn from SoftBank
Shares in Brazil’s Banco Inter surged more than 20 percent as Japan’s Softbank bought into the company.
Nigeria enters mobile banking era with MTN’s payments licence
The Central Bank of Nigeria has granted a licence to a subsidiary of MTN Nigeria to provide financial services