Flutterwave Gains Licence to Boost Malawian International Money Transfers
Despite the increasing importance of remittances in Africa, the World Bank reports that sending money to the region remains more expensive than to any other part of the world.
Paystack and NIBSS Join Forces to Introduce Direct Debit in Nigeria
With Paystack Direct Debit, users can now make automatic payments for subscriptions like Spotify and Netflix without using a debit card. Over 20 Nigerian banks are already integrated into this solution.
BasiGo Secures $1.5 Million Boost to Fuel Expansion into Rwanda
Before now, BasiGo joined forces with AC Mobility, a Rwandan company that provides high-tech systems for collecting fares on public transportation.
West African Super App Gozem Acquires Moneex in Fintech Expansion Move
Originally launched in Togo in November 2018 as a taxi-hailing service, Gozem now operates in 13 cities across Togo, Benin, Gabon, and Cameroon.
Flutterwave’s CFO and Two Finance Executives Resign Amidst IPO Ambitions
Bhambani joined Flutterwave in May 2022 amid financial allegations and workplace issues at the startup. He brought with him two finance executives from Kabbage.
Recruitment Startup JOBJACK Raises $2.5 Million to Battle Unemployment in South Africa
The platform has attracted nearly two million job seekers, and this number continues to grow by 2,000 new registrations each day.
iDICE Program Set to Create 65,000 New Startups in Nigeria
According to Nigeria's Minister of Foreign Affairs, Yusuf Tuggar, the iDICE program aims to create jobs and will greatly benefit young Nigerians.
See Which African Fintech Startup Secured the Largest Investment in Q3 2023
Africa’s FinTech sector has seen a drop in both investment and deal activity during Q3 2023 as seen in a...
Norrsken22 Secures $205 Million Investment for African Fintech and Edtech Startups
Norrsken22 plans to invest around $10 million to $16 million in approximately 20 African startups.
African Nations Unite for AI Safety: ‘The Bletchley Declaration’ Signed by Nigeria, Kenya, and Rwanda
This historic agreement to tackle AI risks was signed during the AI Safety Summit held in Bletchley Park, England, hosted by the UK government.