#merchant

FairMoney said it had acquired PayForce, a merchant payment service that serves small businesses. The details of the deal were not disclosed. However, the transaction was estimated to be a cash-and-stock deal from USD 15 million to USD…

Blnk has raised $23.7 million in equity and debt funding and $8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country. According to Blnk, the funds will support the…

Payhippo has Acquire Maritime Microfinance BankL-r: Zach Bijesse (CEO), Chioma Okotcha (COO), and Uche Nnadi (CTO) Maritime Microfinance Bank will support Payhippo in achieving its mission to expand access to finance for SMEs through…

The Central Bank of Nigeria (CBN) has issued Africave Technologies Limited DBA Kippa, the financial management and payments platform, a Payment Solutions Services Licence to Operate as a Super-Agent. With this approval, Kippa will build…

Yep! has raised a US$1.5 million pre-seed funding round as it launches its solution in five African countries. Its core offerings include Yep! Consumers, which will be available for retail customers, and Yep! Business, open to MSMEs,…

Duplo, said it has raised a US$1.3 million pre-seed round as it also confirms its participation in the W22 batch of the Silicon Valley-based Y Combinator accelerator. Founded by Yele Oyekola and Tunde Akinnuwa in September 2021, Duplo…

Bumpa, says it plans international growth after seeing impressive early uptake and banking pre-seed funding. The platform allows them to set up an e-commerce store using their smartphone, accept online and offline payments, manage…

Sabi has announced the close of a US$6 million bridge round to support its continued fast-paced growth in Nigeria and beyond. According to Sabi, over 175,000 merchants use its category-agnostic platform to manage their businesses and…

Sabi, has announced the milestone of over 150,000 small business users on its platform. Sabi is optimizing Africa’s informal trade sector by bringing merchants and resellers into its network with curated business tools and services that…

Pawapay a Pan-Africa payment platform said it has secured a $9 million seed raise. The round was co-led by MSA and UK-based investment fund 88mph, with participation from Vunani Capital, Kepple Ventures, and Zagadat Capital. The capital…