#payment

Flutterwave has today announced that it has received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda. This will help the company expand its operations in East Africa. With these new licenses and being…

Pandascrow has launched a payments solutions platform built on escrow technology to help African businesses grow from new startups to market leaders in the commerce industry and beyond. Pandascrow was born out of the painful experiences…

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…

Workpay has raised US$2.7 million in pre-Series A funding to expand its HR, payroll, compliance, and benefits tools across Africa. The US$2.7 million in pre-Series A capital round was led by global and Africa-focused investors, including…

Kenya’s government has dropped charges of financial impropriety against Flutterwave Inc., almost seven months after a court in the East African nation froze the bank accounts of the payment giant. In July 2022, the Kenyan anti-money…

TeamApt Inc. has rebranded to Moniepoint, the name of its flagship product, thereby aligning with a recognizable identity that its existing business owners already trust. The rebranding of TeamApt to Moniepoint reflects the company’s…

Flutterwave has entered the running to acquire embedded banking platform Railsr, which has been hit hard by inflationary pressures, rising interest rates, cashflow pressures and VC pullback. News of Flutterwave's interest in Railsr was…

According to reports, Wyre, a crypto payment firm that came close to being acquired for $1.5 billion last year, is on the brink of liquidation. In operation since 2013, Wyre agreed to a $1.5 billion sale to online checkout company Bolt…

Chipper Cash, an African Unicorn payments company startup valued at over $2 billion, has reportedly laid off many employees. This news was confirmed by the company’s VP of Engineering, Erin Fusaro, in a post on LinkedIn. Fusaro said while…

VENCO has disclosed that it secured $670,000 in an oversubscribed pre-seed funding round. The pre-seed funding round was led by Zoosk Investment Management. Other strategic investors who participated in the funding round include; Voltron…