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Lengthy Licensing Stumps Kenyan Fintech Startups

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Lengthy Licensing Stumps Kenyan Fintech Startups
Africa fintech
Lengthy Licensing Stumps Kenyan Fintech StartupsFintech startups face significant challenges when expanding to Kenya, primarily due to the lengthy and complex process of obtaining an operating license. Obtaining a payment service provider (PSP) license can take up to two years, forcing startups to rely on workarounds such as partnerships with established players like telcos and banks. High market entry barriers […]
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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Mastercard and Scale Partner to Accelerate Fintech Deployment in Africa

Bitcoin.com
Mastercard and Scale Partner to Accelerate Fintech Deployment in Africa
Africa fintech
Mastercard and Scale Partner to Accelerate Fintech Deployment in AfricaMastercard, the American multinational financial giant, recently revealed it has partnered with the fintech firm Scale to accelerate the deployment of fintech firms in Africa and the Middle East. Amnah Ajmal praised the partnership with Scale, saying it moves her organization closer to its goal of narrowing the digital gap. Narrowing the Digital Gap The […]
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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

South African Travel Fintech Turnstay Secures Funding for Regional Expansion from DCG, DFS Lab

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South African Travel Fintech Turnstay Secures Funding for Regional Expansion from DCG, DFS Lab
Africa fintech
South African Travel Fintech Turnstay Secures Funding for Regional Expansion from DCG, DFS LabVenture capital firms DFS Lab and Digital Currency Group (DCG) recently invested $300,000 in Turnstay, a South African travel-focused fintech startup. Turnstay aims to simplify payment procedures for international travelers by leveraging a global network of compliant companies. New Investment to Fund African Expansion Drive The South African fintech startup Turnstay recently secured $300,000 (over […]
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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Nigerian Fintech Startup Chipper Cash Lays Off Employees in US, UK

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Nigerian Fintech Startup Chipper Cash Lays Off Employees in US, UK
Africa fintech
Nigerian Fintech Startup Chipper Cash Lays Off Employees in US, UKThe Nigerian fintech startup, Chipper Cash, recently abolished the roles of 20 workers based in the U.S. and U.K. The CEO Ham Serunjogi said this decision aligns with its goal of maintaining high operational efficiency and moves the startup closer to profitability. Layoffs Set Chipper Cash on Course for Positive Cash Flow in the First […]
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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Egyptian Fintech Startup Moneyhash Secures $4.5 Million in Seed Funding Round

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Egyptian Fintech Startup Moneyhash Secures .5 Million in Seed Funding Round
Africa digital payments
Egyptian Fintech Startup Moneyhash Secures .5 Million in Seed Funding RoundMoneyhash, a digital payments fintech startup, recently secured $4.5 million in a seed funding round. The fintech startup said it will use the capital raised to enhance its technology and fund its regional expansion drive. The Impact of COVID on Payments Moneyhash, an Egyptian fintech startup, recently secured $4.5 million in a seed funding round. […]
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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Nigerian Microfinance Bank Carbon Acquires Fintech Startup Vella Finance

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Nigerian Microfinance Bank Carbon Acquires Fintech Startup Vella Finance
Africa fintech
Nigerian Microfinance Bank Carbon Acquires Fintech Startup Vella FinanceVella Finance, a Nigerian fintech startup, was recently bought by the microfinance bank Carbon. The acquisition of the fintech startup paves for Carbon to launch a new banking platform targeting Nigerian businesses. New Business to Leverage Artificial Intelligence The Nigerian microfinance bank, Carbon, has reportedly acquired the fintech firm Vella Finance for an undisclosed amount. […]
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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Mastercard Study: African Fintech Sector Had One of the Highest Year-on-Year Growth Rates in Funding in 2021

Bitcoin.com
Mastercard Study: African Fintech Sector Had One of the Highest Year-on-Year Growth Rates in Funding in 2021
Africa fintech
Mastercard Study: African Fintech Sector Had One of the Highest Year-on-Year Growth Rates in Funding in 2021In 2021, African fintech startups accounted for 61% of the $2.7 billion in venture capital funding that was deployed on the continent, a new study has found. While its share of global fintech funding is just over one percent, the continent’s fintech sector still recorded one of the highest year-on-year growth rates globally. ‘Record-High Number […]
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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Report: Fintech Firms Received 62% of the $4.9 Billion Raised by African Tech Companies in 2021

Bitcoin.com
Report: Fintech Firms Received 62% of the .9 Billion Raised by African Tech Companies in 2021
Africa fintech
Report: Fintech Firms Received 62% of the .9 Billion Raised by African Tech Companies in 2021Fintechs account for nearly two-thirds of the $4.9 billion that was raised by African technology firms during the past year. Fintech groups also dominate in terms of funding that exceeds $50 million, with a 40% share of the total number of tech firms. The Covid-19 Factor Out of the $4.9 billion in funding that was […]
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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Creator of App for Remittances to Africa and Asia Raises $65 Million in Series B Round

Bitcoin.com
Creator of App for Remittances to Africa and Asia Raises Million in Series B Round
Africa finetch
Creator of App for Remittances to Africa and Asia Raises Million in Series B RoundTap Send, the creator of a remittances app of the same name, revealed it has raised $65 million in a Series B funding round. The fintech firm plans to use the funds to build a cheaper and faster cross-border money transfer platform. Remittances to Overlooked Countries The fintech startup behind the remittances app, Tap Send, […]
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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Kenya Based Fintech Kwara Raises $4 Million in Seed Round

Bitcoin.com
Kenya Based Fintech Kwara Raises Million in Seed Round
Africa fintech
Kenya Based Fintech Kwara Raises Million in Seed RoundA Kenya based fintech, Kwara has raised $4 million in a seed round that was led by Breega VC firm. The funds will be used to create an app that allows members of credit unions to access financial services. The Rising Demand for Financial Services by Credit Union Members Kwara, a Kenyan fintech that focuses […]
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SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

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