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

March 18, 2024 Bitcoin.com

The 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 […]

Ripple’s Planned Stablecoin Is an ‘Unregistered Crypto Asset,’ According to SEC

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

March 4, 2024 Bitcoin.com

Egyptian Fintech Startup Moneyhash Secures .5 Million in Seed Funding Round

Africa digital payments

Moneyhash, 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. […]

Ripple’s Planned Stablecoin Is an ‘Unregistered Crypto Asset,’ According to SEC

Nigerian Microfinance Bank Carbon Acquires Fintech Startup Vella Finance

February 18, 2024 Bitcoin.com

Africa fintech

Vella 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. […]

Ripple’s Planned Stablecoin Is an ‘Unregistered Crypto Asset,’ According to SEC

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

November 1, 2022 Bitcoin.com

Africa fintech

In 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 […]

Ripple’s Planned Stablecoin Is an ‘Unregistered Crypto Asset,’ According to SEC

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

January 11, 2022 Bitcoin.com

Report: Fintech Firms Received 62% of the .9 Billion Raised by African Tech Companies in 2021

Africa fintech

Fintechs 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 […]

Ripple’s Planned Stablecoin Is an ‘Unregistered Crypto Asset,’ According to SEC

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

December 26, 2021 Bitcoin.com

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

Africa finetch

Tap 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, […]

Ripple’s Planned Stablecoin Is an ‘Unregistered Crypto Asset,’ According to SEC

Kenya Based Fintech Kwara Raises $4 Million in Seed Round

December 12, 2021 Bitcoin.com

Kenya Based Fintech Kwara Raises Million in Seed Round

Africa fintech

A 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 […]

Ripple’s Planned Stablecoin Is an ‘Unregistered Crypto Asset,’ According to SEC

Analysts: Lack of Trust in Nigerian Government an Impediment to CBDC’s Success Prospects

November 12, 2021 Bitcoin.com

Adedayo Ademuwagun

While Nigerians have seemingly embraced the Central Bank of Nigeria (CBN)’s digital currency, skeptical analysts believe a lack of trust in the government will ultimately limit the e-naira’s prospects for success. Threat From Fintech Startups In addition, some analysts insist the digital currency’s already tenuous position is made worse by the fact that it has […]

Ripple’s Planned Stablecoin Is an ‘Unregistered Crypto Asset,’ According to SEC

Start-up Raises $2 Million to Pioneer Cryptocurrency Usage in Francophone Africa

October 10, 2021 Bitcoin.com

Start-up Raises Million to Pioneer Cryptocurrency Usage in Francophone Africa

Africa fintech

A Cameroonian fintech start-up, Ejara, has raised $2 million to pioneer the usage of crypto and investment services in French-speaking African countries. Coinshares Ventures and Anthemis Group led the funding round in which they were joined by Mercy Corps Ventures, Lateral Capital, Lofty Inc Capital, and Netx Fund. Using Crypto to Protect Savings in Francophone […]

Ripple’s Planned Stablecoin Is an ‘Unregistered Crypto Asset,’ According to SEC

Regulation Key to African Fintech Sector Growth — New Study

October 8, 2021 Bitcoin.com

Africa

According to the findings of a study by Afriwise, Kenya, Nigeria, and South Africa have the most developed fintech ecosystems on the continent. The study points to early regulation as one of the reasons for the industry’s success in these countries. Regulated Fintech Ecosystems Attract Investors Explaining the key role that regulation has played in […]

Africa fintech

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