fintech

make-twitter-giveaways-great-for-once-–-without-requiring-bank-accounts

Make Twitter giveaways great for once – without requiring bank accounts

Let’s tell I needed to ship a shock ‘chuffed birthday’ money reward to a friend; my first thought may possibly possibly be to inquire for their checking story amount. I would attain this for folks I do know very properly but additionally for any individual I easiest know on social media.  Nonetheless what if my …

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Will fintechs dominate the Mexican banking market?

There are serene challenges that fintech companies must face, however let’s peek on the suggestions and an authority map. Free E-book Preview Money-Trim Solopreneur This e book gives you the basic handbook for easy-to-note pointers and suggestions to create more monetary success. July 21, 2021 4 min read This article used to be translated from …

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fintech-builds-its-boom-on-the-back-of-partnerships

Fintech builds its boom on the back of partnerships

Fintechs cling turn into nice business in Africa, and partnerships are offering unusual opportunities for banks and other corporates to lengthen their attain. However these collaborations don’t seem to be any silver bullet Africa’s most modern tech unicorn, Flutterwave has the more or much less birth-up legend that grabs the appreciate and the headlines. Basically …

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Chaka becomes the first startup to receive SEC license for digital stock trading in Nigeria

After months of uncertainty regarding rules, Chaka has got a license from Nigeria’s Securities and Alternate Rate (SEC) to operate its digital platform for attempting for and selling stocks.  Chaka becomes the critical to abolish the digital sub-broker license launched by SEC in April of this yr. As phase of a predominant amendment to its …

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teamapt-anticipates-unicorn-bells-on-the-back-of-$16bn-agent-banking-blitz

TeamApt anticipates unicorn bells on the back of $16bn agent banking blitz

TeamApt has change into a frontrunner in Nigeria’s agent banking industry and that would possibly perchance perchance presumably force it to the envied space of a thousand million-buck startup in the coming months. Headquartered in Lagos Nigeria, the firm started off in 2015 constructing applications for banks. By the tip of 2018, it processed an …

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bezos-expeditions-invests-again-as-chipper-cash-raises-$100-million-in-series-c-round

Bezos Expeditions invests again as Chipper Cash raises $100 million in Series C round

Barely seven months after a $30 million funding spherical by which Jeff Bezos participated, Chipper Money has raised $100 million in a Sequence C spherical. The spherical used to be led by SVB Capital, a US company investing in an Africa-centered startup for the first time. New Chipper Money investors love Deciens Capital, Ribbit Capital, …

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Mono receives $2 million investment from Kuda CEO, Lateral Capital, others

Nigerian financial records startup Mono has raised a seed spherical of $2 million from a different of investors including Entrée Capital and Lateral Capital.  Babs Ogundeyi, co-founder and CEO of Kuda; Gbenga Oyebode, partner at The Continent Challenge Partners; and Eric Idiahi, co-founder and partner at Verod Capital, additionally invested in step with TechCrunch. Mono …

Mono receives $2 million investment from Kuda CEO, Lateral Capital, others Read More »

Visa launches first card payment service in Somalia

Visa has partnered with the Worldwide Monetary institution of Somalia (IBS Monetary institution) to open Somalia’s first Visa card fee service. This partnership will allow Somalians to expertise both world and native cashless fee opportunities.  “For Visa to reach to Somalia, it skill that we’re on the very most life like course of growth and …

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Flutterwave lands Visa and MTN veteran to lead government and regulatory affairs

Flutterwave has appointed Oluwabankole Falade as its Chief Regulatory and Authorities Household participants Officer. In a assertion, the company acknowledged Falade’s role can be to fabricate “strategic oversight and govt relation systems, whereas guaranteeing that the fervour and desires of the commercial are aligned with that of the regulators.” Falade joins Flutterwave from a identical …

Flutterwave lands Visa and MTN veteran to lead government and regulatory affairs Read More »

mobile-money-operators-can-issue-cards-but-not-loans-or-insurance,-cbn-says

Mobile money operators can issue cards but not loans or insurance, CBN says

Nigeria’s apex financial institution has moved to toughen the final public’s salvage admission to to mobile cash companies in Nigeria. Launched on the ninth of July, the Central Monetary institution of Nigeria uploaded its Framework and Tricks for Cellular Cash Companies to its web design. The 40-page regulatory framework targets to wait on Nigerians salvage …

Mobile money operators can issue cards but not loans or insurance, CBN says Read More »

teamapt-closes-undisclosed-series-b-round-to-extend-its-banking-services-across-africa

TeamApt closes undisclosed Series B round to extend its banking services across Africa

Nigeria-essentially based fully TeamApt, which offers agent banking products and companies with plans to roll out person-centered digital banking capabilities, has raised an undisclosed sum in a Sequence B spherical. In a recount, co-founder and CEO Tosin Eniolorunda stated the funding “enables us to develop our alternate options to a style of parts of Africa.” …

TeamApt closes undisclosed Series B round to extend its banking services across Africa Read More »

Inside Branch’s 20 percent interest investment push to beat Nigerian bank offerings

When Branch launched in Nigeria in 2017, it used to be a single product firm with a cash lending license to give loans to other folks. Loans originate from as low as ₦1,000 (~$2) and enlarge ceaselessly up to ₦500,000 (~$1,200) as the borrower repays. Four years, ₦40 billion (~$97 million) and three million loans …

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Fair Money raises $42 million as it evolves into a digital bank

FairMoney, love many other Nigerian fintechs, started out within the lending enterprise and is ready winding up its evolution into being a elephantine-fledged digital bank. Currently it equipped a $42 million Sequence B round. It used to be led by Tiger World Management with current traders love DST Partners, Flourish Ventures, Newfund, and Speedinvest participating.   …

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payhippo-raises-$1-million-pre-seed-to-improve-access-to-funding-for-smes-in-africa

PayHippo raises $1 million pre-seed to improve access to funding for SMEs in Africa

Despite its significance, the diminutive substitute sector in Africa stays largely underserved by commercial banks.  In Nigeria, a gargantuan share of the population operates diminutive to medium-sized enterprises (SMEs) in what’s referred to because the “informal financial system”. The informal financial system accounts for a huge two-thirds of the whole financial system and creates some …

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visa-launches-first-card-rate-provider-in-somalia

Visa launches first card rate provider in Somalia

Visa has partnered with the Worldwide Monetary institution of Somalia (IBS Monetary institution) to launch Somalia’s first Visa card rate provider. This partnership will enable Somalians to receive pleasure from both worldwide and native cashless rate opportunities.  “For Visa to advance to Somalia, it methodology that we are on the upright path of boost and …

Visa launches first card rate provider in Somalia Read More »

flutterwave-lands-visa-and-mtn-veteran-to-handbook-authorities-and-regulatory-affairs

Flutterwave lands Visa and MTN veteran to handbook authorities and regulatory affairs

Flutterwave has appointed Oluwabankole Falade as its Chief Regulatory and Government Members of the family Officer. In a assertion, the company stated Falade’s role will be to produce “strategic oversight and authorities relation recommendations, whereas guaranteeing that the hobby and desires of the enterprise are aligned with that of the regulators.” Falade joins Flutterwave from …

Flutterwave lands Visa and MTN veteran to handbook authorities and regulatory affairs Read More »

cell-money-operators-can-challenge-playing-cards-but-not-loans-or-insurance,-cbn-says

Cell money operators can challenge playing cards but not loans or insurance, CBN says

Nigeria’s apex monetary institution has moved to present a boost to the overall public’s earn entry to to cell money services and products in Nigeria. Launched on the ninth of July, the Central Financial institution of Nigeria uploaded its Framework and Guidelines for Cell Money Products and services to its web place. The 40-page regulatory …

Cell money operators can challenge playing cards but not loans or insurance, CBN says Read More »

bezos-expeditions-invests-all-another-time-as-chipper-money-raises-$100-million-in-series-c-spherical

Bezos Expeditions invests all another time as Chipper Money raises $100 million in Series C spherical

Barely seven months after a $30 million funding spherical in which Jeff Bezos participated, Chipper Money has raised $100 million in a Series C spherical. The spherical used to be led by SVB Capital, a US agency investing in an Africa-focused startup for the first time. Present Chipper Money patrons admire Deciens Capital, Ribbit Capital, …

Bezos Expeditions invests all another time as Chipper Money raises $100 million in Series C spherical Read More »

asset-tokenization-enhances-financial-building

Asset tokenization enhances financial building

The tokenization market is rising hasty and is making a indispensable contribution to the international financial system in phrases of sales, impart rate, market fraction, and size. Free Book Preview Money-Dapper Solopreneur This e-book offers you the wanted data for easy-to-be aware guidelines and techniques to make extra financial success. July 8, 2021 7 min …

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teamapt-closes-undisclosed-sequence-b-round-to-extend-its-banking-providers-across-africa

TeamApt closes undisclosed Sequence B round to extend its banking providers across Africa

Nigeria-essentially based mostly TeamApt, which affords agent banking providers with plans to roll out person-centered digital banking suggestions, has raised an undisclosed sum in a Sequence B round. In an announcement, co-founder and CEO Tosin Eniolorunda mentioned the funding “lets in us to extend our alternatives to varied parts of Africa.” The corporate in the …

TeamApt closes undisclosed Sequence B round to extend its banking providers across Africa Read More »