Flutterwave, a major payments technology firm in Africa and in Nigeria, has announced that the Central Bank of Nigeria has granted it a Switching and Processing License (CBN). Flutterwave will be able to issue payment cards to customers directly thanks to the Switching and Processing license, as well as process financial transactions for other fintech…
Seven of the 219 startups that have been disclosed so far are from the continent, and three more startups from the continent have been confirmed as members of the S22 batch of the famed Silicon Valley incubator Y Combinator. The S22 batch of the Y Combinator program, which helped launch businesses like Airbnb, Coinbase, and…
14 founders have been chosen for the 2022 class of the flagship Venture Showcase program for women-led enterprises by VC4A, The Africa platform for startup investment. Each firm in the portfolio is aiming to raise $250K to $10M in Pre-Seed, Seed, and Series A funding. Speaking about the significance of highlighting these businesses, Ben White,…
High-performance and scalable software solutions are needed to handle transactions in the fintech industry. However, choosing the right programming language is critical for fintech applications. Why? Because the language you choose determines the project’s efficiency, development speed, security, compliance and financial regulations. Research has it that the global fintech market will grow at a compound…
There are many reasons why companies fail, and one reason for failure in business is the lack of funds, the exchange of money for the goods or services provided. There is no point in having a great product when its market value is zero, sooner or later, the competition for market share would shift to those who…
Mobile Power Limited has received a £1 million investment from All On, an independent impact investing firm with Shell funding, to support the expansion of its Pay-per-use battery sharing platform in Nigeria. Through its creative and cheap solutions, such as MOPO, an energy distribution platform, Mobile Power supplies clean and economical energy to the off-grid…
Pezesha, a Kenyan fintech startup, has raised $11 million in pre-Series A equity debt and expanded into Nigeria, Rwanda, and Francophone Africa. The equity round was led by Women’s World Banking Capital Partners II, with participation from Verdant Frontiers Fintech Fund, cFund, and Cardano blockchain builder Input Output Global (IOG). Talanton and Verdant Capital Specialist…
Twitter has announced that as of today, all users now have access to Twitter Circle. The feature was initially available to a small number of users in May, but anyone with an account can now create a Circle. Twitter Circles are simply a collection of a user’s most trusted followers. The user has control over…
Sharwa, an Egyptian startup, has raised $2 million in seed funding as it prepares to launch its mobile app, which it claims is the first social commerce app in the Middle East. Sharwa, founded earlier this year by Alaa Shalaby, Hassan Elshourbagi, and Mohamed Hanafy, offers customers low prices on approximately 1,000 grocery, appliances, and…
At the start of the year, the government and its agencies, most notably the NTSA, announced the release of new digital number plates for vehicles. Following the launch of the plates by outgoing Interior CS Fred Matiang’i, the day has finally arrived. The plates have two notable improvements: first, they now have security features that…
The e-track programme, a three-phase venture acceleration program run by UCT GSB solution Space, has chosen fifteen African startups to participate. Venture Launch, the first stage of the most recent iteration of the e-Track Program, began about five weeks ago. It is managed by the UCT GSB Solution Space. UCT GSB is a specialist centre…
The development of technology has increased from year to year. One of which is a cryptocurrency, a digital currency that has become a trend worldwide. Cryptocurrencies have made considerable growth in value and popularity. Therefore, more and more blockchain companies are popping up everywhere. It makes the competition between blockchain companies even more challenging. They…
Global analytics leader, SAS has partnered with three South African universities to launch the Teachers4DataAnalytics program, a teacher training initiative that aims to reach hundreds of teachers and provide them with the knowledge and tools to inspire their students to pursue careers in data analytics. Teachers4DataAnalytics will also form part of a bigger SAS driven program focused…
In what appeared to be a hopeful challenge to Slack, the social messaging app WhatsApp revealed in April that it was working on a new ‘Communities’ feature, a method for different groups to come “under one umbrella.” The function is now accessible to beta testers. Over the past few months, the Meta-owned messaging platform has…
The 25 finalists for the third iteration of The Future is Female Mentorship Program, the first PR and communications mentorship program specifically for African female startup innovators, have been revealed. In comparison to the applications submitted in the 2021 edition, the program received 343 applications from 36 different African nations in this edition, a 91%…
The third cohort of Startupbootcamp, a global start-up accelerator, is now accepting applications. Fast-track scouting events are scheduled to take place in more than ten African nations prior to the opening of AfriTech. This comes as the top pan-African digital accelerator received support from the Dutch Entrepreneurial Development Bank (FMO). With 19 programs offered in…
SubsBase, an Egyptian subscription, and recurring revenue management platform has raised US$2.4 million in a preliminary round of funding to boost its growth across the MENA region and to speed up product development. SubsBase is a cloud-based subscription, recurring revenue, and billing management platform that provides organizations with collection, operational, analytics, and billing solutions to…
To make it easier for Nigerians and other Africans to make overseas payments, fintech companies frequently provide virtual foreign bank accounts. In a recent development, Grey, a fintech in this category that gives African freelancers and remote employees virtual foreign bank accounts, said that it had acquired $2 million in seed capital. Grey was established…
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There are many variations of passages of Lorem Ipsum available but the majority have suffered alteration in that some injected humour.
Mungenow Technologies, a startup based out of Buea (popularly referred to as Silicon Mountain), Cameroon has launched a guest house booking platform aimed at helping travelers to and across Cameroon’s major cities and eventually the rest of Africa to find verified and affordable places to stay during their trip no matter what their budget is….
The fifth Ecobank Fintech Challenge has been announced by pan-African banking organization Ecobank Group, which invites African Fintech business owners to participate. A top prize of US$50,000 in cash and the ability to partner with and scale their solutions throughout Ecobank’s 33 African markets are up for grabs for fintechs that are in line with…
On Wednesday, Binance, one of the top blockchain ecosystems in the world and a prominent provider of cryptocurrency infrastructure, announced the opening of a crypto teaching center in Yaoundé, Cameroon. The center will collaborate with non-profit digital hub Inoni tech to offer resources and training to young people throughout Francophone Africa. The hub will be…
According to Russian internet security company Kaspersky, more Microsoft Office vulnerabilities are being exploited globally than in Q1 2022. These attacks represented 82 percent of all platform-specific exploits in Q2 2022. The most recent Kaspersky quarterly malware report supports this. The company claims that a rise in assaults using MS Office vulnerabilities was also observed…
More than 33 million users use the password manager LastPass, however, it was recently compromised after an unauthorized person gained access to the developer environment and took the company’s source code and confidential data. According to LastPass, no passwords are believed to have been stolen as a result of the incident, therefore users won’t need…
The launch of MTN heralds some intriguing applications across numerous industries, but the technology will only be accessible in a few significant cities. The service may not reach your neighborhood even though it will reach several major cities. The company’s website states that 81 locations in Lagos, 42 in Abuja, 30 in Port Harcourt, and…
A US$15 million first close of Microtraction’s second fund has been announced. Microtraction is an early-stage venture capital firm that invests in African technology firms at the pre-seed level. Yele Bademosi and Kwamena Afful started Microtraction in 2017, and with the help of PAVE Investments, Michael Seibel, Andy Volk, and Chris Shultz, they have since…
Johannesburg, 23rd August 2022 – The second edition of the Afrifursa Fintech Summit, AFRIFIN, will be held on September 22, 2022. After an inaugural edition that registered more than 440 participants and top-tier stakeholders from the global fintech space, as well as rising stars of the African fintech ecosystem, the AFRIFIN virtual summit now launches its 2nd…
The recently formed DigiFemmes Entrepreneurs program aims to equip female company owners in the Ivory Coast with data and digital skills to support the expansion of their enterprises. The DigiFemmes program, which supports existing women-led small and medium enterprises (W-SMEs) in their growth efforts, builds a strong pipeline of new W-SMEs, and collaborates with ecosystem…
According to reports, WhatsApp is releasing a new upgrade for Android cellphones that allows users to build communities. According to reports, the feature is now only accessible to a select group of beta testers. A communities tab was previously seen being developed on the communication platform owned by Meta. According to reports, this future feature…