The company planned to raise $613,000 in exchange for 7.67% equity but exceeded expectations in its latest crowdfunding campaign hosted on the Seedrs platform. Eversend, commonly referred to as Africa’s Neobank becomes the latest African startup to raise $1.015
Paytech
In a Series A funding for start-ups organised by American based Raptor Group and Deciens Capital, Chipper Cash, a PSP company, has beaten 500 other startups and Liquid 2
Myriad Connect solutions, a mobile technology solutions company, has begun operations in Kenya to help end digital transaction fraud. They aim to proffer fail-safe systems such as SIM swap services and out of band authentication which will help
Ghana has become the first African country to launch a Universal QR Code following the innovative digital payment solution from HPS GHIPSS (Ghana Interbank Payment and Settlement Systems), a subsidiary of the bank of
Absa, in their continued bid to remain at the top of Africa’s financial services sector, has extended its operations beyond the shores of South Africa by procuring payments infrastructure with the aid
Zambia has more than two million smallholder farmers alongside a rural population of almost 9.7 million. About 40% of these are financially excluded Zambia has a rural population of about 9.7million
After the end of a Series B funding round, Flutterwave, a San-Francisco and Lagos based Fintech Company, has announced that it has raised $35 million. Co-led by New York-based company, Grey Croft, and eVentures, the round had in attendance
OPay, An African fintech Start-up owned by Opera has been able to generate $120 million in a Series B funding round which had the Chinese investors IDG Capital, Source
Paycorp, a company that invested in Tutuka in 2015, has sold off its majority stake to APartners, a global investment manager. Since Paycorp’s initial investment, Tutuka has enjoyed increased international presence and more than 75% growth in terms of size. Tutuka, a
Kenya’s DPO Group, a payment service provider (PSP), has announced its acquisition of one of South Africa’s biggest payment processors, PayFast. The PayFast management team will remain major shareholders in the DPO Group as the