"The assumption we had to kill earliest was that the technical problem was the hardest one. It is not."

Cash Paymaster Services, the defunct South African fintech and subsidiary of Lesaka Technologies that administered welfare payments to millions...

The Flourish Ventures-affiliated programme is standardising its "ticket-plus-support" mode.

Whether this influence evolves into a full takeover remains uncertain.

The latest round comprises a mix of equity and debt.

The final close arrives 18 months after the fund announced its first close.

Flutterwave has secured a microfinance bank license - but the entity it acquired raises questions about the strategic scope the company can immediately pursue.

The Dubai-headquartered lending platform's most revealing growth story is not in Africa's largest markets.

The Cairo-based startup will use the investment to scale its cold-chain-independent PCR testing kits across Africa and the Middle East.

In Morocco, three startups are all targeting the same 126,000 independent retailers. Backed by Morocco's largest bank, its royal family holding company, and a South African insurer, the race is now about who locks in the merchant first.

The mandate, announced this week, forces a reckoning for the region’s largest fintechs and telecom operators.

Flourish Ventures is a long-standing backer of Flutterwave, having first invested in the African fintech giant during its early growth stages in 2017.