This $40 million funding round marks a pivotal moment for Nala. It will enable us to go beyond remittances and extend our reach beyond Africa, building a robust payments ecosystem

When we started in South Africa, load shedding was not a big topic...

TymeBank has announced the appointment of Karl Westvig as its new Chief Executive Officer...

Adeyemi-Adams’ motivation for establishing the platform stems from her personal journey, having experienced homelessness and participated in various employment support programs.

The funding round also saw participation from several renowned co-investors, including Johnson & Johnson, Sanofi, Beyond Capital Ventures, Angaza Capital, and others.

In the wake of the Heritage Bank crisis, fintechs are grappling with the challenge of rebuilding customer trust. While those covered by the NDIC can leverage this as a selling point, others must find alternative ways to demonstrate their commitment to financial security.

Fawry employees collectively hold 43.1 million shares in the company, representing a portion of the over 227 million shares allocated under the company’s Employee Stock Ownership Plan (ESOP)

In September 2023, African mobility startup WhereIsMyTransport opted for Creditors’ Voluntary Liquidation due to its financial inability to meet obligations. The liquidator oversaw asset realization and debt settlement, adhering to the UK Companies Act of 2006.

Co-founders Mohamed Tarek and Mostafa Barakat have since left the company to pursue other endeavors, and Cassbana’s website is no longer active.

The Central Bank of Egypt granted initial approval for OneBank in May, marking the completion of the first phase of the rigorous licensing process, which includes three stages.

With this acquisition, Polymorph Systems joins Octoco Consulting as a sister company within the Octoco Group, both headquartered in Techno Park, Stellenbosch.

Kenyan identity management startup, Peleza, and US-backed digital security platform, Prembly, have announced a...