Nala Plans $120 Million Fundraise for X-Border Payments
Startup Nala, which specializes in cross-border payments, intends to raise $120 million in the next round of financing.
Africa
Tether Signs Agreement With Guinea
Crypto stablecoin issuer Tether has concluded an agreement with the African state of Guinea for the country to explore the adoption of blockchain and peer-to-peer technologies.
Affinity Africa Raises $8M to Expand Affordable Banking for Individuals and MSMEs
Affinity Africa, a Ghana-based digital banking platform, raised seed funding to provide affordable and accessible financial services to underserved and unbanked individuals and micro, small, and medium enterprises (MSMEs).
Ecobank & Nium to Unlock Real-Time Cross-Border Payments for African Markets
Collaboration with Nium will allow Ecobank’s 32 million customers to access faster and more efficient international transactions without complex integrations.
Mastercard Expands Product Express Platform for Card Issuance
Mastercard is expanding its Product Express platform across Africa, the Middle East, Europe, North America, and additional markets in Latin America, enabling fintechs to launch card programs with speed, simplicity, and full transparency.
Vodafone and Google Deepen Strategic Partnership to Expand GenAI Services Across Europe and Africa
Vodafone will expand access to Google’s AI-powered Pixel devices with its fast 5G network and offer Google One AI Premium subscription plans, which include Gemini Advanced, in select territories by 2025.
Mastercard and KaiOS to Deliver Affordable Payment Acceptance Devices to African SMEs
Mastercard latest collaboration aims to enable businesses to leverage digital tools more easily, promoting financial inclusion by using affordable mobile devices powered by KaiOS.
JPMorgan Seeks to Expand in Africa and Scandinavia
JPMorgan Chase, the largest bank in the United States, is currently stepping up efforts to expand its business globally, intending to form an enhanced presence outside the domestic market.
Yellow Card & Fireblocks to Streamline Cross-Border Payments in Africa
Pan-African fintech and stablecoin platform Yellow Card integrates Fireblocks wallet to improve cross-border transactions for both businesses and individuals in Africa.
Leading Fintech Companies in Tanzania
Tanzania’s fintech sector is experiencing a rapid advancement, driven by a combination of increasing mobile phone penetration, the introduction of innovative financial tools, and a regulatory environment that is supportive of these endeavors.
Africa’s Participation in Global Blockchain VC Deals Hits New Record
Africa’s emerging influence in the global blockchain industry is reflected in the continent’s highest-ever share of blockchain venture capital (VC) rounds on record.
VC Breega Hits First Close of $75 Million Africa Fund
The Paris-based venture capital firm Breega is setting up a $75 billion fund to invest in early-stage startups in Africa.
Ethiopia Intends to Allow Foreign Lenders to Acquire Local Banks
Ethiopia’s Council of Ministers has approved a bill according to which foreign financial institutions are granted the right to acquire stakes in the banks of this African country.
Mastercard and African Development Bank Group Collaborate to Provide Digital Identities
Mastercard and the African Development Bank Group have formed an alliance to provide access to critical services to 100 million people and businesses in Africa.
OpenseedVC Reaches First Close of $10m Fund for Early Stage Startups across Africa and Europe
Female-led OpenseedVC has reached the first close of its $10 million angel-style early-stage fund, hoping to reach the final close within a year.
Norrsken22 Bets on Africa’s Fintech Boom
African technology companies and startups are becoming increasingly attractive to international investors, which is why ignoring them falls into the category of inappropriate and short-sighted decisions.
Welcome to PaySpace Magazine, the ultimate destination for staying informed about the most recent financial and payments news from Africa. Our news platform is designed to provide comprehensive coverage of the ever-changing African market, offering valuable insights into crucial areas such as banking, fintech, mobile payments, and more. Explore our content to access the latest trends and innovations, as well as exciting opportunities that are shaping the financial industry in Africa. Join us on this journey as we delve deep into the dynamic landscape of African finance, bringing you all the essential information in one convenient place.
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