Fintech Startup Articles in Africa

witamax invests in morocco fintech startup lacaisse.ma

Lacaisse.ma, a Morocco-based startup has received an undisclosed amount of funding from WitaMax. The startup launched in 2016 and offers a modern concept back-office allowing you to observe remotely and in real-time one's turnover as well as transaction history. The funds are aimed at revolutionizing the management of physical points of sale in Morocco and the rest of the globe. Lacaisse was founded by the Said Belkhayat couple and a manager Rim Benboubker. Within a short time Lacais

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sa fintech startup sol rebrands to solmate

SOL, a South Africa startup has rebranded to SOLmate. This online payment platform that offers clients a digital wallet facility has unveiled a new product offering, a virtual card that places the unbanked and underbanked clients at the center of SOLmate's business offering. The virtual cards enable clients to safely shop online while drawing cash from different retail stores. This ensures SOLmate remains one of the first fintech players offering virtual cards to FICA lite customers

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morocco e-commerce startup chari.ma acquires fintech karny.ma

Moroccan e-commerce startup Chari.ma has acquired fintech Karny.ma so as to enable mobile money payments to customers. The deal runs close on the heels of Chari.ma's latest funding round from Plug and Play (most active silicon valley VC), Y combinator , and Orange Digital Ventures (VC arm of the French telecoms giant). Karny.ma is a phone-based credit book app allowing brick-and-mortar convenience stores to manage customer loans to their customers. The app can be downloaded from Goog

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8 african fintech startups selected for greenhouse lab accelerator programme

GreenHouse Lab - the flagship accelerator programme run by Greenhouse Capital (GHC) - has announced 8 African startups to the founders-backed 2021 Fintech Accelerator. These incredible companies represent the best of the African fintech sector and are led by young tech entrepreneurs solving critical market challenges in the areas of personal wealth management, fintech infrastructure, cross-border remittances, and diaspora services. GHC backs some of the most accomplished founders acr

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catalyst fund names inclusive fintech startups, three from africa

Catalyst Fund has revealed the six startups, three of whom operate in Africa, who make up the ninth collection of its Inclusive Fintech programme. The fund announced the startups on 2 August. At the same time, Catalyst Fund welcomed PayPal as a new supporter. The online payments company joins existing supporters such as the UK Foreign, Commonwealth and Development Office (FCDO), and JPMorgan Chase Co. The fund also announced it would place extra focus on digit

article : Startups
greenhouse lab launches fintech accelerator for startups across africa

Nigeria VC firm GreenHouse Capital is accepting applications for its inaugural accelerator programme - GreenHouse Lab. Startups going through the program will receive mentorship and opportunities to raise funds. GreenHouse Lab is the acceleration platform for GreenHouse Capital now powered by Google For Startups. The six-week programme brings together 6 of Africa's innovative startups, global investors, tech founders, and top corporate partners. Center of the accelerator's the

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morocco fintech startup mosaiclab raises $225k for invoice processing platform konta

Casablanca-based startup Mosaiclab launched Konta a Saas invoice-to-pay automation platform running on 100% Moroccan artificial intelligence technology. Konta has acquired several clients across Europe and Africa and is currently carrying out its first fundraising through WITAMAX, an investment company. Companies can subscribe to this software remotely as they adapt to organizational models that need no initial investment. The new funds raised will go towards accelerating the company

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egyptian agri-fintech startup secures seven-figure amount in funding

Giza-based Agri-fintech startup Mozare3 has secured an undisclosed seven-figure amount in a pre-seed funding round led by Algebra Ventures and Disruptech Ventures, with participation from EFG-EV, and a group of reputable angel investors. Tarek Assaad, Managing Partner at Algebra Ventures attributes their investment into the startup to the innovative financial products offered in a market that requires a tech-enabled solution. The agriculture industry suffers from price

article : Crowdfunding
nigerian fintech startup bfree secures funding

Lagos-based fintech startup BFREE has secured an undisclosed amount of funding in a seed round led by Nigeria-based Beta.Ventures alongside Launch Africa Ventures and GreenHouse Capital. Ike Eze, of Beta Ventures, attributes the investment into the fintech startup to its social impact feature that assists individuals in managing their existing debt and becoming financially stable. We are really excited to help grow the first ethical credit management company on the cont

article : Crowdfunding
ghana fintech startup zeepay raises record serie a as it looks to make strategic acquisitions

Zeepay a Ghanian fintech just concluded a $7.5 million Serie A funding round led by I P an impact investment group and ARK Holdings an Africa-focussed VC, Verdant Capital, GOODsoil VC, and JLD MB Legal Consultancy. According to the World Bank, remittance income flows into low and middle-income countries hit $540 billion in 2020. Zeepay has been processing remittance payments transactions for over 150 million mobile money subscribers spread across 20 countries. Paa Kwasi Yankey, Zeepa

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