The African financial landscape is undergoing a rapid digital transformation, driven by a surge in mobile phone usage, internet penetration, banking digitalization, and fintech innovation. According to the Global System for Mobile Communications report (GSMA), over the next five years, 4G adoption in the African region will more than double, reaching 45%. These changes have […]
PremierCredit Zambia, a leading financial technology company serving Southern Africa, is pleased to announce the appointment of Vincent Malekani as its Chief Executive Officer. Malekani has expertise, a valuable network, and a stellar track record of over 20 years in propelling top and bottom-line performance, fostering world-class teams, and driving unprecedented business growth and success […]
dLocal’s ability to directly process local payments will enable international merchants to accept payments, regardless of the platform, benefiting buyers and sellers. Coverage by Techcabal here. LAGOS, Nigeria, May 23, 2023 — dLocal Limited (NASDAQ: DLO, “dLocal”), a technology-first payments platform connecting global enterprise merchants with billions of consumers, is pleased to announce that the […]
12 African startups have been selected for its first ever Accelerator Program in Lagos LAGOS, Nigeria, January 31st, 2023— ARM Labs Lagos Techstars Accelerator, a Lagos-based program to build early-stage African fintech and proptech startups, is delighted to announce its inaugural class. The cohort is made up of 10 Nigerian and 2 Kenyan startups, with […]
BOULDER, Colo. — August 12, 2022 — Techstars, a global investment business that provides capital, mentorship, and customized programming for early-stage entrepreneurs, is bullish on expanding to key cities in Africa. The company intends to discover excellent founders and startups with great potential and to produce multi-billion dollar companies out of Africa. In April 2022, […]
Encouraging all early-stage entrepreneurs across Africa to apply to the inaugural class of the fintech and proptech Accelerator Program Techstars, a global investment business that provides access to capital, one-on-one mentorship, and customized programming for early-stage entrepreneurs, in partnership with ARM Labs, a Lagos-based innovation program focused on helping fintech startups, calls for applications for […]
Blockchain technology has gained widespread acceptance globally due to its multiple use cases and this has also ignited its fast-growing adoption on the African continent. Blockchain technology and cryptocurrency have provided African businesses with cheap and fast cross-border transaction options which has allowed for increased scalability and improved the ease of doing business. It is […]
Octamile, an Insurtech company enabling insurance and non-insurance businesses to protect African consumers from financial loss, has come out of stealth mode with $500,000 in pre-seed funding led by EchoVC with participation from Fiat Ventures, Kesho VC, Trade X, Verraki Partners, Dale Mathias, Kyle Daley (Founding team member of Chime) and other local and international […]
Nigerian multi-merchant rewards platform ThankUCash has raised US$5.3 million in seed funding as it plans expansion into new markets and further product launches. Co-founded in 2018 by Simeon Ononobi, Suraj Supekar, Madonna Ononobi and Harshal Gandole, ThankUCash offers cashback on purchases and deals from thousands of merchants, which in turn helps merchants retain customer loyalty, increase revenues, […]
