Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, will be speaking at the Canada-Africa Fintech Summit 2025
Meet Olugbenga ‘GB’ Agboola, the Founder and CEO of Flutterwave, who will be speaking at the Canada African Fintech Summit 2025. With over 18 years of experience in fintech, GB has developed solutions for companies such as PayPal and Google, significantly influencing the future of finance in Africa and beyond.
Read more: https://shorturl.at/7GEdq
Fincra secures Tanzanian licence as it expands footprint across East Africa
Lagos-based fintech startup Fincra has secured a regulatory milestone in its pan-African expansion strategy, receiving approval from the Bank of Tanzania to operate as a licensed payment service provider in the country.
The licence enables Fincra to offer its suite of financial infrastructure tools, including virtual accounts, payment APIs, payment links, and checkout services, to businesses and developers in the Tanzanian market.
“We are thrilled to receive this licence from the Bank of Tanzania. It reflects our long-standing commitment to regulatory integrity and positions us to deliver even more value to businesses in East Africa. This is a key part of our mission to build the rails for an integrated Africa,” said Wole Ayodele, CEO of Fincra, in a statement.
Read more: https://techpoint.africa/news/fincra-tanzanian-payment-licence/
Moniepoint Cleared to Acquire Kenyan Microfinance Bank
Moniepoint Inc. has received the green light from the Competition Authority of Kenya (CAK) to acquire a 78% stake in Sumac Microfinance Bank, marking a major step into East Africa’s fast-growing financial sector.
Why it matters
The move gives Moniepoint, one of Africa’s most aggressive fintechs, a backdoor entry into Kenya’s lucrative $67.3 billion mobile payments market — without the wait of applying for a fresh license.
Read more: https://techlabari.com/moniepoint-cleared-to-acquire-kenyan-microfinance-bank/
Deutsche Bank and Mastercard partner to Power Merchant Solutions with open banking payments
Deutsche Bank and Mastercard are proud to announce a strategic partnership designed to accelerate the evolution of open banking and redefine the payment experience for merchants and consumers across Europe.
The collaboration will elevate Deutsche Bank’s Merchant Solutions offering, particularly its Request to Pay (R2P) service, by introducing new levels of choice, flexibility, and efficiency with account-to-account based payments on Mastercard’s trusted open banking network.
With open banking and account-to-account (A2A) payments rapidly gaining momentum across Europe this partnership positions Deutsche Bank and Mastercard at the forefront of payment innovation enabling merchants to offer “Pay by Bank” functionality through Deutsche Bank’s Merchant Solutions.
Point & Pay Integrates Trustly’s Pay-by-Bank Tools for Government Payments
Point & Pay, a payment processing provider for government agencies, has integrated Trustly’s pay-by-bank tools to enable single sign-on with banks when paying government obligations.
This combination will reduce the occurrence of returned checks, the companies said in a Tuesday (June 3) press release emailed to PYMNTS.
“This new approach reduces the rate of returned checks and helps us deliver enhanced modernization solutions to all our clients,” Point & Pay CEO Kevin Connell said in the release.
Chime, last valued at $25B, aims for $11B in upcoming IPO
Chime, whose pending IPO is expected to be one of 2025’s blockbuster hits, issued a share price range on Monday of $24 to $26.
That a market cap of up to $11.2 billion. At the midrange, the company will raise $800 million for itself and a handful of investors, including European VC powerhouse Cathay Innovation, who plan to sell some shares in the IPO.
Even in these slow IPO times, this wouldn’t be the biggest IPO of 2025. CoreWeave, which raised $1.5 billion and was valued at $23 billion, holds that title. This, even though CoreWeave had hoped for far more from its IPO.
Read more: https://techcrunch.com/2025/06/02/chime-last-valued-at-25b-aims-for-11b-in-upcoming-ipo/
