Navigate and Comply with Regulations with Ease through International Standards and Industry Frameworks: Fostering a Culture of Transparency and Accountability – East Africa Webinar
Register here: https://lnkd.in/eHjvMg5K
FINTECH AFRICA | Flutterwave’s Send App Launches Commercial Operations in Malawi
Pan African fintech, Flutterwave, has announced that its flagship remittance product, Send App, has launched commercially in Malawi.
According to Flutterwave, Send App lets users make instant money transfers to recipients in various countries around the world, including Europe, United States, and the United Kingdom. This includes transfer options to:
- Local bank accounts
- Mobile money wallets
- Barter accounts, as well as
- Cash pick-up locations
Read more here: https://bitcoinke.io/2024/09/flutterwave-send-app-launches-in-malawi/
Microsoft, Flapmax empower 2,000 African startups
Microsoft and Flapmax have announced the success of their FAST Accelerator programme, which has significantly boosted the growth of Nigerian startups and empowered over 2,000 businesses across Africa.
According to the tech giant, the initiative, aimed at fostering local innovation, has helped startups access advanced technologies, AI expertise, and business development support.
In a statement, Flapmax said the programme had provided critical tools and resources to startups in key sectors such as fintech, logistics, and energy, allowing them to scale rapidly and extend their market reach.
Read more here: https://punchng.com/microsoft-flapmax-empower-2000-african-startups/#google_vignette
FUNDING | Nigerian Web3 Startup, UmrahCash, Reportedly Secures $500,000 from Adaverse to Transform Fintech for Religious Pilgrims
UmrahCash, a fintech startup based in Kano, Nigeria, has successfully raised $500,000 in funding from Adaverse, a Cardano-focussed Web3 investments firm and accelerator in Africa.
The company aims to address a critical challenge faced by Nigerian pilgrims: securing Saudi Riyals for Hajj and Umrah with greater ease and security.
Founded by William Phelps, a former Investment Manager at Adaverse, UmrahCash is focused on bridging a significant market gap in West-East financial transactions, particularly within the Islamic market.
Read more here: https://bitcoinke.io/2024/09/umrahcash-secures-funding/
dLocal and MoneyGram forge strategic partnership to boost payment services in emerging markets
dLocal and MoneyGram, two prominent players in the global financial technology sector, have entered into a strategic partnership.
The core objective of this partnership is to enhance remittance rates and service efficiency across the Asia-Pacific (APAC) and Europe, the Middle East, and Africa (EMEA) regions, with plans to expand into Latin America (LATAM). This collaboration is poised to elevate MoneyGram’s digital capabilities in receiving remittances, reaching more consumers in high-demand markets.
dLocal functions as a dynamic gateway for global enterprise merchants to interact with consumers in fast-growing economies across Africa, Asia, and Latin America. The company’s innovative “One dLocal” model offers a seamless payment solution with a single API, one platform, and one contract, allowing for comprehensive management of both pay-ins and payouts without the complexity of dealing with multiple processors and legal frameworks.
Read more here: https://fintech.global/2024/09/19/dlocal-and-moneygram-forge-strategic-partnership-to-boost-payment-services-in-emerging-markets/
Kifiya Becomes First Ethiopian Fintech to Receive Prestigious “Product Innovation of the Year” Award at the Global Small and Medium-Sized Enterprises (SME) Finance Awards 2024
Kifiya (www.Kifiya.com), a leading AI-powered, alternative data-driven scoring, embedded finance, and AgTech company, has been awarded the prestigious Silver Award in the Product Innovation of the Year category in Africa at the Global SME Finance Awards 2024, held as part of the Global SME Finance Forum in São Paulo, Brazil on September 17, 2024.
The Global SME Finance Awards, organized by the International Finance Corporation (IFC) and the SME Finance Forum, recognizes and celebrates institutions that have delivered innovative products and services and achieved impressive results in expanding finance and services to SMEs. Kifiya is the first Ethiopian company to win this award. This recognition highlights the company’s commitment to building a digitally and financially inclusive future by leveraging AI and cutting-edge technology to bridge the credit and market access gap in Sub-Saharan Africa.
Visa and dtcpay team on crypto-to-fiat card
Dtcpay says the partnership will help bridge the gap between traditional payments and digital currencies, enabling merchants to accept payments from a growing segment of UHNW customers.
The firm’s blockchain and multi-currency swap capabilities, means customers can convert their digital currencies instantly into fiat, then use their dtcpay Visa Infinite card to transact at merchants.
The card will be available for public registration in the fourth quarter, with dtcpay promising further offerings for UHNW customers and businesses down the line.
Adeline Kim, country manager, Singapore, Visa, says: “By combining Visa’s global reach with dtcpay’s Web3 expertise, we are empowering consumers and businesses who use dtcpay to convert their digital currencies into fiat and make digital payments seamlessly.”
Read more here: https://www.finextra.com/newsarticle/44761/visa-and-dtcpay-team-on-crypto-to-fiat-card
