African fintech news – Page 13 – Africa Fintech Network

Nigerian Fintech Cardtonic Secures $2.1M Seed Funding to Launch Pil Business Spending Platform

Nigerian fintech company Cardtonic has closed a $2.1 million seed funding round to develop Pil, an independent business spending and expense management platform. This signals the company’s

Kuda Bank plans to launch in Tanzania and Canada following a successful 2025

Kuda is set to launch its remittance services in Tanzania and Canada, following successful testing in both countries. The digital bank announced this update in a

National Bank of Egypt Deepens Financial Inclusion Drive with Valu Funding

The National Bank of Egypt (NBE) has signed a short-term financing agreement of up to EGP 3 billion with U Consumer Finance, operating under the brand name Valu, one

Alpaca Raises $150M, Reaches Unicorn Status

Alpaca, a US-based brokerage infrastructure provider, has raised US$150 million in a Series D funding round led by Drive Capital, valuing the company at US$1.15

Mastercard, Visa and Revolut lose UK legal challenge over card fee cap plans

In late 2024, the PSR decided to push ahead with plans to introduce a price cap on the fees Visa and Mastercard charge UK merchants when European

Big payments upgrade in South Africa

The South African Reserve Bank (SARB) is working on a new payments standard to drastically improve scan-to-pay transactions in South Africa. The development and implementation

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition

Nigerian fintech Paystack, a digital payments company, said on Wednesday it is moving into banking with the launch of Paystack Microfinance Bank, expanding beyond its

Leveraging AI to Bypass the Smartphone Barrier and Advance Digital Inclusion in Africa

Africa’s digital transformation is often defined by connectivity statistics. Yet connectivity alone tells only part of the story. Widespread mobile network coverage exists across the

Ripple Clears Cross-Border Payments Hurdle With EU Approval

Ripple says it has secured an electronic money institution license in Luxembourg. The cryptocurrency company announced the approval Wednesday (Jan. 14), calling it a “significant step” in its

Network International and flydubai Partner to Deliver Seamless Airport Payments

Network International (Network), a leading fintech company in the Middle East and Africa, and flydubai, the Dubai-based carrier, have announced a collaboration to deliver an enhanced, seamless payment experience

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Tag: African fintech news