Daily Digest, Thursday 11 November 2021
Funding In Africa
MFS Africa secures $100mn funding to scale the operations of its digital payments gateway across Africa
The fundraising marks another milestone in MFS Africa’s expansion, following a series of acquisitions and investments in other African fintechs, including the recently announced acquisition of Baxi in Nigeria. Read more
Funding In Southern Africa
South Africa’s fintech JUMO raises US$120mn to improve & expand its financial service
UMO claims it will utilize the investment to improve and expand the number of financial solutions it offers to small and medium businesses, in addition to expanding into Nigeria and Cameroon. Read more
Latest News
Fintech company, Pngme, receives investment from Aruwa Capital
Models that predict creditworthiness, segment customers, and provide computations such as debt-to-income ratio are part of their Insights library, which differentiates them from other data aggregators. Read more
Egypt’s Paymob joins forces with Mastercard to launch mobile payment platform
Tap-on-Phone is expected to have a significant impact on the Egyptian economy, providing opportunities for SMEs to meet consumer demands. Read more