Daily Digest

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

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