Financial Services
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Finclusion Raises $20M To Build Out Credit-led Neobank Offering Across Africa
The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global…
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Ugandan Fintech Asaak Raises $30million To Support Acquisition Of Motorbikes, Smartphones By Taxi Operators
A Ugandan asset financing startup, has secured $30 million in pre-Series A equity and debt funding. The round saw the…
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Ghanaian Fintech Float Raises $17M Seed To Power Cash Flow For Commerce In Africa
Cash flow is a major pain point for small businesses in Africa. Long payment cycles, which can take 30-90 days…
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Fintech Farm Raises $7.4 Million In Funding, Set To Expand To Nigeria
Fintech Farm, a newly launched fintech firm has announced a seed funding raise of $7.4 million to expand into Nigeria…
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African Startups Raise US$4bn In 2021 With Fintechs Representing 62% Of The Funds
AFRICA – African startups raised US$4.65 billion in disclosed funding in 2021; 62 per cent of which went to fintechs…
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FSD Africa Invests £3 Million In Kenya’s IMFact Quick Finance Company
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has announced a £3m investment into IMFact, an expanding fintech company that uses…
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Nigerian Rewards Startup ThankUCash Raises $5.3m Seed Round For Expansion
Nigerian multi-merchant rewards platform ThankUCash has raised US$5.3 million in seed funding as it plans expansion into new markets and…
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Fintech Company Bfree Raises USD 1.7 Mn Pre-Series A Funding
Bfree, a Nigerian credit management fintech, has raised USD 1.7 Mn in a pre-Series A investment to expand globally and…
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Fintech Platform Get It Done Now Expands Its Operations To Spain
NIGERIA – Get It Done Now, a mobile fintech platform that provides users access to services, loans and insurance, has expanded…
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Morocco secures US$136mn loan from AfDB to boost speedy SMEs recovery
The Board of Directors of the African Development Bank Group (AfDB) approved a loan worth US$136mn to Morocco to implement a program…
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