FMBcapital Holdings Plc (FMBCH) announced further positive performance in the first half of the 2022 financial year, with a very strong growth in profit after tax (93% growth to US$25.2m on 2021 first half). The interim period of 2022 followed through strongly on concerted efforts from 2021, and saw the Group’s banking operations in Botswana,
Sub-Saharan African credit provider Unifi is enabling its clients to apply for short-term personal loans and have the money in the bank within minutes. Their impressive speed puts Unifi a few steps ahead of similar products in this space and makes life easy for customers in underserved markets. “While all our customers are formally employed,
The service offered by Grey enables its customers to have virtual international bank accounts for free and enjoy a seamless foreign payment process Grey (https://Grey.co), a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans, has raised $2 million in seed funding. The service offered by Grey enables its customers
Growth of digital business with 99% of transactions happening outside the branch Growth of profit after tax, 36% Growth in Net loans to customers, 29% Growth in Net Interest Income, 28% Growth in Non-Funded Income 23% Growth in Total Assets, 19% Out of Kshs 171.4 billion Covid restructured loan book, Kshs 46.6 billion has been
The partnership will allow Kenyans living in the UK and US to send money directly from their banks, through the NALA app, instantly and at the most competitive rates to Equity Bank Kenya accounts and other mobile wallets Equity Bank Kenya has signed a partnership with NALA Payments Limited, a remittance payment processing platform licensed
Network International’s offering includes acquiring and processing services, and an ever-evolving range of value-added services The company, which operates across Africa and the Middle East, has seen financial outcomes that reflect solid trading and strategic delivery, driving strong cashflow generation; Figures include new financial institution wins and merchant signups; accelerated transaction growth; cross-selling and launching
Paysend, the UK-based fintech with over 7 million customers, today announces that 50 new receiving countries have been introduced to its global payments network since the start of 2022. These additional payments corridors mean that Paysend customers can now send money to over 170 countries worldwide. Notable additional countries supported by Paysend include: Antigua and
Established Colombian fintech firm Minka has announced that it plans to repeat the success of its Latin America-based real-time payments system across Africa, accelerating and easing the movement of money across the continent and improving financial inclusion. Minka is a seamless payment network that enables organisations to move money in real-time. It simplifies the movement
The partnership will allow Kenyans living in the UK and US to send money directly from their banks, through the NALA app, instantly and at the most competitive rates to Equity Bank Kenya accounts and other mobile wallets. Equity Bank Kenya has signed a partnership with NALA Payments Limited, a remittance payment processing platform licensed
The official contract signing ceremony took place in The Sheraton Addis, with key company executives present to witness this landmark occasion. CR2’s digital banking platform – BankWorld – will enable Oromia Bank to enhance and improve their customer’s retail and corporate digital banking and payments experience and position Oromia Bank as one of the leading
