Moniepoint: Africa’s Fastest-Growing Fintech Secures $110M to Scale Digital Payments & Banking

Moniepoint

Moniepoint Inc. (“the Company” or “Moniepoint”), Africa’s fastest-growing fintech, announces it has successfully raised US$110 million in equity financing to power the dreams of millions of businesses and their customers across Africa and the diaspora. Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint (formerly known as TeamApt) has an enviable track record of

Absa Secures US$150mn Facility for African SMEs from BII

Absa

Absa Bank CIB has secured a US$150mn facility from the UK’s British International Investment (BII) to fund sustainable trade in Africa. According to a joint press release, the financing will support transactions, including those benefiting women—and youth-led SMEs. The press release says the partnership is “making strides in advancing the efforts of the African Continental

Volante Technologies and Standard Bank Partner to Transform Africa’s Payments with Historic PaaS Deal

Volante

Volante Technologies, the global leader in Payments as a Service (PaaS), is proud to announce a strategic partnership with Standard Bank, Africa’s biggest bank by assets, to modernize payment infrastructure across the African continent. This marks one of the most ambitious PaaS payment deals signed in history. No other payment provider services this many countries

SMEs Reimagine Payments with Woven Finance’s Services

SMEs

SMEs are at the forefront of Woven Finance’s transformation of the African financial landscape through secure payment solutions for businesses and corporations. Woven Finance has positioned itself as a leader in payment solutions by offering a portfolio of innovative, seamless, and secure payment products. Africa’s fintech landscape—particularly in Nigeria—has been on an upward trajectory in

IFC and Equity Bank of Kenya Partner in Landmark Facility to Support Financial Inclusion for Refugees

IFC

IFC today announced a risk sharing facility for Equity Bank of Kenya that is the first globally to be dedicated to financial inclusion for refugees and their host communities. The $20 million facility will boost financial inclusion for individuals and small businesses in Kenya’s most underserved regions, including the Turkana and Garissa refugee hosting areas,

Fils and eeasy Join Forces for Sustainable Payments in Middle East & Africa

Fils

Fils, the global leader in enterprise-level sustainability infrastructure, has entered the African market, with a strategic partnership with eeasy, a digital payments technology company operating in Middle East & Africa with a focus on Egypt, to empower its clients in facilitating climate action, offering consumers the option to offset carbon emissions with every transaction. The

South African Bank Blocks Crypto Payments, Faces Industry Backlash

South African Bank

South African bank Capitec has blocked electronic funds transfers and real-time payments to cryptocurrency exchanges as a security measure. While Capitec acknowledges growing interest in cryptocurrencies, the bank maintains that the measure is necessary to protect clients from fraud. Some industry players view this move as an attempt to restrict crypto trading. Crypto Payments Blocked

NCBA Expands in Ukunda to Provide Customer Banking Solutions

NCBA

NCBA has expanded in Ukunda, as part of its strategy of taking the businesses into new sectors of the economy, as well as providing its services to local clients. Following this announcement, the NCBA Customer centric approach will ensure clients enjoy full banking services, including asset financing, personal and business loans, digital banking, as well

Fincra’s Continental Vision: Bridging Africa’s Payment Gap

Fincra

Fincra, an African payment infrastructure provider, has achieved a significant milestone in its expansion plans. The company has secured a Third Party Payment Provider (TPPP) licence in South Africa, enabling it to offer its payment solutions to businesses in the country. This regulatory approval aligns with Fincra’s goal of simplifying value transfer across Africa and

Verve Hits 70 Million Payment Cards in Nigeria, Consolidates Market Leadership

Verve

Verve International, Africa’s first and largest domestic payments scheme and an emerging reference point in the burgeoning realm of domestic payment schemes globally, has again announced another remarkable new growth milestone, further consolidating its growing market share in Nigeria in terms of payment card issuance and transactions. Verve Payment Cards in Nigeria, Africa’s largest consumer