Visa Backs Konnect and PayTic After Africa Fintech Accelerator

Posted on by kara | 10457 Views | 14 min read
Visa

Visa, a global leader in digital payments, has announced strategic investments and commercial partnerships with two fintechs following their 12-week engagement through the Visa Africa Fintech Accelerator program, which enables start-ups to scale through training, mentorship, and networking opportunities. Visa’s investments include Konnect, a fintech based in Tunisia which enables seamless, accessible, and instant payments

XPay Teams up With Huawei Cloud to Expand Digital Payments in Egypt

Posted on by kara | 6947 Views | 3 min read
XPay

XPay, a fintech startup, has partnered with Huawei Cloud Services to upgrade digital payment systems for businesses in Egypt. The agreement will expand XPay’s digital payment infrastructure by integrating Huawei’s cloud technology. In the official press release, XPay representatives indicated that the firm’s recent results reflect the confidence businesses have shown in its scalable services.

IFC and Attijariwafa Bank Egypt Partner to Support SMEs, Climate Finance

Posted on by kara | 5818 Views | 10 min read
IFC

IFC and AWB Egypt (Attijariwafa Bank) announced a partnership to bolster the Bank’s capital position and help it deliver on its strategy to support small and medium-sized enterprises and the growth of climate finance in Egypt. This capital infusion will enhance AWB Egypt’s capacity to expand its lending activities. IFC’s $20 million Tier 2 qualifying

Raenest Secures $11M Series a Investment in Qed-Led Funding Round

Posted on by kara | 10841 Views | 18 min read
Raenest

Raenest, the global multi-currency accounts platform for individuals and businesses across Africa, today announced the completion of its $11M Series A funding. The round was led by QED Investors, with participation from Norrsken22. Follow-on investment came from Ventures Platform, P1 Ventures, and Seedstars. This equity-based capital injection brings Raenest’s total venture funding to $14.3M. With

Eliminating Technology Debt in Digital Payments: Why SaaS is the Future

Posted on by kara | 10334 Views | 9 min read

As digital payments evolve, financial institutions face a major challenge: balancing innovation with maintaining existing IT assets. However, as Dr. John Wamai, Director at Equity Bank, warns in his recent LinkedIn post: “The pressure and urge to ‘sweat’ and maximize IT assets often lead to outdated and inefficient systems, temporary fixes, and poor integration—ultimately misaligning

MoneyHash Raises $5.2 Million Pre-A Funding

Posted on by kara | 6281 Views | 21 min read
MoneyHash

MoneyHash, the first and leading payment orchestration platform operating in the Middle East and Africa (MEA), has secured $5.2M in pre-A funding. The round was led by Flourish Ventures, a global fintech investor known for backing industry leaders such as Chime and FlutterWave. New investors include Saudi’s Vision Ventures, Arab Bank Venture Capital, and Emurgo

Cairo Amman Bank Taps Mastercard Move to Facilitate Cross-Border Payments

Posted on by kara | 6674 Views | 9 min read
Cairo Amman Bank

Cairo Amman Bank will leverage Mastercard Move’s money movement capabilities to facilitate the movement of funds from Jordan to 37 countries. The bank will also incorporate Mastercard value-added services like fraud analytics and risk control, the companies said in a Thursday (Jan. 16) press release. “We aim to address existing challenges in cross-border payments and

Paymob Secures UAE Central Bank License, Cementing Its Role as a Regional Fintech Leader

Posted on by kara | 5265 Views | 11 min read
Paymob

Paymob, the leading financial services enabler in MENA-P, announces it has been granted the Retail Payment Services License by the Central Bank of the UAE (CBUAE) after successfully meeting all regulatory conditions and requirements through a rigorous approval process. The license authorizes Paymob to offer merchant acquiring, payment aggregation services, and domestic fund transfers within

Apaya and Telr Join Forces to Boost E-commerce Ecosystem in MENA

Posted on by kara | 7519 Views | 5 min read
Apaya

Apaya, a commerce automation platform, entered into a strategic partnership with MENA’s online payment gateway Telr to accelerate digital commerce growth in the region. The collaboration will allow merchants to instantly access Telr’s payment services through Apaya’s no-code platform, according to a press release. They will also leverage Telr’s anti-fraud engine alongside Apaya’s intelligent routing

PayMint Fintech Gains Central Bank of Egypt Nod for Meeza Cards

Posted on by kara | 6819 Views | 16 min read
PayMint

PayMint, a leading financial technology company, has announced that it has obtained final approval from the Central Bank of Egypt to launch its first Meeza prepaid cards in partnership with Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt). This milestone aligns with the bank’s continuous efforts to collaborate with FinTech companies to provide flexible solutions that