Nigerian fintech firm Risevest acquires trading startup Chaka
Nigerian fintech startup Risevest has acquired digital trading startup Chaka, after months of conversations between both companies, TechCabal reported on Tuesday. “We’re…
Fintech
PhonePe launches Indus appstore developer platform
A major player in digital payments owned by Walmart, PhonePe, has introduced its Indus Appstore Developer Platform in India. The launch by…
Fintech PayDay moves to sell company after raising $3m funds
Payday is in talks with potential buyers, barely six months after receiving $3 million in a seed round backed by Nigerian fintech…
MobileCoin appoints Sara Drakeley as new CEO
MobileCoin, the company behind Signal’s crypto payments function, which enables encrypted money transfer service, has appointed a new CEO. As the new…
Interswitch activates payment gateway with Google Pay
Nigerian payments provider Interswitch, has enabled support for Google Pay, through the Interswitch Payment Gateway. Nigerian customers and businesses can now use…
Flutterwave expands into India
Flutterwave, the most valuable startup in Africa, has partnered with IndusInd, India’s sixth-largest bank by assets, to offer its remittance product in…
Nestcoin raises $1.9m to scale products
Nestcoin, the parent company of Onboard, a digital wallet has received $1.9 million in a strategic investment round. The financing was led…
Nigerian fintech Anchor raises $2.4M to expand product offerings
A Nigerian banking-as-a-service provider, Anchor has raised $2.4 million in seed funding to scale their product offerings. Goat Capital, founded by Justin…
Venom, Hallmark launch physical gift cards
Venmo and greeting card maker Hallmark have partnered to enable users to send physical gift card that is loaded with money. The…
Visa to launch contactless payments in Kenya
Visa is collaborating with regional banks and fintech firms in order to introduce contactless payments in Kenya. Customers will be able to…
PayPal halts UK crypto sales until 2024
Payments giant PayPal has halted UK consumers to buy cryptocurrency through its platform as of October. This is as the company strives…
Safaricom’s M-Pesa launches in Ethiopia
Safaricom’s M-Pesa mobile money service on Wednesday launched in Ethiopia as part of its efforts to spur growth in one of Africa’s…