In Africa’s rapidly evolving fintech landscape, First Circle Capital stands out, not just for its investment strategy but for how deeply it engages with founders and systems alike. Leadership driving the force A female-led fund driving fintech innovation established by fintech veterans, Selma Ribica and Agnes Aistleitner Kisuule, First Circle Capital is an early-stage VC focused […]
The African fintech landscape in 2024 was marked by both challenges and opportunities, underscoring the sector’s resilience and adaptability.
Moniepoint has done it again! This Nigerian fintech powerhouse has been on a roll, and in 2023 alone, they handled an incredible 5.2 billion transactions. That’s right – 5.2 billion!
CapWay, a fintech startup founded in 2016 by Sheena Allen, has officially closed its doors. The company aimed to provide financial services to underbanked communities, also known as “banking deserts,” but was ultimately unable to overcome significant funding and regulatory hurdles. In a LinkedIn post, Allen announced the closure, expressing pride in CapWay’s mission but […]
Lendsqr, a leading loan management software provider, has introduced an on-lending initiative aimed at boosting the capacity of Nigerian lenders to extend credit to their customers. This new initiative will set up a N1 billion line of credit, targeting lenders with state moneylender or cooperative licenses, allowing them access to the capital needed for sustainable […]
From mobile money services to cross-border payments and digital lending, these startups are providing millions of Africans with access to financial services that were previously out of reach.
As the fintech sector continues to grow and mature, we can expect to see even more groundbreaking innovations and positive impacts on Africa’s economic development.
Scale, a South African startup specializing in card issuing orchestration for fintechs, has raised $700,000 in pre-seed funding. The round was led by 54 Collective, a sector-agnostic venture capital firm, and First Circle Capital, a fintech-focused VC. Sunny Side Venture Partners and various angel investors also participated in the round.
Lesaka Technologies, a listed fintech company, has officially completed its acquisition of Adumo for a total consideration of R1.67 billion ($96 million). This deal significantly strengthens Lesaka’s payment processing capabilities, adding to its growing portfolio of fintech solutions across Africa. The acquisition was finalized with a combination of approximately 17 million Lesaka shares and a […]
Fincra, a top African payment provider, secured a TPPP licence in South Africa, expanding its innovative solutions to businesses.
LittleFish, a South African fintech startup focused on reconnecting banks with SMEs, has successfully closed its seed investment round. The funding round was led by TLcom Capital, with Flourish Ventures joining as a co-investor. This marks TLcom’s first investment in South Africa, having previously concentrated on East and West African markets. Expanding Fintech Services for […]
