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 […]
Happy Pay, a rising star in the Buy Now, Pay Later (BNPL) space, just secured R32 million ($1.8 million) in pre-seed funding! 🎉 This round was co-led by E4EAfrica and 4Di Capital, with participation from DotExe Ventures, Launch Africa Ventures, Equitable Ventures, and others. Backed by Fin Africa , Happy Pay is gearing up to […]
Xero, the global leader in accounting software, has just announced its acquisition of South Africa’s very own Syft Analytics in a deal worth up to $70 million! 🌍💡 This marks a major milestone for both companies and a huge win for the South African tech ecosystem. 🎉 Founded in Johannesburg in 2016 by Eleftherios Kyriazis, […]
But before we dive into the great news, let’s pause for a moment… Did you know that 41% of the world’s population still lacks reliable internet access? Shocking, right? Now, what if I told you there’s a South African startup actively changing the game—allowing affordable calls to any mobile or landline number in the world? […]
In October 2024, the vibrant city of Cape Town will host one of the most anticipated events in the world of cryptocurrency and blockchain. From October 10-12, the iconic DHL Stadium will transform into the heart of Crypto Fest 2024, where innovation, inspiration, and insight collide. The event will immerse attendees in the latest advancements […]
Let’s talk about the 2024 Finovate Awards and how Omnisient made Africa shine on the global stage! This South African startup recently secured $7.5 million in Series A funding from Arise. At the prestigious Finovate Awards, where the world’s top innovators in fintech are celebrated, Omnisient made history by winning the Excellence in Financial Inclusion […]
