With $150M worth of loans already disbursed, Fintech startup Fido’s series-A funding round accelerates the company’s growth ahead of Africa expansion. Fido will also use the funds to establish an R&D center and tech hub in Ghana.

T40 Technologies, a Lagos, Nigeria-based Inter-City Transportation and Logistics tech startup, raised an undisclosed amount in Pre-Seed funding.

Founded in 2021 Duhqa is a B2B retail tech platform that empowers informal African merchants to digitally source and pay for inventory, get delivery conveniently, and access short-term financing.

Kenya has the largest share of its population with cryptocurrencies in Africa, says the United Nations, pointing to the country’s exposure to the ongoing meltdown in the crypto market.

Visa, a world leader in digital payments, announced that it is partnering with Flocash, FT Africa’s fastest Capabilities growing fintech 2022, to promote digital capabilities for African SMEs through digital payments, supplier solutions and access to financial services.

After years of sustained growth, the mobile money sector in Africa is changing. Up until recently, mobile money has been seen as a substitute for cash and a convenient way to transfer money without the need for a bank account.

The scramble is on for Zimbabwe’s billion-dollar remittance industry with local and international fintech institutions vying for a share of the pie against legacy banks and traditional money transfer agencies.

To spur financial inclusion and support economic growth in Senegal and Côte d’Ivoire, global development institution, IFC has announced an investment in Wave Mobile Money S.A. (Senegal) and Wave Côte d’Ivoire S.A., mobile money firms that are helping lower prices...

Ride-hailing firm Bolt has launched its African hub in Nairobi, joining a growing list of tech companies that have set their eyes on Kenya to expand in the region.