The UNICEF Innovation Fund is looking to make equity-free investments of up to US$100,000 in early-stage blockchain startups that have the potential to benefit humanity. UNICEF runs a host of different innovation fund, with the latest one open to any startup registered in one of UNICEF’s programme countries with a working, open-source blockchain prototype that […]
Read MoreFintech startup Wallets Africa has secured an undisclosed amount of funding from a host of investors as it prepares to expand usage of its product to more African countries. Founded in 2018, Wallets Africa allows people and companies to send and receive money, and make payments, using their phone numbers. The startup took part in […]
Read MoreLatest statistics has shown that the value of transactions processed by virtual cards will more than treble over the next 5 years; increasing from an anticipated $1.6 trillion in 2020. Virtual cards are temporary, random digital card numbers that replace core payment details for specific online transactions. The report, Virtual Cards: Consumer & Business Adoption, […]
Read MoreDigital banking startup Sparkle has been launched in Nigeria by former Diamond Bank chief executive officer (CEO) and tech entrepreneur Uzoma Dozie, aimed at providing seamless solutions to Nigerian individuals, SMEs and retailers. Sparkle, which has been granted a banking license from the Central Bank of Nigeria (CBN), offers comprehensive support for individuals, including flexible […]
Read MoreConsumer lending platform Carbon, and a fintech startup has launched Carbon Express, a keyboard extension that allows customers to access its services from within whatever app they are using. Rebranding last year as parent company OneFi, it has transited into being a full digital banking platform after raising $5 million in debt funding and acquiring […]
Read MoreIn response to the escalating global pandemic, Y’ello Digital Financial Services (YDFS), a subsidiary of MTN Nigeria, has waived user fees for Cash2Cash – a local money transfer service offered by its MoMo Agent Network. The waiver, which takes effect immediately, enables people without a bank account to send and receive money across the country […]
Read MoreThe total number of digital banking users will exceed 3.6 billion by 2024, up from 2.4 billion in 2020; a 54% increase. This growth will be driven by the rise of digital-only banks and the ongoing focus on digital transformation by established bank brands. The new research, from Juniper Research, Digital Banking: Banking-as-a-Service, Open Banking […]
Read MoreFintech startup Carbon has set up a US$100,000 pan-African fund to address the lack of funding and support holding back entrepreneurs on the continent. Consumer lending platform Carbon, which rebranded in April as parent company OneFi continues to transition into being a full digital banking platform after raising US$5 million in debt funding and acquiring […]
Read MoreThe Nigerian Communications Commission (NCC) and the Nigerian Postal Services (NIPOST) have met to discuss key areas of collaborations between the two agencies towards strengthening delivery of their respective mandates and synergising to advance the digital economy agenda of the Federal Government. This was the highlight of deliberations during a courtesy by senior management officials […]
Read MoreEcobank Group, the pan-African banking group, is inviting African fintech entrepreneurs to enter the 3rd edition of the Ecobank Fintech Challenge. The Fintech Challenge gives African start-ups the opportunity to promote their fintech solutions, and potentially partner with Ecobank to roll-out their solutions across Ecobank’s 33 markets in Africa as well as France. Ecobank welcomes […]
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