Seed-stage investment initiative Accion Venture Lab has added US$33 million to its initial capital pool, with the team estimating up to 30 per cent of this will go to fintech startups in emerging markets in Africa. Launched in 2012 with $10 million in capital, Accion Venture Lab is a leader in fintech impact investing at […]
Read MoreNigerian fintech startup GladePay has launched to help facilitate payment collections by merchants by allowing them to receive funds from multiple channels. Rolled out in beta in October of last year and formally launched this February, GladePay allows businesses to easily accept cross border payments with simple integration and high-end security, and also offers a […]
Read MoreStartups across Africa are launching a wide variety of solutions aimed at increasing access to payments and remittances services, but few are focusing on the security aspect. One company this is doing so is Nigerian fintech platform Vesicash. A digital escrow service, Vesicash was built to prevent digital fraud and disputes by providing payment security […]
Read MoreNigerian fintech startup Carbon, formerly Paylater, has begun charging users of its mobile wallet a one per cent transaction fee, saying volume of users had made a free offering unsustainable. 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 […]
Read MoreLagos base bitcoin exchange Bitmama has launched, providing a platform for traders to convert their fiat currency into crypto. Bitmama has launched allowing users to purchase only Bitcoin, but will be adding Ethereum, Stellar, Eos, Dash and Ripple in the coming months. The platform already has almost 400 users, having gone live in January, and […]
Read MoreThe volume of domestic money transfers via mobiles will exceed 203 billion in 2024, up from 130 billion in 2019. Domestic P2P payments will drive this growth; accounting for 80% of all domestic transfers in 2024. According to the new research,from Juniper Research, Digital Money Transfer & Remittances: Domestic & International Markets 2019-2024, domestic transfers […]
Read MoreSix Nigerian fintech startups have each received N3 million ($8,300) in equity-free funding after taking part in the ARM Labs corporate acceleration programme. The ARM Labs accelerator, managed by Ventures Platform, was designed to help idea and growth stage fintech companies commercialise and distribute their innovations. Startups were provided with co-working space and hands-on mentoring, […]
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