Africa's largest fintech app hits 50M active users; 500K businesses transact more than $7B every month
Welcome to The Draft, a Techloy weekly series that highlights the most interesting business and financial stories in the technology
UK-based fintech startup Sendit wants to fix remittance inequality across the world
For years, people living in developed countries have enjoyed low money transfer fees when sending funds to their families and friends in developing countries.
South African fintech startup, Pineapple raises $3.4 million
South African fintech startup, Pineapple has raised R80 million ($3.4 million) in Series A funding to expand further into
South Africa's Yoco raises $83 million
South Africa's Yoco says it has raised a Series C funding round of $83 million (R1.23 billion) to accelerate
Somalia gets Visa access to unlock financial services
The International Bank of Somalia has launched the first-ever Visa card service in the country to offer Somalis quick and
Payment company, Flutterwave appoints Regulatory lead
Africa-focused payments company, Flutterwave has appointed former MTN, Visa, and IHS Tower regulatory affairs specialist, Bankole Falade, as its new
Nigerian fintech, Lidya secures $8.3 million in a pre-Series B round
Nigerian lending startup, Lidya says it has secured $8.3 million in a pre-Series B funding round led by Alitheia Capital via its uMunthu Fund, bringing its total funds raised to $16.5 million to date.
The Draft: Zipline raises $250 million to expand its medical supplies delivery across Africa
Keep up with the business and financial stories that matter in the technology industry across emerging markets globally on The Draft, curated by Techloy Editor: Loy Okezie
Nigerian fintech startup, Carbon inks five-year Visa deal
Pan-African fintech company, Carbon says it has signed a strategic five-year deal with Visa to offer both digital and physical issuance of Visa cards to its customers.
Nigeria's Cowrywise gets a fintech license; plans to onboard 10 million retail investors by 2025
Nigeria-based fintech company Cowrywise has been issued a licence as a fund and portfolio manager by the Securities and Exchange Commission (SEC).