Fintech
Africa: Interswitch Ignites Startup Growth with Ecosystem Innovation Mixer
Interswitch Group recently hosted the inaugural edition of its Startup Innovation Mixer at the Interswitch Innovation Hub, located within the company’s Lagos headquarters. ...
Fintech
Global: Wise Penalized Over $2 Million by CFPB for Misleading Fee Disclosures
Global money transfer platform Wise has been ordered to pay $2.025 million in penalties by the Consumer Financial Protection Bureau (CFPB) for misleading ...
Fintech
Global: Cedar Money Secures $9.9M to Enhance Stablecoin-Powered Cross-Border Payments
Cedar Money, a cross-border stablecoin payments platform, has raised $9.9 million in a seed funding round led by QED Investors. The round also ...
Fintech
Global: LemFi Expands European Footprint with Acquisition of Irish Currency Exchange Bureau Buttercrane
LemFi, a leading financial technology company specializing in global accounts, money transfers, and currency conversion for immigrants, has secured regulatory approval from the ...
Africa
Africa: NjiaPay Secures $1M+ Pre-Seed Funding to Enhance Payment Solutions for African Businesses
NjiaPay, a Payments-as-a-Service provider dedicated to streamlining digital transactions across Africa, has successfully closed an oversubscribed $1 million+ pre-seed funding round. The investment ...
Fintech
Kenya: Safaricom Expands M-Pesa’s Financial Services with Launch of Ziidi Money Market Fund
Kenyan telecom giant Safaricom has unveiled the Ziidi Money Market Fund (MMF), a new investment solution designed to empower M-Pesa users with accessible ...
Fintech
Global: Yavrio Secures $2.4 Million to Revolutionize Enterprise Banking with Open Banking Integration
London-based open banking fintech Yavrio has secured $2.4 million in seed funding to transform enterprise resource planning (ERP) systems by embedding seamless banking ...
Fintech
Nigeria: Stanbic IBTC to Bolster Zest Payments with ₦4 Billion Investment for Fintech Expansion
Stanbic IBTC Holdings Plc, a subsidiary of Standard Bank Group, is set to inject ₦4 billion ($2.48 million) into its fintech arm, Zest ...
Fintech
Global: KuCoin to Suspend U.S. Operations Following Legal Settlement
Cryptocurrency exchange KuCoin will exit the United States market for a minimum of two years after its operator, Seychelles-based Peken Global Limited, pleaded ...
Fintech
South Africa: Stitch Expands Into In-Person Payments with ExiPay Acquisition
South African fintech leader Stitch, widely recognized for its innovative digital payment solutions, has announced the acquisition of ExiPay, a startup specializing in ...