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OppFi announces it will go public via SPAC
Opportunity Financial (OppFi) , the Chicago-based fintech that partners with banks to provide customer loans to those with low credit scores, has announced ...
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Klarna’s valuation set to triple to $30bn, says report
Klarna is currently working on a new share issue which could value the start-up at triple its $10 billion valuation somewhere between $25 ...
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LuLu Exchange and Federal Bank Enhance Cross-Border Payments Experience into India with RippleNet
RippleNet Cloud has made cross-border transactions into India from UAE faster and more reliable. At 3.5 million people, the United Arab Emirates is ...
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Angola: Standard Bank to raise stake in Angolan unit
Johannesburg-based Standard Bank has expressed interest in buying more shares in its Angolan unit after government authorities detained an investor and seized his ...
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First North American Bitcoin ETF Set to Trade on Toronto Stock Exchange
The first bitcoin exchange-traded fund (ETF) in North America has been approved to launch in Canada. Purpose Bitcoin ETF, an alternative mutual fund, ...
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Kenya records 56 million Cyber attacks in three months
Cyber attacks on Kenyan businesses increased by nearly 50% in the last quarter of 2020 compared to the same period in 2019. According to ...
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Nigeria Securities and Exchange Commission Clarifies position on Digital Assets
The Securities and Exchange Commission (SEC) of Nigeria has clarified the perceived policy conflict of it’s position on digital assets and the recent ...
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Kenyan paytech Popote raises funding from GreenHouse Capital
Kenyan paytech, Popote, has raised an undisclosed amount of funding from Lagos-based investment firm, GreenHouse Capital, to help it scale. Popote launched its ...
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BLOC Smart Africa fund secures capital from Ivory Coast & Luxembourg
The governments of Ivory Coast and Luxembourg are prepared to invest a total of €10 million ($12 million) into Bamboo Capital Partners’ BLOC ...
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Nigeria’s Xend Finance increases size of funding round to $2m
Nigerian fintech, Xend Finance, a decentralised finance platform for credit unions and cooperatives, has topped up its funding round to $2 million as ...