HUB2, a fintech startup from Ivory Coast, has secured $8.5 million in funding to expand its payment infrastructure and become the leading payment platform for Francophone Africa.
A new survey reveals that more Kenyans are opting for traditional banking services, with mobile banking usage decreasing from 34.4% in 2021 to 31.2% in 2024, despite Africa's rising trend towards mobile banking.
A recent survey shows a decline in mobile banking usage in Kenya, with more individuals opting for traditional banking services, particularly among older adults and rural populations.
Kenya's Parliament Finance Committee has proposed an 8-year deadline for commercial banks to meet new capital requirements, citing concerns over the initial 3-year timeline's potential impact on smaller lenders.
KPay, a one-stop financial management platform, raises $55 million in Series A funding to expand its services and improve the merchant experience in Asia
After a decline in funding, Latin American fintech startups are experiencing a resurgence, with $2.6 billion invested across 174 deals in 2024, a 73% increase from 2023.
London-headquartered fintech M-KOPA is racing towards a major milestone, surpassing $400 million in annual revenue, despite harsh economic conditions, with its pay-as-you-go asset financing platform serving 5 million underbanked Africans.
Meta platforms face outage, Nigerian fintechs struggle with regulations, and Apple Pay expands to Egypt in a busy week for tech news
Indian fintech startup MobiKwik reduces IPO size, valuing company at $250 million, down from $924 million private valuation
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