Africa

Africa is the world's second largest and second most-populous continent. At about 30.3 million km² including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area. With 1.2 billion people as of 2016, it accounts for about 16% of the world's human population.

Source: en.wikipedia.org

M-KOPA Raises $250 Million to Improve Financial Inclusion in Africa
M-KOPA Raises $250 Million to Improve Financial Inclusion in Africa
May 15, 2023  |  Investments

M-KOPA has raised $250 million to expand its financial services offering across sub-Saharan Africa. The Kenya-based company will use the new debt and equity funding to...

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Wasoko Expands African B2B eCommerce Marketplace Into Zambia
Wasoko Expands African B2B eCommerce Marketplace Into Zambia
May 11, 2023  |  eCommerce

B2B marketplace Wasoko has moved into Zambia as part of a broader expansion in Africa. “Launching its central hub in Lusaka, Wasoko’s operations will enable...

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Digital Escrow Helps Africa’s SMBs Bridge Trade Trust Deficit
Digital Escrow Helps Africa’s SMBs Bridge Trade Trust Deficit
May 10, 2023  |  Cross Border Commerce

An estimated $5 billion is lost annually in intra-African trade. And apart from the high trade costs associated with operating in a highly fragmented region,...

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Is M-Pesa Missing Link to Accelerating Kenya’s Real-Time Payments Adoption?
Is M-Pesa Missing Link to Accelerating Kenya’s Real-Time Payments Adoption?
May 05, 2023  |  Real-Time Payments

Kenya is known as the home of mobile payment system M-Pesa, and it is also one of the few African countries to have made significant...

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Nomba Raises $30 Million for ‘Bespoke’ Payment Solutions
Nomba Raises $30 Million for ‘Bespoke’ Payment Solutions
May 02, 2023  |  Payments As A Service

Nigeria’s Nomba has raised $30 million to move payments from the “generic” to the specific. “Despite the growth in digital payments across Africa, most businesses...

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Smile Identity Acquires Appruve to Expand Identity Verification Across Africa
Smile Identity Acquires Appruve to Expand Identity Verification Across Africa
April 26, 2023  |  Acquisitions

Smile Identity has acquired Appruve to expand its digital identity verification solution across Africa. In addition to buying Appruve’s parent company, Inclusive Innovations, Smile Identity is working to finalize...

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Payday Raises $3 Million for ‘Future of Work’ in Africa
Payday Raises $3 Million for ‘Future of Work’ in Africa
March 29, 2023  |  Investments

African neobank Payday is looking to new markets after raising $3 million. The funding, announced Wednesday (March 29), will help the company secure operational licensing...

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Africa’s Startup Future Requires VCs to Sell Investors on Potential
Africa’s Startup Future Requires VCs to Sell Investors on Potential
March 27, 2023  |  Africa

As the global banking and financial services sector take stock after the collapse of Silicon Valley Bank (SVB), there are many lessons to be learned,...

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Credable Raises $2.5 Million to Expand Digital Banking Platform
Credable Raises $2.5 Million to Expand Digital Banking Platform
March 20, 2023  |  Investments

Digital banking platform Credable wants to reach new markets after raising $2.5 million. The seed funding round, reported Monday (March 20) by TechCrunch, will help...

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