Kenya

Kenya’s Supply Chain Financing FinTech IMFact Nets $4M
Kenya’s Supply Chain Financing FinTech IMFact Nets $4M
December 27, 2021  |  Investments

Kenyan FinTech company IMFact, which uses supply chain financing to provide working capital to microbusinesses and small- to medium-sized businesses (SMBs), has received an investment...

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Kenya’s Digital Banking Startup Kwara Raises $4M Seed Funding to Launch Credit Union
Kenya’s Digital Banking Startup Kwara Raises $4M Seed Funding to Launch Credit Union
December 09, 2021  |  Financial Inclusion

Digital banking startup Kwara raised $4 million in a seed funding round to further develop its neobank app in Kenya and turn traditional savings cooperatives...

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FinTech Asilimia Closes $2M Pre-Seed Funding to Grow Beyond Kenya
FinTech Asilimia Closes $2M Pre-Seed Funding to Grow Beyond Kenya
November 24, 2021  |  Startups

FinTech startup Asilimia raised $2 million in a pre-seed funding round, with $1 million coming from a wide range of European Angel investors and $1...

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Equity Group Debuts $4.5B Pandemic Business Recovery Initiative
Equity Group Debuts $4.5B Pandemic Business Recovery Initiative
November 08, 2021  |  International

Kenya-based Equity Group Holdings announced Monday (Nov. 8) the debut of a 500-billion shilling ($4.5 billion) loan effort aimed at pulling small- to medium-sized businesses...

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East Africa’s Pesapal Can Operate In Kenya, Tanzania After Getting Approvals
East Africa’s Pesapal Can Operate In Kenya, Tanzania After Getting Approvals
August 22, 2021  |  Digital Payments

Kenya-based Pesapal, a provider of payments processing services — primarily point of sale (POS) — is touting two recent approvals for conducting business in major...

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The Complex Ecosystem Of B2B Payment Delays
The Complex Ecosystem Of B2B Payment Delays
May 10, 2021  |  B2B Payments

The late supplier payments fight is a lofty one, particularly for smaller vendors. But it’s only one part of a bigger challenge in the often...

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Visa, Moneta Team To Enhance Digital Payments In Ethiopia, Kenya
Visa, Moneta Team To Enhance Digital Payments In Ethiopia, Kenya
April 19, 2021  |  International

Moneta Technologies’ Amole, Ethiopia’s mobile eWallet platform, has teamed up with Visa to launch a strategic partnership that supports digital payments in the region, according...

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Kenya’s Central Bank Seeks To Govern Digital Lending Interest Rates
Kenya’s Central Bank Seeks To Govern Digital Lending Interest Rates
July 24, 2020  |  Loans

The central bank of Kenya is putting forward new legislation to govern interest rates charged for digital lenders’ loans. Online lenders will need the green...

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Loon Goes Live In Kenya Providing Internet Access Through Balloons
Loon Goes Live In Kenya Providing Internet Access Through Balloons
July 08, 2020  |  International

Loon, the balloon-centric project attempting to connect people to the internet, is live in Kenya, according to Alastair Westgarth from the company in a Medium...

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