South Africa

South Africa is a country on the southernmost tip of the African continent, marked by several distinct ecosystems. Inland safari destination Kruger National Park is populated by big game. The Western Cape offers beaches, lush winelands around Stellenbosch and Paarl, craggy cliffs at the Cape of Good Hope, forest and lagoons along the Garden Route, and the city of Cape Town, beneath flat-topped Table Mountain.

Mastercard Investment Values MTN’s FinTech Group at $5.2 Billion
Mastercard Investment Values MTN’s FinTech Group at $5.2 Billion
August 14, 2023  |  Investments

South African telecom MTN now counts Mastercard among its investors. The company announced Monday (Aug. 14) that the payments giant had agreed to a minority investment in its FinTech group, valuing...

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Moove Raises $76 Million to Provide Financial Services for Mobile Gig Workers
Moove Raises $76 Million to Provide Financial Services for Mobile Gig Workers
August 10, 2023  |  Gig Economy

Moove has secured $76 million in new funding to expand its financial services platform for mobility gig workers. The new funding consists of $28 million in...

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Real-Time Payments Taking Hold From South Africa to Sweden
Real-Time Payments Taking Hold From South Africa to Sweden
August 01, 2023  |  Real-Time Payments

The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch...

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Tyme Raises $77.8 Million to Grow South Africa, Philippines Operations
Tyme Raises $77.8 Million to Grow South Africa, Philippines Operations
May 24, 2023  |  Investments

Digital banking group Tyme has raised $77.8 million in a pre-Series C capital raise. The Singapore-headquartered firm will use the new funding to continue growing its operations in South...

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South Africa’s RTP Scheme Hopes to Turn Highly Banked, Cash-Centric Consumers Into RTP Users
South Africa’s RTP Scheme Hopes to Turn Highly Banked, Cash-Centric Consumers Into RTP Users
April 10, 2023  |  Digital Payments

Compared to other African markets which have high levels of unbanked populations, more than 80% of South Africa’s population has access to a bank account....

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Planet42 Raises $100M to Expand Rent-to-Own Car Fleet
Planet42 Raises $100M to Expand Rent-to-Own Car Fleet
February 22, 2023  |  Investments

Rent-to-own car startup Planet42 hopes to add to its fleet after raising $100 million. The South African company also hopes to use the capital to...

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InsurTech Naked Looks to New Markets After $17M Series B
InsurTech Naked Looks to New Markets After $17M Series B
February 15, 2023  |  Insurance

South Africa’s Naked has raised $17 million to tap into the world’s growing InsurTech market. The Series B funding, reported Wednesday by TechPoint, will help...

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Nokia to Deploy Communication Infrastructure to Connect 8 African Countries
Nokia to Deploy Communication Infrastructure to Connect 8 African Countries
February 02, 2023  |  emea

Nokia will deploy new digital infrastructure connecting Southern and Eastern Africa. The Finnish telecommunications company announced on Thursday (Feb. 2) that it has been selected...

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Finclusion Group Rebrands as Fin, Nets $2M Startup Funding
Finclusion Group Rebrands as Fin, Nets $2M Startup Funding
December 28, 2022  |  Investments

The African FinTech group Finclusion Group has received $2 million in startup funding. The latest investment coincides with a company-wide rebranding with the group now...

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