Banking & Fintech – Page 20 – Hakuna Matata Media

IFC Broadens Remittance Partnership with TerraPay

2 years ago2 years ago03 mins

In a significant move to enhance access to affordable remittances across Africa, the International Finance Corporation (IFC) has unveiled a substantial $75 million financing package for TerraPay, a leading digital payments service focused on the continent. The financing comprises a $30 million loan from IFC’s own account, a $15 million B Loan from ILX under IFC’s B Loan Program, and a parallel $30 million loan from development finance institutions OP Finnfund Global Impact Fund I and BIO.

BARD Santner Launches Remittance Platform in Zimbabwe

2 years ago2 years ago03 mins

Zimbabwe’s BARD Santner Incorporated has launched TX Money Transfer, a new remittance platform aimed at enhancing reliability, transparency, and collaboration in the financial sector. The platform seeks to eliminate hidden costs, improve service efficiency, and address long-standing challenges that impact clients.

Payaza Rebrands to Connect African Businesses Globally

2 years ago2 years ago02 mins

Exciting News in the Payment Industry! Payaza, a leading African payment solutions provider, unveils its bold rebranding strategy to propel global expansion and innovation.

CPF Achieves Assets Totaling Sh73.1 Billion

2 years ago2 years ago02 mins

CPF Financial Services has announced a 5.3% rise in net assets for the year ending December 2023, reaching Sh73.1 billion, up from Sh69.4 billion. This impressive growth is largely driven by strategic investments, particularly in government securities, fixed deposits, and real estate.

Africhange, Nigerian Remittance Provider, Launches in UK

2 years ago2 years ago03 mins

Africhange, a leading Nigerian remittance services provider, has expanded its operations with a launch in the United Kingdom (UK), enhancing its global footprint. The platform, accessible via website or mobile app, empowers users to seamlessly send money across borders, initially focusing on corridors between Canada, Nigeria, Australia, and the UK.

Nala Secures $40M in Series A Funding

2 years ago2 years ago03 mins

Nala, an African remittance startup, has raised a remarkable $40 million in Series A funding, marking one of the largest transactions of its kind in Africa. This round, oversubscribed and led by Acrew Capital, with support from DST Global and other notable investors, underscores confidence in Nala’s vision and growth potential.

Kingdom Bank Launches 22nd Branch in Meru

2 years ago2 years ago03 mins

Kingdom Bank has expanded its footprint in Kenya with the opening of its 22nd branch in Meru County, marking the third branch launch this year. This strategic move underscores the bank’s commitment to supporting the vibrant agricultural community and fostering local business growth in the region.

Women’s World Banking Furthers Efforts in Women’s Financial Inclusion

2 years ago2 years ago03 mins

Women’s World Banking has hosted an impactful event bringing together industry leaders, policymakers, and advocates from across Africa to address the urgent need to empower nearly one billion women excluded from formal financial systems worldwide. The event underscored the critical barriers and opportunities surrounding women’s financial inclusion and the pivotal role of leadership in driving meaningful change.