Faulu Microfinance Bank has announced a strategic refocus aimed at bolstering its digital banking capabilities and optimizing its operational structure to foster sustainable growth. Supported by a significant investment of over Ksh 900 million from its parent company, Old Mutual, Faulu is poised to enhance its digital finance offerings and streamline its distribution channels.
Colombian fintech pioneer Minka is embarking on a bold expansion into Eastern and Southern Africa, underscoring its commitment to revolutionizing payments infrastructure across the Global South. Led by CEO Domagoj Rozic, Minka aims to address challenges such as low financial inclusion and outdated payment systems prevalent in the region. Rozic emphasized, “Our mission is to create efficient, interoperable payment solutions that benefit society, building on our success in Latin America.”
Safaricom, a leading Kenyan telco, has donated $116,279 to assist protest casualties and hospitals, demonstrating its commitment to community support in times of crisis. The donation includes $77,518 allocated to the hospital’s Disaster Response Centre and $38,759 for assistive gadgets for injured victims, aiding those hospitalized. This generous contribution will also provide affected individuals with…
Stitch and Ozow have partnered with Absa Bank to launch Absa Pay, a cutting-edge payment solution for enterprise merchants.
African money transfer leaders Dahabshiil and M-Pesa Safaricom-Ethiopia have forged a strategic partnership to facilitate direct remittances to M-Pesa mobile wallets in Ethiopia. This landmark agreement, signed in Addis Ababa, promises simplified and secure money transfers for the Ethiopian diaspora, enhancing efficiency and ensuring faster transaction speeds.
Cadana, a leading fintech startup, has just announced a significant milestone with the closing of a $7.1 million seed funding round led by Costanoa Ventures, alongside Better Tomorrow Ventures and 500 Startups. This funding is set to propel Cadana’s mission to revolutionize payroll services catering to international hiring platforms and financial institutions across emerging markets.
Pyypl, a leading fintech in the Middle East and Africa (MEA), has announced a groundbreaking partnership with Visa to issue virtual and physical Visa cards through its mobile application. This collaboration aims to provide direct access to digital payments for users across the region, significantly enhancing financial inclusion.
dLocal, a leading cross-border payment processor, has finalized a partnership agreement with Kenyan Commercial Bank (KCB), marking a significant milestone in its expansion strategy. This partnership comes more than a year after dLocal secured payment service provider licenses from the Central Bank of Kenya (CBK).
