The round, led by Blockchain Capital, brings Yellow Card to US$85 million in completed equity financings JOHANNESBURG, South Africa, October 17, 2024/ — Yellow Card (https://YellowCard.io), the largest and first licensed Stablecoin on/off ramp on the African continent, today announced the closing of its Series C financing. The US $33 million equity financing was led […]
Paymob Partners with Oman’s Zumr to Digitize Money Circles for Financial Empowerment Muscat, Oman – Paymob, a leading Egypt-based digital payments platform, has announced a strategic partnership with Zumr, Oman’s innovative fintech solution for digitizing money circles (الجمعيات), in a move aimed at revolutionizing community-based savings and financial empowerment across the Sultanate. Money circles, or […]
Twist Platform Partners with Jumia Egypt to Offer Exclusive Entertainment Services on Twist TV App Cairo, Egypt – In a strategic move to enhance its digital entertainment services, Twist platform has signed a collaboration agreement with leading e-commerce giant Jumia Egypt. The partnership will make Twist TV’s extensive library of movies, series, and TV programs […]
Rabbit Mobility Secures $1.3M in Funding to Fuel Expansion Across Egypt and North Africa Egyptian micro-mobility startup Rabbit Mobility has raised $1.3 million in a new funding round led by prominent venture capital firm Global 500 and smart asset financing specialists Untapped Global. The round also saw participation from strategic angel investors and industry experts […]
Agenz Secures Investment from Renew Capital to Enhance Real Estate Market Transparency in Morocco October 15, 2024 – Agenz, a data-driven platform that delivers real-time property valuations and market insights in Morocco, has announced its latest undisclosed investment from Renew Capital. The funding will enable the platform to expand its reach and enhance its suite […]
Cairo, Egypt – Ahmed Nader, CEO of Geidea Egypt, has announced ambitious expansion plans for the company, targeting over 150,000 merchants across Egypt by next year, a significant increase from its current base of 70,000. Speaking to Al Borsa newspaper, Nader outlined Geidea’s strategic vision for becoming the leading player in the country’s electronic payments […]
LILONGWE, Malawi, October 14, 2024/ — Leading financial services platform Mukuru (www.Mukuru.com), which serves customers around the world with world-class fintech technology, has announced the launch of its new mobile wallet in Malawi, the Mukuru Wallet. This move is in line with the business’s unwavering commitment to Malawi and responds to the growing demand for […]
In a move aimed at strengthening financial stability and enhancing the role of non-banking financial institutions in Egypt’s national economy, the Financial Regulatory Authority (FRA) has announced a one-year suspension on accepting new applications for the establishment and licensing of companies looking to engage in traditional microfinance and consumer finance activities. This suspension also applies […]
October 14, 2024 – Cairo, Egypt: In a major development aimed at advancing the FinTech landscape in Egypt, TechLine has entered into a strategic partnership with Raya Data Center, a subsidiary of Raya Holding for Financial Investments. This collaboration is set to deliver comprehensive IT and cybersecurity solutions tailored to meet the evolving needs of […]
Cairo, Egypt – Emirates NBD Egypt has signed a new EGP 400 million financing contract with the Alexandria Business Association (ABA), marking a significant step towards expanding microfinance services to individuals and small businesses across Egypt. The collaboration aims to enhance financial inclusion and accelerate economic development in line with the strategic goals of the […]