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Tag Archives: Fintech

PalmPay launches in Nigeria on $40M round led by China’s Transsion

Africa-focused payment startup PalmPay has launched in Nigeria after raising a $40 million seed round led by Chinese mobile-phone maker Transsion. The investment came via Transsion’s Tecno subsidiary, with participation from China’s NetEase and wireless comms hardware firm Mediatek — a Transsion spokesperson confirmed to TechCrunch. PalmPay had piloted its mobile fintech offering in Nigeria since July, before …

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AlphaCode Awards R450 000 to a FinTech Startup Jamii Cities

Jamii Cities, a platform that connects the needs of the best tenants with the best landlords, has been awarded an additional R450 000 of grant funding by AlphaCode. This was after Jamii Cities and other startups completed a AlphaCode Incubate programme, one year of intensive mentorship, startup principles bootcamps and being connected …

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AfricaCom will include exhibition split into technology zones

An exhibition split into technology zones is to run alongside this year’s AfricaCom. AfricaTech will take over the whole of CTICC 2 within the Cape Town International Convention Centre, with the zones and premium conferences dedicated to Internet of Things, Blockchain, Artificial Intelligence, fintech, cloud computing and data centres. There …

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The Brief: Rockefeller’s impact manager, e-Winnebagos, inclusive growth grants, fintech catalysts, off-grid in Africa, startup cities

Featured: ImpactAlpha Original Rockefeller’s $60 million impact fund manager leverages ‘catalytic capital’ for scale. On the hunt for billion-dollar innovations to meet the Sustainable Development Goals, the Rockefeller Foundation has spotted more than a few such potential unicorns. Possible investors to its “Zero Gap” grant portfolio, raised an obvious objection: “If …

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Nigerian online-only bank startup Kuda raises $1.6M

Nigerian fintech startup Kuda — a digital-only retail bank — has raised $1.6 million in pre-seed funding. The Lagos and London-based company recently launched the beta version of its online mobile finance platform. Kuda also received its banking license from the Nigerian Central Bank, giving it a distinction compared to other fintech …

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