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Tag Archives: Fintech

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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Accion Venture Lab Launches $23m Fintech Startup Fund

Accion Venture Lab raised a whopping $23 million inclusive financial technology startup fund designed to make seed investments for startup businesses. Accion Venture Lab is Accion’s non-profit investment department. Besides the department, other investors are supporting the project. According to Tech Crunch, companies such as the Ford Foundation, Proparco, and …

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Alphacode provides R23m in loans to three black-owned fintech startups

Fintech accelerator AlphaCode announced today that it has provided R23-million in funding under the BEE code of good conduct’s supplier development element, to three SA fintech startups, Zande Africa, Bright On Capital and Livestock Wealth. The Johannesburg based accelerator is an initiative of Rand Merchant Investment Holdings (RMI). Zande Africa and Bright On each received about R10-million, …

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Fintech Nomanini raises $4m in funding round led by Standard Bank

CAPE TOWN, —Nomanini, the pioneering fintech platform for the informal retail ecosystem, has today announced a $4m funding round led by Standard Bank, Africa’s largest bank, and completed by Goodwell Investments, an Amsterdam-based investment firm focused on fintech and financial inclusion. Through the terms of the strategic investment, Standard Bank gains a …

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AlphaCode awards R16m to eight fintech start-ups

Eight high-potential fintech start-ups have been awarded R2 million each in entrepreneurial packages by the AlphaCode Incubate initiative. The start-ups each won R1 million in cash and R1 million worth of mentorship. The winners were announced last week at an event during which they had to pitch their businesses as part …

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