Fintech
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$8 million to deepen customers’ Affinity for digital banking.
The Ghana-based digital bank Affinity has secured a $8 million seed round co-led by European VC firms Grazia Equity (Germany) and BACKED VC (London). Other investors that participated in the round include Enza Capital, Launch Africa, Renew Capital, FINCA Ventures, Attijariwafa Ventures, Impact Assets and Eldon Capital, an early backer. What does the company do?…
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Figtech partners StarLife Assurance to boost life insurance penetration.
Figtech, a fast-growing digital financial services marketplace, has partnered with StarLife Assurance, one of Ghana’s leading life assurance companies, to expand access to life insurance products and improve insurance penetration in the country. This partnership follows Figtech’s recent acceptance into the National Insurance Commission’s (NIC) regulatory sandbox, which positions the company as one of the…
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Chipper Cash partners InvestCorp to enable users to invest in mutual funds.
Chipper Cash, the payment service company, has partnered with InvestCorp to expand its range of financial products. This partnership follows Chipper Cash’s recent acquisition of a broker-dealer license from the Ghana Securities and Exchange Commission, signaling its entry into the investment space. As part of the collaboration, Chipper Cash users will now have seamless access…
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This Week in StartupGhana #31: Ghanaian startups raised $127 million in 2024.
Ahead of our 2024 Ghana Innovation & Startup Ecosystem Report release, we’re sharing some key insights with our valued readers. Our report reviews Ghana’s startup scene, highlighting success, challenges and key trends that shaped the ecosystem in the fiscal year. In 2024, the Ghanaian startup funding ecosystem experienced a remarkable year, with startups raising $127…
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Accrue secures $1.58 million seed round to make cross-border payments seamless.
Accrue, the cross-border infrastructure platform has a $1.58 million seed round to power cross-border payments in Africa. The round was led by Lattice Fund, with participation from Maven 11, Lava, Kraynos Capital, Distributed Capital, and other strategic angel investors. The funding will enable the company to expand its payment infrastructure across Africa, enhance product offerings,…
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Tendo Technologies advances to the acceleration phase of the timbuktoo Fintech Accelerator.
Tendo Technologies has been selected among the 20 finalists advancing to the Acceleration Phase of the timbuktoo Fintech Accelerator Programme. The finalists were chosen from the inaugural cohort of 45 innovators who participated in the boot camp to shortlist the startups with the most potential. Over the next five months, the Acceleration Phase will focus…
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Nsano appoints Priscilla Hazel as CEO, succeeding Kofi Owusu-Nhyira.
Nsano has announced the appointment of Priscilla Hazel as its new Chief Executive Officer, marking a key leadership transition as Kofi Owusu-Nhyira steps down from the role. This change ushers in a new phase for the fintech leader as it continues to innovate and grow in Africa’s digital payments space. From its beginnings in a…
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Ghana’s WeWire selected for the Visa Africa Fintech Accelerator.
Ghana-based fintech startup WeWire has been selected for the third cohort of the Visa Africa Fintech Accelerator. The startups will gain access to tools, connections, and expertise to scale their solutions, aligning with Visa’s ongoing investment in Africa’s digital transformation. This year’s cohort includes 19 fintech innovators from 21 African countries, spanning diverse sectors such…
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Ghana’s Oze and Nyla Bank named semifinalists in the 2024 Milken-Motsepe Fintech Prize
Two Ghana-based fintechs, Oze and Nyla Bank, have advanced to the semifinalist stage in the Milken-Motsepe Prize in Fintech, joining eight other teams from across Africa and the United Kingdom. Each semifinalist team will receive $100,000 in funding to support developing and scaling innovative financial solutions that advance financial inclusion in emerging and frontier markets.…
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Fido secures $30 Million Series B round to expand its credit services to individuals and MSMEs.
Fido, a digital lender operating in Ghana and Uganda, has raised $30 million in a Series B round to expand its financial services to individuals and small and medium-sized enterprises (MSMEs). The round includes a $20 million equity investment from global impact investment manager BlueOrchard and the Dutch entrepreneurial development bank FMO, alongside $10 million…