Fintech
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Ghana Banks, SDIs, and Fintechs lost almost GHS 100 million to fraud in 2024.
Ghana’s financial sector suffered a staggering GH¢99 million in fraud losses last year, with banks, specialized deposit-taking institutions (SDIs), and payment service providers (PSPs) each facing unique threats, according to the Bank of Ghana’s newly released 2024 Fraud Report. Commercial banks absorbed the heaviest blows, suffering a loss of GH¢75 million, a 19% increase from…
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Zeepay secures $18 million debt to finance its working capital and drive growth.
Zeepay, a fast-growing player in the digital remittance and mobile money market, has secured $18 million in debt funding, according to a report by Africa Global Funds. The investment, arranged by the South Africa-based financial advisory firm Verdant IMAP, signals strong market confidence in Zeepay’s cross-border payment solutions and growth strategy across Africa. The investment,…
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5 Ghana-based startups make the 2025 Yale Africa Startup Review list of innovators.
Five homegrown startups have earned coveted spots on the 2025 Yale Africa Startup Review (YASR30), an annual list celebrating Africa’s most innovative and high-potential ventures. The annual YASR30 list spotlights startups with the potential to reshape entire industries. A distinguished panel of venture capital judges evaluates submissions based on innovation, scalability, and societal impact. This…
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Ex-mPharma CFO Nana Dufie Addo launches new wealth planning fintech “Celerey”.
The former Chief Financial Officer of mPharma, Nana Dufie Addo, has announced the launch of her new venture, Celerey, an AI-powered wealth planning platform that provides personalized advice and on-demand consultations with accredited finance experts to help individuals make informed financial decisions. Wealth planning and management have traditionally been reserved for the affluent, leaving many professionals, entrepreneurs, and…
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Ghana Fintech Awards honours 24 players.
The highly anticipated Ghana Fintech Awards, a collaborative effort by the Ghana FinTech and Payments Association, KPMG, and Arkel Limited, was held at Labadi Beach Hotel on 1st March 2024 to celebrate the efforts and achievements of fintech companies and stakeholders as they strive to build a competitive and sustainable ecosystem. Over 80 individuals and…
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WeWire’s Ebenezer Ghanney adjudged Young Fintech Leader of the Year at 2024 Ghana Fintech Awards.
Ebenezer Ghanney, Co-founder and CEO of WeWire, has been honoured as the Young Fintech Leader of the Year at the 2024 Ghana Fintech Awards. The ceremony, held at the Labadi Beach Hotel, celebrated individuals and organizations driving innovation and financial inclusion in Ghana’s fintech landscape. Ghanney emerged victorious in a highly competitive category, surpassing notable…
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Ladder adjudged Fintech Startup of the Year at the 2024 Ghana Fintech Awards.
The AI-powered wealth management company Ladder was adjudged as the Fintech Startup of the Year at the just-ended Ghana Fintech Awards. The ceremony, which took place at the Labadi Beach Hotel, celebrated the contributions of fintech companies, individuals, and institutions driving innovation and financial inclusion in Ghana. Ladder emerged victorious in a highly competitive category,…
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Oze, the AI-powered digital lending software gets fresh funding from Visa and DEG.
Oze, the AI-powered digital lending software for financial institutions and SMEs, has secured new funding from global payment leader Visa and German development finance institution DEG. Existing investors, including Speedinvest and AfricInvest through its Cathay AfricInvest Innovation Fund, also participated in the round. While the total amount raised was not disclosed, public records indicate that…
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BlueSPACE Financial Cloud launches Ghana’s first USSD auto insurance marketplace
BlueSPACE Financial Cloud, in partnership with MTN MoMo, CALBANK, Rudder Brokers and other leading insurance providers in Ghana, has officially launched BeINsured, Ghana’s first USSD-based auto insurance marketplace. BeINsured eliminates the traditional barriers associated with auto insurance, such as paperwork, long queues, and complex payment processes. With this platform, drivers can access multiple insurance options,…
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Ghana-based KYC fintech Regulon gets backing from Baobab Accelerator.
Regulon, a company simplifying business onboarding and automating compliance for fintechs across Africa and the UK has been selected to join the Baobab Accelerator. As part of the three-month accelerator programme, Regulon will receive a $100,000 investment in exchange for 12.5% equity. Additionally, the programme will provide hands-on support, consulting, and access to a global…