Fintech
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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
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Zeepay secures $3 million to strengthen its financial position and support its growth.
Zeepay has secured additional $3 million from Verdant Capital Hybrid Fund as part of its Series A.5 funding round. Verdant Capital Hybrid Fund provided a preferred equity investment for the round, making them the fifth institutional shareholder of the company. According to the Managing Director, Andrew Takyi-Appiah “the new funding raised will be used to
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Ghana Fintech Awards honours 31 fintech 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 9th 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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Government to set up a Fintech Innovation Fund to foster innovation and spur growth of the industry.
The Governor of the Bank of Ghana, Dr Ernest Addison, has announced the government’s intention to create an Innovation Fund to promote the development of the fintech industry. Speaking on the challenges of the country’s fintech industry at the launch of the 3i Africa Summit, Dr Addision emphasised that lack of funding significantly stunted the
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Ghana FinTech Association President joins the African Fintech Network board.
The President of Ghana FinTech and Payments Association, Martin Kwame Awagah, has been appointed by the Africa Fintech Network as a Board Member from 2023 to 2026. In addition to Mr Awagah, the African Fintech Network also welcomed a cohort of 16 new Board of Directors from the various member associations across the continent. His