Tag: Fintech
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Cross-border payments in Africa, the state in 2023
Cross-border payments are essential for facilitating trade, remittances, and financial inclusion in Africa, a continent with diverse and dynamic economies. However, moving money across borders in Africa is often costly, slow, and complex, posing significant challenges for consumers and businesses alike. According to the World Bank, the average cost of sending $200 to sub-Saharan Africa…
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5 African fintech startups to watch in 2023
Fintech is one of the most dynamic and innovative sectors in Africa, with hundreds of startups offering solutions for payments, lending, banking, insurance and more. In 2022, African fintech startups raised over $1.4 billion in funding, according to Disrupt Africa, and attracted global attention with acquisitions and partnerships. Africa is a continent with immense potential…
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Visa, Flocash introduce Flostore to help small businesses accept digital payments
Visa is partnering with Flocash to introduce Flostore to help small businesses across Africa accept digital payments. It will also allow the businesses to manage supplies and access financial services across Africa. The Flostore solution consists of an integration of the Visa digital wallet and Flocash’s pan-African payment platform. In addition to Flostore, Flocash and…
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FAST Accelerator, Microsoft and Flapmax court African innovators
Flapmax is launching Fast Accelerator, a startup incubation program in partnership with Microsoft to help strengthen and scale Africa’s digital ecosystem. The accelerator program targets startups building cloud and artificial intelligence (AI)-enabled technology products and services. It is currently accepting applications from entrepreneurs and innovators to participate in the first cohort. The first cohort will prioritize business…
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Accelerex to launch RexPay and RexRetail in Q2 of 2021
Fintech company Accelerex is set to offer Ghanaian Customers more Digital Payment Options with the introduction of RexPay and RexRetail. This comes after the company recently received an enhanced Payment Service Provider (PSP) licence from the Bank of Ghana (BoG). As well as the ISO 27001:2013 and PCI-DSS certifications. Enabling Accelerex Ghana to open the…
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GOODsoil VC invests $940K in Ghana fintech company Zeepay
Africa-focused and early-stage venture capital firm GOODsoil VC announces it is investing nine hundred and forty thousand US dollars as seed capital in Ghanaian fintech company Zeepay. This part of the company’s mission to drive financial inclusion across the African continent. Firstly, by leading the global surge of investments into Africa’s fintech market. Secondly, by…