Fintech
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Business
Inclusion: Fintech startups must think outside the box – PalmPay
Financial technology (Fintech) is shifting into high gear in 2025, with the industry poised for unprecedented growth and transformation. Emerging technologies like Artificial Intelligence (AI), quantum computing, and Central Bank Digital Currencies (CBDCs) are set to revolutionise the sector, redefining back-office operations, security, and global finance. The fintech market is projected to reach $340 billion in 2025, with a staggering…
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Business
High registered users excites Bankit MFB
Bankit MFB, a fintech company, says it has registered over 50,000 users on its platform within the first few weeks of its operations. This is contained in a statement on Wednesday by Mr Kingsley Ezenwa, Head of Marketing and Corporate Communications at Bankit Africa. Ezenwa said the achievement was a testament to the bank’s innovative and simple approach to digital…
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Featured
AZA Finance subsidiary granted Payments Service Provider (PSSP) Licence in Nigeria
Today, BT Payment Services Nigeria Limited (BT Payment) announced it has been granted a payments service provider (PSSP) licence by the Central Bank of Nigeria. It now offers Nigerian naira collections and payments to its customers in the Federal Republic of Nigeria. BT Payment is a subsidiary of the global fintech AZA Finance, and is responsible for the group’s Nigeria corridor,…
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Business
Fintech Giant – Moniepoint – Ranked as Africa’s Fastest Growing Fintech by the Financial Times for the Second Consecutive Year
Moniepoint Inc. (“the Company” or “Moniepoint”), announces it has been ranked by the Financial Times as Africa’s fastest-growing fintech. The world’s leading financial publication confirmed Moniepoint’s accolade in its annual “Africa’s Fastest Growing Companies” survey, released yesterday. It is the second consecutive year Moniepoint has achieved both the fastest-growing fintech milestone, and, ranked in Africa’s top four fastest-growing companies overall. The survey…
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Africa
Fintech is Ideally Placed to Tackle the Most Pressing Global Concerns
DUBAI, United Arab Emirates — Algbra, a sustainable and values-focused digital finance provider dedicated to providing ethical finance solutions and promoting financial wellbeing, joined the GITEX 2022 Dubai line-up to highlight the key role fintech will play in addressing the world’s most pressing issues such as climate change, financial and social exclusion. During the session ESG and Fintech: Society, Inclusion…
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Africa
Raiven Exits Fintech Platform Whizmo
TORONTO & PALO ALTO, Calif. — Raiven Capital, a global early-stage tech venture fund, today announced its exit from fintech company Whizmo, a mobile money start-up that provides B2B and B2C financial services for customers and merchants in emerging economies. “Raiven Capital invested in Whizmo in 2020 and exited the company this summer at a significant multiple to a private…
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Africa
ALGBRA BECOMES FIRST ETHICAL FINTECH TO RECEIVE AUTHORISED E-MONEY INSTITUTION LICENCE
DUBAI, United Arab Emirates – Algbra, the ethical and values-focused FinTech, has received full authorisation from the Financial Conduct Authority (FCA) to operate as an Electronic Money Institution (EMI). Algbra’s pioneering proposition – with the principles of ESG and Shariah-compliance at its core – leads the movement towards values and lifestyle-based banking that is defining the next evolution of financial…
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Middle East
FTFT Subsidiary Launches Cryptocurrency Market Data Platform FTFTX
Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as “Future FinTech”, “FTFT” or “the Company”), a leading blockchain-based e-commerce business and a fintech service provider, announced today that its subsidiary, FTFT Capital Investments LLC (“FTFT Capital”) has launched FTFTX, an innovative global cryptocurrency market data platform that provides institutional and individual investors with real-time, high-quality and reliable cryptocurrency market data…
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NEWS
Wa’ed Selects HES FinTech as Software Vendor
DHAHRAN, Saudi Arabia -Wednesday 28 July 2021— Wa’ed, the entrepreneurship arm of Aramco, has signed a contract with HES FinTech lending software provider to automate financial operations at the company. Wa’ed is an entrepreneurial support center, providing end-to-end assistance to boost Saudi-based start-ups, including mentoring, incubation, loan financing, and venture capital investment. In addition to incubation and mentoring, the center invested more than…
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NEWS
Ladda to lead Africa to Seedstars 2020/21 Grand Finale
Nigerian fintech startup, Ladda, will, in May, lead Africa to the Grand Finale of the 2020/21 Seedstars World Competition, having displaced 4 others from Africa to emerge winner of the regional leg of the contest in April. This was disclosed by the media unit of Seedstar via a press statement forwarded to Ripples Nigeria on Monday. According to Seedstar, Ladda…
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