Uber is launching its Uber Cash digital wallet feature in Sub-Saharan Africa through a partnership with San Francisco based — Nigerian founded — fintech firm Flutterwave. The arrangement will allow riders to top up Uber wallets using the dozens of remittance partners active on Flutterwave’s...

African startups have another $100 million in VC to pitch for after Novastar Ventures’ latest raise. The Nairobi and Lagos based investment group announced it has closed $108 million in new commitments to launch its Africa Fund II, which brings Novastar’s total capital to $200 million. With the...

The economic effects of COVID-19 could delay Africa’s next big IPO — that of Nigerian fintech unicorn Interswitch. If so, it wouldn’t be the first time the Lagos-based payments company’s plans for going public were postponed; the tech world has been anticipating Interswitch’s stock market...

Google’s push into banking could include a not-so-subtle parallel to the Apple Card. A TechCrunch leak suggests that Google is developing a smart debit card. While the payment format would clearly dictate changes compared to its Apple rival (you...

The funds will be worked into expansion plans as improved support for existing customers   By Sharon Lewis   Fintech company Neat raised $11 million in a Series A led by Asia-based private investment group Pacific Century Group, the company announced in a statement on […] The post Fintech...

With the latest round of investments, Kyash’s total funding amount has reached US$73 million   By Monika Ghosh   Tokyo-based mobile banking startup Kyash has raised US$45 million in a Series C funding round co-led by Greenspring Associates and existing investor Goodwater Capital, according to...

Visa has prioritized growth in Africa, and partnering with startups is central to its strategy. This became obvious in 2019 after the global financial services giant entered a series of collaborations on the continent, but Visa confirmed it in their 2020 Investor Day presentation. On the...

Close to 65 per cent of Singaporeans are open to the idea of adopting a digital-only bank, according to the Visa Consumer Payment Attitudes Study. Based on the study, 84 per cent of Singapore respondents indicated that they would be interested in using digital banking services offered by an...

TechCrunch did a synopsis recently on Africa’s 2019 VC stats. Analyses from investment fund Partech and media outlets Disrupt Africa and WeeTracker came up with varied numbers, but there was a common trend-line: the top two countries for VC to startups across all three studies were Nigeria and...

While many venture capital firms spend their days either chasing the limelight or shunning it, for the last 42 years New Enterprise Associates has just done the work of investing capital and building startup businesses. Now the firm has closed its latest investment vehicle, a $3.6 billion fund...