Telkom has become the latest telecoms operator to muscle into the banks’ traditional area of expertise, offering loans to small businesses.
Browsing: Financial services
Africa’s largest start-up is fighting allegations of financial impropriety and personnel harassment from Lagos to Nairobi.
TymeBank on Wednesday announced that it is acquiring Retail Capital, a fintech company that offers finance to SMEs.
A court in Kenya has frozen more than $40-million in accounts belonging to Africa-focused payments giant Flutterwave.
Zapper is considering options to raise capital, including a stake sale, that could value the start-up at nearly $1-billion, sources said.
Promoted | While card machines may be iKhokha’s bread and butter, it’s just the first piece in its offerings for smaller businesses.
Investment app developer Franc has raised R8-million in “seed extension” funding led by 4DX Ventures and is using the money launch a B2B offering.
Short-term insurer Santam has acquired the remaining 49% stake it doesn’t already own in JaSure for an undisclosed sum.
Paul Edwards, a former CEO of MTN Group, has secured a series-A funding round for his new venture, a fintech start-up called VantagePay.
M-Pesa and Visa have launched a virtual payment card in a bid to capture some of Africa’s $40-billion/year subscriptions market.