Naspers, through its Naspers Foundry investment business, is leading a R160-million series-A funding round in South African fintech start-up Naked Insurance.
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Square, the payments firm of Twitter co-founder Jack Dorsey, will purchase “buy now, pay later” pioneer Afterpay for $29-billion, creating a global transactions giant.
Contactless payments platform SnapScan has released an update to its app that allows people to make peer-to-peer payments from its electronic wallet.
South African payments company Yoco has raised about R1.2-billion from top investors in a series-C funding round as demand grows among small businesses for its digital payments tools.
South African insurance-technology start-up Pineapple has raised R80-million in a series-A funding round from investors including Vunani Capital and Old Mutual.
Vodafone Group has hinted it could spin off its African mobile money service M-Pesa after its popularity soared through the coronavirus pandemic.
Naspers, through its Foundry start-up investment business, said on Wednesday that it is investing R34-million in Ctrl, a digital short-term insurance marketplace that connects consumers, brokers and insurers.
Digital payments processor Stripe has taken its first major step towards a stock market debut by hiring a law firm to help with preparations, according to people familiar with the matter.
Vodacom has taken the wraps off its much-anticipated VodaPay “super app” in South Africa, designed in collaboration with Alibaba Group-owned fintech services platform Alipay.
Nigeria’s biggest mobile payments company is vying to become Africa’s next unicorn, and its ambitions now stretch beyond the continent.