OPay, an Africa-focused digital payment start-up founded by a Chinese entrepreneur, has secured $400-million in its latest funding round led by SoftBank Vision Fund 2, valuing it at $2-billion.
Browsing: Financial services
MTN Group and Sanlam are joining forces to offer insurance products to the telecommunications operator’s hefty subscriber base on the continent, where relatively few have cover.
Moove, a Nigerian fintech start-up that also operates in South Africa and Ghana, has raised $23-million (R335-million) in series-A funding to expand its tech-based vehicle financing platform.
Naspers, through its Naspers Foundry investment business, is leading a R160-million series-A funding round in South African fintech start-up Naked Insurance.
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.