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Africa

LatAm
·Mar. 21, 2023

Ebanx doubles bets on alternative payments as it expands through LatAm, Africa

Latin America Ebanx expects growth in alternative payment methods as e-commerce continues to grow in the region, as well as in Africa.
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Ebanx card and reader
Fintech
·Sep. 19, 2022

LatAm unicorn Ebanx expands operations to Africa

Ebanx announced the expansion of its operations to the African continent after acquiring an essential presence in 15 Latin American nations.
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Crypto Winter Africa illustration
Africa
·Aug. 12, 2022

Crypto winter: thoughts from Africa

Studies have highlighted Africa's growing adoption rates of cryptocurrencies but little has been devoted to how the crypto winter impacts,

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News RoundupFintech
·Jan. 16, 2020

Wealth Management Becoming a Hot Area in Nigeria

Typically the fintechs in Africa getting a lot of attention center around those focusing on payments; however Quartz reports that...
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News RoundupEuropeOnline Lending
·Mar. 28, 2017

Capitec Invests in European Online Lender Creamfinance

South African bank Capitec could be acquiring up to 49% of European online lender Creamfinance; the bank has structured an investment deal with three tranches totaling 21 million euros ($22.81 million) and an additional financing round which could include an additional 5.4 million euros ($5.9 million) if shareholders choose to sell an additional 9% stake in the company; Creamfinance provides online consumer loans in six global markets: Poland, Latvia, Georgia, the Czech Republic, Mexico and Denmark; Capitec says it has been analyzing international investments and sees Creamfinance as a good fit because of its business model and specifically its technology-driven approach.  Source

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Wagner Ruiz, EBANX, left, chats with Fintech Nexus chairman Peter Renton on the Payments Innovations in Rising Markets session on the keynote stage.
LatAm
·Dec. 14, 2022

LatAm22: How fintechs are bringing innovation to payments in emerging markets

Wagner Ruiz, Co-founder of EBANX, talked at the Fintech Nexus LatAm 2022 event about the outlook for payment innovation in emerging markets.
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Hand holding mobile phone
Fintech
·Sep. 8, 2022

Kenya announces full interoperability for mobile money

The Central Bank of Kenya (CBK) announced the complete interoperability of mobile money payment services in Kenya.
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Global netwrok concept.
Fintech
·May. 11, 2022

Africa’s fintech scene is as diverse as it is exciting

Nontraditional data is relevant across Africa as credit bureaus don't have the historical depth their Western counterparts enjoy.
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Online LendingNews Roundup
·Mar. 29, 2017

Lidya Raises $1.25mn for SME Funding Platform

Lidya has raised $1.25 million to expand its financing services for small and medium enterprises in Africa; the funding round was led by Accion Venture Lab and will help the company enhance its credit scoring for small businesses and improve access to small business funding; it is targeting $4.9 million in loans for its first year of business.  Source

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News RoundupEuropeOnline Lending
·Mar. 28, 2017

Bitbond and BitPesa Partner for Improved Financing to SMEs in Africa

German-based marketplace lender Bitbond has partnered with African payments provider BitPesa to improve the lending experience for small and medium enterprise (SME) borrowers; Bitbond will enhance the blockchain lending services of its platform by incorporating cross-border payments through BitPesa; the BitPesa payments platform can make payments in 20 minutes and is now live in Kenya, Nigeria, Uganda and Tanzania.  Source

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