Green Finance is Driving a New Era of Sustainable Growth.
Green finance is emerging as a critical driver of sustainable growth in Africa, with a focus on channeling investment into climate-resilient and environmentally friendly projects. The European Investment Bank’s (EIB) report on finance in Africa highlights this trend, noting that banks that view climate as central to their policies are more likely to offer green […]
Powering a New Generation of Customizable Money Systems.
Minka is a “platform-as-a-service” company that is enabling financial institutions to build their own customizable money systems, a key trend in Africa’s evolving fintech space. The company focuses on real-time payments and seamless integration, allowing for instant and secure money movement across ledgers and currencies. This infrastructure is particularly impactful in a continent with diverse […]
Chipper Cash is Pioneering Cross-Border Payments With Blockchain.
Chipper Cash, a fintech platform with a presence in several African countries, is pioneering the use of blockchain and AI to revolutionize cross-border payments. The company provides a suite of services that are faster, cheaper, and more secure than traditional methods, with seamless integrations into local banking systems and mobile money platforms. By leveraging blockchain […]
Fawry’s Electronic Payment Solutions Are Transforming Egypt’s Finance.
Fawry, a leading provider of electronic payment solutions, has played a transformative role in digitizing Egypt’s financial landscape and promoting financial inclusion in North Africa. Founded in 2008 in Cairo, the company operates through an extensive physical network of over 310,000 points of sale, alongside a robust digital platform. This hybrid approach ensures that its […]
Onafriq is Building a Unified Payments Ecosystem Across Africa.
Onafriq, formerly known as MFS Africa, is at the forefront of creating a unified payments ecosystem across the continent. Based in Johannesburg, the company has built a vast network that connects over 500 million mobile wallets across more than 40 African countries. Its core mission is to bridge the gaps between a diverse range of […]
Flutterwave and Paystack: Building the Infrastructure for Digital Commerce.
The success of e-commerce and the broader digital economy in Africa depends on robust and reliable payment infrastructure, a need that is being met by platforms like Flutterwave and Paystack. Flutterwave, founded in Nigeria in 2016, provides a comprehensive suite of tools that allows businesses to accept payments, make payouts, and manage financial operations seamlessly. […]
umo’s AI-Powered Platform is Redefining Credit for the Unbanked.
Jumo is at the forefront of leveraging artificial intelligence to address a significant barrier to financial inclusion in Africa: the lack of formal credit histories. The company utilizes an innovative “Banking-as-a-Service” model to enhance financial access for underserved populations by partnering with traditional banks and mobile money operators. Jumo’s platform employs machine learning to create […]
TymeBank: A Model for Digital Banking Accessibility in Africa.
TymeBank, a South African digital bank, reached unicorn status in late 2024 after a successful Series D funding round valued at $1.5 billion, underscoring the growing maturity and investment appeal of Africa’s digital financial landscape. Launched in 2019, TymeBank has distinguished itself by offering simple, affordable, and easily accessible financial tools to a broad demographic, […]
Moniepoint’s Unicorn Status Signals a New Era for Fintech.
Moniepoint, a Nigerian financial services company, achieved unicorn status in 2024 with a valuation exceeding $1 billion, marking a significant milestone for Africa’s fintech sector. This accomplishment is not just a corporate success story but a powerful indicator of the maturity, scalability, and immense investment potential of the continent’s digital economy. Originally a digital banking […]
Fintech is Fueling Africa’s Financial Inclusion Revolution.
Africa’s fintech sector is a powerful engine for financial inclusion, providing essential financial services to millions who were previously unbanked or underbanked. The number of active fintech companies on the continent surged to 1,263 in 2024, a remarkable increase from just 450 in 2020. This explosive growth is heavily concentrated in key hubs like Nigeria […]
