In many African countries, remittances play a crucial role, sometimes making up as much as 20% of the GDP. However, traditional money transfer methods suffer from prohibitively high fees,...
Two months after UK fintech Unlimit announced the acquisition of a Payment Solution Service Provider (PSSP) licence from the Central Bank of Nigeria, the company has received a similar...
Fingo, a YC-backed Kenyan fintech, launched its neobank, which it developed in collaboration with Pan-African financial institution Ecobank Kenya. The Ecobank subsidiary unveiled the neobank, the first of its...
The Central Bank of Kenya (CBK) has announced the issuance and implementation of a new standard, the Kenya Quick Response Code Standard 2023. This standard will guide how Payment...
Google has taken down hundreds of loan apps from the Play Store in Kenya since its new policy, which requires digital lenders in the East African country to submit...
According to Time, ChatGPT was hailed as one of 2022’s most impressive technological innovations upon its release last November. The powerful artificial intelligence (AI) chatbot can generate text on...
Central Bank of Kenya (CBK), Kenya’s apex bank, has instructed commercial banks in the country to stop dealing with Nigerian fintechs, Flutterwave Payment Technology and Chipper Technologies.The CBK gave...
Umba, a U.S.-based digital bank with a focus on emerging markets, has acquired a majority share of Daraja, a Kenyan deposit-taking microfinance bank, for an undisclosed amount. Kenya’s monetary...
With the growing startup ecosystem in the world and the funding gaps that local founders face, backed by a $5 million fund, likely to extend to $10 million, FrontEnd...
Flutterwave Inc. denied reports of financial impropriety after Kenya’s High Court froze the startup’s bank accounts holding more than $40 million according to Bloomberg. The money, held in 52...