Kredete, a pioneering financial software platform aimed at supporting African immigrants in building credit scores and facilitating money transfers back home, has successfully raised $2.25 million in seed funding.
Finance
Chpter, an AI-powered social commerce platform, has successfully raised $1.2 million in a Pre-Seed funding round, marking a significant milestone in its mission to revolutionize e-commerce in Africa. This round was led by prominent Kenyan entrepreneur Ken Njoroge of PANI, who is also the Co-founder and Former CEO of Cellulant. The funding round also saw…
Flutterwave has announced its latest milestone: securing a Payment Systems Operator (PSO) license from the Bank of Uganda.
Nigerian banks saw a substantial increase in deposits, amounting to ₦21 trillion, bringing the total bank deposits to ₦136 trillion.
LH Telecommunication Limited Acquires 95.5% Stake in 9mobile
Intron Health, a Nigerian startup specializing in clinical speech recognition, has successfully raised $1.6 million in a pre-seed funding round. The funds will be used to enhance research, expand distribution, and recruit tech talent. Founded in 2020 by Tobi Olatunji and Olakunle Asekun, Intron Health has developed Africa’s first clinical speech recognition platform, achieving significant…
With the new investment, Educatly plans to enhance its services, expand its operations, and ultimately help more students achieve their educational goals. The startup’s ambitious growth plan and commitment to innovation underscore its potential to transform the higher education landscape on a global scale.
eTranzact International Plc is recognized as Africa’s leading provider of mobile banking and payment services.
Nigerian wealth management platform Risevest is reportedly in talks to acquire Hisa, a Kenyan-based fintech startup that enables users to buy U.S. stocks
Mercury Bank, a prominent America-based financial institution renowned for its tech-driven banking solutions, has announced that Nigeria has been added to a list of countries prohibited from its banking services.