FairMoney in talks to acquire Umba in $20M all-stock deal
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FairMoney, a Paris-based digital bank operating in Nigeria, is engaged in early discussions to fully acquire fintech startup, Umba, in an all-stock…
Partech closes Its Africa Fund II At $300M+ To Invest From seed To Series C
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Partech Africa II, the second Africa-focused fund by Partech, has concluded its fundraising at €280 million ($300 million+), just a year after…
Patricia CEO alleges Nigerian lawmaker masterminded crypto exchange hack
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The CEO of troubled Nigerian cryptocurrency exchange Patricia has accused a sitting member of the House of Representatives of masterminding the platform’s…
Nigerian Fintech - Cleva - raises $1.5m to offer Dollar accounts across Africa
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Nigerian fintech startup, Cleva, has secured $1.5 million in pre-seed funding to expand its platform, enabling Africans to open U.S. dollar accounts….
Flutterwave strengthens its executive team with new hires
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African fintech startup, Flutterwave, has hired six executives to strengthen leadership in risk, compliance, and global partnerships as the company rapidly expands….
Nigerian crypto startup - Bitmama - in talks to acquire Payday
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Nigerian cryptocurrency exchange platform Bitmama is engaged in discussions to acquire fintech startup, Payday, in a deal reported to be valued at…
Norrsken22 closes $205M fund for African startups as growth-stage investments surge
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Norrsken22, an Africa-focused Venture Capital firm, has successfully closed its funding round at $205 million, surpassing its initial target by $5 million….
Fintech firm - Kippa - to discontinue KippaPay in profitability shift
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Kippa, a Nigerian fintech startup, has announced that it is discontinuing its offline payment product, KippaPay. The company is also laying off…
Charlotte-Based Finzly Closes $10M Series A Funding
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Charlotte-based company Finzly specializing in providing cutting-edge payments infrastructure solutions for financial institutions, has recently achieved a major financial milestone by securing…