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The eSACCO team also developed a Stellar Lumens ATM

Uganda’s eSACCO wants to drive financial inclusion through social banking

A 2016 study revealed that only 40% of Ugandans are financially included. The World Bank also points out that “up to 60% of adult Ugandans still keep their savings at home...
Blockbank founders, Sozi and Adam. Photo: Blockbank

Blockbank, a blockchain bank, purchases stake in Kenya’s Spire bank

Blockbank, a blockchain bank, has today announced that it bought a stake in Kenya's Spire bank. After the purchase, both will go ahead to partner on several services. "Blockbank purchase stake in...
Stone Atwine

Stone Atwine talks about Eversend and the intra-Africa money remittance problem

Stone Atwine is among the few people that kick-started Uganda’s technology scene. In his entrepreneurial life, he has worked on several ventures though with a soft spot for financial technology solutions....
Flutterwave webuycars funding

Flutterwave expands to Uganda making it their fourth African market

Last week, payments technology startup - Flutterwave - finalized its expansion to Uganda. It had a team in Uganda that was carrying out the integration with the local payments service providers...
mcash

mcash to handle agency banking for Uganda’s leading two banks

Ugandan banks have been looking for a way to cut costs and scale as fast and deep as possible, just like mobile money. Luckily enough, they found this in Agency banking...
Chipper Cash

Chipper cash wants to do to money what WhatsApp did to texting

Moving money across Africa is still a challenge that not even mobile money has been able to solve. Where it has attempted to, the costs have been ridiculous. And yet this...

East African fintechs raised $462 million from 2010 to 2017, Fintreks report

A report by Intellecap says FinTechs in East Africa raised USD 462 million from 2010 to 2017. Dubbed Fintreks, the report traced "back the evolution of FinTech" in East Africa"....
Paystack

Nigeria’s Paystack closes $8 million Series A from Tencent, Stripe, VISA & YC

Paystack, a Nigerian payments startup, has announced an $8 million series A it raised from a couple of new and existing investors. This is according to reports by TechCrunch. The funding has...
Judges and participants in the Visa Everywhere Initiative Sub-Saharan Africa. Photo: Visa South Africa

Kenya’s Mookh emerges overall winner of the Visa Everywhere Initiative

Kenya's Mookh has emerged the winner of the Visa Everywhere Initiative Sub-Saharan edition. This was out of the dozen startups from across the continent that made it to the finals. The competition...
Ant Financial

China’s Ant Financial is slowly but seriously entering Africa’s payments space

Ant Finacial, formerly known as Alipay and an affiliate of Alibaba Group, is slowly but seriously entering the African payments space. This conclusion can be reached by looking at the payments...