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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"....
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....
Jumo CEO Andrew Watkins-Ball. funding

Cape Town based Jumo closes $52M from Goldman Sachs

Jumo, a company that offers loans to the unbanked in Africa, has closed $52 million in a venture round according to TechCrunch. Goldman Sachs led the round, though, there was participation from...
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...
tpay logo A15

Egypt’s A15 sells its 76% stake in Dubai’s TPAY to Helios

A15, a tech investment fund, has sold a 76% stake in U.A.E. based fintech company TPAY to Helios Investment Partners. There were no specific monetary details revealed. According to A15, the sale...
Allan Rwakatungu the CEO and co-Founder of Xente at the recently concluded Kampala Innovation Week. Photo: Global Business Developers

Leapfrog Ventures to invest $190k into Uganda’s trio; Xente, Swipe2pay & Francom

Rwanda-based Leapfrog Ventures is set to invest $190,000 into three Ugandan startups according to sources familiar with the matters. The three startups are Xente, Swipe2pay, and Francom. Takuma Terakuno from Leapfrog Ventures...
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...
Kevin Lubega was named among Forbes Under 30 Africa for the year 2018. Photo: Kevin Lubega

We’re grossing over $50 Million annually with Ezeemoney – Kevin Lubega

2018 has been a wonderful year for Kevin Lubega, the Group General Manager at Ezeemoney. Not only was he named among the Forbes Under 30 for Africa, he was selected among...
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...
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...