Managers of Wealth Africa

Airtel set to sell stake in mobile money service

“Discussions are ongoing between the parties and there can be no certainty that a transaction will be concluded or as to the final terms of any transaction.”

How dominant fintech is still the sector to beat for African startup funding

Fintechs are also increasingly collaborating with – rather than competing against – established banking incumbents

What European fintechs can learn from Africa

To survive, fintechs must ensure a path to profitability and create long-term sustainable business models.

Nigerian wealth management platform Cowrywise raises $3m funding

Cowrywise has been expanding its offering of late, and that process is set to continue after it secured US$3 million in pre-Series A funding

Access Bank repositions digital payment to reap AfCFTA gains

While the agreement is not a silver bullet, due to structural barriers to trade, Group Managing Director, Access Bank Plc, Herbert Wigwe, said he saw many benefits to his bank and the various African economies within the AfCTA deal.

Kenyan insurtech startup Pula raises $6M Series A to derisk smallholder farmers across Africa

This disparity stems from the fact that the traditional method of calculating insurance through farm visits is often unaffordable for these smallholder farmers.

StashAway announces Assets under Management of US$1billion

In 2020 alone, the portfolio returns ranged from 24.1% to 5.2% for those same portfolios, and consistently outperform their same-risk benchmarks.

Why bitcoin may crack R1m this year

Richard da Sousa of AltcoinTrader makes his predictions for 2021.

Why Kenya cannot afford to lag behind in 5G uptake

The suspension of the 5G roll-out could slow down uptake of the much anticipated fourth industrial revolution (4IR), such as artificial intelligence, cloud computing, robotics, 3D printing, the Internet of Things (IoT), and advanced wireless technologies.

TransUnion & Fincheck partner to enhance access to finance for South African consumers

TransUnion, as a leader in the South Africa credit market, helps provide a comprehensive picture of each applicant.

Xero, Nedbank team up in API-banking deal

This will give SMEs an up-to-date view of their bank account cash flow, helping them better understand business performance so they can make informed business decisions during these critical times, notes Xero.

Xero, Nedbank team up in API-banking deal

Xero says it has been at the forefront of bank feeds for the past decade, and the partnership with Nedbank builds on this.

Fintechs in Ghana and Africa provide value to the Banking Ecosystem

Fintechs complement banks and other institutions in their quest to digitally transform Africa.

Malawi’s NBS Bank launches ecommerce platform and online payment gateway with Network International

Enables bank to expand its offering to power digital payment acceptance among SMEs, large corporations, public institutions and individuals

CBN unveils framework for regulatory sandbox operations

CBN has issued a regulatory Sandbox framework towards engaging with the operators in the Fintech space.

South African bank warns against cybercrimes

Criminals have the ability to hack into free public Wi-Fi networks and use sophisticated hacking techniques like installing keylogging spyware to view and steal the information that you enter online,” he said.

Money remittance app Nala to launch in the UK

The NALA beta app will be rolling out gradually from February 2021

Online firms seek review of digital tax citing low user transition

In introducing the tax, the Treasury pointed to the steady increase in online consumer retail purchases on both local and international platforms.

Absa rolls out upgraded Surecomp software across ten African countries

This latest digital version offers a web-based interface for remote accessibility and open API connectivity, with full integration to the Surecomp Marketplace for access to other fintech partners within the trade finance ecosystem.

Why Nigerian fintech startup, TeamApt is changing business model and expanding across West and North Africa

By the end of the year, TeamApt had onboarded 100,00 businesses and three million customers while processing $160m in monthly transactions.

FinTech