Francophone Africa has its first unicorn, and if you’ve been following tech on the continent, you will be very unsurprised to hear that it’s coming from the world of fintech.Wave, a U.S. a
Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion.The round, which
The saying goes that, “You can’t teach an old dog new tricks.” That may or may not be true, but at least one “old dog” is working hard to disprove that saying.Western Union has been operating in the c
Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today. The fundraising will be coming two years after OPay announced two fundi
Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result.Some of these markets like Africa, Latin America, and India, ha
Mastercard will invest $100 million in Airtel Africa’s mobile money business, two firms said today, just two weeks after TPG’s Rise Fund also backed the telecommunications firm’s unit.The London-headq
According to a McKinsey report, the total number of mobile money services worldwide was 282 in 2017, with more than half of those operating in sub-Saharan Africa. In 2020, these numbers increased sign
In February, London-listed telecom, Airtel Africa, said it was looking to sell a minority stake in its mobile money business in a bid to raise cash and sell off some assets.The firm seems to have foun
The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. To understand how much grow
Here in the U.S., we take for granted the ability to invest and trade in the stock market. So while we can get in an uproar about the various ways Robinhood may or may not be acting responsibly, it ca
When Stripe announced earlier this year that it had picked up another $600 million in funding, it said one big reason for the funding was to expand its API-based payments services into more geographie
The fintech industry has had a wild couple of years. Consumer fintech startups, such as Robinhood, Revolut and Coinbase, have been massively successful and managed to attract millions of customers. At
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