African fintech companies Archives

Africa Fintech Summit Announces Flutterwave as Lead Fintech Sponsor for the 10th Anniversary Summit in Lusaka, Zambia

12Oct

By Africa BusinessNo Comments

Events, Fintech, Zambia News

Africa Fintech Summit Announces Flutterwave as Lead Fintech Sponsor for the 10th Anniversary Summit in Lusaka, Zambia

The Africa Fintech Summit is proud to announce Flutterwave as the Lead Fintech Sponsor for its highly anticipated 10th-edition summit, set to take place in Lusaka, Zambia, on November 2-3, 2023. This partnership marks a significant milestone for both the Africa Fintech Summit and Flutterwave, showcasing their shared commitment to fostering innovation and growth within the African fintech ecosystem. Flutterwave's dedication to advancing the fintech industry in Africa has been unwavering, making the company a natural choice as the Lead Fintech Sponsor for this landmark event. Over the years, Flutterwave has consistently demonstrated its support for the summit and the broader African fintech community, contributing to the growth of digital financial services across the continent. The Africa...

19Sep

By Africa BusinessNo Comments

Fintech

The gender financial inclusion gap in Africa

By Kairi Brand, Head of Talent Management, Admirals While financial inclusion is growing in importance worldwide there is still a discrepancy between male and female financial inclusion – the so-called gender financial inclusion gap. At a global level, the World Economic Forum’s 2022 Global Gender Gap Report estimates it will take an average of 132 years to achieve gender equality globally! The African continent is no exception. It appears that there are several reasons for this. In many African societies, it is men who handle the financial affairs in a family, with the woman managing the household and caring for children. Women in emerging African economies also often have lower financial literacy levels on account of lower levels of education. Moreover, in some countries, legal and re...

7Sep

By Africa BusinessNo Comments

Fintech

Harnessing the power of data to drive financial and economic inclusion

By Sandy Rheeder, CIO at Mukuru The modern world has moved towards digitisation, yet a significant gap remains in terms of financial and economic inclusion, particularly in Africa. Despite this, there is a substantial opportunity to harness the power of data to bridge this gap and further the cause of economic and financial inclusion. The FinMark Trust 2022 report reveals that despite strides in digital financial services, many workers are still paid in cash, community merchants rarely accept digital payments, and access to banking or ATM facilities is often limited and costly. These factors are a stark reminder of the disconnect that remains between the formal economy and large sections of the population. This disconnect is amplified by several barriers to formalisation. For instance, ...

₿trust Acquires African Bitcoin Developer Training Company, Qala

5Sep

By Africa BusinessNo Comments

Fintech

₿trust Acquires African Bitcoin Developer Training Company, Qala

Jay-Z and Jack Dorsey-funded Bitcoin Non-profit Acquires Qala to Build Next Generation of Open-Source Bitcoin Developers ₿trust, a non-profit organisation which exists to decentralise development of Bitcoin software, has today announced its acquisition of Qala, the leading organisation training the next generation of African Bitcoin and Lightning engineers. The deal, which was completed on 1st September 2023, will see Qala rebrand as the ₿trust Builders Programme, to strengthen ₿Trust’s mission to drive the development and education of Bitcoin open-source engineers from across the Global South. Launched in 2021, ₿trust focuses on fostering developer talent and supporting the free and open source Bitcoin ecosystem by locating, educating, and remunerating Bitcoin open source engineers from...

African fintech platform M-Kopa has provided digital credits worth more than $ 600 million to underbanked customers

13Sep

By Africa BusinessNo Comments

Fintech

African fintech platform M-Kopa has provided digital credits worth more than $ 600 million to underbanked customers

M-KOPA announced the release of its 2021 Impact Report. As a mission-driven company, M-KOPA's tremendous growth is rooted in commitment to both commercial and social goals. The report presents findings on M-KOPA’s smartphone, solar and cash loan customers across Kenya, Uganda, Nigeria and Ghana. While much of the impact has been realised in East Africa, M-KOPA recorded rapid growth following its expansion into West Africa over 2020/21. Key highlights of M-KOPA’s social and environmental impact at the end of 2021 include: $600 million of credit unlocked for customers; 4.5 million lives improved with life-changing products; Over 1 million solar home systems sold, avoiding 2 million tonnes of CO2 emissions; Over 1 million individuals accessing high-quality smart...