Africa

Africa is the world's second largest and second most-populous continent. At about 30.3 million km² including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area. With 1.2 billion people as of 2016, it accounts for about 16% of the world's human population.

Source: en.wikipedia.org

African Financial Startup JUMO Notches $55M
African Financial Startup JUMO Notches $55M
February 26, 2020  |  Investments

FinTech upstart JUMO has notched $55 million in equity and debt funding. The newest investment round had participation from current investors, with the inclusion of Odey Asset...

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Isabel dos Santos Facing Embezzlement; Implicated Banker Found Dead
Isabel dos Santos Facing Embezzlement; Implicated Banker Found Dead
January 23, 2020  |  Security & Fraud

Africa’s richest woman, Isabel dos Santos, is facing money laundering and mismanagement charges, while a banker implicated in the case — Nuno Ribeiro da Cunha,...

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Nigeria’s Paga Buys Software Firm Apposit For Global Expansion
Nigeria’s Paga Buys Software Firm Apposit For Global Expansion
January 22, 2020  |  International

Nigerian digital payments startup Paga is expanding its operations with the acquisition of Apposit, a software development startup based in Ethiopia, as reported on Wednesday...

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Jumia Counting On Services To Rebound From 70 Pct. Shares Drop
Jumia Counting On Services To Rebound From 70 Pct. Shares Drop
January 22, 2020  |  International

African unicorn Jumia, the first technology startup in Africa to list on the New York Stock Exchange (NYSE), is focused on becoming profitable after a...

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Western Union, Bharti Airtel Team For Real-Time Payments Across Africa, India
Western Union, Bharti Airtel Team For Real-Time Payments Across Africa, India
January 22, 2020  |  Partnerships / Acquisitions

Western Union is partnering with global telecommunications firm Bharti Airtel for global money transfers across emerging markets in Africa and India, Western Union announced on...

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Newly Funded Flutterwave Becomes WorldPay’s First African Partner
Newly Funded Flutterwave Becomes WorldPay’s First African Partner
January 21, 2020  |  Investments

Silicon Valley and African FinTech startup Flutterwave closed a $35 million fundraising round and announced partnerships with WorldPay and Visa as it plans expansion on...

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Goldman Gets Green Light To Operate Bank In South Africa
Goldman Gets Green Light To Operate Bank In South Africa
January 20, 2020  |  International

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg...

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TerraPay/UBA Linkup Enables Real-Time Money Transfers Throughout Africa
TerraPay/UBA Linkup Enables Real-Time Money Transfers Throughout Africa
December 19, 2019  |  Partnerships / Acquisitions

Mobile-first international payment network TerraPay is partnering with UBA Group, a leading pan-African financial services company, to offer real-time money transfer services to existing customers in...

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African FinTech Chipper Cash Gets $6M To Enter New Markets
African FinTech Chipper Cash Gets $6M To Enter New Markets
December 17, 2019  |  Investments

Chipper Cash, a FinTech startup in Africa that facilitates cross-border peer-to-peer (P2P) payment services in Kenya, Rwanda, Tanzania, Nigeria, Uganda and Ghana, has raised $6...

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