financial products
NowNow raises $13M seed, plans to scale its ecosystem of financial products across Africa
In 2011, the Nigerian government launched a financial inclusion initiative and set a target to include 80% of the country’s adult population. Although only a target of 64% was met…
To reach fintech’s next level, infrastructure providers must address these pain points
As long as infrastructure providers are able to specialize to address the pain points of their customers, they can be an asset to any market they serve.
Nigerian YC-backed startup Anchor comes out of stealth with $1M+ to scale its banking-as-a-service platform
In 2015, the emergence of fintechs such as Flutterwave and Paystack changed the game for online businesses in Africa by making it easier to integrate payments into customer interfaces without…
Andreessen, Atlantico, MAYA Capital add some dough to Fudo’s restaurant tech recipe
The independent restaurant customer, most likely adopting restaurant operation technology for the first time, is who Fudo is targeting.
Identity verification company Youverify extends seed funding to $2.5M as it expands across Africa
This past month has seen several African fintechs such as Flutterwave and Union54 make headlines for compliance checks issues and fraud allegations. Both unlinked events re-emphasize the importance of know…
Fintech Guava raises $2.4M to provide banking services to Black small-business owners
Founded last year, Guava aims to reduce the racial wealth gap by providing financial services to Black small businesses.
Uprise takes in a user’s full financial picture, including overlooked aspects like employer benefits, and offers recommendations on where to funnel money.
YuLife picks up $120M at an $800M valuation for gamified, wellness-focused life insurance
YuLife originally made a name for itself in its home market of the U.K. for its new approach to the provisioning of life insurance: Yes, sell a policy that provides…
Sava, a spend management platform for African businesses, gets $2M pre-seed backing
When Yoeal Haile started Aspira, a lending service, in 2017, he wanted to give Kenyans more choice about buying stuff on credit. The business eventually grew to a point where…
Layoffs hit crypto and real estate tech particularly hard this week
Hey Siri, when does a “macroeconomic downturn” become a “recession”? It’s another bleak week for startups weathering dismal tech stocks and even worse cryptocurrency prices. But let’s start with some…
Amid market turmoil, crypto exchange Kraken says it’s filling 500+ roles
While several major crypto trading platforms are making large-scale layoffs and freezing hiring, some of their rivals have rushed to reassure their staff and the public that they are sticking…
Google expands ads verification program to tackle financial scams
Google is expanding a verification program for financial services ads that it launched in the U.K. last summer after seeing what it describes as a “pronounced decline” in reports of…
Featured Article
‘Move-to-earn’ Solana app StepN is latest crypto gaming craze
Since its launch in December, StepN, an app that lets users walk and run to earn tokens, has quickly become a household name in the play-to-earn blockchain gaming, or GameFi, world. Two to three million users worldwide are now active on the app every month, StepN’s co-founder Jerry Huang recently told TechCrunch. That number is…
