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

Nigerian FinTech Earnipay Nets $4M in Seed Funding for On-Demand Pay
Nigerian FinTech Earnipay Nets $4M in Seed Funding for On-Demand Pay
February 17, 2022  |  Investments

FinTech on-demand salary access provider Earnipay has closed a $4 million seed round, the Nigerian company announced Thursday (Feb. 17). The cash will be used...

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Flutterwave Raises $250M Series D at $3B Valuation
Flutterwave Raises $250M Series D at $3B Valuation
February 16, 2022  |  Investments

Flutterwave, one of the leading technology companies in pan-African payments, closed a $250 million Series D funding round, upping the startup’s value to an estimated...

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Google’s CEO: Africa on Brink of ‘Digital Transformation’
Google’s CEO: Africa on Brink of ‘Digital Transformation’
February 07, 2022  |  International

Google CEO Sundar Pichai, addressing the African Union Summit Business Forum Monday (Feb. 7), said the continent is moving toward a digital transformation. He called...

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Transtura Acquires FinTech Startup WazoMoney
Transtura Acquires FinTech Startup WazoMoney
February 07, 2022  |  Acquisitions

Nigerian ride-hailing and shared mobility startup Transtura on Monday (Feb. 7) finalized the acquisition of FinTech payments startup WazoMoney as part of a plan to...

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Mobility FinTech Moove Closes $10M Financing from NBK Capital
Mobility FinTech Moove Closes $10M Financing from NBK Capital
February 01, 2022  |  Investments

Mobility FinTech Moove closed a $10 million financing facility from NBK Capital Partners Mezzanine Fund II to help the startup expand across West Africa and...

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Instant Payments Set to Boost Intra-African Trade by $5B Annually
Instant Payments Set to Boost Intra-African Trade by $5B Annually
February 01, 2022  |  Cross Border Commerce

There’s a huge economic opportunity available to grasp, but Africa will need to be able to trade with itself to tap into it. Until now,...

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EMEA Daily:  WeTransfer Pulls Amsterdam IPO Over Market Volatility; EU’s Data Protection Watchdog Supports Stricter Rules for Online Ads
EMEA Daily: WeTransfer Pulls Amsterdam IPO Over Market Volatility; EU’s Data Protection Watchdog Supports Stricter...
January 27, 2022  |  International

In today’s top Europe, Middle East and Africa (EMEA) news, WeTransfer, the Netherlands file-sharing company, is pulling the plug for an IPO in Amsterdam due...

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From Startups to Institutions: Solving X-Border Challenges in Africa to Facilitate Remittance Flows
From Startups to Institutions: Solving X-Border Challenges in Africa to Facilitate Remittance Flows
January 27, 2022  |  Global Payments

For most consumers sending money abroad, peer-to-peer (P2P) payments are slow and costly. According to data PYMNTS gathered on cross-border remittances, of the 70% of...

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Afreximbank’s Payment System Goes Live With 12 African Banks
Afreximbank’s Payment System Goes Live With 12 African Banks
January 14, 2022  |  Cross-border Payments

A new system went live with 12 banks in Africa to enable payment transactions and alleviate trade issues across the continent, which deals in more...

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