Grey, a FinTech started to simplify sending and receiving foreign payments for Africans, has raised US$2 million in seed funding. The service offered by Grey enables its customers to have virtual international bank accounts for free and enjoy a seamless...

PalmPay, a FinTech innovator aiming to make digital payment more accessible and flexible, has announced that it has reached 10 million users in Nigeria. This represents a doubling in its user base within just six months and puts its customer numbers in the...

Banque Misr, one of Egypt’s largest banks, has announced a Digital Transformation partnership with global technology company SAP in support of Egypt Vision 2030, for Business Continuity and employee engagement during and post-COVID-19. Egypt is one of...

The  coalition for a sustainable and inclusive recovery of the private sector – an international group of 20 development finance institutions that came together in 2020 – has announced commitments of over US$5.55 billion of financing to...

Temenos, the banking software company, has announced that Barko Financial Services (BFS), a South Africa-based microfinance institution, has gone live on Temenos Software-as-a-Service (SaaS) to make it faster and easier for South Africans to access finance...

Blockchain is a type of distributed ledger for maintaining a permanent and tamper-proof record of transactional data. A Blockchain functions as a decentralised database that is managed by computers belonging to a peer-to-peer (P2P) network. Industry experts...