Credable raises $2.5m seed
The news: Embedded finance platform Credable has raised $2.5 million to provide financial services to businesses in emerging markets. Ventures Platform led the round with participation from other VCs and…
Silvergate’s shutdown is affecting African fintech startups
Silvergate, the American bank famed for bridging the gap between the banking system and the crypto world, wound up last week after recording historic losses. Before its collapse, the bank…
Trying South Africa’s new real time payments system, PayShap
On Monday 13th March, PayShap, an interbank, and real-time digital payments service built as a collaborative effort between Bankserv, a clearing house owned by South African commercial banks, and the…
Sycamore is simplifying lending for Nigerians
Babatunde Akin Moses is the founder of Sycamore, a P2P lending platform that is committed to creating a more seamless lending process for users by connecting them directly with their…
In the midst of Nigeria’s digital banking struggles, OPay is rising to the occasion.
On Friday morning, I took an impromptu trip from Abuja to Kaduna. The Bolt ride from Asokoro to the car park in Mabushi cost ₦1500 and I paid via transfer…
Numerous accounts frozen for illegal transfers from Flutterwave
Editor’s Note Week 10, 2023 Read time: 5 minutes Another week, another lineup of interesting, insightful, and sometimes controversial tech stories from around the continent. Welcome to another edition of…
Hundreds of accounts frozen in relation to alleged Flutterwave hack
On Sunday, payments fintech Flutterwave denied a Techpoint report that hackers stole ₦2.9 billion of customer funds. In its response to the story, Flutterwave said it noticed unusual activities in…
👨🏿🚀TechCabal Daily – Fintech flock against fraud
CRYPTO MARKET Bitcoin $20,075 – 7.48% Ether $1,427 – 7.44% BNB $274 – 5.40% Solana $17.19 – 7.51% Name of the coin Price of the coin 24-hour percentage change Source:…
CBN releases open banking guidelines
Nigeria has become the first country in Africa to adopt open banking regulations [pdf], which will encourage innovation in the country’s banking industry. The regulations and guidelines for open banking…
Why MFS Africa is piloting its latest remittance play in Madagascar
MFS Africa, the largest pan-African digital payments network, announced last week that it is partnering with Western Union to power the cross-border flow of money from over 200 territories into…