African fintech news

Here are some recent African fintech news stories:

Mobile Money

• M-Pesa, a mobile money service by Vodafone, has reached 50 million active users in Africa, with 30 million of those users in Kenya alone. (Source: Business Insider)
• MTN, a South African telecommunications company, has launched a mobile money service in Nigeria, allowing customers to make transactions and pay bills using their mobile phones. (Source: TechCrunch)

Digital Payments

• Flutterwave, a Nigerian fintech company, has launched a digital payment platform that allows users to make payments online and offline using their mobile phones. (Source: Ventureburn)
• Paystack, a Nigerian fintech company, has raised $8 million in funding to expand its digital payment platform across Africa. (Source: TechCrunch)

Lending

• Lendable, a Kenyan fintech company, has launched a peer-to-peer lending platform that allows individuals to lend and borrow money using their mobile phones. (Source: Business Daily)
• MFS Africa, a fintech company that operates a mobile money platform, has launched a lending service in Ghana, allowing customers to borrow money using their mobile phones. (Source: Ghana Business News)

Insurtech

• BIMA, a Kenyan insurtech company, has launched a mobile-based insurance platform that allows customers to purchase insurance policies using their mobile phones. (Source: Business Daily)
• Hollard, a South African insurance company, has launched a digital insurance platform that allows customers to purchase and manage insurance policies online. (Source: BusinessTech)

Fintech Funding

• Andela, a Nigerian fintech company that provides digital skills training, has raised $100 million in funding to expand its operations across Africa. (Source: TechCrunch)
• Wave, a Canadian fintech company that provides digital payment solutions, has raised $40 million in funding to expand its operations in Africa. (Source: TechCrunch)

Regulatory Developments

• The Central Bank of Nigeria has launched a regulatory framework for fintech companies operating in the country, aimed at promoting innovation and stability in the financial sector. (Source: Punch)
• The South African Reserve Bank has launched a fintech sandbox, allowing fintech companies to test their products and services in a controlled environment. (Source: BusinessTech)

These are just a few examples of the many exciting developments in African fintech. As the industry continues to grow and evolve, we can expect to see even more innovative solutions and services emerge.