Fintech news in africa

Here are some recent fintech news in Africa:

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 users to make transactions and pay bills using their mobile phones. (Source: TechCrunch)

Digital Payments

• Paystack, a Nigerian fintech company, has raised $8 million in funding to expand its digital payment platform across Africa. (Source: TechCrunch)
• Flutterwave, a Nigerian fintech company, has partnered with Mastercard to launch a digital payment platform in Africa, allowing users to make payments online and offline. (Source: Business Insider)

Lending

• Lendable, a fintech company that provides loans to small businesses in Africa, has raised $10 million in funding to expand its operations across the continent. (Source: TechCrunch)
• MFS Africa, a fintech company that provides mobile financial services, has launched a lending platform in Ghana, allowing users to borrow money using their mobile phones. (Source: Business Insider)

Insurtech

• BIMA, a fintech company that provides insurance services to low-income individuals in Africa, has raised $17 million in funding to expand its operations across the continent. (Source: TechCrunch)
• Hollard, a South African insurance company, has launched a digital insurance platform in Nigeria, allowing users to buy insurance policies online. (Source: Business Insider)

Regulatory Developments

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

Other News

• The African Development Bank has launched a fintech innovation hub in Rwanda, aimed at promoting fintech innovation and entrepreneurship across the continent. (Source: TechCrunch)
• The Mastercard Foundation has launched a fintech program in Africa, aimed at promoting financial inclusion and entrepreneurship among young people. (Source: Business Insider)

These are just a few examples of the many fintech news stories coming out of Africa. The fintech sector is rapidly growing in Africa, with many startups and established companies innovating and disrupting traditional financial services.