Category: money
Africa Roundup: Visa connects to M-Pesa, Flutterwave enters e-commerce
It seems the demand for Safaricom’s M-Pesa payment product never eases. Since its 2007 launch in Kenya, the fintech app has commanded over 70% of the mobile money market in that country. When COVID-19 hit the East African nation of 53 million in March, the Kenyan Central Bank turned to…
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Visa and Kenya’s Safaricom partner on M-Pesa, payments and tech
Visa just connected to Africa’s most powerful mobile payments network. The global financial services company and Kenyan telecom Safaricom — operator of the M-Pesa mobile money product — announced a partnership today on payments and tech. The arrangement opens up Visa’s global merchant and card network across 200 countries to…
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Nigeria’s Okra raises $1M from TLcom connecting bank accounts to apps
A new Nigerian fintech venture, Okra, has racked up a unique mix of accomplishments in less than a year. The Lagos based API developer created a product that generates revenues from both payment startups and established financial institutions. Okra has raised $1 million in pre-seed funding from TLcom Capital —…
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Digging into Europe’s Q1 venture results
Q1 was alright. Q2 and Q3 are going to suffer. Alex Wilhelm 7 hours Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re taking a look at a bit of data on the European venture capital scene…
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In Nigeria PalmPay waives fees and creates ₦100M COVID-19 payout fund
Africa focused payment startup PalmPay will waive transfer fees in Nigeria and offer direct payouts to customers who have contracted COVID-19 in the West African country. The venture — that launched in 2019 backed by China’s Transsion — has created the PalmPay Support Fund. The initiative will start with 100…
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Saving, not spending, is the new hotness in fintech
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday news broke that Robinhood is on the hunt for new capital at a roughly flat valuation, per friend of the blog Katie Roof. If you are a bit confused…
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