News Archive | Page 8 of 23 | Flourish Ventures

[Techbuild.africa] Corner Stores – An Essential Sales Channel Across – Are Evolving With Digital Tools

Originally posted on Techbuild.africa In many African countries, corner shops are woven into the fabric of local communities. Their role in the economy is often underestimated. Globally, small and informal retailers make up a $900 billion industry. They are even more indispensable in Africa, representing 70% of all grocery sales...

[LAVCA] 2022 Emerging Women Investors in Latin American Tech

Women in venture are underrepresented in Latin America as they are globally. In the US, women only hold ~16% of GP positions in VC, and the majority of firms have no women partners; in other markets, reliable benchmarks for comparison are harder to come by. In an effort to raise their visibility,...

Madica Ventures wants to bridge the financial gap in Africa’s technology ecosystem

As reported by Muktar Oladunmade, TechCabal: "Funding in Africa’s tech industry has its favourite destinations. The Big 4—Nigeria, South Africa, Egypt, and Kenya—accounted for more than 70% of the $5.2 billion raised by startups in Africa last year, according to Partech’s 2021 report. The remaining 50 countries on the continent...

[Chipper] Chipper announces intended acquisition to strengthen payment solutions in Africa

Chipper announces intended acquisition to strengthen payment solutions in Africa Today we are excited to announce our intended acquisition of the Zoona group, which includes the Tilt brand. The proposed acquisition will accelerate Chipper’s expansion across Africa. We also believe bringing Chipper Cash and Zoona teams together will foster innovation...

[PYMNTS.com] Alloy CFO: Know-Your-Business Focus Aligns Banks and FinTechs in 2023

2022 was a year filled with crypto meltdowns, international sanctions, synthetic IDs and fraud attacks. But Kiran Hebbar, CFO at Alloy, told PYMNTs that 2023 will be the year where regulators ramp up their scrutiny of financial services firms. “Fraud has exploded,” he said — but looking ahead to 2023, first-,...

[Intuit] Intuit to Acquire Financial Health Startup SeedFi

SeedFi’s Credit Builder feature will join Intuit’s Credit Karma business to help more members build credit while saving money MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Intuit (Nasdaq: INTU), the global financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced today it has entered into an agreement to acquire SeedFi, the partner behind Credit Karma’s Credit...

[Arab News] Indian fintech M2P bets its money on Saudi Arabia’s economic opportunity

CAIRO: Far from the business frenzy around the FIFA World Cup in neighboring Qatar, Saudi Arabia is laying the ground for a business opportunity that could change the fortune of the Kingdom. In the last few months, its banking sector has invited a slew of financial technology companies that could...

[TechCabal] Fintech Unicorn Chipper Cash set to buy Zambia fintech pioneer Zoona

Pan-African cross-border payment app Chipper Cash is set to acquire Zambian fintech company Zoona Transactions International, according to a statement shared with TechCabal. This acquisition will allow Chipper Cash, which has a self-reported user count of 5 million, to add new online services and a new agent network to its offerings. This...

[Business Insider] eCurrency providing technology for National Rollout of CBDC in Jamaica

eCurrency has entered into a long-term partnership with Bank of Jamaica to provide technology services for the national rollout of its Central Bank Digital Currency (CBDC) - JAM-DEX. Jamaica became the first country to recognize its CBDC as legal tender. In June 2022, the Jamaican Parliament passed amendments to the Bank of Jamaica Act and...

[Finextra] SBM Bank launches Ki Cash digital account

SBM Bank (India) Limited in association with Kaleidofin Private Ltd, a fintech platform (acting as Business Correspondent), announced the launch of ‘ki cash’, a fully digital product that combines low-cost full-service banking with quick disbursal of loans. The savings account will serve to accelerate digital adoption in the informal sector...

[Africa Update] Bibi chatted with Daniel Oparison

This week on the Africa Update Bibi chatted with Daniel Oparison. Daniel Oparison is a growth strategist who has done incredible work in the strategy and tech space in Nigeria. He's part of the Paga Tech team, Paga is one of the biggest mobile payment platforms in Nigeria! He chats...

[VCCircle] NeoGrowth Raises $20 Mn From DFC Via ECBs

NeoGrowth Credit Pvt. Ltd, a small and medium enterprises-focused fintech lender, has secured $20 million (around Rs 160 crore) from the United States International Development Finance Corporation (DFC) via the external commercial borrowing (ECB) route. The funding commitment is for 5 years with a 2-year moratorium on principal payment and...