Cameroonian fintech startup Koree raises $200,000 pre-seed round The round was backed by Cameroon Angels Network, Catalytic Africa, Digital Africa, Tunde Akinnuwa, co-founder at Duplo and other private investors.
Paystack partners NIBSS to launch Direct Debit in Nigeria Nigerian fintech company, Paystack is launching a Direct Debit product in partnership with the Nigeria Inter-Bank Settlement System.
Sub-Saharan Africa's top 10 remittance recipients in 2022 According to the World Bank, Nigeria accounted for the highest remittance flow into Sub-Saharan Africa in 2022.
CBN launches portal for microfinance bank licence applications The Central Bank of Nigeria (CBN) on Wednesday announced that it has unveiled a digital platform for the submission of Microfinance Bank (MFB) licence applications.
LatAm fintech, Ebanx expands into eight African countries EBANX has expanded into eight African countries: Ivory Coast, Egypt, Ghana, Morocco, Senegal, Tanzania, Uganda, and Zambia. The LatAm fintech unicorn is now present in eleven African markets.
LemFi raises $33 million Series A for global expansion Global payments company, LemFi (formerly Lemonade Finance) has secured a $33 million Series A in a round led by Left Lane Capital.
Inside Nigeria and Egypt's fintech alliance to deepen cross-border regulations The regulators of Africa's leading fintech markets, Egypt and Nigeria have signed a deal to deepen cross border regulations in both countries.