Fintech

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A Significant Focus On Digitisation Allows Nedbank To Meet Fast-Changing Banking Customer Needs

Nov. 16, 2020, 3:49 p.m.

Digitisation and technological innovation are nothing new to the South African banking industry, but those banks that had made significant progress on their digital journeys before the Covid-19 pandemic have been best placed to meet the fast-changing needs of their clients and, as is the case with Nedbank, gain efficiencies and grow market share in the process.

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WorldRemit Announces Africa-focused Entrepreneurship Program In Kenya

Nov. 16, 2020, 3:09 p.m.

WorldRemit, a global digital payments company, has launched an Africa-focused entrepreneurship programme in Kenya.

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Jack Dorsey To Keynote At Africa Fintech Summit 2020

Oct. 27, 2020, 11:51 a.m.

Dedalus Global and Ibex Frontier have announced that Twitter Founder Jack Dorsey will be giving the closing keynote at this year’s Africa Fintech Summit (AFTS) to be held virtually from November 9-12.Dedalus Global is a strategic advisory group while Ibex Frontier is an Ethiopian-focused advisory firm. The two companies partnered to organise this year’s AFTS which is a global initiative dedicated to the African fintech ecosystem.

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Fintech Startup TeamApt Now Operates Nigeria’s Largest Non-Bank Mobile Money Platform

Oct. 23, 2020, 1:31 p.m.

Moniepoint, the mobile money platform launched last year by Nigerian fintech startup TeamApt, has become the largest non-bank mobile money service in the country, processing 13 million transactions monthly.

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Hackers Donate Stolen Bitcoins To Two Charities

Oct. 23, 2020, 12:47 p.m.

Darknet, a mysterious group of hackers, have donated a portion of the proceeds of bitcoins it extorted from companies in a ransomware attack to two charities in the USA.The group posted the tax receipts for its 0.88 BTC ($10,000) donations in a blog post on the dark web claiming to “make the world a better place” with the donations.

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Toyota Supports Ugandan Startup With $4 Million

Oct. 21, 2020, 4:40 p.m.

The trading arm of multinational automotive manufacturer, Toyota, has invested $4 million in Tugende, a credit facility startup that offers loans to assist informal sector entrepreneurs.Tugende began offering motorcycle loans to riders after it launched in 2019. Eventually, the company expanded to offer loans for fishing boats, sewing machines, refrigerators for small shops and minibus taxis.

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