If you want to get into the banking industry, you have to go all out to find a microfinance bank license. The first thing you need to do is to take the exam. Once you have obtained the license, you can then get your banking career off the ground. However, to get your career off the ground, you have to have a solid plan that outlines how you will achieve your goal. This means figuring out how you will raise funding, getting a microfinance bank license, and having a full-fledged banking experience by the end of the year. Raising EUR10…
Author: Mohammed
Global Africa is a series of five conferences and exhibitions for technology companies that are aimed at making the lives of Africans better. The first conference took place in September in Cape Town. It was attended by more than 500 participants from more than 60 countries. Some of the companies featured in the event were PayPal, Lori Systems, Autochek and Stitch. Lori Systems Lori Systems is one of the most innovative companies launching in the African tech sphere. The company is currently based in Kenya but has recently expanded to South Africa and Nigeria. Its flagship product is an on-demand…
The Fintech sector in Africa has been growing steadily for a few years now and this is one of the reasons why FTX Keneoka for Tech Crunch recently made its first investment in Africa. This is an exciting development for all involved as the booming sector is likely to continue to expand in the coming years. FTX’s first investment in Africa FTX, a crypto derivatives exchange, has made its first investment in the African market. The firm plans to leverage the infrastructure of Chipper Cash, an African cross-border payments company, to facilitate money transfer. FTX’s initial investment is a move…
It is very important to be aware of the latest technology in the market. The new technologies have made the world more technologically advanced. However, it is very difficult to understand these new technologies. Hence, it is best to seek professional help. Luckily, there are many companies that can provide you with these services. These companies specialize in developing and designing mobile applications for smartphones. You can get in touch with the companies by searching the internet. Float In the world of fintech, Float is a company that stands out. This company provides financial and software tools to manage and…
Fair Money is a mobile finance app that has been gaining popularity in South Korea and around the world. It has already reached 1.3 million users and plans to bring a more comprehensive finance banking experience to the users. 1.3 million users FairMoney is a mobile app that allows microloans in Nigeria. The company uses geolocation and other factors to get an idea of your borrowing power in a few seconds. They offer loans ranging from EUR10 to EUR350. Loans can be paid back in cash at partner bank tellers or via SMS transfers. There are also plans to allow…
Fairmoney is an internet-based company which provides payment solutions to Nigerians. The company plans to expand its product offering and invest in a funding round. Read on to find out more about the company’s future. Funding round FairMoney is an instant loans, bill payments and current account service provider in Nigeria and India. The company plans to expand its offerings and become a financial hub for its users in the coming years. Founded in 2013, FairMoney has been providing a range of services to consumers in emerging markets. Using advanced technology, it connects with its users and disburses loans through…
E-Commerce is expected to grow by 30% this year to reach a total of $7.5 billion in Egypt, according to research conducted by RMBC Keneoka for TechCrunch. This is a positive development for both local businesses and investors. However, the growth of e-commerce in Egypt has not always been easy, as the country is still adjusting to the challenges of the economic downturn. Some companies have struggled to attract investors, and others have failed to meet the high expectations of their potential clients. QED Investors QED Investors is a venture capital firm that specializes in investing in early-stage financial technology…
Chipper Africa, a cross-border payments startup, announced on Wednesday it has raised a $100 million Series C round of funding led by Silicon Valley Bank’s investment arm SVB Capital, Bezos Expeditions, Ribbit Capital, Decidens Capital, and TymeBank. The company, which already had a substantial presence in Africa, plans to use the money to expand its product portfolio and employee headcount. When Ham Serunjogi and Maijid Moujaled founded Chipper in 2017, they were just two young Ugandans with a big idea: to create an app that would allow Africans to send and receive money across borders. Their goal was to take…
If you are a potential investor in a startup, you are likely looking for some insight on the startup’s business model, financials, and founders. This article will give you some insights on all of these topics. The article will also cover some expansion plans, too. Founders The founders of Capiter say that they are on the verge of achieving $1 billion in annual revenue. In an interview with TechCrunch last September, they touted their platform’s accomplishments. They also noted that they’ve raised $33 million in Series A funding. Their investors include Savola Group, a company that is arguably the largest…
Dash is a Ghana-based venture that uses an alternative payment network that combines mobile money with traditional banks. Its founder, Prince Boakye Boampong, is also the CEO of the company. Read on to learn more about the company, its revenue model, and its seed round. Dash’s founder and CEO Prince Boakye Boampong Prince Boakye Boampong is the founder and CEO of Dash, a company that makes the mobile money and banking combination more seamless. He is also the founder of OMG Digital, Inc., a YC backed media startup that grew its user base from zero to eight million unique visitors…