M-KOPA Kenya, the Kenyan subsidiary of pay-as-you-go startup M-KOPA Holdings, has crossed $1.6 billion (KES 207 billion) in credit given to its custom
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In 2015, Watu Credit co-founder Andris Kaneps physically transferred a small cash loan to a women’s group in Kenya’s coastal city of Mombasa, a transa
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After over a decade of investment and expansion across Africa, M-KOPA has finally turned a profit. The Nairobi-based asset-financing startup reported
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Watu, a Kenyan buy-now-pay-later startup, is targeting revenues of KES 44 billion ($340 million) in 2025 as it pivots towards smartphone lending, whic
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Uganda has no shortage of hackathons, accelerators, or training programmes for young entrepreneurs. What it lacks is money. “Everyone wants to train y
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When Leon Kiptum left his role at Flutterwave in June, his goodbye post on LinkedIn didn’t read like the end of a chapter; it felt like a gentle turni
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Two weeks after entering administration in March, Kenyan buy-now-pay-later (BNPL) startup Lipa Later co-founder, Eric Muli, tried to raise $5 million
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On most maps of African venture capital, Uganda does not even make the key. Investors, accelerators, tech reporters—almost everyone has their gaze fix
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Kenya is proposing to scrap tax breaks on employee stock ownership plans (ESOPs) for early-stage startups, a move that risks gutting one of the few in
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The Competition Authority of Kenya (CAK) has cleared Nigerian fintech Moniepoint to acquire a 78% stake in Sumac Microfinance Bank, paving the way for
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Craydel, a Kenyan edtech that helps students apply to universities abroad, has launched in Rwanda and is expanding its Nigerian team as part of its am
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Safaricom’s M-Pesa is set to join the Pesalink network, which could significantly reshape Kenya’s digital payments landscape. In a proposal submitted
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Ampersand, a Rwandan electric motorcycle manufacturer, has raised a $2 million Series A extension to expand to other East African countries. It brings
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PrivPay, a Kenyan fintech that allowed customers to make M-PESA transactions without revealing their personal details, shut down in May 2023 after Saf
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Mobius Motors, a Kenya-based automaker backed by Playfair Capital, has entered a voluntary liquidation after efforts to rescue the company for nearly
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The Central Bank of Kenya (CBK) plans to issue payment licences to fintech startups soon, an important softening of an earlier stance that will open u
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In recent years, a handful of Latin American fintechs have made inroads into Africa to tap into its growing digital payments market. The latest entran
Read MoreMonths after the board of the agricultural data platform Gro Intelligence replaced CEO and founder Sara Menker, the New York and Nairobi-based company
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Tanzania’s Central Bank will no longer allow unlicensed digital lenders to operate in the country and has told customers to look out for valid l
Read MoreCellulant, the pan-African payments startup valued at $133 million in 2022, has named new executives three months after the CEO and four other senior
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