South Africa

MTN enters payments market with MoMo Pay targeting cash-heavy informal sector

MTN South Africa has entered the competitive payments market with MoMo Pay, a low-cost digital payment platform designed for informal…

1 day ago

Onafriq appoints former PPRO chief Simon Black as board chair

Onafriq, a pan-African digital payments network, has named Simon Black as chair of the board of its UK holding company…

2 days ago

South African fintechs Paymenow, TymeBank, Omnisient make FT’s Africa fastest-growing companies list

Three South African fintech startups, Paymenow, TymeBank, and Omnisient, have been named in the Financial Times (FT) Africa’s Fastest-Growing Companies…

2 days ago

South Africa’s SOLmate doubles users to 100,000 as eWallet surge drives growth

South African fintech startup SOLmate has doubled its active user base over the past year to about 100,000, driven by…

3 weeks ago

South Africa’s payments startup  Stitch raises $55 million Series B funding

Stitch, a South Africa-based payments infrastructure startup founded in 2021, has raised $55 million in a Series B round, bringing…

1 month ago

South African fintech Stitch acquires ExiPay to expand into in-person payments

Stitch, a South African fintech startup that provides online payments infrastructure for large enterprises, has acquired ExiPay, a startup that…

4 months ago

M-KOPA appoints former Nokia CEO Rajeev Suri as new board chairman

M-KOPA Holding, a Kenyan startup that offers financing for smartphones and solar systems, has appointed former Nokia CEO Rajeev Suri…

7 months ago

Chowdeck “looking at” South Africa and Kenya for possible expansion

Chowdeck, a Nigerian YC-backed food delivery platform, could consider expanding to South Africa, Kenya, and Ivory Coast.  “We are still…

7 months ago

End of load shedding tests South Africa’s solar industry

It’s been 151 days since South Africa experienced load shedding, a deliberate rationing of electricity supply to prevent failure of…

9 months ago

Exclusive: TymeBank to launch in Indonesia as it continues Southeast Asia focus

TymeBank, the South African digital bank with R4 billion ($222 million) in customer deposits, will launch in Indonesia by the…

9 months ago

Exclusive: Hohm Energy in financial distress months after $8m raise

Hohm Energy, the South African solar company that announced a $8 million seed round in February, is currently not operational due to…

10 months ago