Africa Fintech Summit

👋 In case you missed our special announcement at #AFTSLusaka2023: the Africa Fintech Summit will take place in Nairobi, Kenya, from September 4-6, 2024! 🇰🇪 Tagged the “Big Four,” Nigeria, South Africa, Kenya, and Egypt are the leading tech ecosystems in Africa. An AFTS edition has been held in each location except Kenya, but that changes this year! Register to attend #AFTSNairobi2024: https://lnkd.in/etdBE9m Zekarias Amsalu Dubale, FCCA Andrew Barden Stella Nkole Sata Samke S. Mhlongo #fintech #financialservices #financialinclusion #africanstartups #tech #innovation

Innovative fintech solutions are simplifying the movement of money across borders for everyday consumers and businesses while complying with complex regulations across multiple regions. Watch AFTS panelists discuss how they are solving pain points in cross-border payments and remittances. Expect similar expert-led conversations at #AFTSNairobi2024. Get tickets here: https://lnkd.in/dskpWc7N https://lnkd.in/d7_ergFr Akaego Okoye, Benjamin Fernandes, Nael Hailemariam, Steven Marshall, Albert Owusu-Asare #fintech #financialservices #remittances #payments #crossborderpayments #africa

Raenest, a fintech startup that enables African businesses to transact globally with US business bank accounts, corporate cards and a multi-currency wallet system, has received an International Money Transfer Operator license from the Central Bank of Nigeria. “This significant milestone marks a new chapter for Raenest as it expands its services to facilitate seamless international money transfers for its growing base of customers. The IMTO licence authorises Raenest to provide efficient, secure, and cost-effective cross-border payment solutions, further enhancing its commitment to financial inclusion and economic growth across Africa.” Via TechCabal. https://lnkd.in/d_hCZBxG #fintech #financialservices #businessbanking #africanstartups #regulatoryaffairs Victor Alade, Richard Oyome

Intron Health, a Nigerian AI startup specializing in speech-to-text transcription tools for healthcare professionals, has secured $1.6 million in pre-seed funding. The company plans to expand its team, advance research and development, and enhance its cloud and on-premise platform capabilities. “The company cares for more than 56,000 patients currently across its partners with over 30 public and private hospitals across Nigeria and Kenya—including the University of College Hospital, Ibadan, Aminu Kano Teaching Hospital (AKTH) Kano, Babcock Teaching Hospital Ogun, and Meridian Health Group Nairobi. “Its seed round was led by Microtraction, with participation from Plug and Play Ventures, Jaza Rift Ventures, Octopus Ventures, Africa Health Ventures, OpenseedVC, Pi Campus, Alumni Angel, and Baker Bridge Capital.” Via TechCabal. https://lnkd.in/dT5t-4Ft Tobi Olatunji MD #funding #healthtech #africanstartups #ai #generativeai

A journey that began in Lagos in 2018 has taken us to Addis Ababa (2019), Cario (2021), Cape Town (2022), and Lusaka (2023). This September, we make a long-overdue stop in Nairobi, Kenya, for another edition of the Africa Fintech Summit. Join us at #AFTSNairobi2024 from Sept. 4-6 for ecosystem-building conversations, meaningful connections, and more: https://lnkd.in/dskpWc7N  #fintech #financialservices #fintechevent #techevent #africa

Village Capital, a global non-profit organization that backs early-stage startups, has invested $850k in two African agtech startups: Kenya’s AquaRech LTD and Nigeria’s CoAmana. Aquarech and Coamana will receive $350k and $500k, respectively. “Aquarech is a B2B and B2C company and offers fish farmers a buy now pay later solution  (BNPL) for fish feed. The startup also provides training and other precision agriculture tools that help fish farmers learn about best practices and improve incomes. “Hafsah Jumare launched Coamona in 2018 to help digitize farmer management processes. Through its marketplace products, Amana Market, farmers and traders can sell their products, get loans, and access real-time market prices and purchase requests.” Via TechCabal. https://lnkd.in/d7acDG4Z 

Why are events like the Africa Fintech Summit important? For Aisha Bond, Esq., President/CEO at The Greater Washington DC Chamber of Commerce, it’s because they enable entrepreneurs to make valuable connections that fuel innovation and business growth. Join us at #AFTSNairobi2024 (Sept. 4-6) to connect with like-minded innovators, industry leaders, and investors. Register here: https://lnkd.in/dskpWc7N. #fintech #financialservices #fintechevent #techevent #africa #partnerships #networking

UNDP Africa and timbuktoo Africa have unveiled the inaugural cohort of fintech startups accepted into the timbuktoo Fintech Hub. The selected startups will receive various growth-enabling resources, including equity-free funding of up to $25k. Congratulations to the selected startups: AI-KING-GROUP, Amanleek, CashEx, ConNet, Credit Line Africa, CYTO , Eazy Chain,Inc., eMaisha Pay (Baobab ‘24), eQUB, Futa, Famasi Africa, GawaPay, Hafide Accounting, HuluCares, doo!, Ipachi Capital, Innovative CLAN, Khairy-Consulting, MlimiPay, Nilpay, Inc, nobuk, Oystr Finance LTD (Techstars ‘22), Pay Lesotho, Periculum, Patient Care, Primed E-health, Sandoog, DukaTechnologies-SHOPOKOA, SistersDesign, Smart Ikigega, SoftLab, Teleka Financial Inclusion Software, Telneting, Tendo (YC W22), partyapp, Trade Lenda, myRunner, UltraTeb, Unfrauded, VOLET Technologies S.A., Waychit, YouTech, Cranitech Limited, and Payme Finance. “The premiere cohort will benefit from comprehensive support including mentorship from leading African fintech experts and entrepreneurs, access to state-of-the-art facilities at the pan-African Fintech Hub based in Lagos, Nigeria, connections to investors and potential partners, tailored support to refine products and scale operations, and equity-free funding up to $25,000 USD.” Learn more: https://lnkd.in/dsRpYbgB #fintech #financialservices #startup #africanstartups

Rise, a Nigerian fintech startup that gives users access to global investments including US stocks, is in talks to acquire Kenya’s Invest with Hisa, another investtech startup. This would be Risevest’s pathway into Kenya and the startup’s second acquisition after it snapped up digital trading company Chaka in 2023. Speaking about the potential deal, Eke E. Urum, founder and CEO of Risevest, said, “We’re always discussing with other companies to see where potential alignments can be created, but for now, nothing is concrete with Hisa yet.” “Acquiring Hisa will allow RiseVest to gain market share in Kenya without registering a new entity and obtaining new licences.  Founded in 2020 by Eric Asuma, Hisa is licenced by the Capital Markets Authority of Kenya (CMA) and the Nairobi Securities Exchange (NSE). Fintechs that offer global investing opportunities to Kenyans are relatively new, with Hisa and Ndovu being the most visible, with the market long dominated by commercial banks that often have investing arms.” Via TechCabal. https://lnkd.in/d9MZrevR #fintech #financialservices #investingn #investtech #africa #acquisition

We’ve got a gem of an announcement! Diamond Trust Bank (DTB), a renowned financial institution with a 78-year legacy in East Africa, has entrusted us to provide an advanced platform for empowering its digital innovation and expansion.   This partnership will enable DTB to benefit from a variety of payment products and services including debit, credit and prepaid card hosting and processing as well as e-Commerce. It will also have access to our value-added services such as card fraud prevention, 3D Secure authentication, and card control solutions.    We’re excited to support DTB in meeting the growing demand for digital payments across East Africa.   Read More: https://lnkd.in/dbcwhkCV #NetworkInternational #DigitalPayments #DTB #Partnership #EastAfrica #DigitalBanking