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Ghanaian fintech Affinity bags $8M to scale digital banking in a mobile money-market

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Africa’s top digital banking platforms typically dominate high-growth, populous markets like Nigeria, South Africa, and Egypt. But Affinity Africa, an upstart from Ghana, wants...
Tech for Business

QED leads $11M investment in Nigerian fintech Raenest

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As Africa’s tech ecosystem booms, more local talent is landing remote jobs with Big Tech firms and global startups. But getting paid remains a...
Tech for Business

Fintech Rapyd seeks funding at $3.5B valuation, a steep drop from $9B

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Rapyd Financial Network is looking to raise $300 million in a new funding round that would value the global payments platform at $3.5 billion,...
Tech for Business

Fintech Ramp lands Eagles’ Saquon Barkley as investor and Super Bowl commercial star

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Philadelphia Eagles’ star running back Saquon Barkley has not only become an investor in fintech startup Ramp, he is also the star of the...
Tech for Business

CFPB fines fintech Wise, alleging it charged deceptive fees

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The Consumer Financial Protection Bureau (CFPB) has hit UK-based remittance company Wise with about a $2 million fine for what it described as “a...
Tech for Business

Fintech startup Cushion shuts down after 8 years and over $20 million in funding

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Cushion, a fintech startup that described itself as the “Plaid for buy now, pay later (BNPL),” has shut down. On Thursday, founder and CEO Paul...
Tech for Business

Uber-backed mobility fintech Moove acquires Brazil’s Kovi, takes ARR to $275M

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Uber-backed Moove, an Africa-born mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers across six continents, has acquired Kovi, a Brazilian...
Tech for Business

Formance raises $21M to build the AWS for fintech infrastructure

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If you talk to a fintech entrepreneur about their business, chances are they’ll end up talking about ledger issues at some point. A ledger...
Tech for Business

This fintech has a fix for the biggest cross-border payments issues in Francophone Africa

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Until a few years ago, it used to be difficult to make payments across borders almost anywhere in the world. But it’s still a...
Tech for Business

Method is helping fintech companies like SoFi build repayment functionality into their apps

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It can be challenging for developers of fintech apps to integrate repayment, balance transfer, and bill pay functionality. Devs often have to deal with...
Tech for Business

African fintech Moniepoint gets Visa backing, plans to work on contactless payments

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Visa has joined African fintech Moniepoint as a new investor. The business banking and payments platform confirmed to TechCrunch that it received a “strategic...
Tech for Business

Indian fintech Jar turns cash flow positive

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Indian fintech Jar has turned cash flow positive, an executive at the Tiger Global-backed startup confirmed on Wednesday, as it gears up to deepen...
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