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Techfoliance AFRICA | 23 September 2018

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Western Africa

ALAT, the digital-only bank by Nigeria-based Wema bank

10 July 2018 |

Nigerian bank Wema announced the launch of a fully functional digital bank called ALAT to address the challenges of financial inclusion in the region.

With ALAT, customers can now do all their banking transactions without being physically present at a … Read More

Binkabi to pilot tokenized commodity trading in Nigeria

2 July 2018 |

Binkabi, a blockchain-based commodity trading network, is coming to Lagos on July 5th for a meetup at Zone Tech Park that will teach participants how to make money by trading commodity-backed tokens.

Binkabi’s CEO Quan Le and Chief Economist Dr. … Read More

Standard Chartered unveils first digital-only bank in Ivory Coast

17 May 2018 | | One Comment

Standard Chartered is actively contributing to better serve the unbanked, especially in Ivory Coast where it recently launched the first digital-only bank.

The potential of Africa in the banking industry is endless, with high mobile penetration rate that can today balance … Read More

FinTech start-ups allow Nigerian SMBs accept payments online

1 May 2018 |

Disadvantages for African small businesses (SMBs) are very often the numerous obstacles they face to enter the market, from simple tasks like registering a business to more vital issues such as accessing credit. Nigeria is no exception, and many tech … Read More

Nigeria’s plan to become Africa’s leading Fintech hub

22 February 2018 |

Last January, the Nigerian Stock Exchange and Fintech Nigeria, country’s main association in financial technologies, announced a strategic collaboration to support new entrants in the Nigerian capital market.

According to Dr Segun Aina, Chairman of Fintech Nigeria:

“Fintech Nigeria has … Read More

“Mojaloop”, an open-source banking software to better serve unbanked in Africa

17 February 2018 |

The Bill and Melinda Gates Foundation has been partnering with Fintech start-ups around the world to support financial inclusion in emerging countries.

Last October 2017, the Gates Foundation launched “Mojaloop” , an open-source banking software, in collaboration with five Fintech scale-ups: Ripple, Dwolla, ModusBox, Software … Read More

African FIs can plug-in to the best Fintech with FinForward

13 February 2018 |

The Fintech program was launched last September 2017 by the Dutch Development Bank (FMO) and Above & Beyond Tech (a&b), a Miami-based company dedicated to accelerating the digital transformation of the financial industry.

FinForward At a Glance

FinFoward is a program designed to … Read More

African Fintech Mapping Week #6: Jamii, MoneyFellows, Fiftyfor and PayPass

9 January 2018 |

Every week, Techfoliance highlights four promising Fintech start-ups across Africa in various verticals: Digital Banking, Payments, InsurTech or Investment. In this weekly FinTech mapping we have Jamii, MoneyFellows, Fiftyfor and PayPass.

Jamii

Jamii is a Tanzania-based Insurtech that has developed … Read More

[Facts&Figures] Digital innovation in Africa’s insurance industry by Deloitte

18 December 2017 |

Techfoliance is extracting key data and facts from industry reports on the rise of Fintech in Africa so that you can focus on what matters the most for you.

In this report published on August 2017, the consulting firm oitte … Read More

Afreximbank, a gateway for Africa’s digital transformation?

13 December 2017 |

In April 2016, the African Export-Import Bank (Afreximbank), a pan-African Eximbank based in Egypt, first announced its intra-African trade strategy to strenghen trade among African countries to $250 billion by 2021.

Since then, the Afreximbank has accelerated and received the support … Read More

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