SVB-led $100M investment makes Chipper Cash Africa’s ‘most valuable startup’

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Fintech in Africa is a goldmine. Investors are betting big on startups offering a plethora of services from payments and lending to neobanks, remittances and cross-border transfers, and rightfully so. Each of these...

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WorldRemit partners OK Zimbabwe as remittances double in six months

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International money transfer services provider, WorldRemit has reported that remittances to Zimbabwe on its platform have doubled in the last six months driven by the availability of cash collection...

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ACE Money Transfer Secures New Investment!!

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ACE Money Transfer secured an investment of £ 1.5 million, amid promising growth, from a London based investment firm to extend its current operations. ACE Money Transfer has entered into...

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Visa Partners Ghana’s Zeepay to Ease Diaspora Payments Through Direct Money Transfer

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Ghanaian fintech, Zeepay has announced a partnership with Visa which will enable people in foreign countries to directly transfer money to Visa debit and prepaid cardholders in Ghana. The...

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Remitly Grows During Pandemic as Digital Money Transfer Business

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The ongoing COVID-19 pandemic has generated growth opportunities for technology-driven money transfer companies. The Seattle-based digital remittances startup Remitly just joined the unicorn company club, raising $85 million in a Series...

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Digital money transfers get Covid-19 boost as consumers shun cash

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Digital transfers of money have seen a rise in use during the Covid-19 pandemic, while cash has seen a sharp decline. This is according to research published by Paysafe, which surveyed...

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inwi money partners with WorldRemit & MFS Africa; launches international money transfer capability

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inwi money, a subsidiary of inwi and global telecommunications operator in mobile money services has announced an expansion of its offering with the launch of an international money transfer...

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Online Money Transfer Service Remitly Announces Expansion of Mobile Wallet Network

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Remitly, a U.S.-based online money transfer service for immigrants, announced on Wednesday the expansion of its mobile wallet network, which now reaches over 300 million mobile wallet holders across...

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Germany’s platform for remittances to Africa’s entrepreneurs

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Africans in the diaspora routinely send money to relatives and friends at home. A new online platform makes it possible to direct some of those remittances to the entrepreneurs...

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