FINTECH Volanews

Mamo Pay, a Dubai fintech founded by former Google employees raises $1.5 million to revolutionize P2P payments in the region Mamo Pay also wants to offer solutions to low-income workers in the region who are normally unable to open traditional bank accounts.

by MENAbytes

2020-04-08

AFRICA FINTECH M-PESA

East Africa’s Largest Telco Now Fully Owns M-Pesa, Africa’s Biggest Mobile Money Platform By way of the acquisition, Safaricom and Vodacom are taking complete control of the M-Pesa brand, its product development and support services as well as the platform’s African expansion.

by WeeTracker

2020-04-08

PHILIPPINES FINTECH Payments

PH tech firm Voyager bags $120m investment commitment from KKR, Tencent, others Voyager Innovations operates PayMaya Philippines, one of the country’s leading payments platform.

by DealStreetAsia

2020-04-07

KENYA FINTECH Pezesha Africa

Kenyan fintech Pezesha wins Best Catapulter Award at LHoFT Kenyan fintech startup Pezesha won the Best Catapulter Award at LHoFT’s Catapult: Inclusion Africa fintech bootcamp.

by ventureburn

2020-03-27

EGYPT FINTECH Fawry

Mohamed Okasha steps down as Fawry’s managing director to launch $25 million fintech fund The fund will invest in Egyptian fintech startups across different stages.

by MENAbytes

2020-03-27

KENYA TRANSPORTATION Matatus

Matatus take up mobile payments in bid to limit the spread of COVID-19 Matatus, Kenya’s public service vehicles have been urged to take up mobile payments starting from Nairobi, in a bid to limit the spread of the Coronavirus from cash payments.

by kenyandigest

2020-03-26

INDIA FINTECH CoinDCX

CoinDCX raises $3M in Series A round led by Polychain Capital, Bain Capital Ventures The funds raised will reinforce CoinDCX’s nationwide efforts to promote crypto adoption, as well as bolster its next phase of development, including product and service enhancements, research and development, marketing activities, and human resource growth.

by YourStory

2020-03-25

UAE FINTECH RISE

Rise, GCC’s Leading Fintech Platform for Modest-income Migrants Raises Seven-figure Investment Led by MEVP With the secured funds, Rise will expand its team, further develop it financial products and services, and increase its footprint to Bahrain and Saudi Arabia.

by magnitt

2020-03-24

INDIA FINTECH MobiKwik

MobiKwik scoops up $29.5 mn in a fresh funding round Mobikwik provides financial services that include a digital wallet, lending, insurance, investments in mutual funds, gold and payment gateway.

by techcircle.in

2020-03-24

INDIA FINTECH Vivriti Capital

Digital lending startup Vivriti Capital raises $50M in Series B round from LGT Lightstone Aspada According to the startup, the funds will be used for scaling up Vivriti Capital's balance sheet and raise more debt, as well as to further expand its technology and data science functions.

by YourStory

2020-03-19

SINGAPORE FINTECH MatchMove

SG’s fintech startup MatchMove joins digital bank race The MatchMove-led consortium is the latest group to announce it’s submitted an application for a digital full banking license to the Monetary Authority of Singapore.

by DealStreetAsia

2020-03-19

CHINA FINTECH Central Bank

China's central bank: the number of mobile payment services in the fourth quarter of last year increased by 73.56% year-on-year The central bank released the overall operation of the payment system in the fourth quarter of 2019.

by tellerreport

2020-03-18

INDIA FINTECH Fintso

Fintech startup Fintso raises $2.6M in maiden round Fintso, a deep-tech based PaaS (Platform-as-a-Service) startup, was founded by wealth management industry veterans George Mitra and Rajan Pathak.

by YourStory

2020-03-18

INDIA FINTECH KhataBook

MS Dhoni backs fintech startup KhataBook The firm plans to use the proceeds from the latest equity investment to expand its product portfolio and double down on its technology and capabilities.

by YourStory

2020-03-18

INDIA FINTECH SmartCoin

Micro-lending startup SmartCoin raises over $7M led by LGT Lightstone Aspada The startup plans to use the current round of funding to primarily grow their loan book. It also aims to expand its data science team, advancing their AI/ML-based underwriting platform, launching new products and growing its user base to 10 million.

by YourStory

2020-03-18

CHINA FINTECH ALIPAY

UK’s TransferWise taps into China market with Alipay tie-up The move would help TransferWise tap into Alipay‘s over 1.2 billion strong userbase, furthering its Asia expansion.

by DealStreetAsia

2020-03-17

INDONESIA FINTECH Cashlez

Indonesia’s Cashlez to raise $6m in April IPO, to buy IT firm Founded in 2015, Cashlez claims to have handled transactions worth 3.8 trillion rupiah as of 2019 end.

by DealStreetAsia

2020-03-17

CHINA FINTECH Credit Life

Guangzhou-based fintech company Credit Life completed tens of millions of yuan in Pre A + funding This fund will be used for platform research and development and business promotion.

by Blake

2020-03-13

INDIA FINTECH FamPay

FamPay raises $4.7M in seed round from Y Combinator, Sequoia, and others The startup will use the investment to build a world-class engineering team, to develop its technology and accelerate growth.

by YourStory

2020-03-13

SINGAPORE FINTECH ShopBack

SG’s cashback app ShopBack closes $75m round led by Temasek The extra capital will be deployed into enhancing ShopBack’s technology infrastructure and expanding data capabilities to unlock new business insights.

by DealStreetAsia

2020-03-13