Egypt's MNT-Halan Raises $157.5M, South African Fintech Peach Payments Acquires Operativa, USA's Ticketmaster Snaps Up Africa's Quicket, and More
Africa Fintech Summit
The global initiative dedicated to building an ecosystem of investors, pioneers, industry leaders in African Fintech.
What's inside?
? Ticketmaster takes its first steps into Africa with acquisition
? MNT-Halan raises massive $157.5M funding round
? SA's Peach Payments acquires software development firm
? Mercury sets date for the closure of its accounts
AND MORE!
Making the news
IT WAS A BIG WEEK for African tech industry acquisitions - both within and outside Africa?
The USA's Ticketmaster acquires Quicket, one of the fastest growing and most popular event and festival ticketing companies in Africa. South African fintech, Peach Payments, acquires Operativa a company that develops custom software. Egypt's MNT-Halan raises $157.5M with plans to spend part of the round on acquiring Turkey's Tam Finans. Nigeria's RiseVest announced that it is in acquisition talks with shareholders in Kenya's Hisa with expectation to close the deal in the near future.?
Startups in 13 African countries to lose access to bank accounts as offered by US digital bank Mercury
"Effective 22nd August this year, American digital bank, Mercury Bank will close all business accounts in 37 countries around the world – a move that has caused jitters within the continental startup ecosystem. Some of the affected African countries will include Nigeria, Sudan, South Sudan, Cameroon, Burundi, Congo Republic, DRC, Zimbabwe, Somalia, Mali, Liberia, Mozambique, and the Central African Republic." The Kenyan Wall Street.?
Banking & Telecom Activity
Startup Activity
Egypt - Fintech company MNT-Halan raises $157.5M for expansion into Turkey via acquisition of Tam Finans, an MSME financing startup?
Kenya - Social enterprise One Acre Fund raises $1.4M debt financing to support smallholder farmers across East Africa?
Nigeria - InvestTech startup RiseVest announces acquisition talks with shareholders in Kenya's Hisa, an app for retail stock trading of both Kenyan and US securities
South Africa - Fintech startup Peach Payments acquires Operativa, a firm that develops custom software?
Investor Activity
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Featured Read ?
Finance and Foreign Ministers Call for Reform of Global Financial System - The Kenyan Wall Street
"At the meeting, known as Addis Ababa Action Agenda, participants from 103 countries pushed for radical reform to fix the structural flaws in the international finance and tax architecture. The Addis Ababa meeting this July is the first of four on the issue ahead of a 2025 conference in Spain on reforming global financial systems." Continue reading.?
2024 Startup Funding to Date - WeeTracker
AFTS community in the news
MNT-Halan raises $157.5M just 17 months after becoming Egypt's first unicorn?
"The International Finance Corporation (IFC) led the round with a $40 million investment, joined by existing investors such as Development Partners International (DPI), and Lorax Capital Partners, funds managed by Apis Partners LLP, Lunate, and GB Corp." Continue reading.?
AFTS in the headlines
LAST CHANCE TO APPLY!
Applications for the Africa Fintech Summit's 7th cohort of the AlphaExpo Micro-Accelerator closes on Wednesday, July 31st!?Apply now -?https://forms.gle/xjG7bSEsW8sS78tg7?
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Behind the venue - JW Marriott Nairobi
Nairobi's newest 5-star hotel, the esteemed JW Marriott in the Westlands neighborhood, is hosting AFTSNairobi. The hotel has only been open for less than 6 months and includes world-class amenities such as a heated pool, several restaurants, and high-tech conference facilities. Fortunately, AFTSNairobi delegates can get discounted stay at the JW through our many year's long partnership with Marriott Hotels. Unlock your discounted stay TODAY!?