Prosper Africa Launches Tech for Trade Alliance at #AFTSDC2023, Yellow Card Partners with Dorsey's Block, Peach Payments Raises $31M, And More
Africa Fintech Summit
The global initiative dedicated to building an ecosystem of investors, pioneers, industry leaders in African Fintech.
What's inside?
? Prosper Africa launches its Tech For Trade Alliance
? Peach Payments raises $31M USD in latest funding round
? Camel Ventures launches $16M USD fintech-focused fund
? Yellow Card partners with Dorsey's Block
AND MORE!
Making the news
US Government's Prosper Africa Tech for Trade Alliance officially launches and has big plans for supporting Africa's technological and trade revolution?
"The US Government initiative,?Prosper Africa , has launched the Tech for Trade Alliance in collaboration with the US Agency for International Development (USAID), major US companies and Government agencies. The announcement was made at the?Africa Fintech Summit ?held on April 12, 2023, in Washington DC at the Walter E. Washington Convention Center.?"?Learn more .?
Cassava Technologies pledges ~$250M USD investment in South Africa through its subsidiaries Liquid Intelligent Technologies, Africa Data Centres, and Distributed Power Africa
"Through the investment, Cassava, which has operations in Africa, the Middle East, Europe, USA, and Latin America, will continue to bring internationally recognized services and products to South Africa through the group’s renewable energy, cloud & cyber security, data centres and broadband connectivity business units."?Learn more .?
Startup Activity
Nigeria?- Mobility startup,?Shuttlers, raises $4M USD ?with participation from Verod-Kepple Africa Ventures and EchoVC?
Rwanda?- Neobanking startup,?Payday, raises $3M USD ?seed round to power the company's expansion in Europe and North America
South Africa?- Fintech startup,?Paymenow, raises ~$14M USD ?debt facility from Rand Merchant Bank to help fund the earned wage access platform's growth
South Africa?- Fintech startup,?Peach Payments, raises $31M USD ?from Apis Partners to drive expansion in its operational geography and in its product offering?
Investor Activity
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Founder Resources?
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Featured Article
US & African Fintech Ecosystem Stakeholders Commits to Deepening Economic Partnerships at Africa Fintech Summit 2023 - TanTV Studios
"According to Toloui, the United States is bringing together the US government resources to work in tandem with African countries on key digital issues expanding access building up infrastructure increasing digital literacy and convening the right stakeholders to jumpstart investment. Innovators and CEOs who attended the summit expressed how helpful the?AFTS?is for their companies as well as young entrepreneurs who are just starting out."?Continue reading .?
AFTS partners in the news
Dorsey's Block and Yellow Card announce partnership at AFTSDC2023 to enable access to a network of fiat on and off ramps as well as crypto payments in 16 countries
"According to the shared press release, the objective behind the partnership is to increase the accessibility and affordability of cross-border payments and liquidity exchanges while offering compliant cross-border payments and fiat off-ramps." Learn more .?
APPLY NOW: AWS FinTech Africa Accelerator application is live!?
"Pre-seed and seed stage fintech founders operating in Africa and building companies to solve fundamental issues in payments, open/embedded finance, digital banking, blockchain, decentralized finance, fintech-as-a-service, and other fintech categories are encouraged to?apply to the upcoming accelerator cohort ?between now and April 27, 2023."
AFTS in the headlines
Thank you to all of our speakers, sponsors, partners, and delegates?who helped make the 9th edition of the Africa Fintech Summit a tremendous success! Be on the look out for the full AFTSDC2023 summary email in the coming days... see you in Lusaka, Zambia this November 15-17, 2023!
NEW PODCAST with guest, Eugene Tawiah
On this week's edition of the Africa Fintech Rising podcast, Eugene Tawiah (Co-Founder & CEO, SecondSTAX) sits down with Andrew to discuss the role that SecondSTAX is playing in revolutionizing how Africans and corporates interact with and invest in African capital markets.?Listen now .?
Senior Operations Officer (Assistant) at Human Capital, Youth and Skills Development Department AHHD
1 年Thanks for sharing Eugene Tawiah , every meaningful and insightful.