Ugandan Fintech, Numida, Raises $12.3M, Kenya's Finance Minister Strongly Backs Fintech, Knife Capital Makes Second Close of $50M Fund, and more
Africa Fintech Summit
The global initiative dedicated to building an ecosystem of investors, pioneers, industry leaders in African Fintech.
What's inside?
? Kenya's new Minister of Finance speaks strongly about?fintech's role in the economy
? Uganda's Numida raises $12.3M USD round led by Serena Ventures
? Knife Capital makes 2nd close of $50M USD fund
? Biometrics startup iiDENTIFii raises $15M USD
AND MORE!
Making the news
Kenya's new Minister of Finance sees fintechs playing key role in driving financial access and contributing to all sectors of the economy
Prof Njuguna Ndung’u, the previous Governor of the Central Bank of Kenya, will be joining President Ruto's new cabinet as the Minister of Finance. Prof Ndung'u lauds Kenya's?fintech innovations and believes that?fintechs can help the country drive financial inclusion and enable citizens to establish more sustainable business models across all sectors of the economy.?Learn more.?
Startup & Funding Activity
?Ghana?- AgTech startup,?Farmerline, marks second close?of its pre-Series A round bringing the round total to $14.4M USD as the company plans West Africa expansion
?Nigeria?- Restaurant management startup,?Vendease, raises $30M USD?hybrid equity and debt round to drive growth in Nigeria and Ghana and support further expansion
?South Africa?- Home services platform,?SweepSmart, raises $11M USD?to fund the company's growth and expansion plans
?South Africa?- Biometrics startup,?iiDENTIFii, raises $15M USD?funding round which is reportedly the largest African Series A in the identity verification process?
?Uganda?- Fintech startup,?Numida, raises $12.3M USD?in round led by Serena Ventures to expand its customer base and enter new markets?
Investor Activity
For Entrepreneurs
Featured Articles
领英推荐
Why BNPL is suddenly the in-vogue part of Africa's fintech space?- Tom Jackson in Disrupt Africa?
"Consumers, then, stand to gain from the proliferation of BNPL services, with many Africans able to access short-term credit for the first time. Startups offering these services, meanwhile, are smelling a real opportunity."?Continue reading.?
How African fintechs can achieve regulatory compliance - Muktar Oladunmade in TechCabal
"This has been the go-to strategy for most startups. To scale quickly in an ecosystem rife with?confusing and suppressing regulations, many startups have had to form strategic relationships with existing players. While central banks previously allowed these fintechs to operate without licenses, that has now changed."?Continue reading.?
Quote of the Week
"African startups leveraging impact initiatives in their business models and growth plans provide themselves with a great entry point into US capital markets."?
Kunle Apampa, Director, Capricorn Investment Group
AFTS partners in the news
AFTS partner, Square, launches Tap to Pay functionality on iPhones for US merchants
"Square today launched Tap to Pay on iPhone to its millions of sellers across the U.S. Available within the Square Point of Sale iOS app, Tap to Pay on iPhone lets sellers of all sizes accept contactless payments directly from their iPhone, with no additional hardware required and at no additional cost to the seller."Continue reading.
AFTS in the headlines
LAST CHANCE to apply to 2022 AlphaExpo
The AlphaExpo program is a longstanding tradition of the Africa Fintech Summit, enabling pre-Series A startups from across the continent to pitch, exhibit, and network at AFTS. Applications close TODAY SEPT 30th -?Apply now.?
NEW PODCAST EPISODE
After a brief summer hiatus, the Africa Fintech Rising podcast is back! This week, Andrew sits down with Yves Eonnet, Co-Founder & Chairman of Skaleet, to discuss the role of core banking platforms in continental fintech and also diving into what the future of banking looks like across Africa.?Listen Now
AFTSCapeTown is November 2-4, 2022?
This November's summit will be the largest AFTS yet with partners including Visa, Flutterwave, TeamApt, Ecobank, Fintech Association of South Africa, Wesgro, and many more! Don't miss out on early-bird prices -?REGISTER?before October 5th to save 20% on registration!?