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Nigeria’s Fairmoney Raises $42 Million Series B To Diversify Its Offerings

Startups

July 2, 2021, 2:40 p.m.

The credit-led neobank offers loans to individuals from USD 3 to USD 1000, ranging from days to six months. Small business loans have become a prominent service most digital banks have begun to offer in Nigeria’s retail sector, and FairMoney sees an opportunity there. From now on, the company will start servicing loans to registered SMEs in Nigeria. “We are going to delve into SME-lending and we will start offering current accounts to our customers,” the CEO of Fairmoney, Hainy, stated.

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Fintech Startup Pay Up Is Amplifying Financial Inclusion Between Ghana And The Rest Of The World

Fintech

June 21, 2021, 6:47 p.m.

The founder, Papa Kwadwo Darfoor, states that they are currently based in Ghana and UK. He explains that users can send any amount in cedis, and the recipient will receive the equivalence of it in any currency, depending on the location.

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Fintech Platform Layer Allies With UBA To Foster Digital Transformation In Kenya

Fintech

June 16, 2021, 11:18 a.m.

The coalition will add 18 million users across 25 different countries to Layer’s platform. At the same time, UBA will provide banking services in different jurisdictions from one central platform without altering core banking systems.

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Cashless Economies- Fact Or Fiction?

Articles

June 10, 2021, 3 p.m.

Ghana is also making significant and progressive strides, driven by the government’s digitisation plan, which has seen the introduction of Mobile Money Interoperability (MMI), the launch of the National Universal QR Code, and other payment system projects in partnership with banks, telcos and fintechs

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The Significance Of Digital Currencies In Ghana

Fintech

June 10, 2021, 10:30 a.m.

One may ask, what are CBDCs? Central Bank Digital Currencies (CBDCs) are digital currencies created by Central Banks backed by their country's local currency, which still maintains their properties as a legal tender and a store of value just as cash.

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Dubai-based P2P Payments Fintech Mamo Raises $8 Million

Startups

May 18, 2021, 11:37 a.m.

Mamo, a Dubai-based digital wallet and payment platform set up by three former Google engineers, has raised $8 million in a Pre-Series A funding round.

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