ThetaRay, a leading provider of AI-powered transaction monitoring technology, has announced that ARCA, a premier African payment services provider, will implement ThetaRay’s advanced SONAR SaaS anti-money laundering (AML) sanctions list screening …
Be Mobile Africa, a low to no-fee banking product provider has announced its official launch in South Africa. The Canadian-based “neobank” offers several benefits for South Africans, including no monthly …
Founder and chief executive officer (CEO) of Risevest, a Nigerian stock investment app, Eke Urum, has stepped down due to an ongoing investigation into sexual and non-sexual impropriety allegations against him. …
Digital bank for Africans in the diaspora, Moneymie, has shut down retail service operations. Without stating the reason for this, but a highlight of its transition to cross-border payments and payouts for …
Grey, a Nigerian fintech that provides virtual international bank accounts to Africans, has raised $2 million in seed funding. The seed funding round included participation from Y Combinator, Soma Capital, …
The Federal Competition and Consumer Protection Commission (FCCPC), has barred all financial technology companies (Fintechs) to stop providing payment or transaction services to digital money lenders under its investigation. Some of …
In today’s world, consumer needs as well as mode of delivery has evolved affecting and influencing both economic and financial sectors in the society. Statistics have shown that since the …
Chams Plc, a fintech and digital payments solutions group, says it has transitioned to a holding company on the Nigerian Exchange (NGX) to increase shareholders’ value. The company said the …
The Saudi Public Investment Fund (PIF) has purchased 25% of Egypy’s e-finance for Digital and Financial Investments’ (EFIH) shares, according to a press release on Wednesday. Accordingly, the PIF now is the largest single …
The Bank of Ghana (BoG) is conducting a review on the activities of Flutterwave in the country. This is coming after the Central Bank of Kenya ordered banks and microfinance …