Ivorian e-commerce startup ANKA, formerly Afrikrea, raises $6.2M pre-Series A

A study by McKinsey & Company on general e-commerce activities in Africa says consumer spending will reach over $2 trillion in the next three years. Much of this spending falls under the importation of products, primarily influenced by consumer demand and the positioning of major e-commerce platforms in Africa. Afrikrea, an Ivorian startup founded in […]

Regulating crypto could create American super apps

David Donovan Contributor Share on Twitter David Donovan leads the Global Financial Services Practice for the Americas for digital consultancy Publicis Sapient and is a former Fidelity Investments executive. Much of Chinese society has come to depend on so-called super apps like WeChat to do multiple tasks, from making a medical appointment to hailing a […]

Egyptian fintech Sympl raises $6M for its ‘save now, pay later’ service

Buy now, pay later (BNPL) offerings have existed for a long time, but increased in popularity as the pandemic made more people shop online and conserve cash. Though BNPL has taken off in most parts of the world, it’s yet to pick up steam in Africa. But in countries such as South Africa and Egypt, […]

FrankieOne nabs $16M to provide fintechs with ID and fraud management as a service

Fraud continues to be a major issue in the world of digital transactions, a situation that research shows was only compounded in the last 20 months of online activity growing as a result of Covid-19. Today, a Melboune startup called FrankieOne that has built an automated platform to help combat that is announcing a Series […]

Nigerian businesses can now accept Apple Pay on Paystack

Paystack, the African fintech company that powers and processes payments for businesses, today announced that it is launching Pay with Apple Pay on its platform. The company, in a statement, called the integration “the fastest, secure way for Nigerian businesses to accept international payments.” Apple Pay, Apple’s mobile payments and digital wallet service, provides users […]

The next generation of global payments: Afterpay + Square

Dana Stalder Contributor Share on Twitter Dana Stalder is a partner at Matrix Partners. The former commercial chief (Product, Sales and Marketing) at PayPal, he now leads fintech investing at Matrix Partners, where he also invests in consumer marketplaces and enterprise software. More posts by this contributor Fintechs could see $100 billion of liquidity in […]

PayPal’s new ‘super app’ is ready to launch, will also include messaging

PayPal’s plan to morph itself into a “super app” have been given a go for launch. According to PayPal CEO Dan Schulman, speaking to investors during this week’s second-quarter earnings, the initial version of PayPal’s new consumer digital wallet app is now “code complete” and the company is preparing to slowly ramp up. Over the […]