TechCrunch
NOVEMBER 23, 2022
By leveraging Ramani’s technology, the MDCs can digitally track their operations easily and get financing based on the performance of their businesses. The startup recently received its lending license from the Bank of Tanzania, and has already introduced a 30-day inventory financing product in the market.
TechCrunch
MARCH 1, 2022
M-KOPA started with solar-power home systems targeted at lower-income and rural customers without electricity in Kenya, Tanzania and Uganda. Six years ago, it was heavily focused on East Africa, but having pulled out of Tanzania, M-KOPA is present in Kenya, Uganda, Nigeria and Ghana.
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TechCrunch
APRIL 13, 2022
There’s no shortage of digital banks in Nigeria and, in general, in Africa. In the latest development, Umba , a digital banking platform operating in Lagos, Nigeria, has raised $15 million in Series A funding. Umba, a digital bank for emerging markets, raises $2M Seed funding to expand across Africa. million to date.
TechCrunch
DECEMBER 8, 2021
Bento , Nigeria’s digital payroll and human resource management platform is expanding to Ghana, Kenya and Rwanda with plans to set up operations in six other markets in Africa over the next one year. In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year.
TechCrunch
JANUARY 27, 2022
to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. The business opportunity for remittance is lucrative despite digital lenders vying for less than 20% of the international money market dominated by traditional offline players. and the E.U., and the U.K.
TechCrunch
MARCH 20, 2023
Last May, Credable launched officially with two products: a 30-day term loan product in partnership with Vodacom M-Pesa in Tanzania and a short-term lending product for Diamond Trust Bank in Kenya. So far, over 1.2 But in our markets, we’re not there yet because we have a large underbanked population to start with.
TechCrunch
OCTOBER 25, 2021
Digital lenders that share personal data of loan defaulters, with third parties, risk license withdrawal in Kenya after lawmakers added a clause – granting the banking regulator the mandate to revoke permits of operators who breach customer confidentiality – to the new law passed by the country’s National Assembly. .
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