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Fintech Farm nabs $7.4M to launch neobanks in Nigeria and other emerging markets

TechCrunch

T he partner bank holds local knowledge, license and capital as both parties co-invest in the business equally. And in the next two years, Fintech Farm plans to enter eight emerging markets spread across Africa and Asia, the first of which is Nigeria. “We Right now, the company says it has gotten a “co-operative license.”

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African fintech OPay valued at $2B in SoftBank Vision Fund 2-led $400M funding

TechCrunch

” The company, founded in 2018, had an exclusive presence in Nigeria before last year. By simply allowing unbanked and underbanked users in Nigeria to send and receive money and pay bills through a network of thousands of agents, OPay has grown at an exponential rate. The company plays in an extremely competitive fintech market.

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African fintech OPay is reportedly raising $400M at over $1.5B valuation

TechCrunch

OPay also claims to process about 80% of bank transfers among mobile money operators in Nigeria and 20% of the country’s non-merchant point of sales transactions. Last year, the company also said it acquired an international money transfer license with a WorldRemit partnership also in the works.

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With over 1.3 million users, Nigerian-based fintech FairMoney wants to replicate growth in India

TechCrunch

.” FairMoney, founded by Laurin Hainy , Matthieu Gendreau and Nicolas Berthozat , is a licensed online lender that provides instant loans and bill payments to underserved consumers in emerging markets. Before expanding, FairMoney experienced exponential growth in Nigeria in terms of loans disbursement. Now, it claims to have 1.3

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Ghanaian fintech Dash raises $32.8M seed to build connected wallets for Africans

TechCrunch

So, u sers from different countries — Ghana, Nigeria and Kenya, for now — can connect their bank or mobile money accounts to Dash, pay bills, and send and receive money to other users while the platform handles currency conversions. Dash claimed to process over $300 million in TPV in January, up 300% monthly from Q4 2021.

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Google Maps now lets you create Street View photos with just a phone

The Verge

Google is allowing submissions initially in Toronto, New York, Austin, Nigeria, Indonesia, and Costa Rica. Google will also use this imagery to update Google Maps with information like new businesses or publicly posted open hours, and the company will apply its standard Street View privacy features to blur out faces and license plates.

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Nigerian e-health pharmaceutical distribution startup DrugStoc secures $4.4 million Series A funding, embarks on expansion drive

TechCrunch

Chibuzo Opara and Adham Yehia, being all too familiar with the problems of poor pharmaceutical supply chains, are planning to widen the reach of DrugStoc, a e-health drug procurement platform that eliminates these challenges by linking drug companies with institutions such as hospitals and pharmacies, in Nigeria. million series A funding.

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