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

TechCrunch

Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today. The $170 million raised so far came from mainly Chinese investors who have collectively begun to bet big on African startups over the past few years.

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

TechCrunch

Today, the unified payments app is announcing that it has raised $32.8 At the time, the Ghanaian fintech was raising $8 million–a large seed in its own right–and had acquired just a little over 200,000 users with transactions reaching $250 million. million in an oversubscribed seed round.

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Ghanaian fintech Float raises $17M seed to power cash flow for commerce in Africa

TechCrunch

The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically. The seed round was a mix of $7 million equity and $10 million debt.

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South African digital bank TymeBank lands $109M from UK and Philippines investors

TechCrunch

We’ve seen how digital banks like Zolve and Nubank have raised money in recent months to fill this need. This time, a startup from Africa has joined the party. TymeBank , a South African digital bank, announced today that it has secured an R1.6 “The establishments of digital banks in South Africa is in its infancy.

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PawaPay raises $9M seed backed by MSA, 88mph and Mr Eazi’s Zagadat Capital

TechCrunch

When companies create digital payments-facing solutions for African countries outside Nigeria and South Africa, building around mobile money is key. Barnwell tells TechCrunch that although these transaction volumes look impressive, pawaPay would have done more if not for regulatory hurdles and licensing approaches in each market. .

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Bolt raises $182M to expand its on-demand transportation network in Europe and Africa

TechCrunch

“This round was the first time we raised with most of the previous round still in the bank, despite the pressures of COVID,” he said. billion after raising just over $100 million. France, South Africa and Nigeria. “This shows the frugality of the company. billion ($4.3

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New South African partnership gets $3M, launches telehealth product

TechCrunch

The pandemic has seen such platforms scale globally, and Africa is not exempt. A new platform (without a name yet) is launching out of South Africa and it wants to provide accessible quality care for Africans with its telehealth service. will generate revenue off license fees earned.” has no intention of expanding.