fintech (121)

Naspers invests $5m in Filipino FinTech Coins

South African media and e-commerce giant Naspers has continued its expansion into the FinTech and cryptocurrency space by putting $5 million behind Philippines-based startup Coins.ph. The investment was facilitated by Naspers’ Ventures division.

Coins offers financial…

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Added by CFO South Africa on May 26, 2017 at 6:00 — No Comments

FinTech unicorn Transferwise hits the black

FinTech unicorn Transferwise says the company has reached operational profitability six years after launch. The London-based currency exchange startup says it is currently amassing £8 million a month in revenue and is on target to reach £100 million for…

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Added by CFO South Africa on May 23, 2017 at 8:00 — No Comments

SA FinTech Synthesis acquired for R132m

JSE-listed speciality finance company Capital Appreciation has acquired FinTech firm Synthesis for R132,1 million.

Synthesis provides software development, consulting and integration services to financial institutions, including Investec, Absa, Standard Bank, Capitec and…

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Added by CFO South Africa on May 19, 2017 at 8:00 — No Comments

“Bankers of the future will be developers, designers and risk modelling people,” says N26 CEO, Valentin Stalf

Banking is like Formula One, says Valentin Stalf, co-founder and CEO of mobile bank N26. This observation came a day after Valentin returned from the famous Monza race track north of Milan in Italy, where N26 was invited as the Fast Companies Series partner by British Formula One racing team, Manor Racing. “Of course, it was very cool to see our logo there,…

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Added by CFO South Africa on May 17, 2017 at 15:00 — No Comments

School payments startup Karri partners with Nedbank

Local mobile payments startup Karri has partnered with Nedbank for the launch of its app, which facilitates payments for school activities and events.

The free Karri app is directed at parents, teachers and schools, and aims to alleviate the inconveniences of paying for all…

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Added by CFO South Africa on May 16, 2017 at 8:00 — No Comments

KPMG acquires FinTech platform

KPMG has acquired global FinTech innovation platform Matchi, which connects traditional financial institutions with  technology solution providers. The platform includes more than 700 curated FinTech solutions and a database of more than 2 500 FinTech…

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Added by CFO South Africa on May 12, 2017 at 15:00 — No Comments

KPMG acquires global FinTech platform, Matchi

KPMG has acquired Matchi, a leading global FinTech innovation and matchmaking platform that connects financial institutions, including banks and insurance companies, with leading-edge financial services technology solutions and companies…

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Added by CFO South Africa on May 10, 2017 at 19:00 — No Comments

Barclays opens Europe's largest FinTech site

Barclays has opened an innovation centre in London's hipster capital Shoreditch housing internal banking and technology teams alongside more than 40 FinTech startups. The bank says its new site is Europe's largest co-working space dedicated to FinTech and will play host to…

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Added by CFO South Africa on May 5, 2017 at 8:00 — No Comments

Former British minister delivers FinTech boost to African farmers

Former UK government minister Mark Simmonds (pictured) has teamed up with FinTech veteran Hirander Misra on a venture that aims to help African smallholder farmers boost their earnings by connecting them with local commodity exchanges. The Financial and Commodities…

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Added by CFO South Africa on May 2, 2017 at 8:00 — No Comments

World Bank launches African digital entrepreneurship programme

The World Bank has launched an accelerator for African digital entrepreneurs. The five-month long XL Africa – which includes a two-week residency in Cape Town and the Venture Showcase pitching event – is backed Finland, Norway, and Sweden, XL Africa. Participants will be…

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Added by CFO South Africa on April 28, 2017 at 6:00 — No Comments

First African FinTech accelerator launched in Cape Town

Startupbootcamp has launched its new Cape Town-based FinTech accelerator. This global industry-focused accelerator group has 18 programmes across 13 countries and has seen value in now setting up a footprint in Africa.

Startups from around the world can apply now to be part of the…

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Added by CFO South Africa on April 25, 2017 at 20:00 — No Comments

Nasdaq launches global FinTech investment programme

Nasdaq, one of the world's leading providers of technology and services to the capital markets, has announced the launch of a venture investment programme, Nasdaq Ventures, dedicated to discovering, investing in and partnering with unique FinTech companies…

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Added by CFO South Africa on April 21, 2017 at 8:00 — No Comments

FinTech Academy Africa kicks off 24 & 25 April

The internationally successful FinTech Academy kicks off in South Africa at The FinTech Academy Africa on 24 and 25 April 2017 at the Duke Corporate Education Leadership campus, Bryanston, Gauteng.

  • Join the African FinTech Awards 2017 …
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Added by CFO South Africa on April 20, 2017 at 15:00 — No Comments

London, Singapore remain top FinTech hubs

FinTech has become a truly global phenomenon, with hubs popping up in cities around the world, although established players such as London and Singapore continue to be the top centres, according to a report by Deloitte. The study is the second output of the Global FinTech Hubs Federation, an initiative by Swift's…

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Added by CFO South Africa on April 18, 2017 at 8:00 — No Comments

M-Pesa pioneer Michael Joseph joins MFS Africa

Pan-African FinTech firm MFS Africa has announced that Michael Joseph (pictured) has joined its board as an independent non-executive director. Michael served as CEO of Safaricom in Kenya from 2000 to 2010, and is widely credited with spearheading M-Pesa, the…

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Added by CFO South Africa on April 14, 2017 at 8:00 — No Comments

SA’s Entersekt lands banking security award

Stellenbosch-based FinTech Entersekt has scooped the Best Mobile Security Technology going in the Banker Africa Southern Africa Banking Awards for the second time.

The annual awards programme is open to all banks and financial institutions in the region and acknowledges outstanding…

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Added by CFO South Africa on April 11, 2017 at 8:00 — No Comments

OfferZen, Standard Bank to introduce programmable bank account

Root, an OfferZen initiative, and Standard Bank have teamed up to launch a lightweight bank account, which comes with a programmable credit card, online banking interface, mobile app, and APIs.

A Root account enables any software developer to build a FinTech product without special access to the banking world.…

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Added by CFO South Africa on April 7, 2017 at 8:00 — No Comments

Voice IT wins African FinTech hackathon

FinTech startup Voice IT took the honours at the Africa Fintech Foundry (AFF) 48-hour Recode Nigeria hackathon, sponsored by Access Bank, winning N1,5 million cash, as well as a year's access to the IBM Bluemix artificial intelligence platform and the Microsoft BizSpark developer toolkit. 

Voice IT's winning…

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Added by CFO South Africa on April 4, 2017 at 8:00 — No Comments

MENA FinTech challenge open to North Africa

North African startups are eligible for the SANAD Fincluders Startup Challenge in Amman, Jordan, on 3-4 May 2017 and its $15 000 cash prize. The challenge, which also includes Middle Eastern startups, aims to find innovative SMEs focusing on financial inclusion and follows the Arab Day dedicated to increasing access to…

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Added by CFO South Africa on March 31, 2017 at 20:00 — No Comments

FinTech Academy set for April launch

The FinTech Academy Africa, a collaboration between FinTech Circle and the Cape Innovation and Technology Initiative (CiTi), is set to launch in SA on 24 and 25 April, in Johannesburg.

Aimed at C-suite executives, the academy offers an intensive two-day curriculum, which is…

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Added by CFO South Africa on March 28, 2017 at 8:00 — No Comments

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