Debit Cards, Once A No-Brainer For Africa’s Hottest Fintechs, Turn Nightmare
Rise announces discontinuation of virtual card services by September 30, 2024. Carbon pulls the plug on its debit card operations earlier this year.
The Promise & Peril Of GenAI Presents Puzzle To African Banks & Fintechs
African financial institutions are exploring GenAI to revolutionize operations. GenAI adoption faces challenges like data poisoning and deep fakes.
Chipper Cash Granted Broker Dealer License From Ghana’s Securities and Exchange Commission
Chipper Cash granted broker-dealer license by Ghana’s SEC. Legal authority to engage in brokerage of securities.
Rethinking Fintech Distribution In Africa: The Role Of ‘Undiscovered Founders’
Funding for African startups grew 18.5x from 2016 to 2022, with 45% of it attributed to fintech. 75% of all equity funding secured by African fintech startups in 2023 went to just 10 companies.
Central Bank of Kenya (CBK) to Issue Payment License To Fintech Startups
The Central Bank of Kenya (CBK) is set to issue payment licenses to fintech startups operating in the country soon. Two prominent fintech companies, Flutterwave and Chipper Cash, are among those hoping to be granted these licenses.
