M-KOPA Nears $400M Annual Revenue as Africa’s Largest Pay-As-You-Go Fintech Scales Across Sub-Saharan Markets
M-KOPA is on track to surpass an annual revenue rate of $400 million by year-end. The company serves 5 million underbanked Africans with a pay-as-you-go financing model.
Digital Lender Fido Raises $30 Million in Series B Funding Round
Fido, a Ghanaian fintech, has raised a $30 million Series B funding round. Investors in the round include BlueOrchard and FMO.
Binance users in Ghana, Uganda, Zambia can now trade crypto assets via mobile money
Binance expands its African services with a new feature that enables users in Ghana, Tanzania, Uganda, and Zambia to trade crypto assets using mobile money. The One Click Buy and Sell (OCBS) feature aims to make cryptocurrency more accessible to the unbanked and underbanked populations in Africa.
Binance Enables Crypto Purchases with Mobile Money in Ghana, Tanzania, Uganda, and Zambia
Binance expands its services in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell crypto assets using mobile money. The introduction of Binance's One Click Buy and Sell feature allows users to directly purchase and sell assets from their mobile money accounts.
Fintech Is Giving Africa’s Top Telco A Lifeline Amid Setbacks
MTN Group reported a 20.8% decline in group service revenue, largely due to a drop in revenue from its Nigerian operations. MTN's fintech division saw a 27.2% year-on-year growth, with strong performances in Ghana, Uganda, and Cameroon.
