Clowd9 Drives Fintech Growth from Lagos to London
Clowd9 announced a 90% reduction in card service infrastructure costs to empower African fintech startups. Vaghjiani emphasized the need for scalable, cloud-native payment solutions to bypass legacy systems.
Stitch buys Efficacy to take full control of card payments in South Africa
Stitch acquired Efficacy Payments, enhancing its card processing capabilities. The acquisition allows Stitch to act as a gateway, switch, and acquirer for card payments.
Abdulhamid Hassan won’t stop building until Mono becomes a fintech backbone
Venture capital funding for African startups has significantly declined as of September 2024. Abdulhamid Hassan's startup Mono powers financial experiences for major companies like Mastercard and Flutterwave.
South African fintechs unite to simplify in-store instalment payments
Float and Adumo have announced a strategic partnership to simplify in-store installment payments. The collaboration expands Float’s Buy Now, Pay Later (BNPL) solutions to physical stores.
New Mastercard-Enza Partnership to Fuel Fintech Innovation Across Africa
The number of fintech companies in Africa has nearly tripled since 2020. Many fintech innovators are embedding payment services into broader solutions to improve financial access.
