Venture capital activity in Africa has shown resilience over the past six months, with major firms backing startups on the continent closing their funds despite the ongoing funding […]
When startups fail, these startups clean up
Welcome to TechCrunch Fintech (formerly The Interchange)! Apologies for being out last week — a cold got the best of me, but I’m back and here to talk […]
Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say
FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financial services to customers […]
Despite glimmers of profit, most African neobanks remain in the red
It was only just over a year ago, in August 2022, that McKinsey described Africa’s financial technology landscape as a “hotbed for investment.” Fast forward to today, and […]