AXIAN backs PayTic's $4m seed round to fuel fintech expansion

This follows their last round, a $25 million Series A Extension announced in October 2023, increasing their total funding to $107 million in under four years.

Smits' new role will focus on driving strategy and digital transformation collaboration in Kenya, the Democratic Republic of the Congo, and Ethiopia.

Mosime's new job intends to achieve meaningful change in increasing financial inclusion, facilitating cross-border economic engagement.

Maseera announced yesterday that it had successfully acquired ADVA, an Egyptian consumer finance platform.

The digital payment gateway company has recently agreed to buy West African payment platform PayDunya, opening fresh opportunities in Francophone Africa.

In his new position, the cards and payments expert will establish strategic direction for Visa's regional business objectives.

Young African innovators aged 18-35 are invited to submit digital solutions for cross-border trade challenges, with the chance to win funding, mentorship, and partnerships.

The projected growth is due to rising internet penetration and financial inclusion in Africa, as the continent rapidly takes up digital transformation.

The Somali Instant Payment System is backed by the Central Bank and operates on Banking Payments Commerce's SmartVista platform.

Latest Visa study says 71% of Kenyan consumers have experienced digital fraud, the highest in Sub-Saharan Africa

The council is made up of a wide range of senior professionals from top businesses across Africa.