Total 43 Posts
Nigerian FinTech startup, Mines, has reported that it has closed its Series A funding round of $13 million. The Series A funding round was led by The Rise Fund with Velocity Capital, Western Technology Investments, First Ally Capital, X/Seed Capital, NYCA Partners, Persistent Capital, Singularity Investments, Trans Sahara Investments,
AlphaCode, an incubation, acceleration and investment vehicle for early-stage FinTech businesses, has announced that applications are now open for their AlphaCode Incubate programme. The AlphaCode Incubate programme will be looking to find high potential, innovative financial services entrepreneurs to boost the development of FinTech and financial services in South Africa.
The numbers are in and the jury is out. The world over, the FinTech craze that underpins lending outside the traditional banking ecosystem continues unabated. Whether the channel of consumption is online, mobile or the services packaged differently such as pay day loans and layaway financing, investments continue to pour
In today’s highly competitive market, 88% of financial services institutions fear they are losing ground to innovators. Faced with growing volumes of data, they are turning to advanced analytics to help them regain their momentum by turning data into actionable insights. Across the financial services industry, many leading institutions
More and more lending institutions around the world are moving to either fully automated or partially automated systems when assessing consumers for home loans, personal loans, credit cards pay-day loans and other types of consumer finance. Part of rise in Artificial Intelligence (AI) algorithms assisting in finance comes from a
In South Africa, you can now open a bank account within 5 minutes using your selfie. This is thanks to First National Bank new biometric feature which allows small and medium businesses (SMEs) to switch or open a new bank account in less than 5 minutes through selfie authentication and
Zimbabwe is looking to capitalise on Artificial Intelligence (AI) solutions that are emerging and will roll out projects and programmes aimed at improving healthcare, education, access to finance through FinTech and agriculture. This comes after the Southern Afrikan country's government entered into an agreement with a Chinese company, CloudWalk Technology,