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LemFi Expands its International Payment Services to Brazil and Mexico
LemFi is a leading financial technology platform revolutionising how people move their money globally. LemFi serves over 1 million customers in the United States, the United Kingdom, and Canada through its innovative products and services. Currently, LemFi supports international payments to over
How Homegrown Fintech Verto Aims To Fill Void Of Mercury Fallout In Africa
The African tech landscape is bustling with possibilities, yet the recent challenges faced by local startups following a decision by notable startup favourite Mercury Bank, to shut down accounts linked to Nigeria and several other countries, has been both a rude awakening and a reality check. </
Familiar Foes Arise As South Africa Proves Unlikely Frontrunner In AI Adoption
South Africa is emerging as an unlikely frontrunner in the AI race. Adoption rates of generative AI tools among its workforce outpace those of many developed nations, painting a picture of a country rapidly digitising its economy. This digital surge is fuelled by a youthful, tech-savvy populatio
Meta Cracks Down On Nigerian Sextortion Scams Amid Regulatory Heat
Just days after being slapped with a hefty USD 220 M fine by Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) for privacy violations, Meta Platforms Inc. has announced a crackdown on financial sextortion scams originating from the country. The social media giant
The Impact of Master Data Governance on Business Efficiency
At todays multimillion-pound enterprises, master data management is no luxury but rather a necessity. Understanding its impact on business efficiency is invaluable. For solution architects and data analysts in particular, this blog post will delve deeper into master data governance to shed some
Nigerian Founders Stranded As Startup Fave Mercury Pulls The Plug
Nigerian startup founders and tech industry stakeholders are reeling from a recent decision by Mercury Bank to close accounts linked to businesses located in the country, as well as more than 30 other nations across Africa, Asia and parts of Europe and the Middle East. The move, effective August
Google-Backed African Startups Make Funding Breakthroughs But Gaps Remain
African startups backed by Google for Startups Black Founders Fund are making funding headway, collectively raising USD 266 M from venture capitalists (VCs) in the last three years. This positive trend is revealed in a new report by Google for Startups and VC firm Notion Capital, which analyses
Fintechs Are Airlifting Hard Currency As Zimbabweans Cling To US Dollars
Zimbabweans are holding on to their preference for US dollars, posing a challenge to the countrys newly introduced gold-backed digital currency, the ZiG. This hesitance is fueling a boom for remittance and mobile money companies that are resorting to creative ways to get physical dollars into pe
TymeBank Targets Billion-Dollar Valuation Amid New Markets Push
TymeBank, South Africas fast-rising digital challenger bank, is setting its sights on new market segments and a coveted tech unicorn status, with outgoing CEO Coen Jonker aiming for a valuation close to USD 1 B in ongoing fundraising discussions en route to a target of going public at home and a