Sending money across African borders can still be surprisingly difficult. Different currencies, banking systems, payment rails and settlement processes often turn a simple transfer into a slow and expensive transaction. Arksend is positioning itself as a fintech solution to that problem, making it easier for people to move money across the continent quickly and receive…

South African venture capital firm Mamor Capital Ventures has secured R300 million in the first close of its inaugural fund, giving the black women-owned and managed investor fresh capital to back technology businesses that have moved beyond the early stages of development. The firm is targeting R550 million for the fund and will continue fundraising…

Africa-China trade is enormous, but moving money between the two markets can still be expensive, slow and complicated. Nigerian fintech company Grey is looking to remove one of those barriers by making it easier for African businesses and individuals to pay Chinese suppliers directly in Chinese yuan. The move reflects a broader shift in cross-border…

Africa’s telecom industry is entering a new phase where simply connecting more people is no longer enough. As data consumption rises, networks become more complex and operators face pressure to improve efficiency, Nokia is turning to artificial intelligence (AI) to help reshape how telecom infrastructure is built, managed and monetised across the continent. For years,…

MTN is setting its sights on one of Africa’s most difficult fintech opportunities: South Africa’s large cash-based payments economy. The telecom giant wants its Mobile Money (MoMo) platform to move beyond its traditional mobile-money markets and become a broader financial services platform for consumers, merchants and small businesses. The strategy comes as MTN sees growing…

For many African businesses, managing money across currencies, teams, suppliers and customers can quickly become complicated. Traditional banking systems often require businesses to use multiple accounts and platforms for payments, collections, expenses and international transactions. Platnova Business is designed to bring many of these functions together in one platform. Launched to support African businesses expanding…