Financial Services Fintech Startups Technology 

Fintech in Nigeria, shows expanding business scopes

The report discusses Farmcrowdy and Cowrywise, as 2 leading start-ups in the space currently running wealth management platforms. Cowrywise objectives for the Nigerian middle-class with their online financial investment items. Farmcrowdy gives financiers an opportunity to co-own farms by providing farmers capital expense options. Other fintech startups provide digital insurance coverage to; auto companies, the health sector, education, and funeral services. Rates charged for the cover are as low as $0.50 monthly. The report highlights some shortcomings such as the slower pace in setting up a fintech start-up in Nigeria,…

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Startups 

South Africa’s fintech start-up Ukheshe picked for Mastercard Start Course program

Mastercard Start Course is a special startup engagement program that enables later-stage startups to quickly scale through access to Mastercard’s technology, solutions & & partners around the globe. Concentrated on financial addition, Ukheshe’s technology platform helps banks and telcos provide budget friendly digital banking and payment services (BaaS). With client acquisition, onboarding and circulation costs that are a portion of standard merchant accounts, informal banking is now an accessible, untapped and rewarding growth market for banking partners. Sub-Saharan Africa is among the fastest-growing investment zones for monetary technology business and…

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Covid19 North America 

Will Chinas coronavirus-related trends shape the future for American VCs?

Rocio Wu is a venture partner at F-Prime Capital who focuses on early-stage investments in software/applied AI, fintech and frontier tech investments. For the past month, VC investment pace seems to have slacked off in the U.S, but deal activities in China are picking up following a slowdown prompted by the COVID-19 outbreak. According to PitchBook, “Chinese firms recorded 66 venture capital deals for the week ended March 28, the most of any week in 2020 and just below figures from the same time last year,” (although 2019 was a…

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Precursor Ventures Charles Hudson on the conversation no one has during an upmarket

For pre-seed startups, precarious times are baseline until they secure their first customer, first hire and first check. But no matter how built-in turbulence might be for a pre-seed founder, we’re entering a period where stresses are amplified and outlooks are unpredictable. In light of the new market conditions, a harder fundraising market and slower expected growth, Charles Hudson (founder and general partner of Precursor Ventures) is urging his portfolio companies to reassess their futures with a refreshingly human question: “Are you excited and prepared to run this company for…

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Financial Services Fintech 

Digital banking, key to realising financial inclusion targets

As digital innovation positions as the future of payments, opportunities abound for organisations and financial institutions to solve some of the world’s biggest challenges and enhance large-scale productivity. Indeed, digital banking in Nigeria has evolved significantly to become an integral part of our daily activities, driving financial inclusion, e-commerce, utilities and effective daily solutions. For innovations around digital banking, these are being powered Fintech firms, and as traditional banks stand on the sidelines, Fintechs (most of which are strictly neobanks) began to swiftly launch investments and savings products that appealed to everyone.…

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