DA MP and Kastelo founder Mark Burke in an undated photo. Image: Kastelo Kastelo, the fintech at the centre of a South African Reserve Bank exchange control investigation that has ensnared DA MP Mark Burke, has rejected the central bank’s core allegation that its clients were unaware that billions of rand were being moved offshore…
Jessica Erobomhan Chairman of the House Committee on Insurance and Actuarial Matters, Ahamadu Usman Jaha, has said Nigeria’s fintech ecosystem has become one of the largest in Africa, noting that the country’s growing payment ecosystem continues to attract significant investment. Jaha spoke recently in Lagos at the 2026 Stakeholders’ Retreat of the House Committee on…
Moove raised $250 million in an investment round led by Abu Dhabi sovereign wealth fund Mubadala, valuing the vehicle-financing and fleet-management company at $2.1 billion. Woven Capital, Toyota’s growth fund, and Ion Pacific co-led the round. BlueCrest Capital Management, Sona Asset Management and Raptor Group also took part. The Dubai-based company will use the money…
Stitch now offers a multi-acquirer architecture for PayShap Request. Stitch, the payments infrastructure provider behind several South African online retailers, is now live with PayShap Request. This, in a move to give enterprise businesses in South Africa a way to collect real-time payments across all major local banks, according to a statement. PayShap Request is…
JSE-listed fintech group Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) is consolidating its merchant-focused businesses under the name of Lesaka. The new brand signals how Lesaka has brought together leading fintech companies into a single platform that mirrors how merchants run their businesses. The move follows Lesaka acquiring the Connect Group in 2021 and Adumo…
Thomas Mukoya/Reuters Airtel Africa announced on Thursday it had picked the London Stock Exchange for the listing of its mobile money business due later this year. “We believe a London listing will provide access to a broad international investor base and support our ambition to unlock the long-term value of one of Africa’s leading fintech…
Pepkor CEO Pieter Erasmus Pepkor is merging its Flash business with Shop2Shop to create one of South Africa’s largest fintech platforms focused on the informal economy. It’s a combination valued at R21.3-billion that the retail group plans to list separately in the medium term. The JSE-listed group said on Wednesday it will take a 57.1%…
Climate tech’s part in the venture funding became dramatically pronounced in 2025, when it alone contributed 40 per cent or $1.5 billion, compared to other years in the near-decade period under review, the study said. That was up from 13 per cent or $206 million in 2016. Climate tech, the field of technologies and solutions…
Purple Group, the JSE-listed owner of EasyEquities, is acquiring Telescope AI, the Australian start-up whose technology already powers the investment platform’s AI Baskets feature, in a deal worth up to US$10.75-million (R177-million). Purple Group and EasyEquities operator First World Trader will each acquire 50% of Telescope AI from the Pettett Family Trust and three key…
The Competition Commission has confirmed it received a formal complaint from Pretoria-based fintech Motswagae Holding, which has accused South Africa’s largest banks of blocking access to the ATM networks its cardless cash platform needs to operate. In a statement last week, the little-known company said it had made a submission to the commission – it…
