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…
South African card-linked instalment platform Float has expanded to the UK. South African card-linked instalment platform Float has launched its service in the UK, backed by the UK government’s global entrepreneur programme. Launched in SA in 2021, Float enables consumers to split any purchase into up to 24 interest-free and fee-free monthly instalments, using the…
Fireline won the Interledger Foundation and UCT Financial Innovation Hub Hackathon. The Interledger Foundation and the University of Cape Town’s (UCT) Financial Innovation Hub hosted their third annual fintech hackathon recently at the Hasso Plattner School of Design Thinking Afrika. The event drew 80 participants from six tertiary institutions – UCT, Eduvos, Sol Plaatje University,…
Travis Robson, CEO, Capital.com South Africa. Global fintech group and trading platform Capital.com has entered the South African market after securing regulatory approval from the Financial Sector Conduct Authority (FSCA). The group is an authorised over-the-counter derivatives provider and category one financial services provider. Capital.com South Africa may provide financial and intermediary (non-advice) services for…
Anthony Miller, CEO of Simply Financial Services. Cape-based insurtech Simply Financial Services, a Hollard Group company, believes business leaders in the SME market do not adequately consider the value of providing risk benefits to their staff. The 11-year-old firm says the segment, which consists of around 14 million employees and contributes roughly 40% towards the…
Sub-Saharan Africa is a global leader in the development of mobile financial services. Out of every ten mobile transactions worldwide, seven occur in Africa. The rapid spread of fintech, in which the Central Bank of Kenya played a key role, gave rise to the rapid development of the economic development and innovation. How It All…
