Prembly, a Nigeria-based digital security and identity verification company, launched FraudLens, an open-source fraud intelligence platform designed to help financial institutions and digital businesses detect and prevent fraud. The platform aggregates fraud data from identity verification checks and reported incidents across businesses that use Prembly’s technology. FraudLens begins with data from Nigeria and aims to…
Fintech remained the largest recipient of startup investment in Africa in early 2026, but funding data shows investors expanding into logistics, transport and energy. African startups raised $575 million across 58 deals between January and February 2026, according to TechCabal. In January, fintech companies led funding activity with $131.6 million raised. Major funding rounds from…
Salvador Anglada, Optasia CEO. Artificial intelligence (AI)-led fintech Optasia has reported strong financial results for 2025, delivering revenue growth of 76% in its first full year after listing and exceeding guidance provided during its initial public offering (IPO). Optasia listed on the JSE in November last year, raising about R6.5 billion through its IPO and…
The results of the Altron FinTech Household Resilience Index (AFHRI) for the third quarter of 2025, released on Thursday, show that South African households experienced welcome — though still modest — relief during 2025. While the AFHRI recorded a healthy year-on-year improvement of 2.1% (largely in line with GDP growth rate), the average annual rise…
The founding members of the Association of South African Payment Providers. The Association of South African Payment Providers (ASAPP) has expanded its membership from eight to 15 companies. Launched by SA’s fintech industry players, ASAPP aims to help ensure fair access to payment infrastructure, reduce the wholesale cost of digital payments, and enhance transparency and…
NjiaPay has secured $2.1m (R35m at R16,66 per US dollar) in seed funding led by European investor Newion Partners to expand its payment orchestration platform across Africa. Left: NjiaPay CEO Jonatan Allback, Right: NjiaPay CPT Roderick Simons | image source: NjiaPay The Cape Town-based fintech provides software that helps businesses manage multiple payment service providers…
In this episode of ITWeb TV, Johan Gellatly, MD of Altron FinTech, discusses the company’s several initiatives to boost financial inclusion in South African townships, as well as the challenges the kasi economy is facing in regards to digital payments adoption. #Altron #Fintech #FinancialInclusion Altron FinTech is stepping up efforts to digitise payments within South…
Nedbank has partnered with Crypto.com to roll out payment, settlement and liquidity solutions in Africa. Nedbank has partnered with global crypto-currency exchange Crypto.com to develop blockchain-based payment, settlement and liquidity solutions across Africa. As global trade evolves, Africa’s reliance on legacy payment rails has introduced significant challenges – including high settlement costs, currency volatility and exposure…
As South African consumers navigate rising living costs and persistent economic pressure, loyalty programmes have evolved from “nice-to-have” perks into essential value engines. Thabiso Msimanga, Head of Customer at X, Bigly Labs by Dis-Chem. Image supplied At the same time, fintech innovation, real-time data and AI-powered retail technology are converging to reshape what loyalty looks…
YouTube sensation Jimmy “MrBeast” Donaldson is expanding his business empire into financial services. Through his holding company, Beast Industries, Donaldson has officially acquired Step, a fintech platform specifically designed to provide banking and investment tools to young people. Read: iPhone 17e to retain $599 entry price with major internals boost While the financial terms of…
