Browsing: Financial Technologies (FinTech)


London-based fintech company, Unlimit has announced its entry into the Kenyan market, expanding its presence in Africa’s fintech industry. 

  • Initially launched in 2009, Unlimit focuses on providing easy-to-use and efficient payment processing companies to all its users.
  • According to McKinsey, blockchain, cryptocurrency, and decentralized technology are expected to redefine financial services within Africa completely. 
  • At the beginning of 2023, Disrupt Africa released a report stating that Africa’s fintech industry received $1.45 billion in funding for 2022.

Unlimit eyes Africa’s fintech industry potential

Within the past decade, Africa’s fintech industry has significantly improved in scale and potential. The rapid digital transformation of the continent has attracted numerous investors seeking to capitalize on potential markets and startups.

Unlimit is a London-based fintech organization that soon took wind of the numerous opportunities the country offers. Launched in 2009, Unlimit fintech focuses on providing easy-to-use and efficient payment processing services to all its users.

  • Fintech BKN301 will significantly aid MENA region’s fintech sector, which experts project to reach $3.45 billion by 2026.
  • Two of the world’s three largest remittance corridors located in the UAE and Saudi Arabia handled $78 billion in payments in 2020, 6 equating to 7 percent of the GDP of the two nations combined.
  • Currently, fintech companies attracted 48.3 percent of known startups funding on the continents in 2021 and 43.3 percent in 2022.

Fintech heavyweight BKN301 is eyeing fresh growth opportunities in the Middle East/North Africa (MENA) market, where the firm seeks to deploy its leading innovations in the industry. Its entry into MENA is set to accelerate the adoption of digital currency, even as expert project that the region’s market  will grow to $3.45 billion by 2026.

MENA fintech market on the rise

Africa’s digital transformation is paving the way for numerous advancements within the continent’s economy. Regional economies …

    • Initially, fintech ImaliPay had roughly 15 partners including powerful gig platforms Glovo, SWVL, Bolt and Gokada. 
    • At the moment, the firm has over 4,500 vendor points, accounting for over 200,000 transactions monthly.
    • London-based Centropy PR is an independent PR agency specializing in tech, financial services, healthcare, and the property sector.

ImaliPay, an African fintech services provider has tapped Centropy PR, a London-based agency, to pioneer its international communications as the firm engages the gas pedal to go global. The move comes after the fintech company recently secured $3 million in funding to power its business operations.

In 2020, Tatenda Furusa and Oluwasanmi Akinmusire, former senior executives at the African digital payment firm Cellutant projected the rise of fintech industry after noticing limits of traditional financial systems.

“The first time I noticed a problem with our current financial service was during a personal experience. Once, a Bolt driver ran out

b2b africa
  • African fintech is the fastest-growing start-up industry in Africa
  • Africa’s fintech sector is well placed to quickly improve Africa’s global competitiveness through an increase in exporting fintech services abroad
  • The rise of financial inclusion in Africa is stifled by regulatory uncertainty and regional differences
  • Also the top 5 fintech trends and forecasts to watch in 2023

The success of fintech companies is fuelled by several trends, including growing smartphone ownership, expanded network coverage, declining internet costs,  and a young, rapidly urbanising, and fast-growing population.

African fintech is the fastest-growing start-up industry in Africa, raising over US$1,3 billion in 2021 alone.

According to McKinsey research, fintech sales in Africa are predicted to expand by 10% each year through 2025, with transactions and wallets becoming the fastest-growing products.

Despite the fact that fewer than 15% of monetary operations on the continent are digital, African fintechs collectively generated US$4-6 billion in revenue by …

Cellulant driving Africa's Payments Transformation Through Fintech Partnerships

Payments have historically been a complex problem for African businesses and the banks serving them.

For this reason, companies need to collaborate with many partners to process the numerous types of payments that customers use. This is necessary since each nation prefers a different group of payment alternatives.

Card payments, an area in which banks perform exceptionally well, have a shallow level of penetration, which presents a challenge for banks considering the size of the population without a bank account and the popularity of mobile money.…