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 …