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FINTECH IN AFRICA
Kiran Mazumdar-Shaw's Immuneel Therapeutics raises Rs 100 crore from Singularity AMC, Rainmatter, othersThe Bengaluru-based company makes CAR-T therapy, a form of cancer treatment where a patient’s own immune cells are taken out, trained in a ...- Swiggy’s shareholder setback; Walmart’s Flipkart pushHappy Friday! Swiggy’s move to become an Indian-owned company hit a setback after the shareholder vote fell short. This and more in today’s...
- Airtel eyes $2 billion London IPO of mobile money unitAirtel Money, Airtel Africa's mobile money arm, is planning a significant initial public offering. The listing could raise between $1.5 bil...
- Defence and maritime cooperation of India-Africa driven by vision 'MAHASAGAR', says EAM S JaishankarHighlighting the strategic dimension, Jaishankar said, "Defence, security and maritime cooperation play an important role in our engagement...
- Jaishankar says India-Africa Forum Summit-IV to shape next phase of partnershipIndia and African nations are preparing for the 4th India-Africa Forum Summit. This event will shape a new phase of their partnership. The ...
- Quadria, PE funds eye stake in Samarth Lifesciences; deal may value firm at Rs 4,500 croreQuadria Capital is eyeing a strategic acquisition of a majority interest in Samarth Lifesciences, a move that could value the transaction a...
- Fidelity marks down conversational AI platform Gupshup's valuation by 80% to $278 millionGupshup was valued at $1.4 billion when Fidelity first invested in the company back in 2021 through a secondary transaction. The asset mana...
- AI-led lending platform Uncia raises $3 million from Pavestone to scale up, expand overseasThe funding marks Uncia’s first institutional round and will be used to grow its presence in India and expand presence into the Middle East...
- PE funds continue to stay upbeat on UAE despite West Asia conflictPrivate equity firms are investing in the UAE despite Middle East tensions. Blackstone committed $250 million to a new payments platform. N...
- Banking tech companies cash in as fintech rewires businessStartups like Zeta and M2P Fintech are capitalizing on the digitization of financial services, providing banking technology to banks global...
- M2P Fintech inches closer to unicorn status with $80 million funding from Helios, Bank Muscat, othersM2P Fintech is set to close a $80 million funding round with Helios Investment Partners leading the round and Bank Muscat participating. So...
- Maharashtra minister announces red carpet for MSMEs, startupsAccording to a statement issued by the organisers, the minister speaking on this occasion said, "Fintech has revolutionized the financial s...
- Mastercard to buy stake in MTN's fintech unitMastercard has agreed to take a minority stake in the financial-technology business of MTN Group, the largest wireless carrier in Africa, w...
- Nigeria launches $672 million tech fund for young investorsThe fund - targeting 15 to 35-year-olds - comes at a time when there are concerns locally about the failure of US startup-focused lender SV...
- India looks at Africa as partners in progress, solar, drinking water key areas: Piyush GoyalThe minister said that solar power, military engagements in the Indian Ocean, defence trade, manufacturing in the defence sector particular...
- Paycraft accelerates growth, forays into MENA RegionPayCraft has developed solutions in accordance with the guidelines set by the Central Bank of UAE and Ministry of Labor, to help in the pro...
- Airtel Africa partners Finablr for international money remittancesAt a time when inbound remittances to the continent are growing, the arrangement will allow customers to leverage Finablr's global network ...
- Quona Capital plans to raise $150-200 million Fund IIIAccion, a global non profit focussed on fintech is one of the anchor investors in the fund and will remain an anchor investor in the Quona’...
- KPMG acquires global fintech innovation and matchmaking platform Matchi"These acquisitions are important from the perspective of the growth of Fintech sector, both globally and in India,” said Neha Punater, Hea...
- Quona to invest 30% of its $141 million fintech-focused fund in IndiaThis will make India its largest target market among other rapidly growing markets such as South Africa, East Africa, Brazil, Mexico and So...
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