Financial & Tech

Ukheshe, KCB Bank in Deal to Boost East African Payment Services

Ukheshe, KCB Bank in Deal to Boost East African Payment Services

Ukheshe, South African fintech startup has introduced a new Bank Identification Number (BIN) deal with Kenya-based lender KCB Bank Kenya. The new deal will see KCB sponsor Ukheshe’s Bank Identification Number (BIN) number, which will allow the startup to immediately issue both physical and virtual cards across East Africa where KCB has an extensive footprint. […]
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Google Unveils $10M Grant to Kenya for Post Covid-19 Recovery

Google Unveils $10M Grant to Kenya for Post Covid-19 Recovery

American tech giant Google has announced a 10 million US dollar package to support Kenya’s post Covid-19 recovery efforts. The announcement was made Wednesday evening by Google’s Chief Executive Officer Sundar Pichai during a virtual meeting with President Uhuru Kenyatta on the sidelines of a public discussion on digital transformation in Africa organised by the […]
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Free money transfer service Taptap Send launches in Kenya

Free money transfer service Taptap Send launches in Kenya

Venture-backed startup, Taptap Send which allows immigrants to send money home to emerging markets instantly has launched in Kenya. Taptap Send’s app-based solution which is also live  Ghana, Madagascar, Senegal, Mali, Zambia, Guinea, Ivory Coast, Cameroon and Bangladesh allow users to send money at no fee. The new service will allow users to send money […]
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Sendy, AfyaPoa partner to provide health insurance for its drivers

Sendy partners with Afyapoa to provide health insurance for its drivers

Logistics platform Sendy has announced that it will be providing health insurance for its drivers through Afyapoa health financing scheme. This makes it the first digital marketplace provider to extend health benefits cover to its driver-partners and their families. In a statement, the firm’s Chief Operations Officer Ambrose Nyangao says the partnership with Insurance For […]
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Kenyan AI startup Gro Intelligence raises $85m in Series B funding

Kenyan AI-powered insights startup Gro Intelligence announced the raise of $85 million in Series B funding to expand its adoption. The funding was co-led by Intel Capital, Africa Internet Ventures (a strategic partnership between TPG Growth and EchoVC), and the family offices of Ronald Lauder and Eric Zinterhofer. They were joined by previous investors DCVC […]
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Co-op Bank, Thunes partner to launch Global Money Transfer Solution

Co-op Bank, Thunes partner to launch Global Money Transfer Solution

Co-operative Bank of Kenya (Co-op Bank) has partnered with Thunes, a cross-border payment provider, to launch an alternative global money transfer solution dubbed Co-opRemit. Co-opRemit streamlines the process of real-time money transfers particularly within Africa, allowing Co-op Bank customers in Kenya to move funds across the world quickly at an affordable rate. Customers may send […]
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