Lendable closes second round of financing from institutional investors to expand access to credit across sub-Saharan Africa

Lendable closes second round of financing from institutional investors to expand access to credit across sub-Saharan Africa

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Lendable, Inc., a New York and Nairobi based technology-enabled funding provider to frontier market alternative lenders, or non-bank lenders in Mid December secured dual tranche 36 month note program, called Multi-Originator Segregated Portfolio 2, or “MOP2”, it’s second fundraise of secured pass-through…

Kenya’s Cellulant set to build a single payments API for Africa’s fintech companies & startups

Kenya’s Cellulant set to build a single payments API for Africa’s fintech companies & startups

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Cellulant, a Pan-African payments company providing a one-stop digital payments platform says it’s set to build an application programming interface (API) for Africa’s payments companies to solve Africa’s payment problems, grow eCommerce and improve cross-border remittances. “There is need for collaboration instead of…

BitPesa raises $5m from Sompo Holdings to revolutionize cross-border payments

BitPesa raises $5m from Sompo Holdings to revolutionize cross-border payments

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Kenya’s BitPesa has raised $5m from Japanese insurance group Sompo Holdings in a move expected to revolutionize cross-border payments and insurance services globally. Sompo will use Bitpesa’s technology to extend its presence in the international remittance service market and use it for its insurance services. The…