Wasoko and MaxAB have completed Africa’s largest tech merger, creating a Pan-African platform serving 65 million consumers. The merger expands fintech services, intra-Africa trade, and private label products across five countries, positioning the company as a leader in Africa’s evolving tech ecosystem.
This strategic move represents not just the expansion of a fintech giant, but a potential redefining of how financial services are delivered in a rapidly evolving digital economy.
Tabby, a leading buy now, pay later platform, has acquired Saudi-based mobile wallet Tweeq.
Bahrain is gearing up for the second Fintech Forward event on October 2-3, focusing on key fintech topics like AI, blockchain, and cybercrime. Supported by Bahrain EDB and CBB, the event will highlight Bahrain’s role as a leading fintech hub in MENA, promoting innovation and strategic partnerships.
RakBank has partnered with Bitpanda Technology Solutions to launch a platform allowing UAE residents to manage digital assets efficiently. Pending regulatory approval, this collaboration aims to transform the UAE’s digital financial landscape, providing RakBank customers with access to a wide range of digital assets and fostering sector growth.
The DIGI Nepal Fintech Challenge, launched by the Swiss Agency for Development and Cooperation (SDC) and True North Associates (TNA), aims to promote digital innovation in Nepal’s fintech sector. The challenge offers an accelerator program with technical assistance, mentorship, and potential co-funding grants for selected participants to pilot their innovations.
Huawei Cloud, in collaboration with Fintech Saudi, hosted the Huawei Cloud Fintech Day Saudi Arabia 2024, highlighting innovative cloud solutions for the Kingdom’s fintech industry. The event introduced the Fintech Pioneer Program, offering exclusive support to fintech companies, and emphasized the partnership’s role in driving digital transformation and fostering a robust fintech ecosystem in Saudi Arabia.
Egyptian fintech Lucky ONE has raised $3 million in a convertible note, aiming for profitability by Q1 2025. The funds will expand its credit lending services, aligning with Egypt’s financial inclusion goals. Co-founders Momtaz Moussa and Ayman Essawy emphasize sustainable growth, with plans for regional expansion and a comprehensive financial services offering.
Zeebu, a Web3 payments platform for telecom, partners with SilentSwap, a privacy-focused cross-chain aggregator, to enhance transaction privacy and security. This collaboration integrates SilentSwap’s technology into Zeebu’s blockchain solutions, setting new standards in telecom settlements and DeFi. The partnership aims to offer a secure, decentralized application for global transactions.
Egyptian fintech Qardy raised a seven-figure pre-seed round from White Field Ventures, Vastly Valuable Ventures, and angel investors. Founded in 2022, Qardy connects MSMEs with financial institutions. The investment will enhance Qardy’s platform, expand services in the MENA region, and accelerate growth in KSA, emphasizing transparency and customer satisfaction.
