fintech

Financial technology (abbreviated fintech or FinTech) is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public. Financial technology companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies.

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  1. babu M

    Tanzanian fintech startup NALA raises $10m funding for continental expansion

    Tanzanian fintech startup NALA has raised US$10 million in funding as it plans aggressive expansion across Africa in 2022. A past winner of the Ecobank Fintech Challenge and Seedstars Tanzania, NALA has developed an app that allows users to make payments from the United Kingdom (UK) to...
  2. MK254

    Nairobi ranked as the city with the largest fintech ecosystem in Africa.....

    Tukiwaambia muache kulinganisha Nairobi na miji uchwara mnaona kama mnatukanwa... Nairobi has been ranked as the only African city in the top 50 category of cities around the globe according to the 2021 Global Fintech Rankings. The city was ranked in position 37 ahead of Lagos which dropped to...
  3. Geza Ulole

    FinTech Modulr to power NALA Money’s UK launch

    February 19, 2021 NALA Money, a Tanzanian startup, announced that it has become an Electronic Money Directive agent with its partnership with Modulr. The development comes before the scheduled launch of its transfer app for the UK’s East African Diaspora. With the launch, the FinTech will be...
  4. Tony254

    Kenya is becoming a global hub of fintech innovation

    Kenya Is Becoming a Global Hub of FinTech Innovation A Safaricom employee displays the M-Pesa money transfer service on a smartphone inside a mobile phone care centre in Nairobi on November 22, 2018. SIMON MAINA/AFP via Getty Images Summary. For more than half a century, the U.S. was the...
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