- EmpowerAfrica
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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
African Changemaker
Aziz is a Senegalese fintech entrepreneur on a mission to build the next African PayPal by providing daily services, including payment solutions and an artificial intelligence-based personal assistant.
He is doing this through PayDunya, a Dakar-based Pan-African payments champion he co-founded in 2015.
PayDunya facilitates the sending and receiving of payments on a website or mobile application and the collection and disbursement of bulk payments. Having missed the turning point of the industrial revolution, Aziz believes Africa mustn’t miss out on the digital one.
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Africa Finance Corporation has raised approximately $431 million (CHF 350 million) through a five-year digital bond to support its general funding requirements and expand its capacity to finance infrastructure across Africa.
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Convergence Partners has led an undisclosed Series C funding round in Yellow, an African fintech that finances smartphones and off-grid solar products.
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The African Development Bank Group and Cassa Depositi e Prestiti, Italy’s national promotional institution and development finance institution, have approved a combined $35 million equity investment in RMBV North Africa Fund III.