The collaboration marks a significant milestone in Kenya’s banking sector and sets the stage for a new era of accessible and innovative banking solutions. Founded in 2021, Fingo aims to empower youths to create a wealthier Africa with distinctly designed financial products. The startup’s collaboration with Ecobank combines the agility and innovation of a neobank with the stability and expertise of an established financial institution.
Fingo seeks to deliver financial services such as savings, insurance, and credit to its users at cheaper transfer fees, subsidized rates at pay bills, and cash-back rewards, among other features.
Africa-focused agribusiness investment firm AgDevCo has received a significant financial boost through an $85 million joint investment from Swedfund, British International Investment (BII), and Norfund.
The British International Investment (BII) has announced an additional $4 million investment in SunCulture, a Kenya-based company specializing in solar energy solutions and irrigation equipment.
Acumen has invested in Wami Agro, a Ghanaian agritech startup.
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