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.
MTN South Africa, together with American satellite company Lynk Global, has successfully carried out Africa’s first satellite phone call using a regular smartphone.
Ethiopian Airlines has teamed up with American company Archer Aviation to introduce electric air taxis in Ethiopia, making it the first initiative of its kind in Africa.
Egyptian semiconductor startup InfiniLink has raised $10 million in seed funding to accelerate the development of its energy-efficient optical connectivity solutions, designed for artificial intelligence (AI)- powered data centres.
© 2021 Empower Africa. All rights reserved.