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.
Nigerian HR-tech startup PaidHR has successfully closed a US$1.8 million seed funding round as it continues its mission to modernize payroll and human resource operations throughout Africa.
The International Finance Corporation (IFC) has unveiled a significant financing deal to advance Egypt’s transition to sustainable energy, with a $72 million loan package for the nation’s inaugural utility-scale battery energy storage system (BESS).
South African solar-as-a-service company Wetility has raised ZAR500 million (US$27.8 million) through a structured capital partnership with Jaltech to boost access to clean, affordable energy across the country.
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