The Empower Africa Business Platform is Now Live !!!
Their new virtual card program empowers both consumers and businesses to embrace the digital future, paving the way for financial inclusion and a thriving online economy.
Consumers can enjoy seamless online purchases, entertainment subscriptions, and more, while startups and small businesses can operate with enhanced flexibility and efficiency.
“This program addresses a crucial need in our country,” remarks Karim Nouri, GM of Illicocash.
“As a pioneer in digital payments, we’re proud to partner with Mastercard to expand financial access for the unbanked and underbanked through this innovative solution.”
For Mastercard, this partnership aligns perfectly with their global mission.
“Building a more inclusive digital economy is our top priority,” emphasizes Jean-Charles Yallet, FSSA Country Lead for MENA West at Mastercard.
“By working with local fintech leaders like illicocash, we can empower millions in the DRC and beyond to embrace the benefits of digital transactions.”
The virtual card program boasts two key advantages: speed and universality.
Cards can be issued quickly and easily, eliminating lengthy application processes. Additionally, they work seamlessly across both domestic and international websites, opening doors to a vast online marketplace.
Stitch, a leading fintech startup in South Africa, has announced a $25 million Series A extension round led by Ribbit Capital.
Egypt’s T-Vencubator, a prominent venture capital firm and incubator, has unveiled its initial investment program, which aims to back five startups by 2025.
Cauris Finance, an Africa-focused impact credit fund, has successfully closed a $40 million debt facility with a U.S.-based institutional investor.