New Investments
Uganda’s Agent Banking Company (ABC) Secures Investment from Goodwell Investments
The investment will fuel ABC’s growth plans, including expanding its client base, increasing agent coverage, and introducing new financial services.
ABC, established in 2017, is a licensed Payment Systems Operator focused on providing accessible financial services to underserved communities in Uganda.
Richard Jabel, ABC’s CEO, expressed his enthusiasm for the partnership, stating that the investment will enable the company to further enhance its services and improve access to basic financial services through mobile phones, agents, and merchants.
Goodwell’s investment comes at a time when Uganda’s financial technology landscape is experiencing rapid growth.
Other notable payment providers, such as Flutterwave, eTranzact, and NALA, have also secured licenses to operate in the country, indicating a growing demand for digital payment solutions.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
LAfricaMobile Closes its $7 Million Series A Funding to Drive Cloud Communication and AI in Africa
LAfricaMobile, a leader in cloud communication and artificial intelligence (AI), has successfully closed its Series A funding round, raising a total of €6.5 million ($7 million).
Candi Solar Raises $24 Million to Expand Clean Energy Projects in India and South Africa
Candi Solar, a company that supplies clean energy to businesses in developing countries, has raised $24 million in new funding from its current backers.
Tunisian Team Collaboration Startup Cynoia Secures $930k in Funding for West African Expansion
Tunisian team collaboration startup Cynoia has announced a significant funding milestone, securing $930,000 to fuel its expansion into the West African Economic and Monetary Union (UEMOA), focusing on Senegal and Ivory Coast.