The idea that a bank can be wholly digital is unrelatable and unremarkable to most Africans for two reasons. About 66% of African adults are not banked. Whenever they ask for an account over the counter, they are referred to the customer service contract staff who requests certain credentials the user may not have. Secondly, […]
Kuda processed $2.2bn in February 2021. It has now raised a total of $36.6m in two years to build Africa’s digital bank. Nigerian fintech startup Kuda has raised $25 million in a Series A round led by Valar Ventures, the firm co-founded and backed by PayPal co-founder Peter Thiel. Target Global, the European venture capital […]
Next Wave: If Flutterwave did it mPharma does it again MARCH 14, 2021 This newsletter is a weekly in-depth analysis of tech and innovation in Africa that will serve as a post-pandemic guide. Subscribe here to get it directly in your inbox every Sunday at 3 pm WAT Hello, On a radio show last Thursday, […]
The BackEnd explores the product development process in African tech. We take you into the minds of those who conceived, designed and built the product; highlighting product uniqueness, user behaviour assumptions and challenges during the product cycle. — By the standards of today’s technological advancements, banking as a service should be more digitalised than ever. […]
Digital banks talk a big game about solving problems with traditional banks. Why aren’t more people using them?