Africa FinTech Spotlight
Africa Fintech Network
A platform that unites Africa fintech leaders, organizations and stakeholders.
Premier Credit Uganda secures $1.5m to boost financial inclusion
Premier Credit Uganda, a licensed microfinance institution and subsidiary of The Platcorp Group, has raised $1.5m from Swiss impact asset manager Enabling Qapital to expand its operations and further its mission of driving financial inclusion across the country.
The funding marks one of the largest financial deals in Uganda this year, according to Crunchbase, and the only FinTech investment completed in July. The capital will help the company extend services to underserved groups, including rural communities, women and young people, who often face difficulties accessing traditional financial products.
barq Digital Payments Partners with Western Union to Expand Global Financial Access
barq Digital Payments has signed a new agreement with Western Union, aimed at delivering faster, more secure, and flexible financial services across a vast global network.
The partnership is designed to strengthen barq’s regional and international footprint while enhancing the customer experience with seamless cross-border money transfers. By leveraging Western Union’s extensive global reach, barq will be able to offer millions of users greater convenience, speed, and reliability in financial transactions.
In announcing the deal, barq emphasized that the collaboration supports its broader vision of driving financial inclusion and advancing digital transformation in line with Saudi Arabia’s fintech growth agenda and Vision 2030 goals.
Bangladesh Bank to Launch Instant Payment Platform with Gates Foundation Support
Bangladesh Bank, with the support from Gates Foundation, is preparing to launch a unified interoperable instant payment system that will connect all banks, mobile financial services (MFS), microfinance institutions, and upcoming digital banks under a single platform, Governor Ahsan H Mansur announced on Monday.
UAE’s Botim partners with Ethiopia’s largest bank to serve 200,000 UAE residents
Dubai: UAE fintech platform Botim has partnered with Ethiopia’s largest bank to offer money transfer services to over 200,000 Ethiopians living in the UAE.
The deal with Commercial Bank of Ethiopia (CBE) allows Botim's 8.5 million UAE users to send money directly to Ethiopian bank accounts, mobile wallets, or for cash collection at nearly 2,000 CBE branches across Ethiopia.
The partnership comes as Ethiopia received $5.1 billion in remittances during the first nine months of its current fiscal year, highlighting the crucial role these transfers play in the country's economy.
PayU exits Kenya six years after launch, appoints liquidator
PayU Kenya, a subsidiary of the global payments and fintech company PayU, has officially begun liquidation proceedings, marking its exit from the Kenyan market after six years of operations. According to a public notice, the company has appointed Sonal Tejpal as the liquidator, effective from August 19, 2025.
The decision to shut down was filed under Kenya’s Insolvency Act and published in a local newspaper. As liquidator, Tejpal is now responsible for winding up the company’s affairs and settling any outstanding liabilities.
Read more: https://techpoint.africa/news/payu-exits-kenya/
Solidgate partners with LHV for simple SEPA payments
Solidgate, a global payments orchestration platform, has partnered with LHV Bank to power instant SEPA payments across Europe.
The alliance improves Solidgate Treasury’s ability to deliver faster settlements, better liquidity, and cross-border money movement for high-growth digital businesses. Solidgate Treasury was created to help digital-first companies move funds securely and quickly, and by integrating LHV’s fintech-powered banking infrastructure, the company enables almost instant settlements, better cash flow, and reduced operational complexity for merchants.