What’s happened this Week:

• Moove goes to the UK with Electric Vehicles

• Wasoko partners with Zanzibar government for “Silicon Zanzibar” initiative

• Jumia Partners With Zipline For On-Demand Drone Deliveries In Ghana

• and more…

Flutterwave Inc, the popular African fintech, has been in the news a lot lately. This week, it was reported by Bloomberg is preparing for an initial public offering (IPO) on the Nasdaq stock exchange.

The company is planning to use the funds to expand operations in its existing markets and enter new ones in Africa, according to their Chief Financial Officer Oneal Bhambani.

Earlier this year, Flutterwave raised a series D round of $250 million which valued the company at $3 billon.

Lately, the company has faced a lot of negative press including allegations of harassment and money laundering in the Kenyan market.

Flutterwave recently received a new payment license in Nigeria as it pushes towards its IPO.

We’ll have to wait and see what happens as Flutterwave tries to go public in the near future

In The News This Week

Moove Partners With Uber UK To Bring Thousands Of Electric Vehicles to London

Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, is announcing its launch in London as part of its global expansion

Anchor, A Banking-As-A-Service Platform Joins Y Combinator’s S22 Batch

Anchor, a banking-as-a-service (BaaS) platform making it possible to seamlessly build financial products in Africa announces its public beta launch. The startup was also accepted into Y Combinator Summer 2022 Batch as the first African BaaS and embedded finance platform.

Grey Raises $2 Million to Simplify Cross-Border Payments Across Africa

Grey, a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans, has raised $2 million in seed funding. The service offered by Grey enables its customers to have virtual international bank accounts for free and enjoy a seamless foreign payment process.

Wasoko Becomes Official Private Sector Ambassador for “Silicon Zanzibar” Initiative

Wasoko, the African e-commerce company leveraging innovative technology to transform the informal retail supply chain, has announced the official launch of the “Wasoko Innovation Hub” in partnership with the Zanzibar government.

Duplo Raises $4.3 Million In Seed Funding Round To Transform Business-to-Business Payments In Nigeria

Duplo, a business-to-business payment platform that makes it easier for African businesses of all sizes to pay each other, has raised $4.3 million in seed funding to launch new products and expand into new business verticals in Nigeria.

Jumia Partners With Zipline For On-Demand Drone Deliveries In Ghana

Jumia, the pan-African e-commerce company, has announced a partnership with Zipline to launch on-demand drone delivery in Ghana.

Featured Articles

Omnichannel Payment Systems To Expand On The African Continent

It has been shown that mobile money and other non-traditional forms of financial services are key enablers for financial inclusion in Africa – they have disrupted traditional financial services by providing better ways to transfer funds than using cash.

Africa Ecosystem Funding Activity

• Egyptian mobile commerce startup Sharwa raises $2m seed round - Disrupt Africa

• Egyptian subscription management platform SubsBase raises $2.4m seed round- Disrupt Africa

• Kenya’s Pezesha raises $11m pre-Series A to grow embedded finance platform - Disrupt Africa