Pngme is expanding its data science, engineering and sales teams globally 153msinghtechcrunch. The company recently raised $8 million in Series A investment from a group of investors including venture capitalists and executives from Y Combinator. It has also rebranded itself as Fin.
Finclusion Group rebrands to Fin
Finclusion Group, a South African financial technology company, has officially changed its name to “Fin” and will use the new brand to launch a series of financial services products that can help address the needs of microfinance institutions in Africa. These include the use of data science, a customised user experience, and an AI-powered credit scoring solution.
The group aims to close the credit gap in Africa with its innovative products, but also aspires to become a leading global neobank in Eastern and Southern Africa. It plans to use its funding to expand operations and develop new products and services.
The company has already secured $20 million in debt and equity financing. Aside from the company’s core loan business, it has also invested in Kenyan insurtech firm m-Tek.
Djamo gets accepted into Y Combinator
Djamo, an Ivory Coast based fintech startup, was recently selected to join Y Combinator, a Silicon Valley based accelerator for startups. The startup aims to bring affordable banking to millions of unbanked consumers in Francophone Africa.
Djamo’s software helps users manage finances across different channels. It is designed to make the transfer of funds easier, whether between banks or mobile money wallets. This allows customers to send and receive money at rates up to 80% cheaper than other bank accounts.
To date, Djamo has processed over $400 million in payments. It offers multiple fintech products and services, including a Visa debit card. Currently, the company is processing 50,000 transactions a month. The app is also used by over 90,000 users.
Hassan Bourgi and Regis Bamba founded Djamo last year. They plan to expand their financial services to French speaking countries in the near future.
Ejara raises $8 million in Series A investment
Ejara, a Cameroonian fintech startup, recently announced a series A fundraising round of $8 million. The round was led by London-based venture capital firm Anthemis and crypto-focused fund Dragonfly Capital. This round also includes new investors including Circle Ventures and Hashkey Group.
Founded in 2020, Ejara provides a suite of financial products and services to French-speaking African users. It offers a variety of financial solutions, including crypto investing, mobile money transactions, and secure storage of crypto assets.
In addition to its investment offerings, Ejara has introduced a savings product for users. It is the first of its kind in the crypto industry and aims to help people gain financial literacy.
Since its launch, Ejara has become a popular option for users in Africa. The company has gained over 70,000 users in nine Francophone African countries, and is expected to reach over 100,000 users by the end of the year.
Okra raises $4.5 million in two rounds
Okra has secured $4.5 million in two rounds of funding. These new funds will be used to expand its data infrastructure across Africa. The company plans to use these funds to help companies and consumers access financial data more easily.
Founded in 2019, Okra has grown significantly in the last year. It has secured $3 million in a pre-seed round, and also secured $1 million in a seed round. As a result, the startup has already built a robust and impressive list of partners and investors.
Okra is a fintech company based in Nigeria that focuses on API-based innovation. It provides a secure, fast, and reliable way to exchange financial information. Using its API, businesses can build personalized digital experiences for their customers. This includes financial services, but also other types of digital-first platforms.
Pngme is expanding its data science, engineering and sales teams globally
Pngme, a fintech firm based in San Francisco and Africa, has raised $15 million in Series A funding. The company will use the money to grow its sales and engineering teams globally. It will also expand its executive team.
Pngme provides an API to unify and aggregate financial data from different sources. Developers can then use this data to create financial products. These solutions aim to increase lifetime value and lower customer acquisition costs. They are designed to work with a variety of financial institutions, including banks and credit bureaus.
Pngme will use the new funding to increase its data processing pipelines, which allow financial data to be processed at scale. In addition, the firm will focus on implementing machine learning frameworks and growing its infrastructure.
