|South Africa||TymeBank acquires Retail Capital. TymeBank, a South-African digital bank, is set to acquire Retail Capital, a business that provides loans to SMEs. With this acquisition, TymeBank will be able to expand its business banking operations and acquire new users. PYMNTS|
|Global||How does BNPL actually work? An informative primer on the different forms of Buy Now, Pay Later (BNPL) financing. Fintech Fundamentals|
|Africa||YouVerify raises $1m seed extension. YouVerify, an identity verification service for fintechs, with operations in Ghana, Cote D'Ivoire, South Africa, Kenya, and Uganda, has extended its previous seed round by $1 million. This brings the total seed funding raised to date to $2.5 million. The round was co-led by Orange Ventures and LoftyInc Capital Management and will be used to expand into more African countries and drive product development. Disrupt Africa|
|Kenya||Lami completes a $3.7 million seed extension. Kenya's Lami has also extended its seed round by $3.7 million. Investment into the digital insurance startup was led by Harlem Capital and will be used to explore new businesses, develop new products, and expand into new markets. TechCrunch|
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