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Issue 36
Dec 16 - Jan 05, 2020

Hi there,

Happy to be back! 

2019 was a great year for us as we launched the Decode Fintech newsletter, and published 35 issues. As we get into the new year we're looking to add some new sub-categories to the newsletter. Do you have any suggestions for us? Please feel free to let us know what you'd like to read up on in future issues. 

Have a fantastic 2020!
Simi + Tochukwu
Product Specialists, Paystack
NigeriaGhanaian fintech startup, KudiGo, expands to Nigeria. KudiGo, an e-commerce management platform, that helps merchants process payments, analyse data, and perform accounting functions, has launched their services in Nigeria. The startup has processed about $2.4 million in transactions, and is planning to expand to Kenya and Uganda. Tech Gist Africa
AfricaAfrica's funding landscape in 2019. Briter Bridges (@briter_bridges), a UK-based research firm, announced the release of their 2019 investment report, analysing investments raised by African startups in 2019, from $50,000 upwards. The fintech sector received the most funding during the year. Twitter

Download the detailed report here
AfricaStatistics on mobile money penetration in Sub-Saharan Africa. iRise Hub(@iRiseHub) shared the latest World Bank stats on mobile money usage in Sub-Saharan Africa in this tweet. Twitter
NigeriaCentral Bank of Nigeria (CBN) mandates banks to reduce transfer fees & ATM withdrawal charges. The CBN has issued a directive to all commercial banks in the country, to slash the charges on inter-bank transfers and ATM withdrawals. This move is designed to reduce the burden of bank charges for customers, and encourage financial inclusion. WeeTracker
TanzaniaVodacom Tanzania and WorldRemit partners to enable mobile money remittance in Tanzania. Vodacom Tanzania is in partnership with WorldRemit, an online money transfer service, to enable ten million customers to receive money directly into their M-Pesa wallets. Using the WorldRemit app, Tanzanians living abroad in over 50 countries, can now send money home. Tech Moran
AfricaTerraPay joins forces with the UBA Group for cross-border remittance. TerraPay, a cross-border remittance company, announced its partnership with financial services provider, the UBA Group, to facilitate real-time money transfers in 20 countries across Africa. The service is currently live in 5 countries that UBA operates in, and will be rolled out to customers in the other countries within the bank's network.  Devdiscourse
Côte d’IvoireJulaya raises $550,000 to digitise financial services for SMEs. Ivory Coast-based fintech startup, Julaya, has raised $550,000 in funding from French angel investors, to expand their operations in the country. Julaya is a mobile money platform that enables customers to transfer money for free, and across all mobile networks. Disrupt Africa
Kenya4G Capital raises $2m for onward lending to SMEs in East Africa. 4G Capital, a Kenyan-based lending startup, raised a $2 million debt facility from Ceniarth LLC. They plan to use the investment for onward lending to informal micro, small, and medium-sized enterprises across Kenya and Uganda.  Tech Africa
NigeriaNigerian micro-investing startup, Trove raises funding from ARM. Nigerian fintech startup, Trove, has secured an undisclosed amount of equity funding from asset management firm, ARM, to enable their customers to access global investment opportunities. Disrupt Africa
Share a tip
Do you have an announcement, event, or job posting you'd like to share, or have you come across an interesting bit of African fintech news recently? Hit reply and let me know! I might be able to include it in next week's newsletter.
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VP of Software EngineeringNew
Cape Town, South Africa
Head of ProductNew
Cape Town, South Africa
Carbon (formerly Paylater)
Senior Platform ManagerNew
Nairobi, Kenya
Data Scientist
Lagos, Nigeria
Branch International
Operations Director
Lagos, Nigeria
Growth ManagerNew
Kampala, Uganda
Data Analyst
Kampala, Uganda
Client Partner, Johannesburg
Johannesburg, South Africa
Peach Payments
Operations Specialist
Cape Town, South Africa
Product Designer
Cape Town, South Africa
Kuda Bank
QA Engineer
Lagos, Nigeria
Marketing Manager
Lagos, Nigeria
Solutions Delivery Manager
Johannesburg, South Africa
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