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Africa’s top digital banking platforms typically come from high-growth, populous markets like Nigeria, South Africa, and Egypt. But Affinity Africa, an upstart from Ghana, wants to join the conversation. The startup has raised $8 million in seed funding to expand its financial products further across the country, where mobile money is the dominant financial tool. […]
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Clearco co-founder Andrew D’Souza tells TechCrunch that he has stepped back from his role as chief executive at the fintech company. Michele Romanow, the co-founder and president of Clearco, is now chief executive of Clearco. D’Souza, meanwhile, has assumed an executive chairman role and continues to be the largest shareholder in the company, he tells […]
Africa’s insurance market is expected to grow at a compound annual growth rate (CAGR) of 7% between 2022 and 2028, reaching $120 billion. Though seemingly impressive, the insurance industry in Africa could be worth more if insurance penetration on the continent wasn’t extremely low, less than 3%, according to reports. As a result, traditional insurers […]
Andy Bromberg, CEO of a16z-backed Eco, is claiming that Pebble, another fintech startup that came out of stealth this morning, “plagiarized” Eco’s materials and business model. Bromberg posted a Twitter thread this afternoon saying Pebble engaged in “copy-and-pasting, immaturity, lying, and espionage.” In the thread, Bromberg detailed the background behind his claims, and he also […]