March 29, 2024

Web and Technology News

After chargeback fraud debacle, Union54 CEO says fintech in Africa ‘isn’t child’s play’

Last July, TechCrunch reported that customers of several fintech apps couldn’t access the virtual dollar card service that these platforms provided. In addition, customers couldn’t create new cards, fund existing ones, or make online and in-store payments and purchases with them. At the heart of this issue was chargeback fraud that Zambian startup Union54, whose […]

After chargeback fraud debacle, Union54 CEO says fintech in Africa ‘isn’t child’s play’ by Tage Kene-Okafor originally published on TechCrunch

Zambian card issuing startup Union54 raises $12M led by Tiger Global

Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. Other participating investors in this financing include existing ones such as Vibe VC and new investors Earl Grey Capital and Packy Mccormick’s Not Boring Capital. It’s been only six months since Union54, whose API allows African software […]