Category: Fintech
Transsion’s VC Fund Makes First Investment in an African Fintech Start-Up; the Chinese-owned Opera Mobile Browser Well Positioned to Capitalize on Financial Services
International interest in Africa's burgeoning fintech sector dropped considerably in the first half of the year due to the ongoing COVID-19 pandemic but now we're starting to see some of the first signs of interest from Chinese VCs and other investors.
How China’s Technology Startups Are Scaling Across Africa
Computer Village in Lagos, Nigeria is a curious combination of old and new. Dirt roads are lined by hundreds of kiosks featuring the latest mobile phones and computers. Hawkers and criers call out deals at the entrance to both bric-a-brac sheet ...
Mobolaji Adeoye: More Chinese VC Investment is on its Way to Africa in 2020
Mobolaji Adeoye, founder of Consonance Investment Managers, is a highly-regarded early-stage investor in the African start-up sector and provided his outlook for the year ahead in the VC space that attracted $1.27 billion of venture capital investment in 2019. Mobolaji Adeoye's ...
2020 Will be a Big Year in the China-Africa Tech Sector
China's role in the African tech market is rapidly evolving away from just being a source of low-cost electronics to becoming the indispensable player in the continent's rapidly developing market for digital services, networking equipment and venture capital financing.
China is Rapidly Building a New Cryptocurrency That Everyone in Africa Should Know About
Spurred on by the now flailing Facebook cryptocurrency Libra, China fast-tracked development of its own form of digital money that it initially thought would compete with the social network's but now may have vast portions of the global market to itself, particularly in Africa. ...
The Rise of Chinese Private Sector Investment in Africa
Chinese investors have been wary of the African market. For a long time, China's cash-rich venture capital, private equity, and corporate investors have preferred the stability in the U.S. or the cultural familiarity in Southeast Asia's markets. Africa, in their view, ...
“We’ve Been Waiting for China to Go All-in in African Digital in Full.”
The Bloomberg BusinessWeek Podcast featured an interview in their weekly show with TechCrunch journalist Jake Bright who's broken of the deal news around the recent spate of Chinese venture capital investments in African start-ups. The discussion with Bright that focuses on ...
Latest $120 Million Series B Round for Opay Proves Chinese Investors Have Made an “Unmistakable Pivot to African Tech”
The pace of Chinese investment in Africa's tech sector appears to be heating up anew with a $120 million second funding round, also known as a Series B, for the Nigeria-based fintech company OPay. What's interesting here is that some of China's largest tech players, including the ...
OPay and PalmPay: Two Chinese-Backed Investments Battle it Out in Africa’s Rapidly Growing Mobile Payment Market
Nairobi-based Malawian tech entrepreneur Wiza Jalakasi offers his take on the Opay vs. PalPay duel that is emerging. Follow Wiza on Twitter at @wizaj and find out more about his portfolio on his personal website at wiza.jalaka.si.
What African Banks Can Learn from Chinese Fintechs
In 2017, mobile technologies and services generated 7.1% of GDP across Sub-Saharan Africa, and Mckinsey found a sharp rise in the number of mobile financial services such as peer-2-peer borrowing, group savings and micro-loans among others. ...