The FinTech space in Africa is witnessing rapid growth as innovative new financial services players disrupt the traditional modalities of banking across the continent.

FundedByMe today announced that they acquire 100% of the shares in the established financial company Laika Consulting AB, a leading communications agency in financial communications. 

Fintech pioneer Centtrip has just launched a revolutionary payment service with the potential to save businesses substantial amounts of money and reduce transaction times to literally seconds. 

QuantHouse, the leading independent global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure solutions, today announced the launch of its trade and book updates synchronisation feature in response to client requirements. 

MFS Africa, a leading Pan-African FinTech company, today announced a $4.5m Series B funding round led by LUN PartnersGroup, a China-based global investment management group. Goodwell Investments, an Amsterdam based investment firm focused on financial inclusion, fintech and inclusive growth, as well as several angel investors completed the round.

Smaller merchants are systematically failing to engage with PCI compliance programs, according to a new acquirer survey from Sysnet Global Solutions, a leading provider of cyber security and compliance solutions to the payments industry. 

The use of artificial intelligence (AI) and machine learning (ML) in financial services (FS) is on the rise, with 83% of banks having evaluated AI & ML solutions, and 67% having actively deployed them, according to a new study out today.

To keep pace with the spectacular growth exhibited by the fintech industry, traditional financial institutions must move away from old legacy technology systems and adopt more agile, flexible IT services. This is according to the multinational software innovator, TmaxSoft, which believes this migration is needed to respond to changing consumer habits in real time and offer more personalised customer service.

UK scale-up Natterbox has announced today that it has secured significant Series A funding from Octopus Investments to continue its rapid growth. As the world’s first global business phone system managed entirely within Salesforce, the Natterbox platform allows companies to revolutionise interactions with customers over the phone and provide them with a much more streamlined, informed and personalised experience.