Branch International, a mobile branchless bank for emerging markets, has announced a US$70mn Series B investment to further expand its financial offerings to additional countries
Mobile
Ecobank mobile app reaches four million users accounts in Africa
The upgraded version of Ecobank’s mobile app has attracted three million new customers in six months, thus taking the total number of users to four million
PayPal to partner with African mobile money companies
The US-based e-commerce giant PayPal has announced plans to collaborate with African mobile money companies to provide services to the region’s unbanked population
Careem in talks to raise as much as US$500mn in new funds
Ride-sharing app Careem is in early talks to raise as much as US$500mn in new funds from investors, Reuters reported citing sources
France’s Orange distributes solar panel kits in some African countries
Orange SA said it would distribute solar panel kits in certain African countries, in a move to potentially gain customers in emerging economies amidst a price war with low-cost rivals in its home markets