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Kenya's fintech Kwara lands $4 Million in seed round from Breega, SoftBank to build neobank for credit unions – TechCrunch

The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with its proprietary Back-end-as-a-service (BaaS) software. The startupโ€™s trajectory has been steep, as its clientele shot up from two to 50 in just over two […]
South Africa Cynthia Wandia Ben Marrel Softbank Vision Fund Central Bank East African

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Lami Technologies secures Ksh. 192 million seed funding to enhance insurance products in Kenya

Lami Technologies secures Ksh. 192 million seed funding to enhance insurance products in Kenya Shares Lami Technologies, Kenyan insure-tech start-up, has received Ksh. 192,330,000 ($1.8 million) in seed money, to help provide tailored and affordable insurance products to the average African consumer. Lami also stated that it intends to use the seed investment to hire more people, improve its technology and grow its presence across Africa. The investment round was led by Accion Venture Lab, a se...
South Africa Jihan Abass Accion Venture Lab Acuity Ventures Continent Venture Partners Eastern Africa

Lami Technologies Secures Seed Funding For Growth

Founded by Jihan Abass in 2018, Lami is a digital insurance platform that enables partner businesses โ€“ including banks, tech companies, and other entities to easily and seamlessly offer digital insurance products to their users via its API. Lami can also be used by partner businesses to manage their own insurance needs. Lami connects partner organizations, such as e-commerce platform Jumia, with underwriters and allows them to offer a superior customer journey. Through its API, users can get ...
South Africa Michael Schlein Ashley Lewis Jihan Abass Accion Venture Lab Alami Technologies
Source: cio.co.ke

Asia-Pacific financial institutions M&A interest tracker

This tracker covers possible deals reported by media across Asia-Pacific over a certain period. The information is gathered from various news sources, excludes confirmed deals and is limited to potential acquisitions or sales involving companies or operations in the region. Click here to read the previous months report. Australia and New Zealand emerged as bright spots for potential deals in Asia-Pacifics financial sector in March, as Westpac Banking Corp. kicked off a review of its New Zealand...
New Zealand Hong Kong Cempaka Al Amin China Strategic Holdings Ltd Yongjin Group Suncorp Group Ltd

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