AfricaWorks Insights
February 11, 2025 at 02:35 PM
South African 🇿🇦 fintech startup Fynbos Money simplifies long-term investing with a flat subscription fee instead of high platform costs 💰. It offers free emergency and tax-free savings accounts, plus a paid tier with advanced features. Launched in early 2024, it has over 2,000 users and is focused on scaling in South Africa’s tax-free savings market 🎯.
Nigerian 🇳🇬 fintech Raenest has raised $11 million in Series A funding, led by QED Investors, to expand its cross-border payment solutions across Nigeria, Kenya 🇰🇪, the U.S. 🇺🇸, and Egypt 🇪🇬. Since launching in 2022, Raenest has processed over $1 billion in transactions, serving more than 700,000 users with multi-currency wallets, global accounts, and Geegpay for freelancers. This funding will help scale its operations and drive financial inclusion for Africans and businesses worldwide 🌍.
Ghanaian 🇬🇭 fintech startup Hurupay has launched Africa’s first stablecoin-based virtual US dollar accounts for freelancers and remote workers 🚀! Founded in 2023, Hurupay helps users protect their income from currency depreciation by providing seamless, fee-free USD payments. Now available in 40+ countries, including Nigeria, Ghana, and South Africa, Hurupay is making global transactions more accessible 💪.
Airlink has grown rapidly, increasing flights by 31%, doubling seat capacity, and boosting passenger numbers by over 200% 📈. Now serving 47 destinations across 16 African 🌍countries and St Helena Island 🇸🇭, the airline has also forged 40 global partnerships to enhance trade and travel. Committed to Africa’s economic growth, Airlink embraces Ubuntu, recognizing the power of connectivity in driving progress 🤝.
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