Djamo is one of several digital banking startups targeting Africa’s underbanked. But unlike many that focus on large markets like Nigeria, Egypt, or South Africa, Djamo has carved out a niche in Francophone West Africa, specifically the Ivory Coast and, more recently, Senegal. It now serves over one million customers across both countries. The Y…
Category: digital banking
Chime, digital banking, Fintech, Global IT News, Global Security News
IPO-bound Chime hopes to boost growth by paying higher interest rates
As it gears up to go public, Chime is going all in on new features in an effort to attract more customers. The digital bank is offering customers who agree to have their paychecks directly deposited into a Chime savings or checking account an APY of 3.75%, it tells TechCrunch exclusively. For those who don’t…
digital banking, Fintech, Global IT News, Global Security News, immad akhund, mercury, Sequoia, Startups
Fintech Mercury lands $300M in Sequoia-led Series C, doubles valuation to $3.5B
Digital banking startup Mercury has raised $300 million in primary and secondary funding at a $3.5 billion post-money valuation, the company confirmed to TechCrunch on Wednesday. The valuation is more than double the startup’s valuation when it last raised capital — a $120 million Series B round in 2021 that valued the company at $1.62…
alkami, digital banking, Fintech, Global IT News, Global Security News, Mantl
Alkami is buying fintech Mantl for $400 million
Digital banking services provider Alkami Technology is acquiring Mantl, which has been described as “the Shopify of account opening,” for $400 million. Mantl, founded in 2016 by Nathaniel Harley and Benjamin Conant, developed software to make it easier for people to open accounts digitally at community banks and credit unions. The end goal is that…
Affinity, affinity africa, Africa, digital banking, Fintech, Global IT News, Global Security News, hybrid
Ghanaian fintech Affinity bags $8M to scale digital banking in a mobile money-driven market
Africa’s top digital banking platforms typically dominate high-growth, populous markets like Nigeria, South Africa, and Egypt. But Affinity Africa, an upstart from Ghana, wants to join the conversation. The startup has raised $8 million in seed funding to expand its financial products further across the country, where mobile money is the dominant financial tool. While…
Chime, digital banking, Fintech, Global IT News, Global Security News, IPOs, IPOs 2025, Startups
$25 billion valuation Chime takes another step towards an IPO
Digital bank Chime has reportedly filed its confidential IPO paperwork with the SEC, with an eye toward a 2025 debut. © 2024 TechCrunch. All rights reserved. For personal use only.