Imalipay-gets-$3m-to-procide-financial-services-devcenter

$3M to Provide Financial Services Awarded to Imalipay

Financial service application Imalipay gets awarded $3M to provide and enable monetary services across Africa. The company, which describes itself as a one-stop-shop financial services platform, has closed a $3 million seed in debt and equity round. The fintech raised an $800,000 pre-seed round in 2020 after its launch by co-founders Tatenda Furusa and Oluwasanmi Akinmusire. READ: …

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Stax Is Leveling the Playing Field Between Ussd and Bank Apps

Stax is a startup that takes banking with Unstructured Supplementary Service Data (USSD) to an offline mobile application. Global System for Mobile Communications Association (GSMA), says mobile money transaction in sub-Saharan Africa is through USSD. According to a 2018 Quartz Africa article, the document had a protocol designed to facilitate communication between telcos and their subscribers. However, telcos …

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