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FinTech News

Wegagen Bank Launches Digital Lending Platform in Partnership with Kifiya

Wegagen Bank, in partnership with Kifiya Financial Technology, has launched a new digital loan service, ‘Efoyta.’ Powered by Kifiya’s Qena,

Ethiopia fintech startup
FinTech News

Two Ethiopian Startups Reimagining Traditional Institutions Make the Cut in Timbuktoo’s Fintech Accelerator

eQub, a fintech startup aiming to digitize equb (peer-to-peer saving groups), and HuluCares, a startup focused on providing community-based Idir

FinTech News

Seqela Launches Digital Equb Platform in Tigray, Introduces In-Kind Equb Payouts

Seqela, a digital peer-to-peer saving platform, has launched its service in Tigray. Founded by Samrawit Gebre-Egziabher, Seqela’s equb platform introduces

FinTech News

New Guarantee Helps Coop Unlock Billions in Collateral-Free Loans for MSMEs

After securing a half-billion-birr (10 million dollars) portfolio guarantee from FMO, the Dutch Entrepreneurial Development Bank, the Cooperative Bank of

Featured FinTech

List of FinTech Startups in Ethiopia

This is an excerpt from the 2023 Startup Ecosystem Report, a collaboration between Shega, JICA, and MInT, that offers a

FinTech News

My Ekub Expands Service to Include Public Equbs

Sevenfold Trading, one of the local startups digitizing traditional peer-to-peer saving groups with its app My Ekub, is expanding its

Dire MFI
FinTech News

New App Dire MFI Brings Non-Collateral Loans to Eastern Ethiopia

Mobile money service provider Kacha Digital Financial Services and Dire Microfinance Institution have partnered to launch a digital savings and lending platform. Launched last

AKOFADA Deep Dive FinTech

Hidden Transaction Fees Hamper Ethiopia’s Digital Financial Progress

Confused by hidden fees in your digital transactions? You’re not alone! Digital financial services are booming in Ethiopia, but many

FinTech News

Chapa Secures Spot in Visa’s Africa Fintech Accelerator Program

Fintech startup Chapa has been selected for the second cohort of Visa’s Africa Fintech Accelerator program.  Chapa, which is among

FinTech Must Read News

Mastercard Foundation, Kifiya Partner on $100 Million Initiative to Unlock Finance for MSMEs in Ethiopia

The Mastercard Foundation, in partnership with Kifiya Financial Technology, launches a $100 million program that aims to make uncollateralized digital