This Mastercard-backed startup says it will be AfCFTA’s implementation engine
Brydge was founded in late 2023 to address trade challenges faced by SMBs in Africa. The startup has processed ₦4.8 billion ($3.1 million) in transactions and disbursed ₦100 million ($61,000) in trade financing.
American Airlines and Mastercard Renew Travel Tech Partnership
American Airlines and Mastercard announced an extension of their partnership. Mastercard will remain the exclusive payment network partner for American's co-branded credit cards.
Clowd9 Drives Fintech Growth from Lagos to London
Clowd9 announced a 90% reduction in card service infrastructure costs to empower African fintech startups. Vaghjiani emphasized the need for scalable, cloud-native payment solutions to bypass legacy systems.
Stitch buys Efficacy to take full control of card payments in South Africa
Stitch acquired Efficacy Payments, enhancing its card processing capabilities. The acquisition allows Stitch to act as a gateway, switch, and acquirer for card payments.
Abdulhamid Hassan won’t stop building until Mono becomes a fintech backbone
Venture capital funding for African startups has significantly declined as of September 2024. Abdulhamid Hassan's startup Mono powers financial experiences for major companies like Mastercard and Flutterwave.
