hela.money Selected as One of the 25 Startups for the AWS Africa Fintech Accelerator
Hela.Money, a leading Web3 financial technology (fintech) company, is pleased to announce its acceptance into the highly prestigious AWS Africa Fintech Accelerator program. This partnership marks a significant milestone for Hela Money and reinforces its commitment to revolutionizing the financial landscape in Africa. The AWS Africa Fintech Accelerator, a first-of-its-kind initiative in the region, is […]
Hela.Money: Breaking Boundaries, Bridging Economies – The New Face of Blockchain in Africa.
Interview with hela.money Co-Founder and CTO, Kebaya Mwamba Hela Money: We Want to Be the MPESA Of Blockchain In July 2022, Nairobi became an International Financial Centre. The centre that had been long coming since it was first mooted in 2008 as part of the Vision 2030 program could not have come at a more opportune moment. Presently, […]
Fingo Acquires 50,000 Waitlist of Customers in 24 Hours Following Launch of Digital-Only Bank
Fingo, a Kenyan fintech startup founded by Kiiru Muhoya, James da Costa, Ian Njuguna, and Gitari Tirima in 2021, is revolutionizing how African youth access financial services. The startup, backed by Y Combinator’s S21 cohort, recently raised $4 million in a seed funding round led by HOF Capital, with participation from other investors such as […]
Prediction: Which region will take the lead in the FinTech Revolution?
In Africa, there are now more mobile money accounts than bank accounts in 16 African markets. FinTech solutions in developing countries are making existing services more convenient, creating new infrastructure, and increasing financial inclusion for millions of people in the real economy.
The History and Definition of FinTech.
At its core, fintech is all about using technology to provide financial services in new and innovative ways. It can be considered as the underlying technology, an industry consisting of fintech companies, or a whole new way of providing financial services.
Digital lenders urged to increase credit access to the informal sector
“These lending institutions have helped in bridging the gap by offering credit services to small businesses who could not access credit because they lacked the credit score or banking history,”
How Fintechs’ Lobby Plans To Bring Back Sanity In Kenya’s Digital Lending Space
The establishment of the Digital Lenders Association of Kenya (DLAK), in June 2019, came at an opportune time, to help in the regulation of the digital lending sector. Over the last few years, mobile loans have become an alternative source of capital for Small Medium Enterprises (SMEs) as well as individuals, without the headache of […]
Outlook for digital lending safer with ethical measures
The existence of alternative lending dates back in time, and the digital lending industry is an offshoot of traditional credit sources that included friends, workmates and relatives. There are extra benefits to using digital services to access credit as they are not only instant and efficient, but they also increase the opportunities of accessing money for small and family business owners.