FinTech news in anthemis category

Cameroon’s Ejara raises $2M to offer crypto and investment services in Francophone Africa Chateau-Diop – who noted that Ejara has seen revenue growth 10x and achieved a 15% month-on-month transaction volume growth since last October despite crypto’s meltdown – expects users on the platform to reach 100,000 by the end of the year. By providing users in Francophone Africa with an option to buy, sell, exchange and store their crypto investments, CEO Nelly Chatue-Diop and her co-founder Baptiste Andrieux saw an opportunity to increase crypto activity in the region. With this product, the Cameroonian fintech asserts that users do not need to set up a bank account to access savings products but can instead start that journey with Ejara by downloading its app and depositing a minimum of 1,000 CFA franc (~$1.5). Ejara, a Cameroonian fintech offering an investment app that allows users to buy crypto and save through decentralized wallets, has raised $8 million in Series A investment.

To that end, Denim provides financial products, operations tools and automated workflows for freight brokers — the middlemen between shippers and carriers. CEO and co-founder Bharath Krishnamoorthy tells journalist that the new cash, a combination of equity ($26 million) and debt ($100 million), will be put toward scaling the business and providing Denim customers with working capital. Why Convoy’s Dan Lewis expects digital freight to go mainstream within the year Denim competes with other fintech firms in the space, including TriumphPay, HaulPay and OTR Capital. But he did volunteer that Denim has connected more than 7,000 freight brokers, shippers and carriers since its launch three years ago.

Power’s first product is the credit card issuance program, which is designed for companies, brands and banks to offer embeddable fintech experiences, like customized credit card programs, targeted promotions and personalized rewards, into existing mobile and web applications. Power, a fintech infrastructure startup, is now kicking off its full-stack credit card issuance platform after a year in stealth mode and with $16.1 million in seed funding and $300 million in a credit facility.

Eventually, Kasheesh plans to develop its technology so users can use the same card across multiple transactions rather than having to generate a new single-use card each time, Miller said.

Lalji said that Ivella will focus on products to support couples at any stage of their relationship, including joint accounts, credit products and joint investment products, long-term.