Robert Ryan

🚀 Regfyl Raises $1.1M to Tackle Africa's AML Compliance and Fraud Prevention Crisis! We're excited to announce that Regfyl has raised $1.1M in pre-seed funding to help African financial institutions navigate the complex and evolving AML landscape. Backed by incredible investors like Techstars, Rally Cap VC, DCG Expeditions, Africa Fintech Collective , Musha Ventures, and strategic angel investors, we're ready to scale our impact. With 60% of the countries on the FATF grey list in Africa, and over 90% of Nigerian financial institutions struggling with compliance, the need for a solution built specifically for African markets is urgent. Our platform simplifies the process by providing the operating system for compliance teams - a one stop toolkit for all compliance needs. 💡 As co-founder and our CEO Dr Tunde Ibidapo-Obe puts it: “We're building the operating system for Trust in Africa.” Big things ahead! #Regfyl #Fintech #Compliance #Funding #Africa #AML #FinancialInclusion #AI #FraudPrevention https://lnkd.in/gmi7DS_d

25

3 Comments

How real estate tokenization works!

3

In 2023, Africa's global blockchain deal share modestly increased from 1.2% to 1.3%. As we moved into 2024, this momentum picked up significantly, with the first half of the year seeing a surge to an all-time high of 1.8%. Interestingly, while Africa's global blockchain deal share grew, its venture funding share decreased from 1.6% to 0.6% during the same period. This can be attributed to the high number of early-stage investments happening across the continent. The majority of deals over the past 18 months were pre-seed, seed, and early-stage VC deals. At CV VC, we are proud to support Africa’s vibrant blockchain ecosystem, with over 14 African blockchain startups currently in our investment portfolio. We believe in the transformative power of blockchain technology and are dedicated to fostering an environment that nurtures innovation and drives growth across the continent. The new #AfricanBlockchainReport, published in collaboration with Absa Corporate and Investment Banking, highlights the impressive growth of Africa's share in global blockchain deals. Read the full African Blockchain Report: www.cvvc.com/africanreport Invest alongside CV VC: www.cvvc.com/investors

23

1 Comment

Themes which will be explored during the policy workshop on Digital Finance in Africa. Thursday, 20 June 2024 -The limits of DeFi for financial inclusion -Regulatory approaches to Artificial Intelligence in Finance -Presentation by the OECD: FinTech lending in Africa -Panel discussion: FinTech lending in Africa Friday, 21 June 2024 -OECD presentation: Open Finance in Africa -Panel discussion: Open Banking, Open Finance and other data sharing in Africa -Privacy considerations in Open Banking and Open Finance -Regulatory Sandboxes and other innovation facilitators: lessons from Europe -Panel discussion on Regulatory Sandboxes: the experience of Africa It is mandatory to attend the policy workshop fully virtually or fully physically on both days, to be eligible for an e-Certificate Participants will be entitled upto 9 CPD units from the ACCA & upto 6 PL credits from the CFASM Register on: https://lnkd.in/de78NgxP

23

🚀 South Africa: Leading the Charge in Fintech Innovation 🚀​ ​ South Africa’s fintech sector is booming, attracting significant investment and establishing itself as a leader in African financial innovation. According to Antonia Bothner, Capital Markets Lead at Endeavor SA, the shift away from cash transactions across Africa presents substantial opportunities for fintech solutions.​ ​ Stable Investment Climate: Despite global challenges, venture capital investment in South Africa remains stable, with payment solutions driving fintech innovation and attracting considerable venture capital across the continent.​ ​ Young, Tech-Savvy Population: Africa’s youthful and tech-savvy demographic creates fertile ground for tech development. South Africa, with its mix of first and third-world characteristics, strong tech ecosystem, and B2B network, stands out as a hub for innovation.​ ​ Notable Investments: Significant fundraises in 2023, including SME Fund’s Venture Capital Fund of Funds, Partech Africa II, and investments in companies like Stitch and Peach Payments, highlight investor confidence in South Africa’s fintech sector.​ ​ Appealing Market Conditions: South Africa’s stability, lower volatility, and promising investment opportunities make it an attractive destination for investors seeking balanced risk and return.​ ​ Growing Ecosystem: The fintech ecosystem is evolving, with companies like Yoco attracting foreign capital and expanding into financial infrastructure, lending services, and banking-as-a-service.​ ​ Support for Innovation: Investment firms like Allan Gray, through 3CapitalVentures, support fintech companies such as Peach Payments and Onafriq, fostering a unique ecosystem where startups can thrive and scale.​ ​ South Africa’s fintech sector is not just about financial services; it's about creating new industries and opportunities for growth. Join us in watching this exciting journey unfold!​ ​ Read More of this insightful Article : https://bit.ly/3LFGdTZ Adrian Dommisse Dommisse Attorneys Inc Arnold Sigauque Alison Collier Endeavor Matsi Modise SiMODiSA Association Zimkhitha Peter Christophe Viarnaud AfricArena Cleola Kunene JSE Caitlin Nash GIIG Africa The Loudhailer Raadhika Sihin Buntu Majaja SA Innovation Summit Sanjay Soni CA(SA) Jozi Angels SAFEERA MAYET Aalia Manie Michel Weiss Darkies in Tech

1

🧐What's the Future of Fintech in Africa? ✨🌍 Sheila Valverde Bartens, JUMO's Strategic Partnerships Lead, shares insights from a recent panel discussion hosted by Invest Africa Ltd. She discussed how JUMO collaborates with banks, telcos, and regulators to bring mobile banking to the unbanked across the continent. 📱💡 🔥Learn about the rapid evolution of fintech in Africa, the challenges of cash economies, and the central role of technology and partnerships in driving financial inclusion. 💡Don't miss perspectives from industry leaders like Christoff Pienaar of Webber Wentzel, Kitso Lemo of Boston Consulting Group (BCG), and Abu Baker Mehtar of the LSEG (London Stock Exchange Group). 🤝 Find out more about how we are managing regulatory complexities, ensuring compliance, and building public-private partnerships to shape the future of financial services in Africa. 🚀📊 https://bit.ly/3A1OyhU #Fintech #Africa #MobileBanking #Partnerships

21

Insights from our Principal Consultant, Vutlhari Rikhotso, reveal valuable lessons the UK can learn from the resilient and cost-effective South African fintech market. 🇿🇦 Both the UK and South Africa’s fintech industries share similarities in growth and adoption, but the lessons from South Africa’s focus on value and resilience. With one of the highest fintech adoption rates globally, South Africa prioritises cost-effectiveness and supporting small businesses, offering a unique approach that’s adaptable for other markets.📈 At Daemon, we’re proud of our close ties to this dynamic market and excited to share these insights. Find out more here: https://lnkd.in/da_XUfkR #Fintech #Technology #Innovation #UK #SouthAfrica #Daemon

21