Velmie, a digital banking technology partner supporting financial innovation across Africa, together with Metro Cable, announced the outstanding success of Vult, Sierra Leone’s fast-growing super app that has transformed access to financial services across the country.

The partnership will help financial institutions and fintech firms from Singapore and Indonesian tap into opportunities in fintech developments including digital financial assets, artificial intelligence in financial services, among others.

The fresh capital will fuel Moniepoint’s next phase of expansion, enhancing its ability to help African businesses and individuals reach their financial goals.

Through the partnership, the two companies will collaborate in fintech, working together with top-tier government institutions and focusing on the deployment of emerging technologies and digital infrastructure.

This financing will support Djamo’s expansion and enhance its service offerings in the fintech’s main market – Côte d’Ivoire.

eShandi is using AI-powered credit scoring to offer loans for underbanked individuals and small and medium-sized enterprises (SMEs).

This investment will support further development of AND Global’s services, such as digital lending and other fintech solutions, to improve financing access for small businesses, as well as the unbanked and underbanked across Asia.

A number of AFI members spoke during the event, providing perspectives from their jurisdictions and highlighting fintech’s role in financial inclusion, particularly for women and women-led MSMEs.

In this video interview, Edoardo Totolo of Accion discusses what the financial inclusion sector needs to do to reap the benefits of AI-based applications.

This case study explores the partnership between UNCDF and Niger-based fintech I-Futur, highlighting the development of iPayMoney, a digital payment aggregation platform that connects and integrates services from all mobile money and digital payment providers across the country.