Hi, welcome to Tech This Evening, an After-Work Tech Newsletter from Techparley Africa. Sure, there is a lot to unpack right now. Sit back, while I walk you through.
Top Story: Why Crowdcube by QuickRemit Could Open the Door for UK Investors to Own a Stake in Africa’s Fintech Market
QuickRemit, a UK-based financial technology company simplifying cross-border payments to Africa, has launched a three-week crowdfunding campaign on Crowdcube.
The move gives British retail investors a rare chance to own a stake in Africa’s fast-expanding financial technology sector, a market forecast to exceed $700 billion in the coming decade.
“Cross-border payments to Africa have been slow and costly. Customers were paying more than they should for remittance,” Wellington Agharese, Director and Founder of QuickRemit said.
“QuickRemit is solving this global challenge with infrastructure that is faster, with zero fees, and more transparent for consumers, businesses, and fintechs.”
Other Tech News Stories You Should Read:
Market Expansion: South Africa’s Float Raises $2.6 Million to Boost Card-Linked Instalment Platform. Read now.
How Olufemi Ayandokun is Designing Inclusive Tech That Works for Everyone in Nigeria. Read now.
How to Buy and Ship iPhone 17 to Nigeria: A Complete Guide. Read now.
On Startup Spotlight:
Kredete Raises $22M to Launch Africa’s First Stablecoin-Backed Credit Card – Here’s Why It Matters
Kredete, a Nigerian fintech startup, has raised $22 million in Series A funding to launch Africa’s first stablecoin-backed credit card and expand its credit-building infrastructure across multiple markets.
The team says the raise marks a major milestone in the company’s mission to help African immigrants access fair credit and global financial services.
Founded in 2023 by Adeola Adedewe, Kredete was built on a simple premise: millions of Africans abroad send billions in remittances every year, yet these financial commitments rarely translate into a positive credit history.
“Our vision is simple: if you support your family financially, that should count toward your creditworthiness,” said Adedewe, Kredete’s founder and CEO. “This raise is about scaling that infrastructure globally and making sure that millions of Africans abroad are finally seen, scored, and served.”
Quadri Adejumo brings you all the details. Read here.
Also Read:
AI in Africa: How Yamify’s Launches to Put African Developers at the Heart of the AI Boom. Yakub Abdulrasheed brings us the details, here.
Quote of the Day:
“Any sufficiently advanced technology is equivalent to magic.” – Arthur C. Clarke.
Thank you for joining me yet again this evening. Stay safe, and see you tomorrow for the next tech newsletter.
Best, Quadri
