• Contact
Wednesday, May 14, 2025
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    China remains Africa’s largest bilateral trading partner, accounting for 20% of the region’s exports and 16% of its imports.

    African nations may face pressure as China warns against U.S.-aligned trade deals

    afb

    The African Development Bank Group (AfDB) is rolling out Special Agro-Industrial Processing Zones (SAPZs) across Africa

    ua

    Trump cuts see main African health agency turn to local funding

    Trending Tags

  • Business
    de beers

    De Beers to shut down lab-grown diamond brand Lightbox

    cannabis

    South Africa to revise cannabis food laws amid public backlash

    BFA

    BPI expects to earn over €95 million from partial sale of BFA in July

    Alcides Andrade, anpg

    ANPG has already awarded over 40 new concessions in various oil blocks

    nvidia

    Africa’s first AI factory, backed by Zimbabwean billionaire and Nvidia, to cost $720 million

    elon musk

    South African minister accused of trying to ease ownership law for Elon Musk’s Starlink

    copper

    Copper prices surge as Trump signals 25% tariff on imports

    bmw

    BMW SA reintroduces third shift, says there is growing local interest in PHEV model

    zim

    Zimbabwe seeks $950m in new bid to kick-start mining firm

  • Finance
    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    China remains Africa’s largest bilateral trading partner, accounting for 20% of the region’s exports and 16% of its imports.

    African nations may face pressure as China warns against U.S.-aligned trade deals

    afb

    The African Development Bank Group (AfDB) is rolling out Special Agro-Industrial Processing Zones (SAPZs) across Africa

    ua

    Trump cuts see main African health agency turn to local funding

    Trending Tags

  • Business
    de beers

    De Beers to shut down lab-grown diamond brand Lightbox

    cannabis

    South Africa to revise cannabis food laws amid public backlash

    BFA

    BPI expects to earn over €95 million from partial sale of BFA in July

    Alcides Andrade, anpg

    ANPG has already awarded over 40 new concessions in various oil blocks

    nvidia

    Africa’s first AI factory, backed by Zimbabwean billionaire and Nvidia, to cost $720 million

    elon musk

    South African minister accused of trying to ease ownership law for Elon Musk’s Starlink

    copper

    Copper prices surge as Trump signals 25% tariff on imports

    bmw

    BMW SA reintroduces third shift, says there is growing local interest in PHEV model

    zim

    Zimbabwe seeks $950m in new bid to kick-start mining firm

  • Finance
    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Finance

Fintech startup MooveBeta merges with blockchain company ImpalaPay to provide a connected economy for Africa

TAB by TAB
20/05/2022
in Finance
0
Fintech startup MooveBeta merges with blockchain company ImpalaPay to provide a connected economy for Africa
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Fintech startup MooveBeta merges with blockchain company ImpalaPay to provide a connected economy for Africa 

Adanian Labs Africa incubated fintech startup MooveBeta has announced its merger with ImpalaPay, a fintech blockchain company with operations across 42 African countries and 134 worldwide.

Related posts

Armando Jorge Mota

Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

05/08/2024
5
Nigeria asks banks to save forex gains amid currency risks

Nigeria asks banks to save forex gains amid currency risks

16/09/2023
6

The merger will provide a payment platform that will enable the Pan African and Diaspora communities to transact via e-commerce, social commerce, peer to peer and enterprise using multiple interoperable platforms including mobile money, cards, bank accounts and/or crypto wallets powering over 500 million people.

MooveBeta, an e-commerce and fintech startup that helps users move value simply and easily using a voucher system has been incubated at Adanian Labs for 6 months with a mission to empower consumers with the ability to send micro transactions via mobile money from anywhere on the globe to Africa and intra-Africa.

ImpalaPay with more than 10 years in operation is a strong B2B payment company responsible for building the first P2P mobile money multi-currency cross border platform with Bharti Airtel in 2014.

ImpalaPay has been operating B2B payments on behalf of Airtel and IMT partners across 17 countries in Africa, including an interoperability between Airtel and MTN in Burkina Faso and the Ivory Coast. ImpalaPay has also executed an interoperability between Airtel with Mpesa, UBA and Africash powering more than 200 million wallets and with over USD 1.8B transactions between 2018 and 2021.

With MSME traders supporting 69% of the African population, the partnership between the two fintech solutions will set MooveBeta on a growth path to deliver differentiated payment solutions for micro transactions in the region and beyond with a first phase roll-out pegged on 17 African countries.

Peris Wanjiru, co-founder and CEO of MooveBeta said “We are very optimistic to becoming a strong fintech contender in the new financial world in Africa, given that we are blockchain focused in our offering to support the continent’s growing payment demands in a currently fragmented ecosystem. We are building with the future in mind, understanding the evolution and transformative nature of the digitalization movement taking place in the continent.”

Africa has the world’s fastest-growing population, and the UN anticipates at least half of the global population growth between now and 2050 will come from the continent. 15% of the sub-Saharan African population is middle class. However, that proportion is steadily increasing in Africa, which is one of the positive indicators for growth. This growth coupled with urbanization has been followed by increased productivity and economic development.

Mr. John Mbindyo, the founder and CEO of ImpalaPay said “In the last 10 years of our operations we have seen many accomplishments by African startups in the fintech space. Even though the continent’s youthful, entrepreneurial, and digitally savvy population embraces mobile usage, unfortunately there still is a large unbanked and underbanked population. On the flip side, however, these challenges have provided the perfect opportunities for companies like ours to be innovative and disruptive. Across the continent, this particular sector of the population (banked and unbanked) who have historically been left out by conventional institutions, are now looking to alternative innovations for their financial solutions. And this is what we are here to address through this merger with MooveBeta.”

According to multiple research the payment and remittance space accounts for one of the most sought-after segments with a 30% growth in startup companies in the last 4 years. “As fintech innovators we aim to spur financial inclusion by solving some of the difficulties experienced by businesses and individuals alike —such as money transfers, savings and investment, payment and access to credit. Through this partnership we will be contributing immensely to the transformation of Africa’s financial trajectory’ further stated Mbindyo.

Since it’s inception in March 2020, Adanian labs has provided a launchpad for 40+ startups in 5 countries where it has a presence, creating unmatched opportunities in the African tech startup space.  Of the first cohort of 14 startups incubated by Adanian Labs, five have raised $ 7X seed funding, including the lab itself, which highlights Adanian’s ‘Camel Theory’, as it strives to become the leading borderless Africa tech venture studio. The new cohort of 26 startups started in March 2022 in Kenya, Tanzania, Zambia, Nigeria and South Africa.

“Adanian Labs is creating unprecedented opportunities for tech startups on the continent.  From access to funding and investors, training and mentorship, to go to market strategies and launch pads with key infrastructure we have been able to offer the startups under the Adanian Lab’s umbrella opportunities that would be almost impossible to access otherwise. This merger between our startup MooveBeta and industry B2B Fintech leader ImpalaPay to build a connected financial ecosystem across Africa and the diaspora is a gamechanger in the new financial world.” Said John Kamara, Adanian Labs co-Founder and CEO.

With this kind of targeted de-risked support, hand holding and guidance from the lab to African startups and young tech-preneurs, the merger of ImpalaPay and MooveBeta promises to be just one in a long line of incredible African startup merger and acquisition stories.

Fintech startup MooveBeta merges with blockchain company ImpalaPay to provide a connected economy for Africa

Source: African Business Communities
Previous Post

D R Congo deported former Mossad chief on suspicion of planning coup

Next Post

IFC, Acelera Angola partner to boost startup ecosystem in Angola

Next Post
IFC, Acelera Angola partner to boost startup ecosystem in Angola

IFC, Acelera Angola partner to boost startup ecosystem in Angola

RECOMMENDED NEWS

Manuel Chang

Mozambique: Former finance minister stands trial in New York Monday

10 months ago
8
binance

Binance crosses 200 million registered users worldwide

11 months ago
1
Meet the woman crossing Africa on an e-Motorcycle

Meet the woman crossing Africa on an e-Motorcycle

2 years ago
1
LeBron James suspended by the NBA for the first time in his 19-year career

LeBron James suspended by the NBA for the first time in his 19-year career

3 years ago
2

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business - News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • De Beers to shut down lab-grown diamond brand Lightbox
  • South Africa to revise cannabis food laws amid public backlash
  • BPI expects to earn over €95 million from partial sale of BFA in July

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business