London-based digital bank Revolut has applied for a full banking licence in South Africa, setting up potential competition with local digital lenders TymeBank, Discovery Bank and Bank Zero. If approved, it would mark Revolut’s first formal entry into Africa. Founded in 2015, Revolut is one of the world’s largest digital banks, with over 65 million customers. Its services extend beyond basic banking to include multi-currency accounts, fee-free currency exchange, stock and commodity trading, cryptocurrency, corporate banking, and insurance. Revolut would be entering a market where three digital-only banks are already active. TymeBank has expanded rapidly, with more than 10 million […]
Yabx Technologies (“Yabx”) is a financial technology company that partners with banks and telecom operators to underwrite and service key customer segments across their networks. The company leverages its AI-driven platform to build scalable digital lending portfolios and offer products such as BNPL, personal loans, and MSME credit solutions. Yabx is active in Tanzania, Uganda, Malawi, Côte d’Ivoire, Ethiopia, Rwanda, Senegal, Democratic Republic of Congo, Egypt, Zambia, Jordan, & Colombia. Yabx continues to demonstrate that financial inclusion requires more than access to credit; it demands understanding. The company has unveiled the world’s first Generative AI-powered voice engine, designed to help […]
Nigerian mobility company MAX has launched West Africa’s first solar-powered electric vehicle battery swap station, a milestone for the continent’s clean mobility transition. Fully powered by an off-grid solar system, the station guarantees uninterrupted 24/7 battery swaps, tackling fuel dependence and unreliable grids while helping drivers cut downtime and costs. MAX has established itself as a leader in electric mobility through its Pay-As-You-Go subscription platform, which removes upfront costs and makes EV ownership affordable for commercial drivers. The company now operates across Nigeria, Ghana, and Cameroon and targets deploying 100,000 electric vehicles by 2027, supported by partnerships with OEMs, renewable […]
