Welcome to another Monday edition of the Big 5 Daily!
Your innovative dose is served!
Remember Sparkle from 2019? Well, thefintechinnovation of UzomaDozie, the last Group Director of the then Diamond Bank Nigeria, has officially launched. Sparkle has also been granted license by the Central Bank of Nigeria, enabling the digital bank to offer range offintech services to Nigerians across the globe.
Next,Harambe, an Entrepreneur organization has launched a $1 millionHarambeansProsperity Initiative. The fund is focused on African entrepreneurs, with aims to help them survive the economic downturn.
Did you hear? Eversend, a digital-onlyfintechplatform based in Uganda has secured $706,000 funding in a crowdfunding campaign. The startup will use the fund for product development, user acquisition, and regulatory compliance. It also plans to leverage the funding to foster expansion to Nigeria, Francophone Africa, and Europe.
Also,AptiveCapital, a US-based company has opened applications for African early stage startups. The platform aims to invest up to $10,000 in startups with social impacts that will benefit their communities across Nigeria, Ghana, Kenya, Egypt, South Africa and Ethiopia.
Finally,Sticitt, a cashless payment startup based in South Africa has secured $249,000 funding. Thefintechstartup will leverage the funding to bolster its operational cost in current market rollouts.
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