Stitch secures $55 million funding to enhance payment solutions across Africa - Innovation Village | Technology, Product Reviews, Business

AFD Invests Extra EUR 3 M Into ADFI To Boost Africa's Financial Inclusion

The Agence Française de Développement (AFD) has committed an additional EUR 3 M to the Africa Digital Financial Inclusion Facility (ADFI) in a move that signals France’s continued support for expanding access to digital financial services across Africa. This new contribution brings AFD’s total support for ADFI to over EUR 5 M. The funds aim to support innovative, technology-driven financial tools that can reach people typically excluded from tra…

Stitch secures $55 million funding to enhance payment solutions across Africa - Innovation Village | Technology, Product Reviews, Business

South African fintech company Stitch has successfully secured an additional $55 million in funding, aimed at enhancing its comprehensive payment solutions for businesses throughout Africa. This strategic investment is poised to strengthen Stitch’s position within the continent’s rapidly evolving payments ecosystem, reflecting the growing demand for innovative financial technologies. Among the contributors to this funding round is the African ven…

Agence française de développement commits additional €3 million to Africa Digital Financial Inclusion Facility to boost digital financial inclusion

The African Development Bank and AFD co-founded ADFI in 2019 with the Gates Foundation and the Ministry of Finance of the Government of Luxembourg PARIS, France, April 10, 2025/APO Group/ –The Agence française de développement (AFD) has committed an additional €3 million to the African Development Bank (www.AfDB.org) -managed Africa Digital Financial Inclusion Facility (ADFI) (https://apo-opa.co/4iXF6xK) to accelerate financial inclusion in Afr…