Ethiopian Currency Regime Overhaul Opens New Frontiers for Fintechs Amid Market Uncertainty

Ethiopia underwent a seismic financial transformation over the past week, floating the Birr after nearly five decades of captivity. The

Wegagen Bank Launches Digital Lending Platform in Partnership with Kifiya

Wegagen Bank, in partnership with Kifiya Financial Technology, has launched a new digital loan service, ‘Efoyta.’ Powered by Kifiya’s Qena,

Two Ethiopian Startups Reimagining Traditional Institutions Make the Cut in Timbuktoo’s Fintech Accelerator

eQub, a fintech startup aiming to digitize equb (peer-to-peer saving groups), and HuluCares, a startup focused on providing community-based Idir

Seqela Launches Digital Equb Platform in Tigray, Introduces In-Kind Equb Payouts

Seqela, a digital peer-to-peer saving platform, has launched its service in Tigray. Founded by Samrawit Gebre-Egziabher, Seqela’s equb platform introduces

New Guarantee Helps Coop Unlock Billions in Collateral-Free Loans for MSMEs

After securing a half-billion-birr (10 million dollars) portfolio guarantee from FMO, the Dutch Entrepreneurial Development Bank, the Cooperative Bank of

List of FinTech Startups in Ethiopia

This is an excerpt from the 2023 Startup Ecosystem Report, a collaboration between Shega, JICA, and MInT, that offers a

My Ekub Expands Service to Include Public Equbs

Sevenfold Trading, one of the local startups digitizing traditional peer-to-peer saving groups with its app My Ekub, is expanding its

New App Dire MFI Brings Non-Collateral Loans to Eastern Ethiopia

Mobile money service provider Kacha Digital Financial Services and Dire Microfinance Institution have partnered to launch a digital savings and lending platform. Launched last