Sunday, October 19

Tag: East Africa

Roqqu acquires Kenya’s Flitaa as Nigerian startups eye East Africa
Technology

Roqqu acquires Kenya’s Flitaa as Nigerian startups eye East Africa

Nigerian cryptocurrency exchange Roqqu has announced its acquisition of Flitaa, a Kenya-based crypto startup, as part of its expansion into East Africa. Per TechCabal, the acquisition gives Roqqu immediate entry into Kenya’s fintech market and marks the company’s first footprint in the region. Flitaa, founded in 2019, operates in Kenya, Ghana, Uganda, and Tanzania. The company allows users to buy and sell cryptocurrencies and has built a customer base through its simplified crypto transaction services. While the value of the acquisition remains undisclosed, Roqqu stated that Flitaa’s operations will be integrated into its platform. Roqqu has been operating since 2019 without raising external capital, and the acquisition aligns with its vision to become a pan-Af...
I&M Bank Partners with ThetaRay to Deploy Full Cognitive AI Financial Crime Compliance Platform Across East Africa
Technology

I&M Bank Partners with ThetaRay to Deploy Full Cognitive AI Financial Crime Compliance Platform Across East Africa

ThetaRay , a global leader in Cognitive AI financial crime compliance, today announced a landmark partnership with I&M Group PLC, a leading Regional Financial Services Group in Africa. The partnership will see the deployment of ThetaRay’s advanced AML (Anti-Money Laundering) platform across I&M Group’s operations in Kenya, Tanzania, Rwanda, Uganda, and Mauritius. This implementation spans the entire compliance lifecycle, from onboarding and sanctions screening to dynamic customer risk assessment, transaction monitoring, alerting, investigations, and regulatory reporting. Consolidating multiple processes into a single unified system will allow I&M Group to move beyond fragmented and manual compliance operations, to a centralized, AI-powered framework capable of scaling acros...
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