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Africa-focused fintech, Kyshi launches platform for cross-border online businesses

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Africa-focused fintech startup, Kyshi has announced the launch of a cross-border platform aimed at assisting businesses and merchants in online transactions across multiple countries around the world.

Known as “Kyshi for Business,” the beta version of the product will work across different countries, including the United Kingdom, the United States, Canada, China, Nigeria, Ghana, Kenya, South Africa, and Senegal.

According to the CEO and co-founder of the UK-based fintech, Ayo Akindele, the new platform will “help African businesses deal with issues like compliance standards and foreign exchange management when they do business across borders.”

“It lets you watch transactions in real-time, create virtual accounts, and process payments in over 100 countries,” he said.

Kyshi for business platform is a one-stop shop for businesses that want to do business across borders.

“It also gives African online merchants a new way to reach more customers. The company wants to be seen as a reliable cross-border business partner, and companies are welcome to join the platform’s beta version.

“Accounting integrations are also available for “Kyshi for Business”, which makes it easy for businesses to keep track of their activities.

“Kyshi also has a mobile app marketplace called Kyshi Connect. This lets millions of Africans in the UK, US, EU, and Canada pay online retailers from Africa.

“As further incentives, Kyshi gives 2% to 3% cash back on all orders made through Kyshi Connect. This includes airtime, data plans, health plans, auto/device insurance, utility bills, movie/event tickets, shipping, and other services,” Akindele added.

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SA internet service provider Kaya Konekta launches data access for underserved communities

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South Africa’s leading Internet Service Provider (ISP), Kaya Konekta (KaKo), has launched new operations aimed at reaching underserved communities in the country.

The new service which the company says will revolutionise connectivity in the catchment areas comes with affordable and accessible internet services.

Founder and CEO of KaKo, Kagisho Dichabe, who praised the efforts of his team in a statement on Friday, said “KaKo aims to bridge the connectivity gap by providing reliable and affordable data, with a host of mobile and home broadband packages at below market rates.”

“For financial inclusion to be a reality, we need to connect the unconnected, and “Data Must Fall,” he said.

“We are dedicated to providing affordable, reliable internet services to underserved communities, empowering individuals and businesses for a better future.

“Data has become too expensive for people in our communities, especially in our townships,” Dichabe said.

He added that KaKo also aims to empower youth with accessible, high-speed internet, enabling them to access educational materials and online courses conveniently.

“This connectivity offers opportunities for knowledge expansion, higher education pursuits, and skill development,” he emphasized.

The startup’s CEO Thabiso Malekele, also noted that the company views the “internet as an essential tool, not a privilege, for unlocking potential, fostering learning, and connecting communities.”

“This belief fuels our passion to change and improve the lives of underserved and unconnected individuals.

“Our nation’s history compels us to actively champion this cause. While we strive to expand our reach like any ISP by deploying various technologies including fibre, LTE and 5G to different customers, we prioritise addressing the critical gaps in connectivity that leave many behind.

“At Kaya Konekta, we’re passionate about both customer service and the community.”

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Nigeria’s MAX partners Ghana’s Kofa in e-bike financing deal

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Nigeria’s electric vehicle solutions provider, MAX, has announced striking a partnership deal with Ghana’s innovator in energy networks, Kofa, that will see MAX offering financing options for over 2,000 revolutionary TailG Jidi bikes.

The bikes which are developed by Kofa in conjunction with TailG, a Chinese manufacturer, were launched in October last year and has been a big hit in the West African country.

A statement by MAX on Thursday, stated that the partnership marks a significant milestone in making green transportation more accessible in Africa.

“Max’s financing options for the motorbikes will enable more individuals and businesses to adopt eco-friendly transportation, aligning with both companies’ vision of a sustainable future,” it said.

“This collaboration between MAX and Kofa is a step towards a greener, more sustainable Africa.

“This partnership is poised to accelerate the transition to green energy and sustainable transportation in Africa,” the company said.

“The coming together of the two democratises access to vehicle ownership and electric mobility across Africa through a tech-driven platform that offers a spectrum of services, including subscription-based vehicle financing,cutting-edge electric vehicle options, and comprehensive support services.

“Kofa, meanwhile, is focused on creating affordable, sustainable, and customer-driven electricity networks, starting with electric motorcycles.

“The startup partnered TailG Group, a leading electric vehicle brand from China, to launch the Jidi electric motorcycle last October, and subsequently announced the planned launch of its second-generation Kore 2 Swap & Go network,” it added.

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