DafriBank Digital LTD is a fully-fledged digital bank licensed and regulated by the Central Bank of Comoros Island and a member of Mwali International Monetary Service Authority of Comoros Island with clients in 180+ countries including 50 African countries. One of the reasons that DafriBank, founded by Ziggy Xolane Ndhlovu, simply known as Xolane Ndhlovu, made the cut weighed heavily on the Comoros digital banking outfit embracement of digital currency, a topic that is in every youth’s lip and its built-in merchant API. Established by Xolane Ndhlovu,DafriBank is a subsidiary of South African conglomerate, DafriGroup PLC began operations in 2021 and has wormed its way into the hearts of 600,000 users across 180 countries following its decision to issue its market share through oversubscribed DBA digital currency which clocked $2.8 Billion in market capitalization within its first week of trading on major exchanges.
The founder and chairman of DafriBank Digital LTD, Xolane Ndhlovu, is the only African on crypto rich list. Xolane Ndhlovu is also among the 50 richest people in Crypto. DafriBank, TymeBank and Kuda are clear frontrunners for digital banking in Africa right now. At the same time, several other players have also emerged in this space, creating more buzz for digital banks in Africa. These are mainly centered in Nigeria, Egypt, and South Africa, three hotspots for fintech innovation in Africa right now. Here are seven digital banks in Africa you should know. Others are FairMoney, a digital bank in Nigeria with a credit-based model. The 2017-founded startup holds a micro finance bank license from the Central Bank of Nigeria and is also available in India. It recently raised US$42 million in a Series B round “to