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Global payments giant, Stripe, has taken a major leap into the world of digital finance by launching stablecoin-based accounts for users in over 100 countries – including Angola, Liberia, Tanzania, Uganda, and Botswana.
Announced on May 7 2025, the new feature allows users to send, receive, and

World Mobile, a telecommunications company utilizing blockchain technology, is set to employ a tethered aerostat – a lighter-than-air balloon to provide internet and mobile services in Mozambique.
This pilot project is being executed in collaboration with Vodacom Mozambique providing spectrum and r

Kenyan investment app, Hisa, has been acquired by Risevest, a similar but more established venture in Nigeria.

“Excited to share that Hisa has been acquired by Risevest,” announced Hisa Co-Founder Eric Asuma on Twitter.
“Eke Urum [Risevest CEO] and I share a vision of expanding investment

An investment group led by Paystack has acquired the struggling Nigerian fintech company, Brass, for an undisclosed amount, the two companies announced.
Other participants in the acquisition include:
PiggyVest
Ventures Platform
P1 Ventures, and
Angel investor, Olumide Soyombo
According to a s

The Nigerian federal government, through the Federal Competition and Consumer Protection Commission (FCCPC), has registered and approved 211 loan apps at the end of October 2023.
According to the regulator, despite the recent registration exercise that involved over 180 digital lenders, some of the

A staggering 97% of memecoins have died, underscoring the precarious nature of these investments according to a new report.
The report, which analyzed 30,000 memecoin projects across Solana, Ethereum, and Base determined that the average lifespan of a memecoin is just

Kenyan fintech, Kwara, is looking to scale even further in 2023 following a new $3 million seed extension.
The startup reportedly doubled its number of clients in 2022 and has even more opportunity for expansion after signing an exclusive digital solutions distribution agreement with the Kenya

Pan African payment solutions company, Chipper Cash, says it is closing on a deal to acquire Zoona, an agent-based financial services company operating in Zambia.
The acquisition, subject to deal closure and relevant approvals, is part of Chipper’s drive to expand across the continent while also

Power, a financial technology company based in Kenya, has secured a $3 million seed funding round led by DOB Equity, with participation from Bolt by QED Investors, Quona Capital, Zephyr Acorn, and Norrsken Accelerator.
Power plans to use the funding to expand into other countries across Africa,

South Africa-based fintech, TymeBank, has grown its customer base by 7%, increasing from 10 million to 10.7 million, according to an interim financial report for the six months ending December 31 2024.
Tyme Bank, which became Africa’s 9th unicorn following a $250 million Series D funding round in D

Nigerian fintech, Waza, has secured $8 million in equity and debt funding and says it is coming out of stealth mode.
The round includes $3 million in equity from:
Y Combinator
Byld Ventures
Norrsken Africa
Heirloom VC
Plug and Play Tech Center, and
Olive Tree Capital
The funding will help s

AgriDex, a South African Solana-based marketplace for real-world assets (RWA), has secured $9 million in a funding round led by:
Sycamore Gap
with participation from:
Endeavour Ventures
Hawkwood Capital
FS Ventures
HU Investments
and angel investors affiliated with:
Citadel
Goldman

South Africa, Kenya, Nigeria, and Egypt attract the bulk of investment funds coming into tech on the continent, a new report shows.
In the report, the ‘Big 4’ countries shared 92.1% of the >$2 billion as foreign VCs and investors cashed in on the growth of the African tech sector in 2021. The

Egyptian social commerce startup, Taager, has secured $6.75 million in a pre-Series B funding round to further expand within the MENA region and enhance its technical capabilities.
The over-subscribed round was led by Africa-focused tech growth fund:
Norrsken22
with participation from:

Ivorian fintech, Daba Finance, was crowned grand winner of the 2024 Ecobank Fintech Challenge Winner, taking home $50,000, Ecobank said.

“Winning this challenge propels our mission to make investing and wealth building opportunities available for all. With Ecobank as our partner, we are