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Akowe, a blockchain startup located in Lagos, Nigeria, is one of only 2 blockchains startup participants from Africa in the TechCrunch Disrupt’s 2023 Startup Battlefield 200.
Akowe has created a blockchain-based platform designed for the issuance of verifiable academic records with the aim of

The Pan-African Payments and Settlement System (PAPSS) is set to introduce an African currency marketplace later in 2025, its CEO revealed in a recent interview.

Supported by 15 central banks and already connected with 150 commercial banks, PAPSS seeks to tackle persistent liquidity and currenc

Ghana-based fintech, ZeePay, has secured $18 million in senior secured debt funding, aimed at scaling its digital payment infrastructure and meeting the liquidity demands of real-time remittance flows – drawing parallels with how crypto protocols manage liquidity and settlement.
Founded in 2014, Ze

Egyptian fintech Qardy has raised a 7-figure USD pre-seed investment, becoming the first digital lending marketplace in Egypt and the MENA region for MSMEs. With over 1,000 clients, Qardy facilitates significant loan transactions and plans to expand in KSA and beyond.

TymeBank, a South African fintech, has expanded its customer base by 7%, reaching 10.7 million after a $250 million funding round valued at $1.5 billion. The bank's total deposits near R7 billion, and it plans to grow in Vietnam.

CV Labs has opened applications for Batch 07 of its Web3 startup accelerator, offering mentorship, funding, and a global network to support blockchain entrepreneurs. Applications close on July 19, 2024.

In a groundbreaking move poised to redefine Nigeria’s foreign exchange dynamics, President Bola Tinubu’s administration has unveiled the ‘Naira for Crude’ initiative.
This new policy allows local refineries to purchase crude oil using either the Naira or the U.S. dollar, a shift expected to ease th

Norrsken22, a Pan-African venture capital firm, has raised $205 million for its first fund to invest in growth-stage startups in fintech, edtech, and healthtech across Africa. They aim to support around 20 startups, addressing a funding gap in the continent's tech ecosystem.

Meta is launching NFT features on Instagram, allowing users to create, showcase, and sell digital collectibles directly on the platform. The initiative, currently in testing, aims to empower creators and enhance user engagement with NFTs.

Anton Bukov of 1inch discussed the cost advantages of decentralized finance (DeFi) over traditional banking, highlighting DeFi's potential to onboard users at no cost compared to high fees in traditional systems. He emphasized DeFi's role in including the unbanked and creating global liquidity.

The Central Bank of Kenya has mandated that only licensed digital credit providers can operate, with only 10 of 288 applicants receiving approval. New regulations address unethical practices, including harassment and data abuse, aimed at protecting borrowers.

Pezesha, a digital lending platform for MSMEs in Kenya, is now licensed to operate in Uganda after raising $11 million for expansion. It aims to impact MSMEs with affordable financial services and partnerships, leveraging its credit scoring API and DeFi liquidity from Cardano.

Ghanaian fintech Fido raised $10 million in Series B funding from MASSIF to expand its mobile lending services across Africa. This investment aims to address the SME finance gap, having already served over 650,000 customers with loans.