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PARTNERSHIP | Kenyan Web3 Startup, HoneyCoin, Expands to Europe Following a Partnership with MYKOBO
HoneyCoin, a Kenyan Web3 super app, partners with MYKOBO to launch in Europe, allowing users in the EU to easily manage digital Euros across 140 countries, excluding sanctioned territories.
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FINTECH AFRICA | South African Fintech, Peach Payments, to Expand BNPL Offering in New Deal with Float
Peach Payments has partnered with Float to offer merchants an interest-free installment option at checkout, enhancing online shopping. Float uses existing credit cards for payment flexibility, benefiting both consumers and retailers with increased sales and improved financial management.
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EAST AFRICA | Kotani Pay Expands Crypto On/Off Ramp Services to Rwanda and Uganda
Kotani Pay is expanding its crypto on-ramp and off-ramp services into Rwanda and Uganda, enhancing access to blockchain via USSD for local businesses and users. This move aims to simplify crypto- fiat exchanges and support fintech growth in these markets.
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REGULATION | VALR Receives Category 1&2 Licenses from South African Financial Watchdog, FSCA, as a Crypto Asset Service Provider
VALR, a crypto exchange in South Africa, has received Category I and II licenses from the FSCA, making it one of the first regulated crypto asset platforms in the country. This approval enhances customer protection and regulatory compliance, promoting trust in the crypto industry.
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FINTECH AFRICA | Nigerian Fintech, Opay, Valuation Increases By 30% After 4x User Growth and 60% Revenue Increase Since Series C Round in 2021
Nigerian fintech startup Opay has seen a 30% increase in valuation, reaching $2.7 billion since its 2021 Series C funding round. Its services and agent banking model significantly boosted its user base and revenue in 2023, aided by a currency shortage in Nigeria.
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PRESS RELEASE | VISA Direct Taps Stablecoins to Unlock Faster Funding for Businesses
VISA will launch a stablecoin pre-funding pilot through Visa Direct at SIBOS 2025, enhancing global cross-border payments by offering faster, smarter liquidity and modernizing treasury operations for businesses.
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Nigeria’s Crypto-Friendly Fintech, BridgeCard, Among 3 Latest African Entrants into Y-Combinator
BridgeCard,由 Owumi Festus 和 Tunde Adewole 共同創立,是一款整合用戶金融帳戶的金融科技應用,實現無縫交易。入選 Y Combinator 的 S22 批次,籌集了 $440,000 用於提升平台和用戶基礎。
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STARTUPS | a16z Crypto Startup Accelerator (CSX) to Kick Off With 25 Startups from All Over the World But Africa
a16z’s Crypto Startup Accelerator (CSX) Spring 2024 program is set to kick off this week in London, marking the beginning of an intensive 10-week journey for 25 promising early-stage startups in the crypto space, the company said in a blog post.
The startups were selected from a highly
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介紹 | 埃塞俄比亞推出 EthioPay,一個國家級即時支付系統
衣索比亞推出其國家數位支付策略和 EthioPay 系統,以促進數位金融並促進在非洲大陸自由貿易區(AfCFTA)下的貿易。此舉旨在促進金融包容性,並降低弱勢群體的障礙。
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YellowCard Granted a Virtual Assets Service Provider (VASP) License in Botswana – The First in Africa
YellowCard has received a Virtual Asset Provider license in Botswana, marking a significant milestone as the first licensed crypto exchange in Africa. This follows a $40 million Series B fundraiser, indicating strong growth and future potential in the region's cryptocurrency market.
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FUNDING | South African Payments Infrastructure Fintech, Stitch, Raises $55 Million in Series B Round to Boost Product Catalogue
South African payments infrastructure startup, Stitch, has secured $55 million in a Series B funding round. This brings its total capital raised to $107 million in under four years.
The new funds will support the expansion of its in-person payment solutions, enhance its online payments platform, an
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