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Tunisian fintech PayDay secures $3 million pre-seed funding
PAYDAY Takaful, a promising fintech startup from Tunisia, has closed a $3 million pre-seed funding round. The investment will enable the company to strengthen its digital platform, which provides salary-backed financing and micro-Takaful insurance solutions for employees in North Africa. The funding round was led by UGFS North Africa and saw participation from notable investors, […]
Chari Raises $12M Series A and Secures Morocco’s First VC-Backed Payment Institution Licence
Chari, a Moroccan fintech and e-commerce platform, has completed a $12 million Series A funding round while simultaneously becoming the first venture capital-backed startup in Morocco to receive a payment institution licence from Bank Al-Maghrib, the country’s central bank. The dual achievement marks a transformative moment for Morocco’s fintech ecosystem and positions Chari as a […]
Kenya Passes Landmark Virtual Asset Bill to Regulate Cryptocurrency Market
On October 15, 2025, Kenya’s National Assembly approved the Virtual Asset Service Providers (VASP) Bill. This is a pioneering regulation that could position Kenya as a leader in Africa’s digital finance landscape. The bill, which now awaits President William Ruto’s assent, aims to create a framework for stablecoins, crypto exchanges, and digital asset platforms, introducing […]
African Startup Funding Reaches $141.7 Million in September
Q3 Performance Signals Investor Confidence Despite Market Volatility African startups raised $141.7 million in September 2025, marking a 21% increase from August’s $117 million. This caps a volatile third quarter that totaled $813.7 million in venture capital investments across the continent. The September performance represents a significant recovery following August’s decline. This is with capital […]
Chipper Cash Introduces Ripple’s RLUSD Stablecoin to African Market
In a significant move for the African fintech space, Chipper Cash, a leading cross-border payments platform, has expanded its partnership with Ripple. This is to bring Ripple’s USD-backed stablecoin, RLUSD, to retail and institutional customers across the continent. This introduction aims to simplify cross-border payments and bridge the gap between fiat currencies and the crypto ecosystem. […]
CBN Enforces New POS Rule: Agents Must Choose Single Bank by April 2026
The Central Bank of Nigeria has unveiled comprehensive regulations that will fundamentally reshape the country’s Point-of-Sale (POS) and agent banking sector. Announced on October 6, 2025, the new guidelines introduce an exclusivity rule that mandates all POS agents and banking operators to affiliate with only one principal institution. Under the new framework, each agent can operate under […]
Nigeria and Japan Announce $11.2 Million Startup Hub Partnership
Nigeria and Japan have announced a groundbreaking $11.2 million partnership to establish a state-of-the-art startup and innovation hub in Abuja, positioning the capital as Africa’s next major tech destination. The collaboration between Nigeria’s National Information Technology Development Agency (NITDA) and Japan International Cooperation Agency (JICA) was unveiled during discussions at the 9th Tokyo International Conference on African Development (TICAD […]
Airtel Africa to Launch Mobile Money IPO in First Half 2026
Airtel Africa has postponed the public listing of its mobile money subsidiary to the first half of 2026. Airtel Africa Plc announced the delay of its highly anticipated Airtel Money initial public offering (IPO), pushing back the timeline from the originally planned 2025 launch. The decision comes despite record-breaking performance from the mobile money unit, which serves […]
Nigeria ranks as the third-largest crypto adopter globally, after India and Vietnam
Nigeria has emerged as the world’s third-largest cryptocurrency adopter, trailing only India and Vietnam, according to recent data revealed by securities regulators. Dr. Emomotimi Agama, Director-General of Nigeria’s Securities and Exchange Commission (SEC), disclosed this milestone during the West Africa Compliance Summit in Praia, Cape Verde. The announcement highlights West Africa’s rapid transformation into a […]
Safaricom and PayPal Expand M-PESA’s Global Reach Through New Integration
A new era of global payments is here for Kenyan freelancers, creators, and digital businesses. On July 29, 2025, Safaricom officially announced a major partnership with PayPal, giving users the ability to link their M-PESA wallets directly to their PayPal accounts. This move opens up seamless, two-way transfers—finally connecting Kenya’s most widely used financial tool […]