South Africa's long-standing payments body PASA is being dissolved, with its responsibilities transferring to PayInc and the South African Reserve Bank in a major restructuring of the country's payments infrastructure.
Y Combinator has helped build some of Africa's most successful startups. Now, many of its alumni are becoming investors, backing the next generation of founders across fintech, healthtech, logistics, AI, and developer tools.
Bitnob has unveiled Bitnob Enterprise, a non-custodial financial infrastructure stack, alongside a redesigned Bitnob Business platform, expanding options for businesses building payment and treasury products globally.
Bloomberg's 2026 Africa Startups to Watch list challenges the narrative of Nigerian and Kenyan dominance. Nigeria, Kenya, and South Africa each placed four startups on the ranking, while companies from 10 other African countries also made the cut.
African startups raised $228 million in May 2026, but $175 million came from Paymentology. Excluding that deal, startups raised just $53 million, making May the slowest funding month of the year. Three stablecoin infrastructure companies accounted for roughly 70% of all disclosed venture activity.
Ten years after Paystack joined Y Combinator, the accelerator’s African portfolio reveals a story of fintech dominance, concentrated funding, and an ecosystem gradually building alternatives to Silicon Valley validation.
Eazyfit founder Olamide Adeyi grew up in a family of fashion designers in Kwara State. Now, he is building a fashion-tech platform that connects customers with verified tailors and tackles Africa’s “what I ordered versus what I got” problem.
We have sent your verification link.
If your account exists, your reset email is on the way.
