Nigerian Web3 startup, WiCrypt expands to China

Enugu-based blockchain startup, Wicrypt has expanded its WiFi-sharing network to China, naming Onega Ventures as the sole distributor.

South Africa’s Neighbourgood buys Local Knowledge for $1.5M

South African proptech startup, Neighbourgood has acquired Local Knowledge, a Cape Town-based traveltech startup in a cash and equity deal worth $1.5 million.

Pineapple secures record-breaking funding in South Africa’s insurtech sector

South African insurtech startup, Pineapple has raised $21.3 million Series B in a round led by Futuregrowth, Talent10 and MIC, with participation from Old Mutual ESD, Lireas Holdings, ASISA ESD Fund and E4E Africa.

Qore hosts Nexus Customer Experience event; charts the future of financial services delivery in Africa

The event provided invaluable insights to craft strategies for growth and expansion in the evolving digital landscape.

Exclusive: Patricia to repay users in Naira instead of Patricia Tokens

In October, Nigerian SEC-licensed trust company, DLM Trust announced that it temporarily paused its appointment as an escrow trustee with Patricia to oversee the repayment of $2 million in customers’ assets lost in a hack last year.

Shekel Mobility secures $7M to drive vehicle financing in Africa

Shekel Mobility, a B2B trading platform catering to car dealers in Africa, secured a $7 million seed in a round led by Ventures Platform and MaC VC.

Breaking: Visa selects 23 African startups for inaugural fintech accelerator

Anchor, Orda Africa, Dojah, Moni and 19 other African startups have been selected for the inaugural cohort of the Visa Africa Fintech Accelerator.

Flutterwave overcomes legal hurdles in Kenya

Flutterwave, Africa's most valuable startup, has successfully navigated its last legal obstacle in Kenya. On Thursday (Nov. 9, 2023), a Kenyan high court approved the withdrawal of a money laundering case initiated by the country's Asset Recovery Agency (ARA), responsible for investigating and recovering proceeds of crime.

Bolt to halt food delivery in Nigeria

As of December 7, 2023, Bolt Food will cease its operations in Nigeria. Consequently, residents will no longer be able to place orders through the platform.

Paystack partners NIBSS to launch Direct Debit in Nigeria

Nigerian fintech company, Paystack is launching a Direct Debit product in partnership with the Nigeria Inter-Bank Settlement System.

Flutterwave gets IMTO licence to facilitate remittance in Malawi

Pan-African fintech startup, Flutterwave has secured a Malawian International Money Transfer Operator licence.

Kenyan blockchain experts to formulate crypto regulation

The Kenyan legislative has directed the Blockchain Association of Kenya to prepare the initial draft of a Virtual Asset Service Provider's Bill to govern cryptocurrencies.