PALM closes 7-figure pre-seed  to transform savings culture in Egypt

PALM secures 7-figure pre-seed funding led by 4DX Ventures to transform how Egyptians save.

Okra not dead: Shuts Nebula, doubles down on payments

Okra is restructuring its core payments business after shutting down its cloud service, Nebula. Despite exit rumours, the fintech remains active and is exploring new backers.

Kuda’s second attempt at multicurrency banking comes with lessons and $15M backing from investors

The move is primarily aimed at retaining its customers who are relocating abroad, Chief Executive Officer Babs Ogundeyi said.

Afrieximbank launches PAPSS Card. Why now and what about AfriGo?

Afrieximbank announces PAPSS card, following in the footsteps of Nigeria's AfriGo. Why are there more domestic card schemes in Africa? Verve.

USDC stablecoin issuer, Circle files for US banking licence

Circle applies for a US banking license to establish First National Digital Currency Bank, N.A. Discover what this means for Africa.

Moniepoint debuts on TIME100 most influential companies list

This latest accolade arrives on the heels of other prominent international recognitions for Moniepoint.

How product and engineering teams can prepare for open banking 

The open banking framework in Nigeria is set to go live in August following the Central Bank of Nigeria’s approval. 

Chowdeck acquires Mira in strategic push beyond delivery

Chowdeck acquires Mira to expand beyond delivery, offering POS and payment tools that empower Africa’s food and hospitality businesses to scale.

Pesa acquires UK EMI, Authoripay Emoney to begin Europe expansion

At the end of 2024, Pesa completed the acquisition of Authoripay Emoney Ltd, a UK FCA-licensed e-money issuer (EMI). Here is what it means.

How open banking will change how fintechs manage API integrations with banks

Even though fintechs have made impressive strides in Nigeria’s financial ecosystem, there are serious challenges with how they currently access bank data.

The name that froze a funding round: Inside Zap Africa’s trademark battle with Paystack

"We had a seed round early in the first quarter, and we were not able to close because of the issues with Paystack," said Tobiloba Asu-Johnson, CEO & co-founder of Zap Africa

Fatura Joins MaxAB-Wasoko in Africa’s Biggest Retail Tech Move

MaxAB-Wasoko has acquired Egypt’s Fatura in a major step toward unifying Africa’s fragmented retail supply chain. The deal brings scale, credit access, and growth to informal merchants.