A little over a year ago, Moniepoint pushed back publicly against a Launch Base Africa report detailing heavy losses at its newly launched UK operation, calling the figures overstated.
Oversubscribed final close above $75m target highlights early-stage resilience as international investors weigh macroeconomic volatility against long-term demographic bets.
The regulatory fallout from the Global Paradigm affair signals that Cairo’s toleration for aggressive fintech origination tactics has reached its limit.
Registered with Nigeria’s Securities and Exchange Commission as a closed-end fund, it targets allocations from pension fund administrators (PFAs) and insurers.
Commercial International Bank (CIB), Egypt's largest listed bank, has received preliminary approval from the Central Bank of Egypt (CBE) to launch yomo, a standalone digital bank.
The new vehicle will write $1m–$3m tickets into farming and agri-processing companies, backed by IFAD, a private lender consortium and UK development capital.
For most financial technology companies, the race for growth hinges on capturing the youngest, most digitally-native users. But that could be misleading.
A little over a year ago, Moniepoint pushed back publicly against a Launch Base Africa report detailing heavy losses at its newly launched UK operation, calling the figures overstated.
Oversubscribed final close above $75m target highlights early-stage resilience as international investors weigh macroeconomic volatility against long-term demographic bets.
