This..."clearly shows a huge opportunity to connect with consumers through mobile apps.”

In 2023, African cleantech firms borrowed heavily, then suddenly paused in 2024. …But a new lending honeycomb is being built once more.

The all-share deal, the value of which was not disclosed, creates a combined entity with annualised revenue of $275 million.

Netherlands-headquartered Exipay, originally a spin-off from Mr. Büchner and Mr. Keats’ IT consulting firm, specializes in building fintech solutions.

NjiaPay’s platform acts as an aggregator of PSPs and payment methods, offering businesses a single integration point for managing transactions.

“We survived COVID-19, we survived the war in Israel, but we might not survive Donald Trump.”

Africa’s tech ecosystem is not entirely new to the AI arena.

This is Ignite’s fourth acquisition in the past two years, cementing its position as a leading consolidator in the African energy access sector.

Furthermore, the UK is contributing £8.5 million to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA).

Plus VC, a prominent venture capital firm in the Middle East and North Africa (MENA), led the round, with participation from leading regional and global investors, including Plug and Play, Orbit Startups, Jedar Capital, and other strategic partners.

Furaha’s platform integrates Yabx’s advanced AI capabilities and alternative lending technologies to develop robust credit scoring systems using diverse data sets.

The rebranding also coincides with Binance CEO Changpeng Zhao’s (CZ) departure from the company’s day-to-day operations, a move described by YZi Labs as a “natural progression.”