The raise, which includes Visa and Google, defies a broader African tech funding downturn and will fuel the $1bn-plus-valued company’s continental expansion.

Money Fellows has established presence in Morocco following a partnership with Attijariwafa Bank.

The Cape Town-based firm will manage Zafiri, a new blended finance vehicle from the IFC and AfDB aiming to plug the 'missing middle' equity gap for decentralised energy companies.

The South African edtech startup recently won a restraint of trade case against a senior exec who claimed his new 'Co-Founder' title at a competitor was just an 'honorarium'.

The digital bank has outlined plans for a dual public listing, with a primary listing on the New York Stock Exchange (NYSE).

The investment will be used to expand SehaTech’s team, enhance its AI-powered platform, and scale its operations in Egypt and the wider region.

This investment is the latest in a series of operations carried out by the public fund, which is actively deploying capital to support Ivorian tech companies.

The age distribution skews toward working-age professionals. The 25–34 cohort represents 37% of users, followed by 35–44 year-olds at 26%.

While other regional African fintechs struggle with profitability, Central Africa's mobile money ecosystem processed 3.5 billion transactions in 2023. The backbone? Nearly half a million street-level agents converting cash into digital currency.

Gimacpay’s success is part of an accelerating trend across Africa: the rise of public, interoperable payment rails.

"The most important lesson I've learned is that success isn't just about technology. It's about timing, resilience and a healthy dose of luck."

The rise of mobile money remittances is having a profound impact on the CEMAC region.