More

    Staff Writer

    Fintech Unicorn Wave Caves to Regulators as BCEAO Holds Firm on West Africa’s Payment Deadline

    The $1.7bn mobile money operator joined the PI-SPI system on deadline day alongside 175 institutions—ending closed-loop dominance across the $267bn WAEMU market.

    African Fintech’s Debt Shift Comes With a Catch

    Headline totals hit $1.9bn, but a surge in collateralised debt and shrinking medians reveal a market concentrating around asset-heavy giants.
    spot_img

    Keep exploring

    Over $100M Funding Fails to Save Copia: 1060 Jobs on the Line as Kenyan Ecommerce Startup Considers Shutdown

    In a somber announcement on May 16th, 2024, Kenyan ecommerce startup Copia notified its...

    More Debt Funding for Kenyan Climate-Tech: New $95 Million Available

    Kenyan climate-focused businesses and women entrepreneurs received a funding boost this week with a...

    From Startup Founder to Prosus and Naspers CEO: Brazil’s Fabricio Bloisi Believes ‘Acting Fast’ is the New Deal

    Prosus N.V. (AEX: PRX) announced today that the Boards of Prosus and Naspers have...

    One Year After Launch, South Africa’s Suppple Goes on IPO in Europe

    South African technology company Suppple, founded by former GovChat CEO Eldrid Jordaan and Chief...

    Meet the Female-led Startups Selected for GrindstoneX Accelerator Program

    Grindstone, a South African entrepreneurship development program, has partnered with Naspers Labs to empower...

    Nigerian Startups Get New Startup House in Bay Area — What Does it Offer?

    Nigerian startups have a new launchpad in the heart of the global tech scene....

    d.Light to Light Up Ugandan Refugee Settlements with New $3 Million Funding

    d.light, a leading provider of solar products and financing solutions for low-income households, announced...

    Egypt’s Leading Fintech Company Fawry Records $7 Million Profit in First Quarter of 2024

    Fawry, Egypt’s foremost fintech company, has reported a significant financial upswing, recording a net...

    Bahrain’s Beyon Solutions Expands Regional Footprint with Egypt’s Link Development Acquisition

    Beyon Solutions, a subsidiary of Bahrain Mumtalakat Holding Company, announced today the signing of...

    Accion Launches $152.5 Million Fund to Help Digitize African Traditional Finance

    Accion, a leading non-profit organization focused on financial inclusion, announced today the launch of...

    Senegalese B2B E-commerce Startup Maad Secures $3.2 Million to Streamline FMCG Distribution in Africa

    Maad, a Senegalese B2B e-commerce startup, has secured a significant $3.2 million seed funding...

    Global South VC Capria Ventures Appoints African Partner to Double Down on Investment

    Global South venture capital leader Capria Ventures has announced the promotion of Mobola da-Silva...

    Latest articles

    Fintech Unicorn Wave Caves to Regulators as BCEAO Holds Firm on West Africa’s Payment Deadline

    The $1.7bn mobile money operator joined the PI-SPI system on deadline day alongside 175 institutions—ending closed-loop dominance across the $267bn WAEMU market.

    African Fintech’s Debt Shift Comes With a Catch

    Headline totals hit $1.9bn, but a surge in collateralised debt and shrinking medians reveal a market concentrating around asset-heavy giants.

    The Commoditisation of LLMs Is Driving a Spree of Micro-AI Acquisitions

    Large language models can scrape the web, but they can't replicate deep domain expertise. From Cairo cold-emails to Cape Town acqui-hires, tech giants are paying up to buy niche capabilities.

    IFC Eyes $90M Equity Stake in Airtel Money as London IPO Gathers Momentum

    World Bank arm joins proposed listing of African fintech processing $245bn annually.