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    Ecosystem News

    Egypt and South Africa to the Rescue: dLocal’s ‘Africa Plan B’ Suddenly Looks Effective

    Africa remains a bright spot for the fintech giant...The region now makes up 23% of dLocal’s total gross profit, underscoring the continent’s growing importance to the company.
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    WESTERN AFRICA

    A Giant Digital Payment System is Underway in Francophone West Africa. And 90 Institutions Have Joined

    The new system, operational 24/7, allows for real-time, round-the-clock transactions of any kind, regardless of the account type.
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    WESTERN AFRICA

    Nigeria Freezes Over $37 Million in Cryptocurrency Linked to Protest Organizers

    While the EFCC did not disclose the identities of the wallet owners in its application, insiders have indicated that the wallets are connected to individuals involved in organizing the ongoing protests against the Nigerian government.
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    NORTHERN AFRICA

    Egypt’s Leading Fintech Fawry Made $13.9M in Profit in the First Half of 2024, a 111% Improvement

    Fawry processes over 4 million transactions daily and serves approximately 51 million users each month.
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    Valu Expands to Jordan With $7m — but Its Fastest Growth Is Coming From Payments, Not Loan

    Egypt's largest consumer fintech posted its first full-year results since listing.
    Updates

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.

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    Partner Content

    A New Wave of Tech Firms Is Tapping Nigeria’s Public Debt Market

    The broader market backdrop explains why more technology companies are exploring this route.
    Partner Content

    Ziidi Trader: Safaricom Captures Half of Kenya’s First Major IPO in 20 Years

    The Kenyan government’s sale of a 65% stake in KPC raised 106.3 billion Kenyan shillings ($823.1m).

    Latest articles

    Updates

    Valu Expands to Jordan With $7m — but Its Fastest Growth Is Coming From Payments, Not Loan

    Egypt's largest consumer fintech posted its first full-year results since listing.
    Updates

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.
    Venture Capital & Funding Sources

    Dutch VC Aqua-Spark Secures $48m for African Blue Economy Fund, Backed by KfW and AgriFI

    The close marks the culmination of a fundraising process that began in 2021.
    Partner Content

    Why Human Rights Matter in the Modern Workplace

    By Ashwin Rajah, founder of Mindset Matters

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

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