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    Ecosystem News

    Ecosystem News

    Ivory Coast-Based Fintech Hub2 Secures New Funding to Expand Payment Services

    In a subsequent funding round in September 2023, HUB2 received a €1.25 million equity investment from ESSOR PME La Réunion.
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    Ecosystem News

    MNT Halan Eyes Egyptian Stock Exchange Listing, Targets $1 Billion Financing Portfolio

    The company aims to bolster its financing portfolio to a substantial $1 billion by the year’s end.
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    Latest Funding

    Profitability-Focused Cartona Raises $8.1M for Egyptian Expansion and Potential Saudi Entry

    Cartona’s asset-light approach has allowed them to scale rapidly, as evidenced by their annualized gross merchandise volume (GMV) increasing from EGP 2.3 billion ($120 million) in 2022 to EGP 10 billion ($210 million) currently. This scalability is appealing to investors seeking high-growth potential.
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    EASTERN AFRICA

    Kenya’s Sukhiba Connect Secures Additional Funding to Scale WhatsApp-Based Commerce Platform

    Kenya’s high WhatsApp penetration, with 97% of internet users utilizing the platform according to a 2022 survey, has been a catalyst for Sukhiba’s growth.
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    Victoria’s Surprise Rise Into Africa’s Startup Top Five Raises Awkward Questions About Ecosystem Rankings

    Sub-Saharan Africa’s showing in GSER 2026 is already the weakest of any region covered.
    Updates

    Swvl Eyes UK and US Launches as Q1 Losses Shrink to $174K

    The Nasdaq-listed company, which started life in Cairo as a bus-booking app before pivoting into enterprise software, posted Q1 2026 revenue of $8.24m.

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    Partner Content

    Africa’s Electric Mobility Pioneers Turn to Operators in Race for Profitability

    The sector has attracted unprecedented capital.
    Partner Content

    Fintech Margins Under Pressure as Pan-African Payments Race Reaches Ghana

    Ghana's fintech sector has attracted intensifying interest from both regional and international players.

    Latest articles

    Updates

    Victoria’s Surprise Rise Into Africa’s Startup Top Five Raises Awkward Questions About Ecosystem Rankings

    Sub-Saharan Africa’s showing in GSER 2026 is already the weakest of any region covered.
    Updates

    Swvl Eyes UK and US Launches as Q1 Losses Shrink to $174K

    The Nasdaq-listed company, which started life in Cairo as a bus-booking app before pivoting into enterprise software, posted Q1 2026 revenue of $8.24m.
    Policy & Regulations Forum

    Nigeria’s Central Bank Orders Fintechs to Split Their Payments Empires — or Divest

    The CBN is forcing dominant payments groups to choose between issuing and acquiring, triggering the most dramatic reshaping of Africa's largest fintech market in a decade.
    Ecosystem News

    Ripple Buys Into Flutterwave to Open New Front in African Stablecoin Wars

    The blockchain payments company's Series E participation cements RLUSD in Africa's largest payments network - but Flutterwave is not betting on any single coin.

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