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    Ecosystem News

    South Africa’s Lula Bags $21M to Double Down on SME Lending

    The Cape Town-based fintech has secured R340m ($21m) in local currency funding from the Dutch development bank FMO to bridge the country's massive credit gap.

    GoCab Secures $45M to Challenge Moove in the Race for Africa’s Gig-Worker Assets

    Founded in 2024 by former investment bankers Azamat Sultan and Hendrick Ketchemen, GoCab’s strategy bypasses the traditional leasing model.

    Koko Networks’ Lenders in Limbo as World Bank-Backed Clean Cooking Giant Collapses

    The era of carbon-subsidised clean cooking has hit a wall

    From Payments to Credit: Nigerian Fintech Moniepoint Deploys $720M to Corner Shops and Supermarkets

    Moniepoint asserts that businesses accessing this credit saw an average growth rate of 36%.
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    Small Checks, Big Shift: What October’s Deal Flow Reveals About African Climate Tech

    With supply chains bottlenecked and venture equity thin, DFIs are stepping in with debt, working capital, and a new funding playbook.

    West Africa’s Unified Payments Network Is Off to a Rocky Start

    The BCEAO’s ambitious plan to mirror India’s UPI or Brazil’s Pix via its new PI-SPI platform has run headfirst into West Africa’s fragmented digital infrastructure on day one.

    Nine Years After Its Founding, OPay’s IPO Filing Leaves Questions Over Employee Stock Options

    A court judgment proves OPay granted share options in 2020. Its US filing never mentions them, and investors are left to guess whether that’s a gap or a non-issue.

    M-KOPA’s Product Margins Halve as Lending Becomes the Main Event

    The African fintech’s gross profit from device sales fell to $57.9m even as revenue rose 45%, exposing a structural shift in the economics of financing smartphones and e-bikes for the continent’s informal earners.

    Latest articles

    Small Checks, Big Shift: What October’s Deal Flow Reveals About African Climate Tech

    With supply chains bottlenecked and venture equity thin, DFIs are stepping in with debt, working capital, and a new funding playbook.

    West Africa’s Unified Payments Network Is Off to a Rocky Start

    The BCEAO’s ambitious plan to mirror India’s UPI or Brazil’s Pix via its new PI-SPI platform has run headfirst into West Africa’s fragmented digital infrastructure on day one.

    South Africa and Egypt Contest Africa’s AI Funding Crown

    South Africa leads on disclosed dollars, but Egypt’s broader pipeline and state-backed strategy suggest the contest is closer than headline figures imply

    Seventy-Two Hours: OPay CTO Held Zero Shares on Eve of Aborted $4bn US Listing

    Power of attorney filings and blank Form 3s trace the high-stakes final days before payment giant pulled its IPO.