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    Ecosystem News

    Uruguayan Fintech Unicorn dLocal to Acquire AZA Finance in Push Into African Payments Market

    AZA Finance, a Nairobi-founded cross-border fintech, now supports over $9bn in transaction volume across 15 million transactions.

    France’s Bpifrance Backs Tunisia’s Kumulus in $3.5M Round to Scale WaterTech Abroad

    Bpifrance’s investment in Kumulus reflects its growing activity in Africa’s startup ecosystem — particularly in Francophone countries.

    West Africa’s Central Bank, BCEAO, Extends Fintech Licensing Deadline Amid Industry Pressure

    Launch Base Africa describes the development as one of the most closely followed issues on its platform in the region during the month of May.

    AfricInvest Ends Multi-Year Bet on Egyptian Fintech MDP

    The company, co-founded and led by Ahmed Nafie, offers an end-to-end digital payment infrastructure solution across Africa and the Middle East.
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    Cape Town’s Havaíc Hits $30m Milestone for Third Fund as Institutional Interest Hardens

    The latest capital injection comes from E Squared Investments

    One Month, Two Rounds: Nigeria’s Terra Industries Hits $34m as Investors Eye ‘Faster-Than-Expected’ Traction

    “Before Terra, governments and operators across Africa were often forced to rely on foreign defense systems from China, Europe, and elsewhere.”

    Jumia Hits Positive Working Capital: The Most Important Chart in African Tech

    The real story lies in what Jumia has chosen to destroy.

    When a Multilateral Bank Goes Seed-Stage: Afreximbank’s Startup Gamble

    This accelerator is not a standalone experiment; it is the logical progression of a more aggressive investment strategy.

    Latest articles

    Cape Town’s Havaíc Hits $30m Milestone for Third Fund as Institutional Interest Hardens

    The latest capital injection comes from E Squared Investments

    One Month, Two Rounds: Nigeria’s Terra Industries Hits $34m as Investors Eye ‘Faster-Than-Expected’ Traction

    “Before Terra, governments and operators across Africa were often forced to rely on foreign defense systems from China, Europe, and elsewhere.”

    Mogo Kenya Raises $6.2m in Syndicated Deal With I&M Bank and Ecobank

    The deal marks a strategic pivot for the asset financier as it swaps foreign exchange volatility for local currency stability.

    DPI Targets $1bn for Fourth Africa Fund as Proparco Chips in $42m

    Rather than spreading bets thin, the fund plans to build a concentrated portfolio of roughly one dozen companies across North and Sub-Saharan Africa.