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    Ecosystem News

    Revolut Taps Ex-Uber Exec for Morocco Launch, Setting Up Clash with Local Fintechs

    Revolut, which serves 60 million customers and was recently valued at approximately 45 billion, has begun assembling a team in Casablanca.
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    Ecosystem News

    Sun King Secures $156M Kenyan Debt Facility, Tightening its Grip on Africa’s Off-Grid Solar Market

    The deal, backed by major local and international banks, highlights a market consolidation as smaller pay-as-you-go solar companies struggle to stay afloat.
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    WESTERN AFRICA

    Massive Data Fraud Scheme Exposes KYC Vulnerabilities in Nigerian Fintech

    "Information available revealed that the actors are up to 12,000 all over the country seeking account donors."
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    Ecosystem News

    From Poor Pay to Truncated Maps: Glovo’s Moroccan Headaches Mount as Regulator Slams Fine

    Protesters allege that the Glovo app recently displayed a map of Morocco without its southern regions.
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    African Startup Deal Tracker — Newest Deals

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

    Senegal’s Tech Scene Rocked by Insider Fraud as Employees Siphon Millions

    According to court documents, the accused, who had been with the company since 2019, exploited a feature in the company’s proprietary software.

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    WESTERN AFRICA

    Meet the ‘Back-Office’ Engine Powering Nigeria’s Public Debt Boom for Fintech Firms

    Raising public debt isn’t a DIY project.
    Partner Content

    ADX vs Tadawul: How a Cairo Fintech Became Abu Dhabi’s Secret Weapon 

    This is a strategic play by Abu Dhabi to boost liquidity and challenge the dominance of Saudi Arabia’s exchange, the largest in the Arab world.

    Latest articles

    Updates

    African Startup Deal Tracker — Newest Deals

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

    Senegal’s Tech Scene Rocked by Insider Fraud as Employees Siphon Millions

    According to court documents, the accused, who had been with the company since 2019, exploited a feature in the company’s proprietary software.
    Policy & Regulations Forum

    Inside the Controversial Tax Tactic Terrorising Nigerian Tech

    “They have tagged you as a high net worth individual.”
    Updates

    dLocal’s African Rollercoaster: Egypt Slumps as South Africa (and Temu) Step Up

    dLocal’s African challenges are not new. In 2024, Nigeria’s revenue collapsed by over 80% after a naira devaluation, turning a once-lucrative market into a minor contributor.

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