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    Ecosystem News

    Fintech Startup PALM Closes 7-Figure Round to Make Saving Rewarding in Egypt

    The round was led by pan-African venture firm 4DX Ventures, with participation from Plus VC and several international angel investors.
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    Ecosystem News

    Morocco Selects Global GPs Including Westmont and AfricInvest to Manage $1.9bn in Thematic Funds

    The funds will be domiciled in Morocco and will invest through a mix of equity and quasi-equity instruments.
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    Ecosystem News

    Network International and Magnati Merge to Form $400bn African-Middle East Fintech Giant

    The new company will serve more than 250 financial institutions, 240,000 merchants, and 20 million cardholders in over 50 markets.
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    CENTRAL AFRICA

    A New Fintech Gold Rush in Cameroon — But Has the Market Really Changed?

    In 2022, it accounted for 71% of all mobile money transactions in Central Africa, totalling more than €90 billion
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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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