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    SOUTHERN AFRICA

    SOUTHERN AFRICA

    Trading Platform Banxso Confronts South Africa’s Investment Regulator in a Rare Fiasco

    According to FSCA statements, Banxso reportedly contacted clients, implying that its FSP license had been reinstated and that it could legally resume trading activities.
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    Ecosystem News

    MultiChoice’s Fintech Arm ‘Moment’ Reaches $80M Valuation Following Recent $22M Funding Round

    Founded in 2023, Moment is a joint venture between MultiChoice, payments platform Rapyd, and venture capital firm General Catalyst.
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    SOUTHERN AFRICA

    TymeBank’s Indonesian Expansion Gains Momentum with $2.5M New Funding Support

    This partnership marks Tyme’s strategic expansion into Southeast Asia’s financial landscape, building on its established presence in South Africa and the Philippines while offering Finfra valuable international exposure.
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    Venture Capital & Funding Sources

    Edge Growth Ventures Raises $2.1M to Back Growth-Stage South African Firms

    Edge Growth’s portfolio already includes firms such as Rentoza, logistics operator DKN Transport, home services startup SweepSouth, among others
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    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.
    Updates

    First Cheque Out: Small Foundation Backs Kenyan VC FrontEnd to Ease First-Time Manager Woes

    While seasoned VCs continue to invest, aspiring first-time managers are navigating a steep and unforgiving terrain.

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    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.
    Partner Content

    Egypt’s State-Backed Incubator ITIDA More Than Doubles Seed Funding in Latest Cohort

    Eight startups have joined the latest one-year incubation cycle, developing solutions across healthtech, logistics, education, and e-commerce.

    Latest articles

    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.
    Updates

    First Cheque Out: Small Foundation Backs Kenyan VC FrontEnd to Ease First-Time Manager Woes

    While seasoned VCs continue to invest, aspiring first-time managers are navigating a steep and unforgiving terrain.
    WESTERN AFRICA

    Tingo’s Nigerian Auditor Hit with $200K Fine and US Ban for ‘Aiding Fraud’

    According to a final judgment entered in a New York federal court on August 11, 2025, Oyebola and his firm played a crucial role in deceiving investors.
    Updates

    Street Wallet Secures $350k to Connect South Africa’s Informal Traders to the Digital Economy

    Britto was previously the CFO at the UK startup Syft, where he played a key role in its £78m sale to the job site Indeed in 2019.

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