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    WESTERN AFRICA

    The $267bn Crown: Wave Edges Closer to Dethroning Orange in West Africa

    The BCEAO’s instant payments platform launched in late 2025 to link banks and mobile wallets across eight countries. Months later, top players Wave and Orange Money have yet to fully join — latest data suggests they have little urgency.

    Ivory Coast’s Anka Acquired for Undisclosed Sum Following French Parent’s Swift Liquidation

    The platform facilitated more than $60 million in transactions across 47 African countries, reaching customers in over 170 markets.

    Moniepoint Faces Heavy Losses After Acquiring Bancom Europe to Secure UK Licence

    Filings from the Nigerian fintech unicorn disclose heavy spending on salaries and fees to pave the way for its acquisition of a regulated British payments firm.
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    Enza Capital Raises $21M to Back African AI as Venture Funding Retreats

    Pan-African venture firm reaches $21mn first close on Enza Capital III LP, betting that AI can narrow a funding gap that has left African AI rounds with a median size of just $1.9mn

    South African Fintech Lumepay Raises $6M Pre-Seed to Build Africa’s Institutional Cross-Border Payments Rails

    Cape Town-based start-up, founded by former Ovex executives, secures funding and a $10m liquidity float as it targets B2B corridors across a continent moving away from correspondent banking. But its early growth has coincided with litigation over restraint of trade.

    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.

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    Enza Capital Raises $21M to Back African AI as Venture Funding Retreats

    Pan-African venture firm reaches $21mn first close on Enza Capital III LP, betting that AI can narrow a funding gap that has left African AI rounds with a median size of just $1.9mn

    South African Fintech Lumepay Raises $6M Pre-Seed to Build Africa’s Institutional Cross-Border Payments Rails

    Cape Town-based start-up, founded by former Ovex executives, secures funding and a $10m liquidity float as it targets B2B corridors across a continent moving away from correspondent banking. But its early growth has coincided with litigation over restraint of trade.

    MNT-Halan Shifts From Risky SME Lending as ‘Super-App’ Strategy Lifts Third-Quarter Profit

    The group has actively curtailed its exposure to higher-risk SME lending, which previously formed a larger share of its disbursements.

    African Startup Deal Tracker — Newest Deals

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