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    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.

    In Africa’s Food Delivery ‘Graveyard’, VCs See Signs of Life with Chowdeck’s $9M Round

    Investors are betting that Chowdeck’s combination of local market expertise and disciplined execution can succeed where others have struggled.

    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."

    French Court Orders Compulsory Liquidation of Ivorian-Founded Fintech Bizao

    Paris ruling casts doubt over future of one of Francophone Africa's most prominent B2B fintechs.
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    Why $3-a-Day Savings Convinced Afreximbank to Back Spiro’s $100M Bet on E-Bikes

    This is Africa’s largest-ever electric vehicle mobility investment so far.

    Moniepoint Closes $200M Round to Push Merchant Banking Beyond Nigeria

    The raise, which includes Visa and Google, defies a broader African tech funding downturn and will fuel the $1bn-plus-valued company’s continental expansion.

    The British Remittance Fintech Powering Central Africa’s $1B Mobile Money Boom

    The rise of mobile money remittances is having a profound impact on the CEMAC region.

    With Grocery Dominance Secured, Egypt’s Breadfast Pushes for Unicorn Status In Latest Fintech Expansion

    The online grocer recently secured $10m from the European Bank for Reconstruction and Development to fuel its expansion into financial services and new cities.

    Latest articles

    Why $3-a-Day Savings Convinced Afreximbank to Back Spiro’s $100M Bet on E-Bikes

    This is Africa’s largest-ever electric vehicle mobility investment so far.

    Moniepoint Closes $200M Round to Push Merchant Banking Beyond Nigeria

    The raise, which includes Visa and Google, defies a broader African tech funding downturn and will fuel the $1bn-plus-valued company’s continental expansion.

    African Startup Deal Tracker — Newest Deals

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

    How Money Fellows Hit Profitability by Digitising Egypt’s Informal ‘Gam’eya’ — and Processing $1.5B

    Money Fellows has established presence in Morocco following a partnership with Attijariwafa Bank.