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    Nigerian Regulators Pounce on Paystack With $155K Fine and Stern Warning Over Product Launch

    Adding fuel to the fire, regulators were reportedly incensed by Paystack’s public launch event, “An Evening with Paystack,” which one CBN insider described as “a slap in the face of the regulator.”
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    Updates

    ‘Raenest Is the Only Team That Tripled Growth Before We Even Invested’ — Seedstars Co-founder

    Founded in 2022 by Victor Alade, Sodruldeen Mustapha, and Richard Oyome, Raenest began life as an Employer of Record (EOR) platform.
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    Ecosystem News

    Ghanaian Fintech Zeepay Raises $18m Debt to Power Remittance-Led Expansion

    The newest funding round - confirmed to Launch Base Africa by Verdant IMAP, the investment firm that structured and arranged the transaction - marks a significant milestone for the fintech.
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    Updates

    Kenya’s E3 Capital Leads $8.1M Investment in Ghanaian Cleantech Firm Kofa

    Kofa, founded in 2022, operates a battery-swapping service that provides clean energy for motorcycles, households, and small businesses.
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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 month:
    Policy & Regulations Forum

    School Fees, Secret Loans, and a CEO Ban: Inside Egypt’s Wildest Fintech Scandal

    The regulatory fallout from the Global Paradigm affair signals that Cairo’s toleration for aggressive fintech origination tactics has reached its limit.

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    Industry

    Inside dLocal’s $23.7M AZA Finance Deal: $22.8M of Customers, IP and Goodwill

    The Nasdaq-listed payments group settled its restructured Africa transaction without paying cash.
    Industry

    Post-Office Relief: US Kills BOI Rules in Stealth Win for Foreign Tech

    By dismantling beneficial ownership registers, Washington inadvertently protected foreign tech entrepreneurs from fines and privacy leaks.

    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 month:
    Policy & Regulations Forum

    School Fees, Secret Loans, and a CEO Ban: Inside Egypt’s Wildest Fintech Scandal

    The regulatory fallout from the Global Paradigm affair signals that Cairo’s toleration for aggressive fintech origination tactics has reached its limit.
    Ecosystem News

    AFC Tests Nigerian Pensions’ Appetite with $750M Climate Fund

    Registered with Nigeria’s Securities and Exchange Commission as a closed-end fund, it targets allocations from pension fund administrators (PFAs) and insurers.
    Updates

    South Africa’s Verascient Raises $1.2m for AI ‘Operating System’ for Businesses

    South African-founded AI infrastructure company Verascient has raised $1.2 million (R19.5 million) in an...

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