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    Amazon Takes 3.95% Stake as Egyptian Fintech ValU Begins Trading on EGX

    The deal reflects Amazon’s execution of a right first agreed in May 2022, when the U.S. tech giant secured an option to buy $10 million worth of global depositary receipts convertible into equity in ValU — contingent on a qualified offering event, such as today’s listing.

    Kenyan Cookstove Startup Burn Manufacturing Gets $80M to Scale Across Zambia, DRC and Mozambique

    “This ‘first-of-its-kind’ investment will allow us to provide significant subsidies to customers in exchange for the future value of carbon credits."

    Nigeria’s Ventures Platform Taps Zipline and TapTap Send Exec to Scout Francophone Africa Deals

    The announcement is part of a broader strategy by Ventures Platform to bridge Africa’s intra-continental funding disparities.
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    Yellow Card Acquires Brazil’s GoMoney to Secure Direct LatAm Foothold

    The acquisition of GoMoney Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. converts Yellow Card’s Brazilian presence from a purely cross-border proposition into a locally regulated operation.

    Chinese Rules, OPay and a Halted New York Listing

    A Chinese regulatory inquiry halted the Nigerian fintech's $304m New York listing hours after pricing. The rules behind it, and the ownership structure it landed on, both emerge from the filings.

    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.

    Latest articles

    Yellow Card Acquires Brazil’s GoMoney to Secure Direct LatAm Foothold

    The acquisition of GoMoney Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. converts Yellow Card’s Brazilian presence from a purely cross-border proposition into a locally regulated operation.

    Chinese Rules, OPay and a Halted New York Listing

    A Chinese regulatory inquiry halted the Nigerian fintech's $304m New York listing hours after pricing. The rules behind it, and the ownership structure it landed on, both emerge from the filings.

    From Disruptors to Form-Fillers: Egypt’s Fintechs Face a New Agent Banking Reality

    Egypt's central bank has written a rulebook for banking agents. It lets banks send identity verification, account applications and card deliveries to places they have no branches. On a close reading, it allows little else.

    Your Biggest Customer Is Also Your Biggest Risk

    Hayden Lamberti, a business coach at Grow, writes from Johannesburg, South Africa