Login
Search
More
    HomeEcosystem NewsLatest FundingDFS Lab is Backing African Startups, Thanks to a Partnership with Stellar...

    DFS Lab is Backing African Startups, Thanks to a Partnership with Stellar Development Foundation

    Ecosystem NewsLatest FundingVenture Capital & Funding SourcesWESTERN AFRICA

    Published on

    By Staff Writer
    spot_img

    DFS Lab and the Stellar Development Foundation have initiated the DFS Lab Stellar Africa Fund I, aiming to bolster innovation in Africa’s blockchain sphere. Shiga Digital Inc., a Nigerian blockchain startup focused on refining financial services for wallet holders, has secured funding through this partnership.

    The DFS Lab Stellar Africa Fund I, backed by both organizations, targets promising startups in Africa leveraging the Stellar network. Shiga Digital Inc.’s selection underscores its commitment to simplifying access to blockchain-based financial services.

    The fund offers initial investments of up to $100,000 to pre-seed and seed-stage teams, particularly those addressing fiat-crypto ramps and cross-border payments. In addition to financial support, selected startups gain access to mentorship from Stellar ecosystem experts.

    Eligible startups must meet specific criteria, including targeting African markets, incorporation in the United States or plans to do so, and integration plans with the Stellar blockchain network. Compliance with ethical and legal standards is also required.

    Shiga Digital Inc. aims to empower wallet holders by leveraging the Stellar blockchain’s global network and Soroban smart contracts wallet technology. The startup claims to have processed over $51 million USD in transaction volume, reflecting its potential impact in Africa’s blockchain landscape. 

    Latest articles

    Updates

    Branch Closure Rumours Put Egypt’s Non-Bank Finance Regulation Under the Spotlight

    Egypt’s Financial Regulatory Authority (FRA) has issued a statement categorically denying reports that it ordered the closure or operational suspension of branches operated by non-banking financial institutions, most of them fintech firms.
    Analysis & Opinions

    Why Africa’s Current Capital Concentration at the Top Isn’t a Temporary Lag

    Fewer than one in twenty newly formed African-focused funds can write a cheque above $10m. The continent's largest deals in the first half of 2026 were financed by debt and by global capital with no African mandate at all.
    Updates

    Egypt’s BNPL Leader ValU Pivots to Payments as Central Bank Tightens Credit Vise

    As the Central Bank of Egypt raises risk weights and tightens bank funding rules, the country’s largest listed consumer lender is looking to fee-based revenue to protect its growth.
    Updates

    Tokyo State Lenders Back Peach Cars in $3.7M Debt Facility for East Africa Expansion

    Tokyo-based Cordia Directions secures ¥600mn in loans from government-affiliated lenders to expand its Kenyan used-car platform.

    More like this

    Updates

    Branch Closure Rumours Put Egypt’s Non-Bank Finance Regulation Under the Spotlight

    Egypt’s Financial Regulatory Authority (FRA) has issued a statement categorically denying reports that it ordered the closure or operational suspension of branches operated by non-banking financial institutions, most of them fintech firms.
    Analysis & Opinions

    Why Africa’s Current Capital Concentration at the Top Isn’t a Temporary Lag

    Fewer than one in twenty newly formed African-focused funds can write a cheque above $10m. The continent's largest deals in the first half of 2026 were financed by debt and by global capital with no African mandate at all.
    Updates

    Egypt’s BNPL Leader ValU Pivots to Payments as Central Bank Tightens Credit Vise

    As the Central Bank of Egypt raises risk weights and tightens bank funding rules, the country’s largest listed consumer lender is looking to fee-based revenue to protect its growth.

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

    © Powered By Launch Base Africa