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Visa is expanding its cryptocurrency efforts by partnering with merchant companies to use USD Coin on the Solana blockchain for settlement payments, enhancing speed and cross-border transactions using stablecoins.

Nigerian fintech Nomba has raised $30 million in pre-Series B funding to enhance customized payment solutions for African businesses. Founded in 2016, Nomba serves over 300,000 clients, facilitating $1 billion in monthly transactions. The funding will expand their offerings and improve operational efficiency.

Canza Finance has been selected for CoinMarketCap’s CMC Labs accelerator, focusing on building an on-chain FX platform for African currencies. The program connects startups with industry experts to drive innovation in emerging markets.

Betty Waitherero, the first African woman elected to the Telos Blockchain board, discusses her media career, green startup GreenTrace, and blockchain's potential in Africa, emphasizing its accessibility and impact on sustainability.

South African crypto startup Momint, once a leader in the NFT marketplace, is shutting down due to unsustainable costs and fundraising challenges, despite significant milestones, including historic NFT sales and innovative partnerships.

VALR.com, a cryptocurrency exchange headquartered in South Africa, has announced that it has raised $50 million (over R750 million) in Africa’s largest ever crypto funding round.
This values the company at $240 million (R3.7 billion)
VALR’s oversubscribed Series B equity funding round was led

MANSA, a fintech leader in cross-border payments, has secured $10 million in funding to enhance its stablecoin solution, addressing liquidity issues for payment providers, especially in Africa.

Two private companies have announced they are piloting a Ugandan Shilling (UGX) Central Bank Digital Currency (CBDC). The partnership is between:

Global Settlement Network (GSN) – pioneers blockchain infrastructure that powers secure, compliant, and interoperable digital asset ecosystems. Its p

Kotani Pay, a USSD-based payment platform, has secured seed funding from various venture capital firms to enhance operations and expand into six African countries, leveraging local mobile money services.

VISA will launch a stablecoin pre-funding pilot through Visa Direct at SIBOS 2025, enhancing global cross-border payments by offering faster, smarter liquidity and modernizing treasury operations for businesses.