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FUNDING | Egyptian Fintech, MoneyHash, Raises $5.2 Million Following a 3x Revenue Growth in 2024
Egyptian fintech and a leading payment orchestration platform in Middle East and North Africa (MENA), MoneyHash, has secured $5.2 million in pre-A funding.
The round was led by Flourish Ventures – a global fintech investor behind industry leaders like Chime, Flutterwave, FairMoney, and Neon –
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FUNDING | Nigerian Fintech, Klasha, Obtains a U.S. Money Transmitter License, Raises $2 Million to Expand Operations in Asia
Klasha, a Nigerian fintech, has secured an additional $2 million in funding, raising its total to $6.5 million. This investment will enhance cross-border B2B payment services between Asia and Africa, enabling seamless transactions with new operations in China and a Money Service Business license for the U.S.
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FUNDING | Tanzanian Fintech, Nala, Raises $40 Million in Series A Following 10x Revenue Growth and ~500K User Growth
Nala, a pan-African remittances company, raised $40 million in a Series A funding round to enhance infrastructure and expand globally. This funding will support Nala's payment solutions and the launch of its B2B platform, Rafiki, aiming for reliable, low-cost payments.
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FUNDING | Moroccan Fintech, PayTic, Raises $4 Million to Expand Operations in North and Sub-Saharan Africa
摩洛哥金融科技新創公司PayTic獲得$4 百萬美元的種子擴展融資,以提升其支付運營平台並進行全球擴展。該公司成立於2020年,旨在簡化金融機構的銀行業務操作。
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GOVERNMENT | Kenya Deputy President Launches 2 Digital Platforms to Boost Government Transparency and Efficiency
Kenya has introduced two innovative digital platforms aimed at enhancing the transparency and efficiency of government operations. The new systems, named:
The Presidential Directives Management Information System (PDMIS), and
The Foreign Travel Management Information System (FOTIMS)
are
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MILESTONE: The Polygon ZK-EVM Can Now Scale Ethereum Infinitely, Says Polygon
Polygon Labs, the Ethereum Layer 2 scaling solution, has launched Polygon zkEVM Mainnet, termed as an Ethereum scaling breakthrough that will make it possible for Ethereum to outpace Visa in terms of transaction throughput
In what Polygon Labs describes as a watershed moment for the Web3
ETH7.07%
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LAUNCH | Tether (USDT) Launches Educational Division to Focus on Africa and Other Emerging Markets
Tether has launched Tether Edu, an educational division aimed at enhancing skills in blockchain and digital fields, particularly in emerging markets. This initiative emphasizes digital education as a catalyst for economic growth and sustainable development.
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BTC5%
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FINTECH AFRICA | Peach Payments Acquires Senegalese Fintech, PayDunya, Following its Daily 70K Transactions in Francophone Africa
South African fintech startup, Peach Payments, has expanded into the Francophone Africa region through the acquisition of Senegalese fintech, PayDunya.

The Dakar-based fintech, PayDunya, started operations in 2015 after the Founder, Aziz Yérima, realised in 2013 that there were no options to in
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FUNDING | Africa-Focussed CBDC Platform, Emtech, Raises $4 Million Following Collaborative Agreement with the West Africa Monetary Institute
Emtech, a software solutions company for central banks, raised $4 million in seed funding to enhance its CBDC and regtech solutions, boosting total investment to $10 million. The company collaborates with six central banks and offers innovative digital currency tools and regulatory platforms.
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LUNA5.66%
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MILESTONE | Stripe Makes Headlines with $1.1 Billion Acquisition of Bridge, the Largest Deal in Crypto History
Stripe has acquired stablecoin platform Bridge for $1.1 billion, marking its largest acquisition and highlighting the rise of stablecoins in payments. This move demonstrates Stripe's commitment to cryptocurrency after reentering the market, signaling a bright future for stablecoin integration.
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