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INTRODUCING | Africa’s First Regulated Stablecoin, the Nigerian Naira-Pegged Stablecoin, $cNGN, Goes Live on Local Nigerian Exchanges
The compliant Nigerian Naira stablecoin, cNGN, is now live on licensed exchanges. Launched in February 2025, it is Africa’s first regulated stablecoin, ensuring trade efficiency and interoperability while adhering to Nigerian SEC regulations.
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CALL FOR APPLICATIONS | Leading South African Exchange, VALR, Seeking a Country Manager for Kenya
The job requires a senior leader with 8 years in financial services, knowledge of Kenyan regulations, strong P&L management skills, and team-building experience. Responsibilities focus on market entry, compliance, growth strategy, and stakeholder relations in Kenya.
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资金 | PayCrest 在种子轮融资中筹集超过40万美元,用于构建去中心化稳定币——法币结算基础设施
PayCrest,一家尼日利亚的稳定币初创公司,在从试验阶段迈向生产规模执行的预种子轮融资中筹集了404,000美元。
本轮融资吸引了以下机构的参与:
Hashed Emergent
StarkWare
LAVA
Microtraction,和
Sunny Side Venture Partners,
以及一个
STRK3.94%
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FUNDING | South African Fintech, Omnisient, Secures $7.5 Million After Crossing 160 Million Users
Omnisient, a South African fintech startup, secured a $7.5 million investment from Arise to enhance its privacy-preserving data platform, fostering financial inclusion by aiding credit assessments for underserved individuals.
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PARTNERSHIP | Plateau State in Nigeria Enters Partnership with Algorand to Explore Blockchain Use Cases
The Plateau State government in Nigeria has partnered with the Algorand Foundation to explore blockchain technology applications, aiming for increased efficiency and economic opportunities. Initiatives will include pilot programs and workshops to educate software developers and creatives.
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ALGO6.1%
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REGULATION | All Crypto Apps Targeting South Africans Must Be Registered with the Financial Intelligence Centre, Says Updated Google Play Policy
Google Play's updated policy mandates crypto app developers targeting South Africa to prove compliance with local regulations, including registration with the FIC and adherence to AML/KYC standards. Failure to comply may lead to the removal of apps from the platform.
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MILESTONE | M-PESA Now Has Over 90,000 Developers Building Mobile Money Integrations on the Platform
Safaricom's M-PESA platform reached 34 million users in Kenya, marking a 1.5% growth in one month due to increased developer integrations and new financial products like M-PESA Ratiba. The company aims for 100,000 developers by 2025 amidst rising competition.
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PRESS RELEASE | Flutterwave Collaborates with Polygon as an Infrastructure Partner for Stablecoin Payments Across Africa
At Flutterwave, from day one we set out with a singular mission: to connect Africa to the world and the world back to Africa. We believed that cross-border payments shouldn’t be a headache. They should be seamless. They should empower multinationals to expand across emerging markets. They should
USDC-0.02%
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Modus Expands to Africa with $75 Million Fund to Invest in Early Stage Blockchain and AI Startups
Modus, a venture platform operating in the Middle East and North Africa (MENA), has announced the launch of Modus Africa – a $75 million SDG-focused VC fund that will invest in Africa’s boldest startups powered by AI and blockchain technologies.
The new fund will close in Q1 2023 and will invest in
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FINTECH AFRICA | Leading African Fintech, M-KOPA, Surpasses 5 Million Customers, Unlocking $1.5 Billion in Credit Across 5 Markets
M-KOPA, a leading emerging market fintech, announced that it has surpassed 5 million customers across Kenya, Uganda, Nigeria, Ghana and South Africa.
Two million of these customers have come onboard in the past 15 months.
M-KOPA’s innovative model makes affordable smartphones embedded with
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FUNDING | London-based African Remittance Platform, Zazuu, Shuts Down Due to Lack of Funding
Zazuu, a London fintech focused on African remittance, has shut down after raising over $2 million due to insufficient funding, despite exploring all options.
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