UmrahCash, a fintech startup based in Kano, Nigeria, has successfully raised $500,000 in funding from Adaverse, a Cardano-focussed Web3 investments firm and accelerator in Africa. The company aims to address…
Ethiopia and China have formalized a currency swap agreement, enabling trade between the Ethiopian Birr and the Chinese Yuan. This significant move, announced by Finance Minister Ahmed Shide, aims to…
Pan African fintech, Flutterwave, has announced that its flagship remittance product, Send App, has launched commercially in Malawi. According to Flutterwave, Send App lets users make instant money transfers to…
The Central Bank of Nigeria (CBN) has pledged more measures to jumpstart the low adoption of its digital currency, the eNaira. The move comes after Zimbabwe recently ordered that all…
Egyptian B2B fintech, SETTLE, has raised a $2 million pre-seed round and is looking to accelerate its transition into the global market and further develop its platform with a focus…
Stablecoins are increasingly finding adoption for non-crypto activities, in contrast to their original use-case as a bridge to crypto-assets. Stablecoin transaction volume from Visa’s Onchain Analytics platform According to one…
Regfyl, a Nigerian digital identity verification and fraud detection startup, has raised $1.1 million in a pre-seed funding round. Established in 2023 by Tunde Ibidapo-Obe and Tomiwa Erinosho, Regfyl has…
RubyX, a lending startup in Senegal, has received UR400,000 ($440,000) from Proparco, a French development finance institution. The loan was facilitated by Bridge by Digital program which is backed by…
The Human Rights Foundation (HRF) has announced its most recent round of Bitcoin Development Fund grants. According to the organization, 20 different projects from all over the world have begun…
Cryptocurrencies have become an integral part of the financial world in recent years. The European Union, recognizing this fact, has developed a comprehensive regulatory framework called Markets in Crypto-Assets (MiCA),…