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Blockchain Venture Funding, Crypto Adoption Skyrocket in Africa
Africa is emerging into one of the world’s fastest-growing cryptocurrency markets, driven by strong funding activity, favorable market conditions, and booming trading volumes, according to a new report by Swiss blockchain-focused investment firm CV VC. Released earlier this month, the
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6 Fintech Soonicorns with African Origins
2021 was a blockbuster year for investment in African fintech startups, with a whopping US$1.6 billion invested across 153 deals. The figures represent two times the value of 2020 (US$800 million), and a 50% increase in transaction numbers, data from
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African Fintech Startups Raised New Record of US$2B in 2021
In 2021, African fintech startups raised a new all-time high of US$2 billion, surpassing the previous record of US$773 million raised in 2018 by 159% and overshadowing 2020’s figure of US$230 million by a staggering X8, new data from Crunchbase
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Pipit Global Expands to 12 African Markets With Cellulant
UK-headquartered global cash payments platform Pipit Global and pan-African payments company Cellulant have extended their partnership agreement to include eighteen new countries in Sub-Saharan Africa. Through the partnership, the two companies will provide both B2B and B2C payments services to
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Fintech Digest: Mubadala Remains Optimistic About Crypto Investments
Abu Dhabi’s sovereign wealth fund Mubadala has made investments in the crypto ecosystem amidst its growing value, Reuters reported. “This is a business that had, what $200 billion worth of crypto value two years ago, and it’s two and a
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Watch Out for These 5 Fintech Events in Africa in H1 2022
Fintech events in Africa can be centres of crucial conversation, considering the traction that the sector has gained in the continent just in the past year. In many ways, the development of the fintech industry across the African continent represents
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Fintech Digest: South Africa Gears up for New Crypto Regulatory Framework
South Africa will be launching a new regulatory framework for cryptocurrencies in early 2022 (Bitcoin.com). The country’s Financial Sector Conduct Authority (FSCA) announced that it would be unveiling a crypto regulatory framework for the trading of crypto coins. “What we
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Fintech Digest: Saudi Arabia’s Fintech Space Grows With 16 New Licenses
Saudi Arabia’s fintech sector has broadened, with licenses issued to 16 new fintech companies during the third quarter of this year (Zawya). According to the Saudi Central Bank governor, 13 of these companies come from the payments and electronic wallets
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7 Africa-Based Crypto Exchanges You Should Know
As good news for Africa-based crypto exchanges, crypto has emerged as one of the top fintech trends across Africa this year despite wide regulatory disapproval of the trading of these currencies. Kenya, Nigeria, Togo, South Africa, Ghana, Tanzania emerged as
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Fintech Digest: 90% Of Nigeria’s Startup Funding Came From Fintech
Nigeria’s startup funding reached approximately US$417.5 million in nine months, and a lion’s share of this came from fintech (Punch). The funding total already beats the US$300 million these companies raised last year (fintech companies dominated Nigeria’s startup funding in
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