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African Crypto Exchange Raises US$15M From Square, Coinbase and More

Cryptocurrency exchange Yellow Card, which has a pan-African presence, has secured US$15 million in a Series A round. This is the largest ever funding round to have been raised by an African crypto exchange, a statement from the company said.

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MEA Fintech Weekly News: Dubai Gets Regulatory Nod for Crypto Trading

In last week’s MEA fintech news, it’s all eyes on crypto trading in the UAE – approvals for crypto trading at a Dubai-based free zone make their way through, while BitOasis registers on an anti-money laundering system in the country.

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MEA Fintech Weekly News: Melio’s Valuation Soars After US$250M Funding

In last week’s MEA fintech news, we saw US-Israeli fintech startup Melio raise a quarter billion dollars at a hefty valuation, while another US-Israeli fintech company Pagaya announced its SPAC listing. Elsewhere, Nigeria emerged the top funded fintech hub in

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Africa Fintech Weekly News Digest: Funding Receives US$1B Boost, While Flutterwave Dominates Headlines

Funding rounds made a splash in Africa fintech news last week. African fintech startups Wave, Pezesha and Prospa all raised funding, along with a mega round by Egyptian startup MNT-Halan. The funding news came amidst a new report highlighting that

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Your Weekly Africa Fintech News Digest 30.Aug- 6.Sept

In last week’s Africa fintech news, Australian BNPL firm Zip broadened its global expansion plans with the acquisition of South African BNPL startup Payflex. Zip already owned 25% of Payflex from a deal six months ago (TechCrunch). Zip snapped up

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Mobile Money Fintech pawaPay Hauls US$9 Million Seed Funding

London-based payments company pawaPay, which focuses on the Africa market, has raised US$9 million in a seed round, according to an announcement. China’s MSA Capital and UK-based 88mph led the round. Participating investors included Vunani Capital, Kepple Ventures and Zagadat

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SoftBank’s US$400 Million Africa Bet: Your Weekly Africa Fintech News Digest

In the biggest headline of Africa fintech news last week, Nigerian mobile payments platform OPay raised a staggering US$400 million towards expansion. A number of illustrious global investors were involved in a round that gave Africa its fifth unicorn. The

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8 African Startups Accepted Into 2021 GreenHouse Lab Fintech Accelerator

GreenHouse Lab has inducted eight African fintech companies into the 2021 GHL Fintech Accelerator program. GreenHouse Lab (GHL) is the Fintech accelerator by African fintech investment fund and platform GreenHouse Capital’s (GHC) The six-week program is already underway, with corporate

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Frozen Bank Accounts and Leaked Bills: Your Weekly Africa Fintech News Digest

Last week was a big one for Africa fintech news, especially in Nigeria. The country’s fintech sector made it to the headlines, not once but twice. And both times were pretty scandalous. Meanwhile, the wider Africa fintech ecosystem also saw

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Africa-Focused Fintech Pngme Gathers US$15 Million Series A

Africa-focused fintech Pngme has secured US$15 million in Series A round of funding, the San Francisco- and Sub-Saharan Africa-based company has announced. The funding comes within a year of the startup’s US$3 million seed round. London-based VC fund Octopus Ventures

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