Your update of all things Africa Money and Defi! Including Proparco, Ecobank Kenya and Balad, Nomba and Fedi raise funding
Africa Money & DeFi Summit
The Africa Money & DeFi Summit connects industry leaders from fintech, crypto and DeFi. Curated by Africa Tech Summit
Call for applications - Africa Tech Summit London Investment Showcase
Africa Tech Summit London has consistently connected leading African tech ventures with global investors in Europe. With an audience of African focused tech investors, you’ll have the opportunity to showcase your venture, network with other entrepreneurs, and learn from industry experts. Deadline approaching, submit today?Read More
Proparco invests $5 million in Egypt’s fintech sector
Proparco, a French development finance institution, has committed $5 million to an early-stage venture capital fund managed by DisrupTech Ventures to boost Egypt's fintech sector and improve access to financial services in the country. Via AppsAfrica Read More
Acasia Ventures leads Balad’s seven-figure pre-Seed round
Two months after sponsoring Blocathon, a hackathon for Web3 designers, crypto Egyptian venture capital firm Acasia Ventures led the USD seven-figure pre-seed investment round in Cairo-based, remittance-focused fintech startup Balad. The round was joined by Launch Africa, Future Africa, V&R, Magic Fund, First Circle, Sunny Side, and several family offices. Via AppsAfrica Read More
Ecobank Kenya launches new digital banking platform targeting Africa’s youth
Ecobank Kenya has announced the launch of the Fingo Africa digital banking app targeting young people in Kenya and across Africa. The app was developed in collaboration between Fingo Africa, a Kenyan Fintech company, and Ecobank. Via AppsAfrica Read more
Nigeria goes blockchain: Policy could impact digital identity
The approval of the National Blockchain Policy for Nigeria has left the nation’s crypto community over the moon as it signals room for more development in the nation’s crypto industry. Some local experts have expressed their opinions about the implications of this new policy and the blockchain ecosystem in Nigeria. Via Cointelegraph?Read more
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Nigeria’s Bitcoin-focussed entity, Fedi, raises $17M in Series A
Fedi, a financial and data technology company founded by Nigerian Bitcoin advocate, Obi Nwosu, has secured $17 million in a Series A funding round and is preparing to launch an alpha version of Fedi for builders later in May 2023.?Via BitcoinKE?Read more
Zone is now Africa’s blockchain company with the fastest growth.
Zone, Africa’s first regulated blockchain network for payments, has been crowned the Financial Times and Statista’s Fastest Growing Companies in Africa category winner. The company is the first blockchain startup in Africa and one of just a handful of Nigerian fintechs to make a list. Via Tech in Africa?Read More
Nomba raises $30M Pre-Series B
Nomba has raised a $30 million Pre-Series B funding round to support the delivery of bespoke payment solutions for African businesses. The oversubscribed equity funding round was led by San Francisco-based Base10 Partners (investors in Nubank, Plaid and Brex), with participation from Helios Digital Ventures, Shopify, Partech and Khosla Ventures. Via AppsAfrica Read more
Nigeria and Morocco among Top 10 globally in 2023 meme coins craze
In Nigeria, Floki and ArbDoge AI captured the highest interest at 24.2% and 20.8% respectively. Dogelon Mars generated 17.4% of Nigera’s interest in meme coins despite receiving limited interest share elsewhere.?Via BitcoinKE?Read more
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