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REGULATION | VALR Receives Category 1&2 Licenses from South African Financial Watchdog, FSCA, as a Crypto Asset Service Provider
VALR, a crypto exchange in South Africa, has received Category I and II licenses from the FSCA, making it one of the first regulated crypto asset platforms in the country. This approval enhances customer protection and regulatory compliance, promoting trust in the crypto industry.
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FINTECH AFRICA | Nigerian Fintech, Opay, Valuation Increases By 30% After 4x User Growth and 60% Revenue Increase Since Series C Round in 2021
Nigerian fintech startup Opay has seen a 30% increase in valuation, reaching $2.7 billion since its 2021 Series C funding round. Its services and agent banking model significantly boosted its user base and revenue in 2023, aided by a currency shortage in Nigeria.
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PRESS RELEASE | VISA Direct Taps Stablecoins to Unlock Faster Funding for Businesses
VISA will launch a stablecoin pre-funding pilot through Visa Direct at SIBOS 2025, enhancing global cross-border payments by offering faster, smarter liquidity and modernizing treasury operations for businesses.
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Nigeria’s Crypto-Friendly Fintech, BridgeCard, Among 3 Latest African Entrants into Y-Combinator
BridgeCard, cofondée par Owumi Festus et Tunde Adewole, est une application fintech qui regroupe les comptes financiers des utilisateurs pour des transactions fluides. Sélectionnée pour la promotion S22 de Y Combinator, elle a levé 440 000 $ pour améliorer sa plateforme et sa base d'utilisateurs.
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STARTUPS | a16z Crypto Startup Accelerator (CSX) to Kick Off With 25 Startups from All Over the World But Africa
a16z’s Crypto Startup Accelerator (CSX) Spring 2024 program is set to kick off this week in London, marking the beginning of an intensive 10-week journey for 25 promising early-stage startups in the crypto space, the company said in a blog post.
The startups were selected from a highly
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PRÉSENTATION | L'Éthiopie lance EthioPay, un système de paiement instantané national
L'Éthiopie a lancé sa Stratégie Nationale de Paiement Numérique et le système EthioPay pour améliorer la finance numérique et faciliter le commerce dans le cadre de la ZLECAf. Cette initiative vise à renforcer l'inclusion financière et à réduire les barrières pour les groupes sous-servis.
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YellowCard Granted a Virtual Assets Service Provider (VASP) License in Botswana – The First in Africa
YellowCard has received a Virtual Asset Provider license in Botswana, marking a significant milestone as the first licensed crypto exchange in Africa. This follows a $40 million Series B fundraiser, indicating strong growth and future potential in the region's cryptocurrency market.
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FUNDING | South African Payments Infrastructure Fintech, Stitch, Raises $55 Million in Series B Round to Boost Product Catalogue
South African payments infrastructure startup, Stitch, has secured $55 million in a Series B funding round. This brings its total capital raised to $107 million in under four years.
The new funds will support the expansion of its in-person payment solutions, enhance its online payments platform, an
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Africa-Focused Verification Platform, Smile Identity, Raises $20 Million After Doubling Customer Base and Tripling Revenue
Smile Identity, one of the leading providers of digital identity verification solutions for Africa, has announced that it has secured $20 million in Series B funding.
The round was Co-led by:
Costanoa and
Norrsken22
with additional new investments from:
Commerce
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FINTECH AFRICA | Nigerian Fintechs, Accelerex and ITEX, Go Onchain with Zone’s Regulated Blockchain Network
Nigeria's fintech firms Accelerex and ITEX have integrated with Zone's regulated blockchain payment infrastructure, enhancing transaction efficiency, security, and compliance while addressing challenges like fraud and delays in the country's POS ecosystem.
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Bitcoin-Focussed Initiative, B-Trust, Appoints Nigerian CEO to Lead Global Bitcoin Development
Months after launching a global search for its first Chief Executive Officer, nonprofit Bitcoin development fund Btrust has officially appointed Abubakar Nur Khalil, a Nigerian Bitcoin Core contributor and advocate for open-source development, as CEO.
The November 2025 appointment follows a
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Mozambique’s Empowa Raises Over $600,000 from Cardano After NSE Proposes Tokenization Solution for Kenya’s Housing Market
Empowa, a Mozambican startup, secured ₳1,835,000 from the Cardano community to create RWA tokens aimed at affordable housing. Collaborating with Kenya's NSE, the project targets the informal market facing mortgage challenges.
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