Fintech companies often deliver exceptional user experiences but are hindered by traditional financial infrastructures that are siloed, sluggish, costly, and inflexible. In contrast, decentralized finance (DeFi) offers rapid, cost-effective, and interoperable infrastructure but lacks mainstream

In a major nod to Africa’s rising crypto innovation scene, Circle has awarded grants to five African blockchain projects in the fourth cohort of its USDC Developer Grants Program. The announcement marks the region’s best performance yet in the program, which has now funded over 60 teams globally sin

Flutterwave CEO Agboola Olubenga is in Kenya to address the freezing of his company's funds, seeking to lift an embargo imposed by the Central Bank due to licensing issues. Despite past allegations of money laundering, recent investigations cleared the company.

Google has announced its 2024 Accelerator Africa Cohort, featuring ten startups selected from nearly 1,000 applications. These startups will receive mentorship, technical workshops, and resources for growth and funding from Google.

The Central African Republic launched its Sango Crypto Hub, highlighted by President Touadéra's plans for a cryptocurrency economy using Sango Coin, which will enhance access to natural resources and promote financial inclusion through blockchain technology.

The Open Network (TON) has launched a $25 million fund through its TON Accelerator Program to support DeFi projects. This funding will focus on projects with MVPs from a recent hackathon, offering investment and mentorship to enhance development.

Chimoney, a payment solutions provider, has acquired the Nigerian app Scrim, enhancing its features for a relaunch in December 2023. The upgrade will enable users to send and receive money via social media, improving access to global payments.

The Central Bank of Kenya is reintroducing charges for mobile wallet and bank account transactions, effective January 1, 2023, after a pandemic-related waiver. New rates will be lower than previous levels, promoting sustainable growth in mobile money usage.

Leading Nigerian fintech, MoniePoint, has raised $110 million in Series C funding led by Development Partners International’s African Development Partners (ADP) III fund to accelerate its growth across Africa.
Other participants in the round include:
African private equity firm Verod Capital,

The sixth CV Labs accelerator cohort features eight ventures from diverse regions, including Africa, focusing on traditional industries and Web3. Participants receive funding, mentorship, and tailored growth strategies from leading protocols.

The Digital Currency Group (DCG), a powerhouse in the crypto and blockchain investment space, has significantly ramped up its activity in Africa. In 2024 alone, the US-based firm closed 12 new deals, reinforcing its commitment to the continent’s rapidly evolving fintech, AI, and blockchain