BitKE

Kenyan fintechs M-PESA and Pezesha are launching Mkopo wa Pochi, a credit service for small business owners to borrow through M-PESA accounts. Available from June 2024, it aims to utilize both firms' strengths, offering quick loans with flexible terms and a credit assessment process.

Agent Banking Company (ABC), a Ugandan fintech, has received an undisclosed investment from Goodwell Investments.
The investment, derived from Goodwell’s €150 million uMunthu II Fund, will help ABC expand its client base, increase agent coverage, and introduce new services. uMunthu II Fund

Tunisia is set to witness the first Hedera hackathon which will take place between Janauary 26-28 2024.
The hackathon is a collaborative effort between the following entities:
Dar Blockchain – Tunisian Web3 company and a pionner of the blockchain space in the country
The Hashgraph Association (H

Depuis des années, les blockchains à usage général sont présentées comme des plateformes capables de prendre en charge presque toutes les applications. Mais à mesure que l'adoption dépasse les expérimentations pour entrer dans de véritables industries, des fissures commencent à apparaître. En pratique, les blockchains dites « universelles » ont de plus en plus de mal à répondre aux besoins.

PayStack, the Nigerian fintech acquired by Stripe in 2020 for $200 million, is reportedly laying off 33 workers in Europe and the United Arab Emirates (UAE).

Flutterwave has acquired money transfer licenses in 13 U.S. states, enhancing its ability to facilitate secure, cost-effective money transfers between the U.S. and Africa. This strategic move expands its reach to 29 states, supporting the African diaspora. The company is also expanding globally, having acquired additional licenses in Africa and launched services in India.

Munify, a fintech startup backed by Y Combinator, has secured $3 million in seed funding to enhance Egypt's remittance services, targeting faster and cheaper cross-border transfers. With the growing remittance market and over 10 million Egyptians abroad, Munify aims to improve financial inclusion and cater to both individual and enterprise clients. The funding will facilitate team scaling and regulatory partnerships, supporting future expansion into Gulf, Europe, and the UK.

Nigerian fintech Billboxx has raised $1.6 million in pre-seed funding to address cash flow issues for SMEs in Africa through its integrated billing-to-payment platform, streamlining invoicing and enhancing payment efficiency.

EtherMail is a Web3 email platform offering anonymous, encrypted wallet-to-wallet communication. It enables businesses to engage asset holders with real-time data while rewarding users for reading. Following MailChimp's withdrawal from the blockchain sector, EtherMail aims to enhance secure communication and mitigate phishing risks.

Western Union plans to roll out a ‘stable card’ aimed at consumers in high-inflation economies – part of a broader stablecoin and digital-asset strategy.
Speaking at the UBS Global Technology and AI conference, CFO Matthew Cagwin said this initiative builds on earlier announcements that Western Uni

Pan-African crypto company, Mara, which made headlines when it raised $23 million in one of the biggest Web3 raises on the continent, has laid off approximately 85% of its employees and implemented salary cuts for remaining employees, a new report alleges.
Quoting a source within the company, the r

Ethereum awarded $12.8 million in grants to 75 projects in Q3, including five companies from Africa, to enhance its ecosystem. Notable projects include training programs and workshops in Kenya, Rwanda, and Nigeria.