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FINTECH AFRICA | Nigerian Investment Fintech, Risevest, Acquires Hisa, a Kenyan Investment Fintech Startup
Kenyan investment app Hisa has been acquired by Nigerian company Risevest. Hisa will retain its name and staff, with co-founder Eric Asuma becoming a strategy advisor and Eric Jackson returning as CTO.
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REGULATION | Western Union Signals Strong Move to Offer Crypto Services
Western Union has filed a trademark application for “WUUSD”, signaling a strong move toward digital assets and blockchain-based payment services.
According to the filing, the ‘WUUSD’ trademark covers a wide range of crypto-related activities including:
Digital wallet management
Crypto trading
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SOL-3,11%
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FUNDING | South African Fintech, Lesaka, Acquires the Country’s Leading Independent Payments Processor, Adumo, in $85.9 Million Deal
South African fintech firm, Lesaka, which is listed on the Johannesburg Stock Exchange (JSE) and NASDAQ, has acquired Adumo for ZAR1.59 billion ($85.9 million), pending approval from shareholders and regulators.
Adumo, South Africa’s leading independent payments processor, supports around 23,000 ac
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Meta Reportedly Working on a Decentralized Social App, Codenamed P92, that Could Rival Twitter
Meta is developing a new text-based app, code-named P92, leveraging the ActivityPub protocol to compete with Twitter and Mastodon. It will allow Instagram logins and include features like user bios, verification badges, and tappable links.
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LIST | Chumz (Kenya), Oze (Ghana) and Verto (UK) Revealed as Finalists of Milken-Motsepe 2025 Fintech Prize
The Milken Institute and Motsepe Foundation have named three finalist teams for the $2 million Milken-Motsepe Fintech Prize, which encourages financial inclusion for small businesses in emerging markets. Finalists will present their innovative solutions at the 2025 Global Conference in Los Angeles.
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World Mobile to Roll Out Decentralized Wireless Mobile Technology After Successful Tests in Kenya, Mozambique, Nigeria
World Mobile has successfully tested its decentralized wireless technology in Kenya, Mozambique, and Nigeria, moving closer to widespread deployment in Africa. Using TV white space and Starlink, it aims to provide affordable internet access to underserved areas, building on its earlier commercial launch in Zanzibar.
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REGULATION | Brij Fintech Begins Pilot for B2B Currency Swap Platform Between Kenya, Ghana, and Nigerian Currencies Under the Bank of Ghana Regulatory Sandbox
Brij Fintech Ghana has launched a six-month pilot of its BrijX B2B Currency Swap Platform, allowing direct currency swaps between the Ghanaian Cedi and Nigerian Naira. Regulated by the Bank of Ghana, the platform aims to enhance intra-African trade and financial inclusion through partnerships.
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WEST AFRICA | The Gambia Signs Deal to Build Gambia One, a Blockchain-Powered Digital Public Infrastructure
The Gambia is collaborating with the Kalp Foundation to create Gambia One, a blockchain-powered digital public infrastructure. This initiative aims to enhance digital services, empower youth, and promote inclusivity while setting a global benchmark in digital transformation.
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PARTNERSHIP | Conflux Network and China Mobile’s Mingu Debut World’s First Blockchain-Based Video Ringtone
Conflux Network, China’s only regulatory-compliant public blockchain, is teaming up with China Mobile, the nation’s largest telecom provider boasting over 1 billion monthly users. This strategic alliance aims to revolutionize digital collections via Migu, China Mobile’s digital content division.
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REPORT | 97% of All MemeCoins Created Have Died, More than 2,000 Die Daily in 2024, Says New Report
A report reveals that 97% of memecoins fail, with an average lifespan of one year. The high turnover rate reveals their speculative nature, with over half deemed malicious, highlighting risks for investors and a cautious media stance.
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Q&A | How Africa-Focussed Stablecoin Liquidity Provider, MANSA Finance, Grew Over 37% MoM in 6 Months – A Chat with CEO, MANSA Finance
MANSA Finance, a Dubai-headquartered Africa-focussed liquidity platform for payment companies, raised a combined $10 million in February 2025 — $3 million in equity led by Tether and $7 million in revolving stablecoin credit. It happened after processing $100 million in transactions and
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FUNDING | French VC, Breega, Launches Inaugural $75 Million Fund to Invest in Early-Stage Startups Across Africa
Breega, a French VC firm, has launched its first African fund, Breega Africa Seed I, with $75 million to invest in early-stage startups across Africa. The fund focuses on sustainable innovations in key sectors and has opened offices in Lagos and Cape Town to manage investments.
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LAUNCH | MetaMask to Launch Self-Custody Wallet Debit Cards with MasterCard
MetaMask partners with MasterCard to launch a debit card linking to self-custody wallets, enabling crypto payments globally. The card, issued by Baanx, will facilitate immediate crypto-to-fiat conversions, enhancing financial access for users, especially the unbanked.
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