BitKE

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.

Google has unveiled its 2024 Google for Startups Accelerator Africa Cohort, selecting ten startups from nearly 1,000 applicants across Kenya, Nigeria, Rwanda, and South Africa. The program offers mentorship and resources for growth from July to September 2024.

A 2024 research paper evaluates the early impacts of CBDC adoption on macroeconomic indicators and subjective well-being, finding limited effects on GDP growth and inflation despite substantial enthusiasm for CBDCs.