BitKE

Nigerian fintech startup, Mono, has partnered MasterCard to introduce account-to-account (A2A) payments and a suite of other open banking products, powered by MasterCard Gateway.
Established in August 2020, Mono is a company specializing in open banking infrastructure, facilitating secure access to

Tether CEO, Paolo Ardoino, says that the recent growth of the USDT stablecoin is primarily fueled by its adoption in emerging markets as an alternative to the U.S. dollar rather than by demand for cryptocurrency trading.
Tether issues a stablecoin, also called Tether or USDT, which is designed to m

The Milken Institute and the Motsepe Foundation recently announced the 10 semi – finalist teams advancing to the Semi-finals Round of the Milken-Motsepe Prize in Fintech, with each team receiving $100,000 in funding.
According to a press release, the prize supports innovative solutions to expand ac

In recent years, the venture capital (VC) scene in Africa has seen a notable shift, particularly in the fields of agritech and climate tech.
The journey of Rhea, a Kenyan agritech startup that focuses on soil health, illustrates this transformation vividly.
Founded in 2022 by Priscillah Wakerera a

Luno, the global crypto exchange from South Africa, plans to implement staff cuts by 35%, an internal memo reveals.
According to the memo, CEO, Marcus Swanepoel, told employees the cuts would be implemented across all of Luno’s markets, in its plan to navigate the crypto winter.
Headquartered in L

South African fintech startup, Omnisient, has announced a $7.5 million investment from Arise, a company that invests in African financial service providers and fintech opportunities across the continent.
Founded in December 2019, Omnisient is a privacy-preserving data collaboration and insights

Flutterwave, the leading unicorn in Africa, has announced its successful acquisition of money transfer licenses for 13 U.S. states.
According to the compnay, this is a strategic move geared towards enabling faster, more cost-effective, and secure money transfers between the United States and Africa

The Central Bank of Ghana (BoG) is calling on innovators to apply to join the first cohort of its regulatory sandbox between February 13 – March 14 2023.

According to the apex bank, all innovators are invited to apply, in particular, Financial Service Providers (FSPs) listed below:
Banks

Tether has engaged KPMG to conduct its first full independent financial audit, marking a major step toward greater transparency for the world’s largest stablecoin issuer, according to multiple reports.
The long-awaited audit will cover the company’s balance sheet, including
reserves backing its

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

The Financial Sector Conduct Authority (FSCA) has opened a probe into ‘possible contraventions of financial sector laws by Banxso,’ an online trading platform.
In a press release published by local outlets, FSCA noted that Banxso (Pty) Ltd (Banxso) is authorised by the FSCA as a Category I financia

MetaMask has added a non-fungible token compatibility to its browser extension service making it easier and more secure to trade these unique assets.
In a Twitter post, MetaMask said ERC-721 and 1155 tokens should appear in its latest extension version as long as automatic NFT detection is

Moroccan startup, ORA Technologies, has raised $1.9 million in a pre-Series A funding round, with local investment firms,
Witamax and
Azur Innovation Management
leading the investment.
ORA Technologies has now raised a total of $4.4 million since its launch in 2023, highlighting the growing

Watu Holdings, a Kenyan buy-now-pay-later (BNPL) startup, reported a steep 84% decline in profit to $1.2 million (KES 157 million) for the year 2024, according to filings by Car & General, which owns a 29% stake in the company. The drop from $7.6 million (KES 985 million) in 2023 highlights