BitKE

Paystack has led a consortium to acquire the struggling Nigerian fintech company Brass, enhancing its growth potential with experienced investors. Brass, founded in 2020, focuses on providing financial products for businesses and has seen rapid growth.

EchoVC, a venture capital firm headquartered in Lagos, Nigeria, has announced its maiden blockchain fund ‘EchoVC Chain,’ with a budget of $8 million. The fund is being piloted to support under-represented founders and under-served markets.
“Over the past few years at EchoVC, we have become

LoftyInc Capital has launched the $43 million LoftyInc Alpha Fund to support late-seed tech startups in Africa, addressing capital shortages and focusing on sectors like financial services and healthcare. The fund has drawn investments from diverse global and regional sources, enhancing Africa's entrepreneurial landscape.

Aella Credit has rebranded as Aella Microfinance Bank to enhance financial services in Nigeria. Founded in 2015, it aims for innovation and inclusivity, providing accessible loans and banking services while ensuring user security and compliance with regulations.

VISA has announced an exciting cohort of 22 innovative startups chosen for its 4th Africa Fintech Accelerator—a signal of rising momentum in the continent’s fintech ecosystem.
Launched in 2023, this 12-week virtual accelerator is part of VISA’s broader commitment to invest $1 billion in Africa

The financial sector is undergoing a pivotal transformation. While digital financial services have revolutionized accessibility and convenience, they have also introduced challenges such as regulatory uncertainty, inefficiencies in cross-border transactions, fraud risks, and high costs that still li

Nigerian digital bank Carbon will resume card issuance in November 2024 after a six-month suspension, citing improvements in its system and customer demand. CEO Ngozie Dozie questioned card strategies amid rising costs, as Verve cards gain popularity.

Welcome to the wild world of DeFi, where liquidity is the lifeblood, and Uniswap V3 is the latest evolution in decentralized trading.
If you’ve ever dipped your toes into the DeFi pool, you know it can be a bit overwhelming. But with Uniswap V3, you’re about to become the Michael Phelps of liquidit

Western Union, a global leader in money transfers, is now integrating stablecoins and blockchain technology to modernize its cross-border payment infrastructure.

Speaking in an interview with Bloomberg, Western Union’s CEO, Devin McGranahan, revealed that the company is actively actively

Circle has announced a significant milestone for the $USDC stablecoin, and for the future of stablecoin-powered payments.
What began as a concept is now live – with the first transactions already processed on the Circle Payments Network (CPN), it’s officially a reality.
Cross-border payments

Opera's payment platform, MiniPay, has exceeded 1 million users in Nigeria, Kenya, and Ghana within 5 months of its launch. Integrated into the Opera Mini browser, MiniPay allows low-cost, instant stablecoin transfers on mobile devices, backed by Google Drive for key management.

VISA has launched the VISA Tokenized Asset Platform (VTAP), enabling banks to issue and manage fiat-backed tokens on blockchains. The platform offers a sandbox for development, supports minting and transferring tokens, and aims for interoperability across blockchains.