Category: News

Shaping the Future of Fintech
Shaping the Future of Fintech
Shaping the Future of Fintech – Keynote at Africa Tech Summit Nairobi 2025 by Shehryar Ali – Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard. In this dynamic keynote, Shehryar Ali shares insights and innovations shaping the future of fintech, particularly in East Africa and the Kenyan market....
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Verto Launches New Bill Pay Feature for Global Businesses
Verto Launches New Bill Pay Feature for Global Businesses

Verto, a leading global B2B payments platform,  announced the launch of a new accounts payable solution designed to significantly reduce the time, cost, and complexity of managing international business payments. Integrated into the Verto Accounts product, the feature directly addresses the inefficiencies and risks inherent in manual invoice processing, enabling finance teams to streamline operations…

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Visa Backs 22 African Startups in New Cohort to Power Fintech Growth and Inclusion

Visa has announced 22 participating startups for the fourth cohort (Cohort 4) of its program, spanning 12 countries. These startups aim is to tackle challenges in Africa’s fintech sector and promote financial inclusion and digital growth. They provide solutions in Small and Medium Business (SMB) digitization, lending, cross-border payments, payroll, business-to-business (B2B) payments, AI-powered payments,…

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HoneyCoin Raises $4.9M to Transform Stablecoin-Powered Payments Across Africa and Global Markets
HoneyCoin Raises $4.9M to Transform Stablecoin-Powered Payments Across Africa and Global Markets

HoneyCoin, a transformative global payment orchestration platform, announced a $4.9 million funding round led by the global venture firm Flourish Ventures. Flourish is joined by a dynamic mix of regional and global investors: Visa Ventures, TLcom Capital, Stellar Development Foundation, Lava, Musha Ventures, 4DX Ventures, and Antler. The new capital will accelerate the scale of…

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Luno Lists 44 Tokenised Blue-Chip US Stocks
Luno Lists 44 Tokenised Blue-Chip US Stocks

South Africa’s leading crypto platform Luno has launched tokenised stocks and ETFs, offering South Africans easy access to 61 of the world’s most valuable US-listed companies and indices (44 available today, with the remainder launching shortly). Users can invest directly using rands through the Luno app without transferring funds offshore, having to use a complicated…

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Lipaworld Brings Stablecoin-Powered Finance To South Africa’s Informal Economy
Lipaworld Brings Stablecoin-Powered Finance To South Africa’s Informal Economy

As stablecoins gain global traction for their role in transforming cross-border payments, Lipaworld is helping bring this technology into everyday use across Africa. The venture-backed fintech platform has entered the South African market to support freelancers, immigrants, and informal businesses with faster, safer alternatives to conventional banking and remittance systems. Unlike speculative crypto products, stablecoins…

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Africa’s FinTech Frontier: Payments & Growth Opportunities
Africa’s FinTech Frontier: Payments & Growth Opportunities – panel at Africa Tech Summit Nairobi 2025 with views and insights from Didi Uwemakpan – VP at Moniepoint, Adesoji Solanke – Head of FinTech & Banks, Investment Banking Origination at Absa, Shay Hamilton – CEO at Tola, Saruni Maina – Associate VP at Flutterwave and moderated by...
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TBD, part of Block, which is focused on creating open and decentralized technologies to connect the financial world, today announces that leading African fintech Chipper Cash has integrated with the tbDEX protocol to power cross border payments and decentralized identity use cases for individuals and businesses on the African continent. “Across Africa, the challenges of currency liquidity and access to global financial systems are palpable,” said Mike Brock, CEO of TBD. “For these reasons, we are laser focused on building out the tbDEX ecosystem in Africa, which already includes Yellowcard, the largest and only licensed stablecoin on/off ramp on the African continent. Fast on the heels of our tbDEX SDK 1.0 release, adding Chipper Cash to our growing network will help to accelerate our work on global cross border payments and decentralized identity.” Chipper Cash extends the power of tbDEX across Africa As one of the largest fintechs in Africa, Chipper Cash already allows 5 million consumers to move money efficiently to over 21 African countries. And with over 1.2 million cards issued, Chipper’s integration represents the onboarding of one of the largest virtual card issuers in Africa. “At Chipper Cash, we're excited about the potential of tbDEX to revolutionize remittance flows into Africa,” said Maijid Moujaled, President and Co-Founder of Chipper Cash. “Remittances are a lifeline for many African families, but the costs of sending money to the continent remain among the highest globally. By plugging into an open protocol like tbDEX with numerous network participants, we believe we can, collectively as an industry, drive down these high costs and facilitate remittances in a more efficient, transparent, and compliant manner.” Accelerating the path to financial inclusion for small businesses While the initial collaboration will focus on enabling faster and less expensive consumer remittances, the two companies will also explore ways to empower small businesses. Chipper’s offerings for businesses already enable local and cross-border digital payments for underbanked SMEs across 40 different African countries, powering disbursements and collections from bank accounts, mobile money wallets and Chipper wallets. Leveraging verifiable credentials and decentralized identifiers to enable trust Chipper Cash will also leverage tbDEX to unlock trusted, compliant transactions with verifiable credentials (VCs) and decentralized identifiers (DIDs) in order to accelerate the onboarding and identity verification of consumers and small businesses. “Chipper is also excited to collaborate with TBD on the trust frameworks and innovative credential designs that underpin every financial transaction on tbDEX,” Moujaled said. “The idea that we can have a standardized and streamlined way to verify our identity on the internet can help make the world feel a bit more inclusive.”
TBD Expands in Africa, Adding Chipper Cash to Growing tbDEX Ecosystem

TBD, part of Block, which is focused on creating open and decentralized technologies to connect the financial world, today announces that leading African fintech Chipper Cash has integrated with the tbDEX protocol to power cross border payments and decentralized identity use cases for individuals and businesses on the African continent. “Across Africa, the challenges of…

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Africa Tech Summit London Announces 15 Ventures for the 2024 Investment Showcase at London Stock Exchange on June 7th
Africa Tech Summit London Announces 15 Ventures for the 2024 Investment Showcase at London Stock Exchange on June 7th

Africa Tech Summit (ATS) London will celebrate the eighth edition at the London Stock Exchange on June 7th, 2024, and is thrilled to announce the 15 tech ventures that will join the ATS Investment Showcase 2024. The ATS London Investment Showcase provides ventures with the opportunity to present their businesses to leading African tech investors, corporates,…

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Number of first-time crypto buyers in SA soars There was an increase of over 43% in the number of first-time crypto buyers in South Africa on Luno in March 2024. At the same time, Bitcoin posted a new all-time high and other cryptos rallied to multi-year highs. Says De Wit, “Research indicates that investors are open to crypto investments if recommended by financial advisors. Many advisors have seen a lack of regulation as a barrier to entry. With FSCA licensing, the asset class should attract the attention of more sophisticated investors that are offered professional and responsible advice.” Africa is primed to lead the decentralised revolution Crypto asset class about to take off in South Africa as the sector becomes licensed and regulated
Crypto Asset Class About to Take Off in South Africa as the Sector Becomes Licensed and regulated

Cryptocurrencies currently form a small portion of total investment capital in South Africa managed by fund managers, wealth managers and financial advisors. However, the recent approval by the Financial Sector Conduct Authority (FSCA) of several financial service provider licences could change this. This is one of the key issues explored in a new report by…

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