Category: Press Release

Mobile Money Surpasses Two Billion Registered Accounts and Over Half a Billion Monthly Active Users Globally 
Mobile Money Surpasses Two Billion Registered Accounts and Over Half a Billion Monthly Active Users Globally 

category Press Release

Mobile money reached two significant milestones in 2024, surpassing two billion registered accounts and over half a billion active monthly users across the globe. The industry took 18 years to achieve one billion registered accounts and 250 million active users from 2001, but doubled in size in the following five years. This is according to…

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Tether and Quidax Collaborate To Drive Blockchain Education in Africa
Tether and Quidax Collaborate To Drive Blockchain Education in Africa

category Press Release

Quidax, Africa’s leading crypto exchange, has announced a strategic collaboration with Tether, the largest company in the digital asset industry. This collaboration aims to enhance blockchain education in Africa by equipping users with knowledge about Bitcoin and stablecoins, starting in Nigeria and Ghana. Through this collaboration, Quidax and Tether aim to empower over 15,000 people…

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PalmPay Joins Zone’s Regulated Blockchain Network to Enhance Payment Reliability
PalmPay Joins Zone’s Regulated Blockchain Network to Enhance Payment Reliability

category Press Release

Zone, Africa’s fastest-growing payment infrastructure company, is pleased to announce that PalmPay, one of Africa’s leading fintech platforms for payment, has joined its decentralized payment network. This integration with Zone’s regulated blockchain network for payment enables PalmPay to fortify its payment capabilities, ensuring reliable, secure, and compliant transactions across its extensive network of 1,200,000 agents…

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African Tech Ventures Unlocking UK Capital Markets and Exits Andrew Fassnidge, Managing Director of Africa Tech Summit, added, “The growth of the African tech industry has been astounding over the last decade, and we are delighted to be back at the London Stock Exchange to celebrate our eighth edition. As the ecosystem matures, London Stock Exchange provides the platform to fuel the next wave of exits and IPOs, helping to grow the next generation of ventures, so exciting times ahead.” Despite the slowdown in investments year-over-year, the London edition continues to showcase Africa’s promising ventures, enabling investors to explore untapped investment opportunities across the continent. According to Partech, in 2023, funding for the African tech sector declined from $6.5bn in 2022 to $3.5bn in 2023, with deals dropping from 764 in 2022 to 547 in 2023. Key highlights of the Africa Tech Summit London, include keynotes, fireside chats, panels, breakout sessions, masterclasses, unparalleled networking opportunities, and deal rooms between entrepreneurs and investors. Final delegate passes can be registered here.
African Tech Ventures Unlocking UK Capital Markets and Exits

category Press Release

Africa Tech Summit London returns for its eighth edition on June 7th, at London Stock Exchange (LSE), to drive investment and capital, while boosting business and connections between African and European stakeholders. The Summit, kindly supported by Amazon Web Services, IFC, London Stock Exchange, Tether Data, Madica VC, Verto, Goodwin, Department for Business & Trade, Flutterwave,…

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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

category News, Press Release

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

category News, Press Release

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

category News, Press Release

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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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
FSCA Awards Licence to Luno, SA’s Largest Crypto Asset Service Provider

category Press Release

South Africa’s largest and oldest crypto asset service provider, Luno, has secured a licence from the Financial Services Conduct Authority (FSCA) to operate as a financial services provider. Luno is the first dedicated crypto asset service provider in South Africa to be awarded its financial services provider licence following the FSCA’s declaration of crypto assets…

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Tappi's Collaboration with MTN Spurs Expansion in Cote d'Ivoire
Tappi’s Collaboration with MTN Spurs Expansion in Cote d’Ivoire

category News, Press Release

Tappi, the end-to-end digital commerce SaaS solution tailored for Africa’s micro, small and medium-sized businesses (MSMEs), has today announced its expansion into Côte d’Ivoire. Building on its rapidly growing operations in Kenya and Nigeria, tappi’s latest country launch will feature an extension of its existing partnership with telecom giant, MTN, marking a significant step forward…

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Africa Money and DeFi Summit and Amazon Web Services Partner to Drive Digital Transformation in Africa

category Press Release

Africa Money and DeFi Summit, creators of Africa Tech Summit are delighted to announce its partnership with Amazon Web Services (AWS) a subsidiary of Amazon.com, to drive digital transformation in Africa. With an unmatched legacy of 12 consecutive years as a Gartner Cloud Infrastructure and Platform Services (CIPS) Magic Quadrant leader, AWS brings its unrivaled…

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