Celo joins Africa Money and Defi Summit, Ghana 2022
Celo is a mobile-first open source ecosystem of technologies, organizations and individuals that share a common mission of building a financial system to create the conditions for prosperity for everyone. The Celo ecosystem includes a decentralized, proof-of-stake blockchain technology stack (Celo Platform), a native asset (CELO), three stablecoins (cUSD, cEUR, and cREAL) and the Celo... Read Article →
10 ventures to showcase the exciting future of Web3, FinTech and DeFi in Africa at the upcoming Africa Money & DeFi Summit in Ghana
The Africa Money & DeFi Summit has announced the final shortlist of exciting ventures who will Pitch Live on stage in West Africa to over 400 fintech and crypto leaders, in Accra on September 27th – 28th. The West African edition of Pitch Live has attracted over 200 submissions and strives to showcase leading ventures…
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Metaverse Magna raises $3.2M at a $30M valuation to build Africa’s largest gaming DAO
Metaverse Magna (MVM), a Nestcoin gaming DAO based in Nigeria that distributes mobile games in emerging African markets and builds developer tools for Web3 gaming, has completed a seed sale token round of $3.2 million at a $30M fully diluted value. Investors included South Korean video game developer Wemade, Japan-based blockchain-focused venture capital firm Gumi Cryptos…
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Polygon joins Africa Money and Defi Summit, Ghana 2022
Polygon is the leading blockchain development platform, offering scalable, affordable, secure, and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone, and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 19,000+ decentralized applications hosted,…
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VerifyMe unveils new digital Identity and consumer analytics solution for businesses
Leading identity verification and e-KYC technology company, VerifyMe Nigeria, has unveiled QoreID, a dedicated digital identity, and analytics solution for B2B. QoreID will provide API infrastructure and data services that connect businesses to people and their information across Africa and remain a VerifyMe Nigeria company. Targeted at the medium and enterprise business segment, QoreID provides…
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What Does Ethereum’s Transition to PoS Mean for Polygon
Originally published by Polygon With Ethereum’s switch to proof of stake (PoS) slated for mid-September, Polygon thought it would be appropriate to take a moment and look around, to admire how far Web3 has come. Now is a time to celebrate the builders and dreamers who’ve worked relentlessly on the margins to summon a more…
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Flutterwave Secures Switching and Processing License
The Central Bank of Nigeria has granted Flutterwave, an African payments technology company a Switching and Processing License (CBN)—widely regarded as CBN’s most valuable payments processing license. This license allows Flutterwave to offer customers transaction switching and card processing services. Others include non-bank acquiring, agency banking, and payment gateway services. The Switching and Processing license allows…
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Rapid Rise of Fraud is Fuelling Interest in Liveness Detection Tech
Article by YouVerify Digital onboarding and passwordless authentication have become widely adopted, especially with the advancement of online transaction technology. However, it has also come with the downside of an increase in fraud. Despite there being KYC and AML measures, fraudsters are coming up with creative ways to beat the system, causing a rise in…
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Pezesha raises Pre-series A investment of $11 Million
Pan-African embedded finance Fintech, Pezesha, has raised a pre-series A investment of $11 Million. The round was a mix of $6 million equity and $5 million debt. The funding round, which was led by Women’s World Banking Capital Partners II (WWBCP II), will see the company significantly scale operations in its core markets and grow…
AfricaBlog PostChristina JuhaszFintechfundingHilda MoraaPezeshaWomen’s World Banking Capital Partners IIWWBCP II
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