• E-Naira, Africa’s First Digital Currency, Launched in Nigeria.

    Africa’s largest economy, Nigeria has launched the continent’s first digital currency, the e-Naira issued and regulated by the Central Bank of Nigeria. Nigeria, Africa’s largest economy, has introduced the e-Naira, the continent’s first digital currency. They join a select group of countries around the world that have adopted the...
  • Sendbox Raises $1.8 Million to Digitize Deliveries For African SMEs.

    Sendbox, a Nigerian peer-to-peer delivery platform for social commerce, has secured $1.8m in a seed funding round to scale operations. A Nigeria-based e-commerce fulfillment platform for merchants in Africa, Sendbox has today announced the completion of a $1.8 million seed round from investors including 4DX Ventures, Enza Capital, FJLabs...
  • Cameroon’s Ejara raises $2M To Offer Crypto In Francophone Africa

    Cameroon Financial services platform Ejara has raised a seed round of $2 million led by Coinshares Ventures and Anthemis Group, the company said Thursday. Other investors include Mercy Corps Ventures, Lateral Capital, LoftyInc Capital Management and NetX Fund, and a group of angel investors including CEO of Ledger Pascal...
  • Startup Funding: Andela Announces $200M Investment Led by SoftBank.

    Andela, which helps companies hire remote technology staff, has raised $200 million in new funding led by Softbank with participation from new investor Whale Rock. A global network for remote technical talent, Andela has revealed that it has raised $200 million in Series E funding, valuing the firm at...
  • Sierra Leone’s Fintech EziPaySL names Vickie Remoe as Brand Ambassador.

    Vickie Remoe has been named as the brand ambassador of EziPaySL, a money transfer app that makes it easier for Sierra Leoneans in the Diaspora to send money home. Vickie Remoe, a TV host, writer, and podcaster, has been named a brand ambassador for EziPaySL, a money transfer service...
  • Fintech: pawaPay Closes on Seed Funding of $9M co-led by MSA, 88mph and Others.

    pawaPay originated as part of the payments of pawaTech, a UK software company with more than a decade of experience building Mobile Money solutions for African markets. In early 2020, pawaPay was spun out as a standalone business with the backing of the investors behind pawaTech. Today, pawaPay is already...
  • Reselr.com, a reselling platform made easy, debuts operations in Nigeria

    A social commerce platform that connects people to sell, resell and buy products or bookings, Reselr has launched its services in Nigeria. reselr.com is a new online platform that makes it easy to sell anything you have quickly and securely. From one-time individual sales to full-time sales support for businesses...
  • Cellulant Acquires Ghana License to deploy Tingg Digital Payments

    Digital payments have seen tremendous growth in the past couple of years. As of January 2021, 38.9 per cent of the population aged 15 years and older had a mobile money account in Ghana. The share of mobile money users has increased over the previous three years as Ghanaians...
  • Pan-African Fintech Platform AppZone Secures $10m Series A Funding

    Appzone, the Pan-African fintech software announced the close of its $10mn Series A round from V8 Capital, Lateral Invest Partners & others. Led by CardinalStone Capital Advisers with participation from V8 Capital, Lateral Investment Partners, Constant Capital, and Itanna Capital Ventures, the new round will bolster investment in Appzone’s...