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Blnk, an Egyptian digital lending startup, has raised $23.7 million in funding to enhance its AI-driven lending platform. Launched in 2021, it provides quick loans at the point of sale, promoting financial inclusion in Egypt, where credit card access is limited.

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

Ronin is an Ethereum sidechain developed by Sky Mavis, the team behind popular Play-As-You-Earn game, Axie Infinity, as a solution for scaling NFT games.
Sky Mavis also developed the Ronin

The Central Bank of Nigeria has disputed reports suggesting that its eNaira CBDC threatens financial stability, citing misunderstandings. A recent book discusses CBDC impacts, advocating for broader adoption to overcome current challenges.

VERA, a secure B2B communications platform, has announced a partnership with Cheqd ($CHEQ), a decentralized identity and credential infrastructure provider, to develop a verifiable messaging solution for businesses in South Africa.
Every day, cybercriminals send an estimated 3.4 billion deceptive e

The Tezos blockchain community hosted its first Ideathon in Kampala, Uganda, aimed at creating real-world solutions. Five innovative teams were selected to develop their ideas, vying for a funding prize of 1 million UGX from the Tezos International foundation.

Verod-Kepple Africa Ventures (VKAV) has announced that it has raised $43 million for its pan-African venture fund. The fund’s initial backers include institutions such as SBI Holdings, Toyota Tsusho Corporation, and individual investors like Mr. Osamu Kaneda.
The announcement comes on the back of a

The Bank of Ghana has ordered financial institutions to stop partnerships with Taptap Send due to violations of the Foreign Exchange Act. This directive is effective from November 8, 2024, for one month, aiming to deter non-compliance among remittance service providers.

Nigerian fintech Yuki has joined the Blockchain Founders Group Adrenaline Program, aimed at scaling blockchain startups. The program offers resources, funding, and mentorship to enhance Yuki's solutions for African fintechs, promoting blockchain adoption.

Tether, the company behind USDT, the largest stablecoin, has announced a strategic investment in t-0 Network, a USD₮-powered settlement platform for licensed financial institutions, to enable instant, cost-effective cross-border payments.
Positioned as a competitor to the Circle Payments Network,

Egyptian fintech company Flash has raised $6 million in seed funding to advance cashless payment solutions. With Central Bank approval, Flash uses QR codes for transactions, targeting e-commerce and businesses lacking POS tools.

Samara Asset Group is collaborating with Pareto Securities to potentially issue a €30 million Nordic bond to enhance its investment portfolio, focusing on acquiring Bitcoin and supporting emerging managers.

According to local reports, tokenized financial assets exchange, Mesh.trade, has announced the launch of Bullion Krugerrand Tokens on its platform.
These tokens, issued by gold neobank, TroyGold, represent physical gold, securely stored in Brink’s vaults located in Johannesburg – a facility

Coinbase plans to expand its services to 20 African countries, allowing users to purchase USDC through a partnership with Yellow Card. This aims to enhance economic freedom and reduce remittance fees while connecting local businesses to the global financial system.

House Africa, a Nigerian prop-tech startup, has raised $400,000 to enhance its Sytemap platform, which uses blockchain for secure land transactions. It aims to increase real estate transparency and help users choose and pay for plots online, addressing fraud in land ownership.

Solana has surpassed Ethereum to claim the top position in weekly stablecoin transfer volume, making it the number one blockchain in this regard.
According to data from blockchain analytics platform, Artemis:
Solana’s weekly transfer volume for stablecoins surged to $364.7 billion,
Surpassing Et