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LIST | Ivorian Fintech, Daba Finance, Wins the 2024 Ecobank Fintech Challenge
Ivorian fintech, Daba Finance, was crowned grand winner of the 2024 Ecobank Fintech Challenge Winner, taking home $50,000, Ecobank said.

“Winning this challenge propels our mission to make investing and wealth building opportunities available for all. With Ecobank as our partner, we are
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Human Rights Foundation Announces Latest Bitcoin Development Fund Recipients Globally – 3 Out of the 13 are African
The Human Rights Foundation’s Bitcoin Development Fund has announced a new set of grants to go out across the globe to support builders in the industry.
According to the announcement sent to Bitcoin Magazine, ‘Areas of focus include Latin America, Africa, the Middle East, Eastern Europe, and
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REGULATION | South African Crypto Exchange, AltCoinTrader, Receives Category 1 and Category 2 Licences from FCSA
AltCoinTrader, a crypto asset service provider (CASP) based in South Africa, has become the latest crypto assets provider to receive both category one and category two licenses by the Financial Sector Conduct Authority (FSCA).

“AltCoinTrader this week reached a fundamental status by being
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Chipper Cash Lays Off a Further 100 Employees (1/3 of Workforce) – Claims Crypto Department Still Operational
African cross-border financial and crypto services platform, Chipper Cash, has laid off about 100 employees, which is about 1/3 of its workforce, reports indicate.
Some departments have reportedly been reduced to just one person running the entire operation.
Senior employees took to Linkedin to re
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FINTECH AFRICA | Nigerian Fintech, Pivo, Shuts Down Operations One Year Post-Funding
Pivo, a Nigerian fintech that provided banking services to small supply chain businesses, is closing down one year after securing a $2 million seed round.
Established by Nkiru Amadi-Emina (CEO) and Ijeoma Akwiwu (COO) in July 2021, Pivo was a startup that provided banking services specifically
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CRYPTO EXCHANGE | Concerns as Nigerian Crypto App, Patricia, Launches Native Stablecoin Token (PTK)
The Nigerian retail trading app, Patricia, has reportedly transformed the Bitcoin (BTC) and other tokens owned by its customers into its proprietary token called Patricia Token (PTK).
In a recent announcement introducing its new app, Patricia Plus, the company described PTK as a stablecoin pegged t
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FINTECH AFRICA | South African Fintech, SOLmate, Doubles User Base as South Africa’s Digital Wallet Boom Accelerates
South African fintech startup, SOLmate, is riding a wave of explosive growth, doubling its active user base to around 100,000 over the past year. The surge comes amid skyrocketing demand for eWallet solutions and strategic partnerships aimed at expanding access to digital payments in underserved
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STABLECOINS | Stripe’s Stablecoin Play Skips Africa’s Biggest Fintech Hubs – Here’s Why That Matters
Stripe just made a major move in the Web3 space – rolling out support for stablecoins like USDC and USDB across 101 countries. Businesses can now send, receive, and hold stablecoins with the same ease as fiat, thanks in part to Stripe’s 2023 acquisition of Bridge, a crypto infrastructure
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Kenya’s Safaricom Looks to Book $36 Million Idle Loyalty Points
Kenya’s leading telco, Safaricom, has introduced a 3-year limit for its loyalty program designed to encourage customers to redeem the loyalty program points.
According to a local report, $36 million worth of loyalty points had not been redeemed by customers by May 2022, a figure that has
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REGULATION | Mauritius Publishes Consultation Paper on Metaverse for the Financial Services Sector
The Mauritius Financial Services Commission (FSC), the regulatory authority responsible for the regulation, supervision and inspection of financial services has published a consultation paper on metaverse.
According to the commission, the metaverse describes what many expect to be the next
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FlutterWave Raises $250 Million Making it the Most Valuable African Startup at $3 Billion Valuation
African fintech, Flutterwave, has raised $250 million in a Series D round valuing the tech startup at over billion.
The round was led by investors including:
Facebook Co-Founder Eduardo Saverin’s venture capital firm, B Capital Group
Boston-based hedge fund, Whale Rock Capital Management
The l
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