BitKE

SourceFin, a South African fintech company, has raised $8.2 million in funding from Futuregrowth Asset Management to boost investment in small and medium enterprises, aiming to deploy over $54 million by February 2025.

Kenya is set to become a continental leader in digital asset trading with the launch of the Kenya Digital Exchange (KDX), a fully regulated tokenization platform developed through a strategic partnership between:
DeFi Technologies
SovFi Inc.
Valour Inc., and
The Nairobi Securities Exchange

Empowa is launching Zealy, a community-powered program where members complete tasks to earn rewards for promoting the project and learning about it. The company aims to enhance affordable housing in Africa using NFTs and on-chain payments, benefiting low-income households, particularly women-led ones.

The Lisk Blockchain Incubation Hub has completed its first cohort, training 23 African startups, which received $196,000 in grants and achieved notable success. Applications for the second cohort, starting May 19, 2025, are now open, offering mentorship and additional funding opportunities.

Tools for Humanity Chief Executive Officer and WorldCoin CEO, Alex Blania, appeared physically in the Kenyan parliament on September 6 2023 where he answered several questions regarding his company’s operations.
The company drew the attention of Kenyan authorities in July 2023 as hundreds

Paxos mistakenly minted $300 trillion of PayPal's PYUSD stablecoin due to a technical error, quickly correcting the mistake. This incident, not a result of a hack, raised concerns about transparency and trust in stablecoin management.

The International Monetary Fund (IMF) has expressed disappointment over the relatively low adoption of Nigeria’s Central Bank Digital Currency (CBDC) more than a year since its launch.
Initially, there was some success with wallet downloads, which reached 500,000 units within the first 25 days.

Ventures Platform, a Pan-African VC firm, has closed its early-stage fund at $46 million, exceeding its $40 million target. The fund will support follow-on investments in key sectors, with a focus on expanding its footprint across Africa.

The Kenyan government has dropped financial impropriety charges against Flutterwave, following a freeze on its bank accounts due to money laundering allegations. Flutterwave denied the accusations, asserting compliance with regulatory standards.

Antler, a global early-stage VC firm that launched in Kenya in 2019, has expanded its operations to Nigeria.
Founded in 2017 in Singapore, Antler has established a presence in major entrepreneurial hubs worldwide. The firm has invested in over 400 companies and focuses on identifying and

In 2025, Stripe’s Bridge stablecoin infrastructure experienced a fourfold increase in transaction volume, highlighting a shift towards stablecoins as essential business tools amid a declining cryptocurrency market. This growth signifies the practical use of stablecoins in payments and reflects a trend toward greater integration of digital currencies in global finance.

Revio, a South African payment orchestration platform that assists merchants in streamlining their order-to-cash processes, has disclosed a seed funding round totaling $5.2 million.
This funding round was spearheaded by QED Investors, with participation from:
Partech, as well as ongoing

NALA has received regulatory approval from the Bank of Ghana to launch remittance services in partnership with BigPay, enhancing cross-border payments in Ghana. This expansion reflects NALA's commitment to building financial infrastructure and broadening its payment services.

Kenya leads with 350,000 WorldCoin subscriptions, raising concerns over data security and sovereignty as the firm engaged local agents to collect iris data for global storage. Investigations reveal potential risks due to lack of regulatory approval and physical presence.

South African startup Carry1st raised $27 million in a pre-series B round to develop local games for the African market, expand its game licensing, and enhance its Pay1st monetization service, following a successful previous year.

The Central Bank of Kenya has granted fresh licenses to 19 digital lending services, adding to the 32 that were announced in March 2023.
Officially termed as Digital Credit Providers (DCPs), the move by CBK brings to 51 the total number of services under the regulatory regime. The bank commenced re