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FUNDING | Nigerian Embedded Finance Fintech, Anchor, Raises $2.4 Million After 30% MoM Revenue Growth
Anchor, a fintech startup from Nigeria, has raised $2.4 million in seed funding led by Goat Capital. With partnerships in embedded finance, it offers APIs for banking and payment solutions, facilitating growth for fintechs and SMEs. Since its launch in August 2022, Anchor has expanded its client base from 30 to 270 and achieved notable transaction volumes.
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LIST | Here are the 75 Crypto Firms Granted CASP Licenses by South African Financial Watchdog, FSCA
The FSCA has licensed 75 crypto asset service providers in South Africa, allowing them to offer advice, intermediary services, and investment management. The authority continues to process 374 applications and emphasizes that crypto assets are not recognized as currency.
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Nuzo Launches a Token-based ‘Shop and Earn’ Marketplace in Kenya
Nuzo, an eCommerce platform in Kenya, allows users to earn Nuzo tokens while shopping. These tokens can be used for goods, bills, and crypto swaps. The founder emphasizes community ownership to boost eCommerce, addressing challenges faced by other platforms in the country.
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CELO-2.45%
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2025 年回顧 | 穩定幣交易在 2025 年創下 $33 兆的紀錄,由 USDC 領跑
在2025年,穩定幣交易量激增至$33 兆,比2024年增長72%,主要由於美元幣(USDC)和泰達幣的強勁使用,在美國監管明朗的情況下,提升了它們在數字金融中的角色。
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LIST | A Look at the Top 10 Biggest Airdrops in Crypto History
A crypto airdrop is an activity typically performed by blockchain-based startups to help bootstrap a virtual currency project. Its aim is to to spread awareness about the cryptocurrency project and to encourage more people to participate in it when it becomes available.
Coins or tokens are sent
UNI-4.54%
APE-3.41%
DYDX-5.8%
ARB-3.43%
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FINTECH | Struggling Nigerian Fintech, Brass, Acquired by a Consortium Including PayStack, PiggyVest
Paystack has led a consortium to acquire the struggling Nigerian fintech company Brass, enhancing its growth potential with experienced investors. Brass, founded in 2020, focuses on providing financial products for businesses and has seen rapid growth.
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Nigeria’s EchoVC Announces an $8 Million Blockchain-Focused Pilot Seed Fund
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
DEFI-8.57%
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FUNDING | LoftyInc Capital Closes $43 Million to Invest in Late-Seed Stage Startups Across Egypt, Kenya, Nigeria, and Francophone Africa
LoftyInc Capital has launched the $43 million LoftyInc Alpha Fund to support late-seed tech startups in Africa, addressing capital shortages and focusing on sectors like financial services and healthcare. The fund has drawn investments from diverse global and regional sources, enhancing Africa's entrepreneurial landscape.
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MILESTONE | Aella Credit, Africa’s First Lending Fintech to Enter Y Combinator, Becomes a Micro-Finance Bank
Aella Credit has rebranded as Aella Microfinance Bank to enhance financial services in Nigeria. Founded in 2015, it aims for innovation and inclusivity, providing accessible loans and banking services while ensuring user security and compliance with regulations.
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CTC-4.09%
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LIST | VISA Unveils 22 Startups for its 4th Africa Fintech Accelerator – 2 Are Stablecoin Infrastructure Startups
VISA has announced an exciting cohort of 22 innovative startups chosen for its 4th Africa Fintech Accelerator—a signal of rising momentum in the continent’s fintech ecosystem.
Launched in 2023, this 12-week virtual accelerator is part of VISA’s broader commitment to invest $1 billion in Africa
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