African startups developing solutions to social and economic challenges can now apply for up to $1.5 million in funding from the Development Innovation Ventures (DIV) fund.
OPay is considering a listing on the Nigerian Exchange (NGX), which could give Nigerian investors direct access to one of the country’s biggest fintech companies.
UAE-based financial AI platform Oro has raised $3 million in a strategic funding round co-led by MH Ventures and Mapleblock Capital, with participation from M2M Capital, Archer Capital, and X21 Digital.
Saudi Arabia’s HUMAIN has partnered with Microsoft to merge its Arabic-focused artificial intelligence models into Microsoft’s enterprise AI ecosystem, expanding access to systems designed for the region’s language and business needs.
Google Cloud has launched Gemini Enterprise for Financial Services, an AI platform designed to help banks and financial institutions automate research, risk analysis, and other complex workflows.
UAE-based Stellaria has raised $6.8 million in a seed round from a group of angel investors.
Stellaria develops geospatial AI technology that transforms satellite data into AI for businesses and organizations.
Nigerian fintech Moniepoint is phasing out MonieWorld, its UK remittance product, about 14 months after launching the service as it refocuses resources on its core African markets.
Pan-African venture capital firm Ventures Platform has closed its second fund at $84 million, nearly doubling the $46 million raised for its first institutional fund as it deepens its focus across Africa.
Raff, a Saudi-based retail technology startup, has raised $1.7 million from 500 Global, Palm VC, Oqal Group, Salla Co-Founder Salman Butt, and other investors to help digital-first consumer brands expand beyond e-commerce and into physical stores.
South African AI startup Verascient has raised $1.2 million in an oversubscribed seed round. The round was backed by Founder Collective, Andrena Ventures, Cambridge Enterprise and Summit Ventures.
Fasset has joined the global fintech unicorn club after raising $68 million in a Series C round led by Japan’s SBI Group, valuing the stablecoin-focused neobank at $1 billion.
