Flutterwave has laid off half of its staff in Kenya and South Africa as part of efforts to reduce operational costs and edge closer to profitability. The restructuring comes as
Ghana-based fintech startup Liquify has secured $1.5 million in seed funding to support its mission of easing cash flow challenges for African SME exporters. The funding round, which was
Kenya and the United Kingdom have signed a renewed five-year Strategic Partnership that will significantly boost investment in Kenya’s digital economy, startups, and small businesses.
Even though the deal
AXIAN Telecom, a pan-African telecommunications and digital services provider, has raised $600 million through a bond issuance set to mature in 2030.
The bond, priced on June 25, 2025, attracted
Senegal-based mobile money platform Wave has raised $137 million in debt financing to accelerate its mission of making financial services more affordable and accessible across West Africa.
Founded in 2018
Solar energy startup d.light has secured over $300 million in new capital to purchase consumer receivables.
The Stanford-founded company is set to scale the distribution of solar home systems
Smilepay, a digital remittance startup backed by Kazana Group, has officially launched its global money transfer service after securing regulatory approval from the National Bank of Ethiopia (NBE).
The platform,
South African Web3 and crypto startup Momint, once seen as a pioneer in the country’s NFT and tokenized asset space, has officially announced it is closing down. The company
Nigerian health tech startup Intron is now expanding into sectors like court transcription and call centers, with live deployments already underway. The startup’s Sahara voice AI suite has outperformed
Africa’s fintech sector is showing signs of recovery after a sharp funding decline between 2022 and 2024. Early-stage fintech startups raised $1 billion in the first half of 2025,
Across Africa, a quiet revolution is unfolding. Tech startups once celebrated as disruptors have matured into market-shaping giants with fintech platforms processing billions, drone networks delivering lifesaving medical supplies, and
Mastercard has struck a partnership with payment solutions provider enza to unlock faster and easier access to payment services for Africa’s growing fintech sector.
The collaboration will give fintech
