BitKE

AZA Finance has obtained a payment services provider license in Nigeria, allowing it to offer direct payment and collection services. This will enhance transaction speed and reduce costs for customers. Established as a crypto startup, it has expanded its services across Africa and globally, now aiming to further grow its market presence.

TymeBank has secured $250 million in a Series D funding round, achieving a $1.5 billion valuation and joining the ranks of African fintech unicorns. Led by Nubank, TymeBank aims to expand its digital banking services in emerging markets like Vietnam and Indonesia.

Ghanaian fintech Fido raised $10 million in Series B funding from MASSIF to expand its mobile lending services across Africa. This investment aims to address the SME finance gap, having already served over 650,000 customers with loans.

إثيوبيا تتقدم في خطة الهوية الوطنية الخاصة بها من خلال منح عقد لإنتاج 1 مليون بطاقة هوية Fayda، بهدف التسجيل الشامل بحلول عام 2025. سيعزز ذلك التحقق من الهوية والشمول المالي، بالإضافة إلى نظام هوية رقمية منفصل للتعليم باستخدام بلوكتشين كاردانو.

Nsano Ltd has expanded in East Africa by launching an office in Rwanda, securing Payment Aggregation and Remittance licenses. Established in 2013, the firm enhances digital payments across Africa, now serving over 30 countries, and aims for continued growth.

Fastagger Inc, a Kenyan AI and blockchain startup, has secured funding from Switzerland's CV VC, marking a significant milestone for African Web3 ventures. CEO Mutembei Kariuki emphasized the investment will enhance their innovative solutions aimed at supporting SMEs impacted by climate change.

12 fintech startups have made it to the final round of the 2024 Ecobank Fintech Challenge.
The finalists were announced at the semi-finals, which was held at the Ecobank Pan-African Centre in Lagos, Nigeria, with tie-ins from different countries such as France, Ghana, Côte d’Ivoire, Senegal, and

VIBRA, a Pan-African P2P cryptocurrency platform, has shut down operations in Nigeria, Kenya, and Ghana despite previous claims of a strategic pivot. The company struggled with a costly customer acquisition strategy and a challenging crypto sector.

The IMF has launched a new global payment system called the XC platform, which uses a unified ledger for transactions with CBDCs. It promises lower fees, faster processing, and better information management, facilitating central banks' intervention in foreign exchange markets.

The FTX Recovery Trust has withdrawn its motion to limit creditor payouts in specific foreign jurisdictions, including China. This decision offers hope for creditors, though challenges and potential losses remain, emphasizing the complexity of crypto asset recoveries.