BitKE

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The FTX Recovery Trust has withdrawn its motion to limit creditor payouts in specific foreign jurisdictions, including China.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.

Carry1st, Africa’s leading game publisher, introduces EA SPORTS FC™ Mobile top-ups on the Carry1st Shop, in a partnership with Electronic Arts Inc. (EA), the global leader in digital interactive entertainment.
Gamers are now able to recharge their FC Points and Silver in local currency and use the

Kenya is testing a digital ID system using biometric scans for identity verification, set to launch in December 2023. This follows concerns over data privacy due to WorldCoin's activities. The new ID will replace Huduma Namba and serve as a lifelong identification number for accessing government services.

In 2023, MoniePoint processed 5.2 billion transactions worth over $150 billion, marking a 205% growth from 2022. While notable, its volume is less than Kenya's M-PESA. MoniePoint expanded into personal banking, launching a consumer app and debit cards to compete with local fintechs.