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54 Collective will cease its venture studio operations in Africa following the conclusion of its partnership with the Mastercard Foundation on April 30 2025.
In an internal meeting on February 20 2025, 54 Collective’s leadership informed staff that the closure would lead to layoffs as the firm will

The Central Bank of Kenya will reintroduce lower charges for mobile-to-bank and bank-to-mobile transactions starting January 1, 2023, after waiving them during the pandemic. This aims to promote sustainable growth in the mobile money ecosystem following significant user increases.

Fawry's Buy Now, Pay Later service has reached EGP 1 billion in disbursements within a year of launch, leveraging a large customer base and innovative services. As Egypt's largest e-payment platform, Fawry supports financial inclusion for both banked and unbanked populations.

Leading digital payments provider, Peach Payments, has launched real-time clearance (RTC) payouts for all merchants on its platform in South Africa. The new payouts solution lets merchants top up their float and disburse payments in just minutes.

Says Rahul Jain, CEO and Co-Founder, Peach Paymen

EMTECH launched its CBDC Innovation Kit for fintechs and financial service providers to explore digital currency solutions. Collaborating with the Bank of Ghana, the kit supports innovation and testing in a rapidly evolving financial landscape.

Across Africa, the rise of mobile money and digital payments is reshaping the financial landscape – and the continent’s largest telcos are doubling down.
Faced with surging demand for low-cost, mobile-first financial services, telecom operators are spinning off dedicated fintech subsidiaries,

Nigerian crypto startup Bitmama has raised a total of $2 million, including a recent $1.65 million funding round. Established as a P2P exchange, it offers various services, including trading, payments, and virtual cards. With operations in Nigeria, Kenya, and Ghana, Bitmama aims to expand its market presence and develop new products across Africa.

Lipa Later, a Kenyan BNPL platform, raised $3.4 million in debt funding to expand services and enhance financial inclusion. The firm plans further fundraising and emphasizes growth within the African fintech landscape.

Nigerian fintech Grey has raised $2 million to enhance its virtual currency services for digital workers. This includes free foreign bank accounts, easy currency conversion, and expanded operations in East Africa, starting in Kenya.

PayStack, a company solving payments problems for ambitious businesses in Africa, today announces the launch of The Stack Group (TSG), a parent holding company that will aggregate the tech-focused family of brands connected with Paystack. TSG