BitKE

Thepeer, a Nigerian API startup that raised $2.1 million in 2022, has shut down operations due to growth challenges and compliance issues, despite aiming to connect over 400 fintech companies for seamless payment processing.

Luno, the South African crypto exchange, plans to cut 35% of its workforce due to challenges in the crypto market, influenced by the wider tech industry's decline and the fallout from FTX's collapse.

Tunisian fintech startup EasyBank has raised $370,000 to enhance its platform and expand into underserved markets in MENA and France. Founded in 2023, it aims to improve banking accessibility using AI for personalized financial solutions.

Meta is developing a new text-based app, code-named P92, leveraging the ActivityPub protocol to compete with Twitter and Mastodon. It will allow Instagram logins and include features like user bios, verification badges, and tappable links.

Techstars, recently recognized as the most active startup investor on the continent, has unveiled the 12 startups selected for the second cohort of its innovation program based in Lagos, Nigeria, conducted in collaboration with

Press Release
VALR, Africa’s largest crypto exchange by trade volume, has announced an exclusive multi-year partnership with the DHL Stormers, becoming the ‘Official Crypto Exchange Partner’ of the Western Cape’s premier rugby team. Effective September 1 2025, this three-year agreement aligns with

At Flutterwave, from day one we set out with a singular mission: to connect Africa to the world and the world back to Africa. We believed that cross-border payments shouldn’t be a headache. They should be seamless. They should empower multinationals to expand across emerging markets. They should

Peach Payments has partnered with Float to offer merchants an interest-free installment option at checkout, enhancing online shopping. Float uses existing credit cards for payment flexibility, benefiting both consumers and retailers with increased sales and improved financial management.

Kenyan Web3 startup, HoneyCoin, a transformative global payment orchestration platform, has announced a $4.9 million funding round led by the global venture firm Flourish Ventures.
Flourish is joined by a dynamic mix of regional and global investors:
Visa Ventures
TLcom Capital
Stellar

Nigerian fintech startup Opay has seen a 30% increase in valuation, reaching $2.7 billion since its 2021 Series C funding round. Its services and agent banking model significantly boosted its user base and revenue in 2023, aided by a currency shortage in Nigeria.

Mercy Corps Ventures is launching its Crypto for Good Fund, providing $1 million to support Web3 solutions that enhance financial inclusion and climate resilience for underserved communities in emerging markets. Up to 10 startups can receive grants of up to $100,000.