Thursday, May 26, 2022
Topship, a Lagos-based logistics startup helping African businesses export and import goods worldwide, have closed a $2.5 million seed round to improve its technology and fuel growth. The round was led by Y Combinator, Flexport (the world’s leading digital freight...
Barclays and Goldman Sachs have joined in a $70 million funding round in Elwood Technologies, the institutional-grade digital asset platform founded by British hedge fund billionaire Alan Howard. The round was co-led by Europe's largest B2B investor Dawn Capital and...
The partnership between Safaricom and Visa has given birth to a new card virtual that allows payments across borders. The collaboration had earlier developed a physical Kenyan-based card dubbed M-PESA Visa Safari card. But this time they are going...
The Mobile Money Advocacy Group, Ghana (MoMAG), a group that represents over 20,000 mobile money agents across the country has dissociated itself from news making rounds that mobile agents have declared their support for e-levy. In a statement, signed by...
MTN Group has linked the remuneration of senior executives with the Group’s environmental, social and governance (ESG) targets. A statement from MTN said the move supports the delivery of the Group's Ambition 2025 strategy, and in particular the strategic...
Tanzania is edging closer to introducing a central bank digital currency (CBDC) to help counter the rising popularity of cryptocurrencies in the East African nation. “It’s important for us to provide a central bank digital currency as a safe alternative...
Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. Bitcoin dropped to as low as US$33 266 in morning trade,...
Institutional digital asset trading technology firm Talos has secured a $1.25 billion valuation after closing a $105 million Series B funding round joined by Citi and Wells Fargo. General Atlantic led the round, with participation from new investors Stripes, BNY...
The UK Government is to introduce new legislation to protect access to cash and to require banks to refund victims of authorised push payment fraud. The new Financial Services and Markets Bill, announced in today’s Queen’s Speech at the state...
Canadian fintech Neo Financial has hit unicorn status off the back of a C$185 million Series C funding round led by Valar Ventures. Tribe Capital and Maple VC joined the round for Neo, the Calgary-based outfit founded in 2019 by...
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