Ugandan fintech firm Agent Banking Company (ABC) receives undisclosed investment from Dutch impact investor Goodwell Investments. The funding, part of Goodwell’s $ 167M African startup fund, will expand ABC’s customer base, agent coverage, and services. CEO Richard Jabel says the investment will enhance financial inclusion and services accessibility via mobile phones, agents, and merchants. …
Microstrategy, led by Michael Saylor, has just completed a billion-dollar private offering before acquiring 7,420 bitcoin for approximately $ 458.2 million at an average price of $ 61,750 per coin. The company now holds 252,220 bitcoin, purchased for roughly $ 9.9 billion at an average price of $ 39,266 per coin. …
The Nigerian Institute of Social and Economic Research (NISER) partnered with Soramitsu, a Japanese tech firm, to improve NISER’s research faculty’s knowledge of blockchain technology. Soramitsu will focus on specific areas like SORA, central bank digital currencies (CBDCs), and Hyperledger Iroha. This partnership aims to create a knowledge base and support Nigeria’s development through research […]
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $ 30 million in dollars or …
Omnisient, a South African fintech startup, secured a $ 7.5 million Series A investment from Arise to support its mission of enhancing financial inclusion across Africa and beyond. The investment will help Omnisient expand its technology to African, European, and U.S. markets. The startup is also seeking strategic partners in the U.S. market and …