Lesaka Technologies, a fintech startup based in South Africa, recently signed a deal to acquire Adumo, a payment solutions provider, for nearly $ 86 million. Under the terms of the agreement, Lesaka Technologies will pay Adumo $ 12.5 million in cash. The funds will be sourced both internally and from external financiers. Lesaka …
A Nigerian startup specializing in blockchain-based payments and remittances has entered into a partnership arrangement with the stablecoin issuer Tether. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across the African continent. Ivorypay, Tether Partnership Aims to Boost User Confidence Ivorypay, a Nigerian […]
The Ghanaian fintech startup Zeepay recently secured a $ 3 million equity investment from the venture capital firm, Verdant Capital Hybrid Fund. Zeepay plans to use the raised funds to bolster its standing as it prepares for significant growth in 2024. Solidifying Zeepay’s Position in Africa The Ghanaian fintech startup, Zeepay, recently secured a …
The layer-two (L2) initiative BOB, an acronym for ‘Build on Bitcoin,’ successfully secured $ 10 million during its seed funding round, led by Castle Island Ventures. The financial boost is set to advance the deployment of a Bitcoin L2 that is compatible with the Ethereum Virtual Machine (EVM), aiming to spur creativity across the …
Zone, a Nigerian payment fintech startup that leverages the blockchain, recently raised $ 8.5 million in a seed funding round. An undisclosed portion of the funds will be allocated to cover costs associated with the trial of Zone’s cross-border payment capabilities in 2025. Zone to Expand Its Payment Infrastructure Zone, a blockchain-based Nigerian payments …