PAYDAY, a Tunisian fintech and insurtech startup, has successfully secured its first pre-seed funding round led by UGFS North Africa, with participation from TALYS Group and BioProtection SA, valuing the company at $3 million. Founded in 2024, PAYDAY is pioneering an integrated model that combines salary-backed financing with micro-Takaful protection, positioning itself at the forefront…
Egyptian fintech company Money Fellows has reached a groundbreaking milestone, surpassing $1.5 billion in total transactions as it continues to redefine traditional savings and lending systems across the region. With over 8 million users and more than 2 million rotating savings groups completed, the platform has successfully digitized Egypt’s popular Rotating Savings and Credit Associations…
South African AI innovation is stepping onto the global stage as Locstat secures EUR2.5 million (US$2.3 million) in pre-Series A funding to accelerate its expansion into the United Kingdom and the European Union. This strategic investment, led by Portugal Gateway Fund (PGF) and ANZA Capital, will power Locstat’s go-to-market strategy and reinforce its position in…
Hayo has officially launched a transformative end-to-end eSIM platform designed to empower mobile network operators (MNOs) to transition from legacy SIM infrastructure to a fully digital, eSIM-first model. This white-label solution enables telecom operators to deliver eSIM services under their own brand, accelerating time-to-market, enhancing customer ownership, and reducing the financial and logistic challenges associated…
Liquid Intelligent Technologies Zambia has taken a decisive step in empowering small and medium-sized enterprises by launching a new SME digital platform designed to accelerate growth, enhance competitiveness, and drive innovation. This initiative is a strategic contribution to Zambia’s broader digital transformation agenda, offering entrepreneurs a centralised portal that simplifies access to essential digital tools….
Akwa Ibom State is positioning itself as a leading hub for agricultural innovation with the launch of the Nigeria Climate-Smart Village Programme (CSV-P), a transformative initiative aimed at enhancing food security, boosting economic growth, and promoting environmental sustainability. Spearheaded by AgroGreen Dynamics in partnership with the Federation of Agricultural Commodity Associations of Nigeria (FACAN) and…
Ghana’s fast-growing digital banking startup, Affinity Africa, has surpassed the 100,000-customer milestone, marking a major achievement for the company as it continues to redefine financial inclusion across the country. Founded in 2022 by Tarek Mouganie and publicly launched in 2023, Affinity has quickly gained traction as a fully regulated, branchless digital bank, providing accessible, affordable,…
Lisk, a leading growth platform for Web3 founders in high-growth markets, has launched the Lisk EMpower Fund, a $15 million venture initiative aimed at accelerating the growth of startups leveraging blockchain technology to solve real-world challenges in Africa, Latin America, and Southeast Asia. The fund targets early-stage Web3 companies developing practical applications in areas such…
