Egypt’s Nawy Secures $52M in a Series A Equity Round
Cairo-based real estate technology company Nawy has raised $52 million in a Series A equity round led by Partech, with participation from a strong group of regional and global investors.
These include e& capital, March Capital Investments, Verod-Kepple Africa Ventures, Endeavor Catalyst, DPI (through Nclude), VentureSouq, Outliers, HOF Capital, Plug and Play, and Shorooq Partners.
Alongside the equity funding, the company secured an additional \$23 million in debt financing from Egypt’s leading banks to support the expansion of its mortgage product offering.
Read more: https://techbuild.africa/egypts-nawy-52min-a-series-a-equity-round/#google_vignette
MTN Delivers 19.8% Revenue Surge in Q1, Driven by Fintech Expansion
MTN Group has reported strong first-quarter 2025 results, showcasing a robust operational performance driven by growth in key markets, particularly Nigeria and Ghana. The Group’s service revenue grew by 19.8% in constant currency terms, supported by a 17.9% increase in data revenue and a 17.2% rise in fintech revenue. Total subscribers rose by 4.7% to 296.8 million, while active data users increased by 9.1% to 161.7 million.
The fintech segment maintained strong growth, with transaction volumes rising by 13.9% to 5.5 billion and transaction value reaching $95.3 billion, a 48.9% increase. MTN’s EBITDA margin expanded to 44.1%, reflecting a 5.3 percentage point improvement. Despite a challenging macroeconomic environment, MTN achieved significant gains in its digital and financial services, including progress in network sharing, low Earth orbit (LEO) satellite partnerships, and the separation of its fintech business.
Digital transformation is not about tech but about people, purpose and precision
In the African context, digital transformation is often misunderstood as just a matter of adopting new tools or platforms.
But in my experience, it is far more than that. At its core, digital transformation is about using technology to simplify and speed up how we meet the needs of our customers — not just reactively, but proactively, precisely, and with purpose.
At AdHive, we operate in the advertising space, which inherently sits in a B2B2C environment. Our clients rely on us to help them connect meaningfully with their customers.
PAPSS Hails CBN’s Streamlined Policy, Paving Way for Faster, Cost-Effective African Trade Payments
The Pan-African Payment & Settlement System (PAPSS) warmly welcomes the new circular from the Central Bank of Nigeria (CBN), announcing a significant streamlining of documentation requirements for PAPSS transactions in Nigeria.
This progressive policy, announced on 28 April 2025, sets the stage for faster, more cost-effective, and more inclusive participation by Nigerians and Nigerian businesses, especially Small and Medium Enterprises (SMEs), involved in intra-African commerce under the African Continental Free Trade Area (AfCFTA).
13 APAC-Born Companies Recognized Among Top Global Cross-Border Payment Leaders of 2025
FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual Cross-Border Payments 100 list, highlighting the 100 most influential players in global payments.
Among the 2025 honorees, 13 companies come from Asia-Pacific (APAC), underscoring the region’s growing impact on cross-border transactions.
Released on May 08, the 2025 Cross-Border Payments 100 recognizes industry leaders across the sector. These companies span every segment of the market, from long-established remittances players and banks to neobanks, business-to-business (B2B) platforms, stablecoin providers and regional specialists, and are powering global trade.
Digital Payment Update – Europe’s Payment Future Embraces Digital Wallet Innovation
Significant growth in Europe’s digital payments is anticipated by 2025, propelled by innovative payment methods and evolving consumer preferences. Digital wallets are at the forefront, seeing increasing weekly use in countries like the UK and Germany, while contactless payments continue to gain popularity.
Despite these advances, traditional card payments remain dominant across the continent. Additionally, instant payments and Pay by Bank services are gaining traction, particularly in regions like the Netherlands, showcasing a shift towards seamless integration with banking applications. These trends highlight a vibrant transformation in the digital payment landscape across Europe.
Read more: https://finance.yahoo.com/news/digital-payment-europes-payment-future-124236829.html
