Ripple raises $500 million at $40 billion valuation
The investment was led by funds managed by affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall
Kenya’s tax tribunal rules payment switches are VAT-free
Kenya’s payment system might just have gotten its biggest legal shake-up yet. On October 24, the Tax Appeals Tribunal ruled that the Kenya Revenue Authority (KRA)
What must change to unify Africa’s trade and payments landscape?
Despite the African Continental Free Trade Area’s (AfCFTA) promise to unify Africa’s trade and payments landscape, financial institutions still see “limited” impact. Yet, on a
VC firm First Circle Capital secures $6m from IFC to back high-growth fintech across Africa
First Circle Capital, a specialist early-stage venture fund based in Africa and building a concentrated portfolio of high-potential fintech startups across the continent, has secured
Fintech passport: Why a Ghana license now works in Rwanda and vice versa
Something unusual is happening in African finance. Not a billion-dollar funding round or a shiny new app; but a quiet handshake in the form of
FNB Zambia and Airtel Mobile Commerce Launch Groundbreaking Mobile Money on POS Solution
In a landmark move for the country’s digital finance sector, FNB Zambia and Airtel Mobile Commerce Ltd have launched the Mobile Money on POS solution, a first-of-its-kind partnership that
DisrupTech Ventures Invests in Morocco’s Chari to Accelerate Fintech Innovation Across Africa
DisrupTech Ventures, a leading early-stage fintech venture capital fund, announces its investment in Chari, a Y Combinator–backed startup that is transforming Morocco’s retail sector into a nationwide fintech
Ripple acquires UK digital asset and wallet company Palisade
Founded in 2022, Palisade’s lightweight “wallet-as-a-service” technology combines Multi-Party Computation (MPC) and zero-trust architecture with fast wallet provisioning, multi-chain support, and DeFi integration. The acquisition
Kenya and Angola Strengthen Digital Ties to Accelerate Africa’s Infrastructure Transformation
Kenya has reaffirmed its commitment to advancing Africa’s digital and infrastructure growth following a week of high-level engagements at the Luanda Summit on Financing Africa’s
MTN’s fintech has made ₦131.62 billion so far this year, thanks to airtime lending
MTN Nigeria’s fintech arm made ₦131.62 billion ($91.64 million) in the first nine months of 2025, but mostly on the back of airtime lending (Xtratime). The why