BitKE

Khazna, an Egyptian fintech startup, has secured $16 million in pre-Series B funding for domestic growth and expansion into Saudi Arabia. The company, founded in 2020, aims to enhance financial inclusion in the MENA region, targeting user deposits and cross-border services.

Ecobank Group and four other major African banks have signed an MoU to use the Pan-African Payment and Settlement System (PAPSS) for cross-border transactions, enhancing financial integration in Africa. The service aims for a January 2024 launch.

Antler, a global early-stage VC firm that launched in Kenya in 2019, has expanded its operations to Nigeria.
Founded in 2017 in Singapore, Antler has established a presence in major entrepreneurial hubs worldwide. The firm has invested in over 400 companies and focuses on identifying and

Kenya is set to become a continental leader in digital asset trading with the launch of the Kenya Digital Exchange (KDX), a fully regulated tokenization platform developed through a strategic partnership between:
DeFi Technologies
SovFi Inc.
Valour Inc., and
The Nairobi Securities Exchange

Unstoppable Domains has teamed up with Polygon Labs to launch .polygon Web3 domains, allowing users to create custom digital identities for seamless access to dApps, crypto transactions, and decentralized websites. A 25% discount is available for early adopters.

AntuGrow, a Nairobi-based startup, excelled in the Near Horizon Accelerator, utilizing blockchain for farmer financing by creating credit scores from harvest records and satellite data. The company aims to connect farmers globally to affordable capital, having achieved significant milestones in just eight weeks.

Gluwa's CEO, Tae Oh, met Sierra Leone's Vice President to discuss collaboration for enabling citizens to engage in the global digital economy through advanced mobile money systems. Gluwa aims to enhance financial inclusion in Africa by integrating its technology with local CBDCs.

M-PESA offers $55 million in daily credit with a low non-performing loan rate, focusing on customer financial health through purpose-driven debt. It has evolved from addressing money transfer issues to supporting corporate financial solutions and fostering partnerships for future growth.

In a conversation with a local South African outlet, Connie Bloem, the Managing Director of Mesh.Trade, a South African tokenized assets exchange, explained what advisers need to understand about integrating stablecoins into portfolios.
Stablecoins now make up 43% of all cryptocurrency