Tether reported a record $13 billion profit in 2024, bolstered by a $113 billion U.S. Treasury portfolio and $45 billion in USDT issued. The company's growth highlights its significant role in the digital asset space, especially in emerging markets.

For the second consecutive year, Senegalese fintech, Wave, was the only African company featured in Y Combinator’s top 50 highest-earning startups of 2024.
The list includes the likes of:
AirBnB
Reddit
Stripe
Coinbase
InstaCart
Scribd
Zapier
Optimizely
RazorPay
Scale AI
among

Chipper Cash expands its partnership with VISA to enhance card issuance and collaboration in regulatory areas. This move supports their mission for financial inclusivity, building on their history with VISA since 2021 and recent successes in the market.

Bitcoin payments solutions company, Strike, has announced its maiden expansion outside of the United States with several African countries set to benefit from the company’s facilities.
Strike gives customers local fiat on & off-ramps, enabling them to buy and sell bitcoin and USDT through a

The U.S. Treasury Department has lifted sanctions on Tornado Cash following a court ruling deeming its smart contracts not property of foreign entities. This decision marks a significant shift in the regulatory landscape for the crypto industry.

Eden Care, a Rwandan digital health insurance startup, has joined Y-Combinator's 2023 summer batch, marking a significant milestone. The company aims to revolutionize affordable health insurance in Africa, leveraging technology to enhance employee access to healthcare.

Ukheshe, a South African fintech, has acquired EFT Corporation Limited from Loita Transaction Services, enhancing its financial service capabilities after previous acquisitions and partnerships.