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Fingo Africa, the First Digital-Only Bank in Kenya, Secures Regulatory Approval from the Central Bank of Kenya
Fingo Africa, a YC-backed neobank, is launching in Kenya after securing regulatory approval. It aims to offer significantly reduced fees for financial services to Africa's youth and streamline bank account access within minutes. Partnered with Ecobank, it plans a pan-African rollout.
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REGULATION | Blockchain Tokenization Platform, OwnMali, Gets Admitted into the Capital Markets Authority of Kenya Regulatory Sandbox
CMA Kenya has admitted Infiniti n Beyond Limited into its Regulatory Sandbox for testing the OwnMali blockchain real estate tokenization platform, aiming to enhance property investment accessibility. This marks a significant step for blockchain startups in Kenya.
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FINTECH | Zambian Fintech, Save & Remit, Emerges Winner at the 2023 Africa Fintech Summit Pitch Competition in Lusaka, Zambia
Zambian fintech startup Save & Remit won the Alpha Expo Micro-Accelerator pitch competition at the 2023 Africa Fintech Summit, securing a $2,500 prize. The platform aids cooperatives and SMEs in managing finances via mobile, aiming for expansion beyond Zambia.
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LIST | Founders and Entrepreneurs Speaking at Consensus 2025 – Only One is an African Founder
Consensus is probably one of the largest global events for the Web3 and digital assets industry. The event brings together some of the leading founders, innovators, and companies together to discuss a variety of topics including DeFi, regulation, innovation, and other related topics.
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LAUNCH | PayPal Launches Dollar-Backed Stablecoin, PayPal USD (PYUSD), on the Ethereum Blockchain
PayPal has launched a stablecoin, PayPal USD, fully backed by U.S. dollar deposits and short-term Treasuries. This milestone enables transactions and fund transfers in digital currencies, enhancing payment experiences in virtual environments.
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PRESS RELEASE | Office of the Comptroller of the Currency Announces Conditional Approvals for Five National Trust Bank Charter Applications
The OCC has conditionally approved five national trust bank charters, adding to the approximately 60 banks it currently supervises, pending fulfillment of its requirements.
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LIST | Here Are the 28 Leading African Fintechs Partnering with Circle in New Stablecoin Network
Circle has launched the Circle Payments Network (CPN) to transform cross-border payments using regulated stablecoins like $USDC. Set for a limited release in May 2025, CPN connects diverse financial institutions for real-time settlements, enabling various payment use cases and enhancing global transactions, especially for African enterprises.
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USE CASE | A Campaign to Donate to Pastoralist Communities in Kenya Using Diva Protocol on Polygon Kicks Off
DIVA Technologies, in partnership with Mercy Corps Ventures, Fortune Credit, and Shamba Network, has launched a donation campaign to support pastoralist communities in Kenya affected by climate change and severe drought. The initiative aims to provide cash transfers to beneficiaries based on pasture conditions, helping them sustain their livestock during adversity.
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REGULATION | WorldCoin CEO Grilled by Kenyan Parliament – Says Over 635,000 Kenyans Have Downloaded the App
Tools for Humanity Chief Executive Officer and WorldCoin CEO, Alex Blania, appeared physically in the Kenyan parliament on September 6 2023 where he answered several questions regarding his company’s operations.
The company drew the attention of Kenyan authorities in July 2023 as hundreds
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REGULATION | Kenya Data Protection Office Issues Notice as Locals Throng for WorldCoin Registration
Kenya's Office of the Data Protection Commissioner warns citizens to be cautious when registering for the WorldCoin program, as it involves sensitive personal data. With 350,000 Kenyans already signed up for free tokens, the initiative aims to provide digital identification amidst AI advancements.
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