Leading Nigerian fintech, MoniePoint, has raised $110 million in Series C funding led by Development Partners International’s African Development Partners (ADP) III fund to accelerate its growth across Africa.
Other participants in the round include:
African private equity firm Verod Capital,

Fedrok AG, a pioneering Swiss blockchain firm renowned for its innovations in carbon credit tokenization and sustainable Web3 technologies, has launched a new $20,000 blockchain development grant aimed at African developers.
This initiative is designed to foster the creation of blockchain-based

The CBN and ANAACOP launched the ‘Agro eNaira Wallet Engagement’ to enroll five million farmers in northern Nigeria for the 2023-2024 farming seasons, facilitating soft loans through eNaira wallets to improve financial access and streamline support.

StarkWare has launched a $4 million venture fund to support blockchain startups in Africa, focusing on early-stage projects deploying on Starknet. Led by Kheireddine Kamal, the fund targets regions with high blockchain adoption potential, offering grants up to $150,000 and investments up to $500,000.

Tether has invested in Kotani Pay, a Kenyan crypto startup, as part of a strategic Tier 2 investment to enhance partnerships in the growing on-chain economy in Sub-Saharan Africa. This collaboration aims to improve digital asset access and cross-border payments.

Helios Investment Partners has invested $102 million in India's M2P Fintech, a leading BaaS provider. This funding will support M2P's expansion in Africa, where it aims to enhance financial services and capture a growing market.

The Internet Corporation for Assigned Names and Numbers (ICANN) has launched a global Grant Programme granting innovators across Kenya and the world access to a $10 million fund.

New York–listed Super Group, through its South African subsidiary, Super Money, has launched ZAR Supercoin, a digital rand stablecoin backed 1:1 with fiat reserves and redeemable instantly.
Super Group is widely known as the owner of the Betway online gambling platform.
According to Super Money

A total of 16 African startups are part of 200 startups that will be showcasing their products at the TechCrunch 2023 Startup Battlefield, described as an invitation-only cohort of game-changing early-stage startups.
Out of the 16, two of the startups are leveraging blockchain as the technology

In Nigeria’s fast-evolving digital financial landscape, mobile banking apps have become essential tools for enhancing customer experience, expanding access, and deepening financial inclusion.
These applications empower users to conduct a wide range of banking transactions — from transferring

Old Mutual Wealth and Inves Capital are collaborating to enhance liquidity for the ZARP Stablecoin, a South African Rand-linked cryptocurrency. This initiative aims to support decentralized finance and expand the use of stablecoins in emerging markets.

The UNICEF StartUp Lab is a six-month accelerator in Ghana for startups focused on the Sustainable Development Goals benefiting children and youth. It offers mentorship, funding, and expertise, targeting operational businesses that use technology for social impact.