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STABLECOINS | Yellow Card Joins the Circle Payments Network to Expand $USDC Access Across Africa
In a recent announcement, Circle revealed that users across 30+ African countries can now access USDC on a broader scale via Yellow Card’s infrastructure. This move is part of Circle’s ongoing push to expand access to digital dollars across emerging markets where stablecoins are increasingly used
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1 Out of the 25 Startups Selected for AWS Inaugural African Fintech Accelerator Program is Blockchain-Based
The Amazon Web Services (AWS) FinTech Africa Accelerator Program has selected 25 fintech startups from a pool of 500 applicants for its inaugural Fintech Africa Accelerator.
The program, whch targeted pre-seed and seed stage fintech startups, will be hosted by AWS’ well-known Startup, Loft Accelera
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FRANCOPHONE AFRICA | Cameroon’s COVA AFRICA Wins 6th Edition of the CATAPULT: Financial Inclusion Africa Program – Togo Edition
From October 16-20, 2023, ten African fintech representatives participated in the CATAPULT: Financial Inclusion Africa program in Lomé, Togo, marking the first French-language session and being the inaugural program in Africa, featuring presentations and Q&A sessions.
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EXPLAINER | A Look at the Unique Avalanche Blockchain
Avalanche is a blockchain platform that supports smart contracts, offering scalability and lower transaction fees. Launched in 2020 by Ava Labs, it uses three interconnected blockchains for asset management, smart contracts, and validation. Its native token, AVAX, is used for transactions and staking, enhancing network security.
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FUNDING | Zambia’s NeoBank, Lupiya, Raises $8.25 Million in Series A to Support Expansion
Lupiya, a Zambian fintech neobank has secured $8.25 million in Series A funding to support the expansion of its operations within its home market and into new markets.
In a Linkedin post, the startup, established in 2016, reiterated its commitment to narrowing the financial inclusion gap for Zambia
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Mozambique RealFi Startup, Empowa, Launches Community Rewards Program After Raising $300,000 from NFT Sales
Empowa is launching Zealy, a community-powered program where members complete tasks to earn rewards for promoting the project and learning about it. The company aims to enhance affordable housing in Africa using NFTs and on-chain payments, benefiting low-income households, particularly women-led ones.
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