Send App by Flutterwave extends remittance reach to 49 U.S. States with MainStreet Bank partnership Remittances to Africa have doubled over the last decade, reaching an estimated $100 billion in 2022,
Ghanaian clean-tech startup, Kofa raises $5 million funding via SPV Kofa Technologies has recently announced a $5 million fund raise via SPV to expand its battery swapping network with more stations in Ghana
XRP and the Future of Blockchain in Africa’s Financial Systems XRP by Ripple has positioned itself as one of the most important players in the cryptocurrency arena. It is highly effective in ensuring cross-border payments. Besides its financial consequence, the underlying technology of XRP has huge implications for the future of blockchains, with acute effects on developing areas like Africa.
Over 600 Nigerian freelancers and creators gathered at the Geegs & Groove Festival The event by GeegPay, featured insightful talks, the launch of the Raenest USD physical card, and a variety of fun games and prizes.
BD Insider: Why African startups struggle to raise Series A funding A struggle driven by the demands of investors
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Fewer than 5% of seeded African startups make it to Series A 105 companies raised seed funding in 2022. Only 5 have successfully raised their next rounds