Egypt start-up Nawy receives $52m in Series A funding

The funding will support expansion across the continent, beginning with Morocco.

The telco says fintech innovation and surging data consumption boosted the company’s Q1 results, recording 12.3% year-on-year increase in service revenue.

Iyinoluwa Aboyeji urged founders to make good use of the money invested in their businesses, as doing so would boost investor trust.

PaySika competed in a pitch competition at the AfricArena 2025 Summit against nine other fintech start-ups.

The telco released its 2024 tax transparency report yesterday, saying the amount pertains to various taxes paid in its markets.

While still functioning, the legacy system has limits, and as a result, the ministry will decommission the current legacy system and transition to the newly designed Trust System.

Interledger has partnered with Kanzu Finance, which provides microloans to Ugandan community-based financial groups.

This tax seeks to capitalise on the increasing expansion of electronic payments, which will exceed $619.70 billion in total transactions by 2024.

The resources will help the ADFI partnership catalyse digital financial solutions across Africa.

Alexander Hizikias, co-founder and CEO of eQup, describes fintechs as a movement that is transforming people's lives through increased financial inclusion.

The telco says its performance sharing scheme strengthens its commitment to personnel retention while encouraging collegial success.