Cross-border tender difficulty soaks SA tech firm

The company said Lagos joins its global network of community-led hubs, expanding access to high-performance blockchain tools and empowering Africa’s next generation of builders.

The government says the company has empowered communities and strengthened the country's digital transformation change management strategy.

The  fintech has received a license from the Central Bank of West African States, enabling it to offer its full suite of digital payment solutions across Senegal.

The six-month initiative, which begins in August, will include one-on-one mentorship, hands-on workshops, and practical sessions to assist founders.

The organisation is leveraging data from mobile wallets and will collaborate with financial institutions to underwrite loans for educational purposes.

Fintech Liquify has raised $1.5 million in seed funding to ramp up its digital invoice finance platform and expand across Sub-Saharan Africa.

LATRO partners with Ouranos to expand telecom, fintech, and fraud management solutions in West Africa, driving digital transformation and growth.

Among the telco's priorities this year are driving commercial growth by expanding the subscriber base and meeting rising demand for data and digital services; and accelerating the platform business.

Morocco has nearly tripled its start-up funding to $94.96 million, positioning itself as North Africa's growing technology powerhouse.

The company says businesses must adopt latest technology that ensures security while maintaining compliance with regulatory standards.

The sector is expected to be worth $2.61 billion by 2030, up 83% from $1.42 billion in 2024, thanks mostly to the rapid growth of fintechs in the country.