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FUNDING | Nigerian Embedded Finance Fintech, Anchor, Raises $2.4 Million After 30% MoM Revenue Growth
Anchor, a fintech startup from Nigeria, has raised $2.4 million in seed funding led by Goat Capital. With partnerships in embedded finance, it offers APIs for banking and payment solutions, facilitating growth for fintechs and SMEs. Since its launch in August 2022, Anchor has expanded its client base from 30 to 270 and achieved notable transaction volumes.
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LIST | Here are the 75 Crypto Firms Granted CASP Licenses by South African Financial Watchdog, FSCA
The FSCA has licensed 75 crypto asset service providers in South Africa, allowing them to offer advice, intermediary services, and investment management. The authority continues to process 374 applications and emphasizes that crypto assets are not recognized as currency.
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Nuzo Launches a Token-based ‘Shop and Earn’ Marketplace in Kenya
Nuzo, an eCommerce platform in Kenya, allows users to earn Nuzo tokens while shopping. These tokens can be used for goods, bills, and crypto swaps. The founder emphasizes community ownership to boost eCommerce, addressing challenges faced by other platforms in the country.
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CELO-2,92%
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RECAP 2025 | Transações com stablecoins atingem recorde de $33 trilhão em 2025, lideradas pelo USDC
Em 2025, os volumes de transações com stablecoins dispararam para $33 trilhão, um aumento de 72% em relação a 2024, impulsionado pelo uso robusto do USD Coin (USDC) e do USDT da Tether em meio à clareza regulatória nos EUA, fortalecendo os seus papéis nas finanças digitais.
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LIST | A Look at the Top 10 Biggest Airdrops in Crypto History
A crypto airdrop is an activity typically performed by blockchain-based startups to help bootstrap a virtual currency project. Its aim is to to spread awareness about the cryptocurrency project and to encourage more people to participate in it when it becomes available.
Coins or tokens are sent
UNI-5,36%
APE-3,95%
DYDX-6,72%
ARB-4,38%
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FINTECH | Struggling Nigerian Fintech, Brass, Acquired by a Consortium Including PayStack, PiggyVest
Paystack has led a consortium to acquire the struggling Nigerian fintech company Brass, enhancing its growth potential with experienced investors. Brass, founded in 2020, focuses on providing financial products for businesses and has seen rapid growth.
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Nigeria’s EchoVC Announces an $8 Million Blockchain-Focused Pilot Seed Fund
EchoVC, a venture capital firm headquartered in Lagos, Nigeria, has announced its maiden blockchain fund ‘EchoVC Chain,’ with a budget of $8 million. The fund is being piloted to support under-represented founders and under-served markets.
“Over the past few years at EchoVC, we have become
DEFI-8,91%
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FUNDING | LoftyInc Capital Closes $43 Million to Invest in Late-Seed Stage Startups Across Egypt, Kenya, Nigeria, and Francophone Africa
LoftyInc Capital has launched the $43 million LoftyInc Alpha Fund to support late-seed tech startups in Africa, addressing capital shortages and focusing on sectors like financial services and healthcare. The fund has drawn investments from diverse global and regional sources, enhancing Africa's entrepreneurial landscape.
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MILESTONE | Aella Credit, Africa’s First Lending Fintech to Enter Y Combinator, Becomes a Micro-Finance Bank
Aella Credit has rebranded as Aella Microfinance Bank to enhance financial services in Nigeria. Founded in 2015, it aims for innovation and inclusivity, providing accessible loans and banking services while ensuring user security and compliance with regulations.
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CTC-4,77%
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