BitKE

Fedi, a financial and data technology company founded by Nigerian Bitcoin advocate, Obi Nwosu, has secured $17 million in a Series A funding round and is preparing to launch an alpha version of Fedi for builders later in May 2023.

“We are excited that with so much interest in this round, we

Tunisian fintech startup My Easy Transfer has secured €400,000 in funding to expand its services for the diaspora, which includes money transfers, mobile top-ups, and bill payments. Established in 2022, it already serves over 10,000 customers and aims to become a payment Super App.

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.

MTN's Ayoba app has achieved 20 million monthly active users in December 2022, doubling its user base from the previous year. The app offers messaging, voice and video calls, and over 100 content channels, emphasizing local content. Ayoba aims for 100 million users by 2025.

Xago, a pioneering South African crypto fintech, has launched Xago Australia Pty Ltd, now registered with AUSTRAC as a Digital Currency Exchange. This expansion enhances its compliance and global reach, facilitating seamless transactions in multiple currencies.

IR4LAB plans to expand into Africa, focusing on innovation in blockchain and AI, as announced at Gitex Africa. The company aims to enhance the continent's digital economy and local capabilities, showcasing blockchain applications in industrial inspection and maintenance.

TymeBank has secured $250 million in a Series D funding round, achieving a $1.5 billion valuation and joining the ranks of African fintech unicorns. Led by Nubank, TymeBank aims to expand its digital banking services in emerging markets like Vietnam and Indonesia.

The Bitcoin network reached a major milestone by processing its one billionth transaction on May 5, 2024, reflecting its efficient handling of an average of 178,475 transactions daily since its inception in 2009.

Jambo, the pioneering force behind Web3 mobile infrastructure aimed at empowering emerging markets, has announced a strategic collaboration with PixelVerse, a trailblazing Telegram-based gaming platform that has engaged over 100 million visitors with its unique Web3 game. This partnership

The new Green Africa Mining Alliance of Africa (GAMA) has officially launched on the sidelines of the Africa Bitcoin Conference 2022 held in Accra, Ghana.
The association is an initiative by Gridless, an East African bitcoin mining startup which recently raised $2 million led by Jack Dorsey’s

Safaricom achieved over $1 billion in earnings for its Kenyan operations in 2023/2024, with a total EBIT of KES 139.9 billion. The company noted strong growth in its M-PESA service and positive momentum in Ethiopia despite facing challenges.

Tether reported a record $5.2 billion profit in H1 2024, with a net operating profit of $1.3 billion in Q2. Their U.S. Treasuries holdings reached $97.6 billion, while Bitcoin reserves decreased to $4.73 billion. Tether is focusing on strategic investments in diverse sectors for future resilience.

Law enforcement in Kenya raided a WorldCoin warehouse, seizing documents and machines linked to user data, prompting the suspension of the company's operations due to privacy concerns and lack of legal registration in the country. WorldCoin aims to address regulatory questions and intends to resume its services.