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FUNDING | Ugandan Agri-Fintech, Emata, Raises $2.4 Million, Eyes Expansion into Tanzania
Emata, a Ugandan agri-finance startup, has secured $2.4 million in seed funding to enhance digital loans for farmers in East Africa. The investment aims to expand their market presence, particularly in Tanzania, while improving loan accessibility for smallholders in Uganda.
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AEON Partners with Folks Finance to Bring $FOLKS to Nigeria and Other Emerging Markets
AEON's partnership with Folks Finance enhances the $FOLKS token's utility, enabling real-world transactions via AEON Pay. This collaboration expands access to over 50 million merchants, bridging DeFi and everyday commerce while supporting AI payment standards for future adoption.
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BANKING | Over 30 Financial Institutions in Southern Africa to Adopt BankServAfrica’s Cross – Border P2P Clearing System
More than 30 financial institutions in the Common Monetary Area are adopting BankservAfrica's instant cross-border payment system, TCIB, aimed at simplifying peer-to-peer payments. The system offers secure, real-time processing and meets new regulatory standards, with FNB as its first adopter.
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REGULATION | Kenya Resists Efforts from the U.S. to Reinstate WorldCoin, Says Interior and National Administration Minister
Kenya has refused a US request to lift the suspension of the WorldCoin cryptocurrency project, citing concerns about financial safety and integrity, as stated by Interior Cabinet Secretary Kithure Kindiki.
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FUNDING | Emerging Markets Remittance Fintech, LemFi, Secures $53 Million Series B Funding, Now Handling Over $1 Billion in Monthly Payment Volume
LemFi, a London-based financial services platform tailored for immigrants, has secured $53 million in new funding which will support its expansion plans.
The Series B funding round was led by Highland Europe, a London-based growth-stage investment firm that supports startups generating over €10 mil
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CBDC | A Private Ugandan CBDC Pilot Initiative, Backed by Ugandan Treasury Bonds, Gets Underway
Two private companies have announced they are piloting a Ugandan Shilling (UGX) Central Bank Digital Currency (CBDC). The partnership is between:

Global Settlement Network (GSN) – pioneers blockchain infrastructure that powers secure, compliant, and interoperable digital asset ecosystems. Its p
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FUNDING | South African Agricultural Real World Assets Solana Marketplace, AgriDex, Raises Over $9 Million
AgriDex, a South African marketplace for real-world assets, raised $9 million to enhance its on-chain agricultural trades, handling commodities with instant settlements and low fees, targeting a $4.5 billion market and projecting $133 million in profits by 2028.
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SOL-1,63%
AGRI0,13%
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FINTECH NIGERIA | Nigerian API Fintech, ThePeer, to Shut Down and Return Capital to Investors
Thepeer, a Nigerian API startup that raised $2.1 million in 2022, has shut down operations due to growth challenges and compliance issues, despite aiming to connect over 400 fintech companies for seamless payment processing.
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