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Flutterwave, led by CEO Olugbenga Agboola, is expanding its reach across Africa and the U.S. by acquiring licenses to enhance its payment solutions. The focus shifts to enterprise offerings, generating 90% of revenue, aiming to become Africa's leading payment infrastructure.

The Runes protocol, developed by Casey Rodarmor, aims to create altcoins on the Bitcoin blockchain, enhancing token generation efficiency. Launched post-Bitcoin halving, it could boost fees and user engagement, similar to the Ordinals protocol.

Peach Payments has partnered with Float to offer merchants an interest-free installment option at checkout, enhancing the online shopping experience. This innovative approach leverages existing credit cards, increasing average basket sizes and improving conversion rates for retailers.

In a rapidly digitizing world, financial and economic inclusion remain significant challenges, especially in Africa. However, there’s immense potential to use data as a tool to close this gap and promote economic and financial inclusion.
Mukuru is one of the oldest fintech companies in South Africa

The Central Bank of Nigeria has launched its regulatory sandbox, inviting participants to test innovative financial solutions under regulatory oversight. This initiative aims to enhance accessibility, efficiency, and risk management in Nigeria's financial sector.

Nigerian startup Pivo has raised $2 million in a seed round to enhance financial services for SMEs in Africa's supply chain sector. With plans to expand its offerings and geographical presence, Pivo aims to simplify payment processes and offer comprehensive financial solutions.

Partech has raised €245 million for its second AfricaTech Fund, surpassing its €230 million target. The fund aims to invest $1 million to $15 million per startup, indicating increased global interest in African venture capital.

Equity Bank Group reported a net profit increase to KES 16 billion for Q1 2024, driven by growth in subsidiary businesses and regional diversification. The bank is now second in East Africa by assets, emphasizing a cautious lending strategy amid a challenging credit environment.

Global cryptocurrency exchange, FTX, has partnered with fintech company, AZA Finance, formerly BitPesa, to expand the adoption of Web3 and cryptocurrencies in Africa.
AZA Finance is Africa’s biggest non-bank currency broker leveraging digital assets.
In a press release on the AZA Finance