Egyptian Fintech Startup Sahl Raises $6 Million in Series A Funding Round
The Egyptian fintech startup Sahl has raised $6 million through a Series A funding round. The startup is set to use the capital raised to strengthen its local operations and…
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Nigerian Minister: Binance Fails to Pay Taxes on Over $20 Billion Turnover
In 2023, Binance generated revenues exceeding $20 billion in Nigeria; however, the company has not paid taxes, a government minister disclosed. The Nigerian official also seemed to refute U.S. lawmakers’…
Russian State Duma Official: International CBDC Settlements to Become ‘Common Practice’ in 5 Years
Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has predicted that international trade will migrate to CBDC for settlements during the next five years. Aksakov stressed that…
Cross Border CBDC Project Mbridge Enters MVP Stage
Project Mbridge, the cross-border central bank digital currency (CBDC) project that seeks to integrate several currencies into a global network, has reached its minimum viable product stage. This means that…
Nigerian Startup Zone Launches Blockchain-Powered Point-of-Sale Gateway
A Nigerian payments company recently announced the launch of a blockchain-powered point-of-sale payment gateway. This gateway facilitates transaction routing to issuers and aims to prevent chargebacks or chargeback fraud by…
Block Subsidiary, TBD, Partners With Chipper Cash for Quicker, More Affordable Remittances
TBD, a subsidiary of Block, owned by Jack Dorsey, has formed a partnership with Chipper Cash, an Africa-focused fintech company. This partnership aims to expedite consumer remittances and make them…
Egyptian Fintech Startup Secures $3.5M in Seed Funding Round
The Egyptian fintech startup Mnzl plans to enhance its lending technology and expand its operations using the $3.5 million raised in a seed funding round. Co-founder Sameh Saleh said the…
Lightning Labs CEO Elizabeth Stark States Stablecoins Are Coming to the Lightning Network
Elizabeth Stark, CEO of Lightning Labs, stated that tokenized assets, such as stablecoins, are next to appear on top of the lightning network (LN), Bitcoin’s layer two scaling protocol. Stark…
South African Fintech Startup Leseka Tech Signs Deal to Buy Payments Provider for $86M
Lesaka Technologies, a fintech startup based in South Africa, recently signed a deal to acquire Adumo, a payment solutions provider, for nearly $86 million. Under the terms of the agreement,…
Macquarie Bank to Go Cashless as the Banking Sector Shifts to Digital-Only in Australia
Macquarie Bank, one of the largest banks in Australia, will not allow its customers to deposit or withdraw cash or cheques from its office branches starting this month. The move…
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