Kavak, one of the largest Latam-based startups in the used car business, has issued tokenized debt to invest in the Brazilian car market. According to local sources, the company has already tokenized almost million in commercial notes using Liqi, a tokenization platform, and aims to issue over million. Kavak Bets on Tokenized Debt […]
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Egyptian Fintech Startup Connect Money Secures $8 Million Seed Funding
Connect Money, an Egyptian fintech startup, recently secured million in seed funding. The company plans to launch new business verticals using this investment. Connect Money aims to become the go-to platform for businesses seeking seamless banking services. Successful Capital Raise Demonstrates Investors’ Confidence in Connect Money Egyptian banking-as-a-service fintech startup Connect Money recently closed […]
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Egyptian Fintech Startup Sahl Raises $6 Million in Series A Funding Round
The Egyptian fintech startup Sahl has raised million through a Series A funding round. The startup is set to use the capital raised to strengthen its local operations and fund its expansion into the Kingdom of Saudi Arabia. Sahl’s Strategic Partnerships The Egyptian fintech startup Sahl has raised million through a Series A […]
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Digital ID Startup Spins off From Polygon Labs, Aims to Mitigate AI-Generated Misinformation Risks
Privado ID, previously known as Polygon ID, has announced its spin-off from Polygon Labs on June 13, 2024. The move aims to meet the global demand for digital identity and reputation solutions that work with both onchain and online data. Privado ID’s technology leverages decentralization and private interaction to reduce cost, complexity, and counterparty risk. […]
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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 promptly reimbursing customers for unsuccessful transactions. Eliminating Chargeback Fraud The Nigerian payment infrastructure company, Zone, recently announced the launch of a blockchain-powered point-of-sale (PoS) payment […]
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Crypto Startup Funding Hits $2.4 Billion in Q1
Crypto startup funding rose to .4 billion in the first quarter of 2024, driven by expectations of lower interest rates and the launch of the first U.S. bitcoin spot exchange-traded funds (ETFs), according to Pitchbook data. This funding, spread across 518 deals, marked a 40.3% increase from the previous quarter, even as global venture capital […]
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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 .5 million raised in a seed funding round. Co-founder Sameh Saleh said the startup seeks to empower families by providing financial leverage and contributing to broader economic prosperity in the region. Empowering Financially Excluded Egyptian Families The Egyptian […]
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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 million. Under the terms of the agreement, Lesaka Technologies will pay Adumo .5 million in cash. The funds will be sourced both internally and from external financiers. Lesaka Technologies to Issue Shares […]
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Nigerian Blockchain-Based Payment Startup, Ivorypay, Partners With Stablecoin Issuer, Tether
A Nigerian startup specializing in blockchain-based payments and remittances has entered into a partnership arrangement with the stablecoin issuer Tether. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across the African continent. Ivorypay, Tether Partnership Aims to Boost User Confidence Ivorypay, a Nigerian […]
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Ghanaian Fintech Startup Zeepay Secures $3 Million Equity Investment
The Ghanaian fintech startup Zeepay recently secured a million equity investment from the venture capital firm, Verdant Capital Hybrid Fund. Zeepay plans to use the raised funds to bolster its standing as it prepares for significant growth in 2024. Solidifying Zeepay’s Position in Africa The Ghanaian fintech startup, Zeepay, recently secured a million […]
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