Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of
Category: Fintech
Nigerian Fintech Founder: ‘African Fintechs Have a Greater Scale Potential Than Other Tech Startups’
The African fintech industry has grown rapidly over the past few years and this has caught the attention of some well-resourced venture capital (VC) firms.
Report: Africa Fintech Startups Raised $2 Billion in 2021
Africa’s fintech startups are reported to have raised $2 billion in the past year alone. This amount dwarfs the $231 million that was raised in
Bank of Uganda Reportedly Commences CBDC Study
The Bank of Uganda (BOU) has commenced a study that explores the feasibility of issuing a digital currency. However, an executive with the institution warned
Paypal Joins Other Payment and Remittance Providers Suspending Services in Russia
A number of payment and remittance platforms, now including Paypal, have restricted access to their services in Russia as western sanctions over Moscow’s invasion of
Rwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official
The Rwandan central bank may not know whether it can issue a digital currency until December 2022, when it completes a study that looks at
Congo Based Startup Jambo Raises $7.5 Million in Seed Funding Round
A Congo-based Web3 app developer, Jambo, recently said it raised $7.5 million in a seed funding round. According to a report, the startup’s successful seed
Report: Blockchain and Crypto VC Investments Grew Almost Tenfold During 2021 in Latam
A new report issued by LAVCA, the Association for Private Capital Investment in Latin America, has found that the venture capital (VC) investment in the
Flutterwave Raises $250 Million in Series D Funding Round, Startup Now Valued at Over $3 Billion
Fintech startup Flutterwave announced recently that it has raised $250 million from its Series D funding round. The funding round, which attracted international investors, saw
Zimbabwe’s Central Bank Exploring CBDC, Reiterates Opposition to Cryptocurrencies
Zimbabwe’s central bank, which has expressed its opposition to cryptocurrencies in the past, announced yesterday it is presently exploring the feasibility of rolling out its
Tanzanian Fintech Raises $10 Million, Plans to Enter 12 More African Countries
A Tanzanian fintech startup revealed it has raised $10 million in its latest funding round and is planning to use the funds to finance an
Study: US Financial Advisors Expect Proportion of Crypto Holding Clients to Increase by 60%
According to the findings of a new survey, the number of financial advisors currently counseling crypto holding clients is expected to double from the current
