TL;DR, The NSE, whose profit after tax soared 544%, is now in talks to list five international virtual asset companies on its exchange. Kenya’s new VASP Act allows investors to buy equity in crypto firms via Electronically Traded Products (ETPs), offering a regulated and less volatile alternative to direct token ownership. The NSE is…
TL:DR, Pesalink processed over 8.2 million transactions but still struggles to deliver true payment interoperability across Kenya’s fragmented financial system. Kenya’s payment ecosystem is fragmented with banks, mobile money, and fintechs on separate rails, creating inefficiency and high costs for users and merchants. PesaLink’s future as a universal payment rail is uncertain, facing challenges from…
Following up groundbreaking research showcasing Africa’s fast-paced stablecoin transaction volume, Kredete, a fintech platform, has unveiled the continent’s first stablecoin credit. In Brief Stablecoin credit card by Kredete enables Africans to spend USDC globally with near-instant Stellar settlements. Real-time FX conversions and minimal gas fees make it a genuinely low-cost remittance and spending solution. Integrated…
Fintech solutions are revolutionizing global finance, offering microloans with rates as low as 10%—a game-changer for entrepreneurs in Africa and India. Digital banking transformation enables instant, low-cost transactions via apps like Chipper Cash, bypassing traditional banks and empowering users. AI-driven financial services merge blockchain and AI to build credit scores, detect fraud, and fund farmers—ethically…
TL;DR, Eversend fintech, a capital-efficient African payments startup, processed over $230M with just $1.2M in funding by focusing on strong unit economics, achieving a 62% gross margin and a 19:1 LTV/CAC ratio. The platform evolved from consumer remittances to essential B2B infrastructure, using stablecoins to settle cross-border payments in minutes for African businesses…
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