TL;DR, Kredete secured $22M Series A funding to take its stablecoin credit card services to the next level, serving 700,000+ monthly users across 30+ African countries with $500M+ in cross-border remittances. AfricInvest, Partech, and Polymorphic Capital funded Kredete’s expansion plans, bringing total funding to $24.75M since 2023 as the platform becomes Africa’s largest payment aggregation…
Kenyan fintech HoneyCoin raises $4.9M led by Flourish Ventures to tackle Africa’s $329B cross-border market. Processing $150M for 50 enterprises and 360K users, the platform uses AI-powered stablecoin rails for instant settlements. Holding MSB, VASP licenses across US, Europe, and Africa, HoneyCoin expands to Mozambique, Zambia, Latin America with Visa-backed debit cards and BaaS solutions driving stablecoin adoption.
TL;DR, Crypto in Nigeria has reached a $400M market valuation with 33.4% adoption rate, as SEC Director Agama recognizes its potential to include 38 million unbanked adults. Nigeria’s SEC Director emphasizes the need for comprehensive crypto regulation framework while acknowledging digital assets’ role in facilitating cheaper cross-border transactions. President Tinubu’s support for digital assets and…
