#Venture - Web3Africa

The $100M Question: Is PayPal Nurturing African Fintech—or Gradually Becoming Its Master?

KenMichaelsSeptember 26, 2025September 26, 202509 mins

TL;DR, PayPal investment of $100M targets African fintech infrastructure through minority stakes and acquisitions. New $100M fund supports startups with capital, market access, and PayPal’s APIs, yet raises questions of corporate dominance. PayPal’s dual strategy combines genuine financial support for local innovation with strategic positioning to potentially dominate Africa’s digital payment backbone. PayPal’s fresh $100…

Two Nations Dominate Continental Blockchain Venture Capital Funding

KenMichaelsAugust 3, 2024September 1, 202508 mins

TL;DR, Seychelles raised $100 million for six projects in 2023, while South Africa raised $29 million, demonstrating how adequate blockchain funding is aided by regulatory certainty. Two nations with clear laws attracted the most investment in Africa, according to the CVVC study, while 12 countries banned cryptocurrency and 36 had unclear regulations. African blockchain entrepreneurs…

Twelve African Blockchain Startups Secure Millions in Venture Funding

KenMichaelsJuly 19, 2024September 9, 202508 mins

TL;DR, African blockchain venture funding reached $34.7 million across 12 startup deals in 2024, with the continent outpacing global markets by accounting for 6.4% of all venture funding and 12.5% of total deals. Nigeria and Seychelles dominated the African blockchain investment landscape with 10 combined deals, while success stories like Scroll’s $50 million raise and…