Funding rounds, mergers and the startups building Africa’s financial infrastructure.
Chipper Cash closed a $6 million seed round led by Deciens Capital to scale its no-fee P2P payments across Africa, including a push into Nigeria.
Lagos-based B2B commerce startup Sabi secured $38 million in Series B funding at a $300 million valuation to digitise Africa’s informal economy.
pawaPay raised $9 million to connect every mobile money wallet in Africa through a single payments API built with telcos.
Wasoko and MaxAB formalised a merger of equals — the largest deal of its kind in African tech — creating an eight-country e-commerce footprint.
Appzone, processing over $2 billion annually for 18 commercial banks, raised a $10 million Series A led by CardinalStone Capital Advisers.
PayQin raised €300,000 to grow its e-wallet and virtual debit card service for the underbanked in francophone West Africa.