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Algerian SuperApp, Yassir, Raises $150 Million Making it the Most Valuable Startup in North Africa
Yassir, una startup de mercado digital argelina, recaudó $150 millones en una ronda de serie B, alcanzando un total de $193.25 millones desde su lanzamiento. Con más de 8 millones de usuarios, apunta a una expansión continental y global, ofreciendo servicios de transporte, entrega y financieros.
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FUNDING | COCA.xyz Secures Strategic Funding from Stellar to Accelerate Stablecoin Payments Adoption in 200+ Countries
COCA.xyz, the next-generation non-custodial payments app, has just secured a major strategic funding round led by the Stellar Development Foundation (SDF), with additional backing from FunFair Ventures. This investment is set to supercharge COCA’s mission to revolutionize stablecoin
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FUNDING | Pan-African Fintech, Enza, Raises $6.75 Million in Seed Equity After Securing Over 10 Million Monthly Contracted Transactions in Key African Markets
Enza, a pan-African fintech, secured $6.75 million in seed funding to enhance payment solutions for banks and fintechs, promoting financial inclusion across Africa. The investment validates its mission and growth in key markets like Egypt, Nigeria, and South Africa.
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Nigerian Fintech, Nomba (Formerly Kudi), Raises $30 Million Pre-Series B Round Backed by Shopify
Nigerian fintech Nomba has raised $30 million in pre-Series B funding to enhance customized payment solutions for African businesses. Founded in 2016, Nomba serves over 300,000 clients, facilitating $1 billion in monthly transactions. The funding will expand their offerings and improve operational efficiency.
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STABLECOINS | Visa Doubles Down on Cross-Border Settlements Using USDC Stablecoin on Solana
Visa is expanding its cryptocurrency efforts by partnering with merchant companies to use USD Coin on the Solana blockchain for settlement payments, enhancing speed and cross-border transactions using stablecoins.
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MILESTONE | Egypt Issues Africa’s First Chinese Yuan-Denominated Bond Worth 3.5 Billion RMB
Egypt has issued a 3-year Sustainability Panda Bond worth RMB 3.5 billion, becoming the first African nation to do so. This move, supported by the AfDB and the Asian Infrastructure Development Bank, promotes sustainable financing and strengthens ties with China. Proceeds will support green growth under Egypt's financing framework.
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