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Moya Money, a South African fintech startup, has relaunched with a new website and products targeting freelancers and small businesses. Founded in 2021 by former freelancers, it aims to empower users in financial management and streamline invoicing. The startup has gained recognition in the fintech sector and invites users to join its waitlist for the upcoming app release.

Safaricom has reduced interest rates on micro-loans under its Fuliza service, effective October 2022, lowering charges for loans under 1,000 Ksh by 40%. This move aims to make borrowing more affordable for Kenyans, following discussions among key financial leaders.

Solana Labs has launched the 'Solana Incubator' program to support Web3 and blockchain projects with fundraising, development, and marketing on its platform. Open for applications until November 30, 2023, the initiative aims to remove barriers for founding teams and facilitate connections with venture capitalists.

Emata, a Ugandan agri-finance startup, has secured $2.4 million in seed funding to enhance digital loans for farmers in East Africa. The investment aims to expand their market presence, particularly in Tanzania, while improving loan accessibility for smallholders in Uganda.

AEONのFolks Financeとの提携により、$FOLKS トークンのユーティリティが向上し、AEON Payを通じた実世界の取引が可能になります。このコラボレーションは、5000万以上の加盟店へのアクセスを拡大し、DeFiと日常の商取引をつなぎながら、将来の採用に向けたAI支払い基準もサポートします。

More than 30 financial institutions in the Common Monetary Area are adopting BankservAfrica's instant cross-border payment system, TCIB, aimed at simplifying peer-to-peer payments. The system offers secure, real-time processing and meets new regulatory standards, with FNB as its first adopter.

Kenya has refused a US request to lift the suspension of the WorldCoin cryptocurrency project, citing concerns about financial safety and integrity, as stated by Interior Cabinet Secretary Kithure Kindiki.

LemFi, a London-based financial services platform tailored for immigrants, has secured $53 million in new funding which will support its expansion plans.
The Series B funding round was led by Highland Europe, a London-based growth-stage investment firm that supports startups generating over €10 mil

Two private companies have announced they are piloting a Ugandan Shilling (UGX) Central Bank Digital Currency (CBDC). The partnership is between:

Global Settlement Network (GSN) – pioneers blockchain infrastructure that powers secure, compliant, and interoperable digital asset ecosystems. Its p

AgriDex, a South African marketplace for real-world assets, raised $9 million to enhance its on-chain agricultural trades, handling commodities with instant settlements and low fees, targeting a $4.5 billion market and projecting $133 million in profits by 2028.

Thepeer, a Nigerian API startup that raised $2.1 million in 2022, has shut down operations due to growth challenges and compliance issues, despite aiming to connect over 400 fintech companies for seamless payment processing.