FairMoney grew revenue to ₦121.9 billion in 2024 on deposit-led lending
FairMoney's gross revenue grew by 62% to ₦121.9 billion in 2024. The company's profit after tax rose to ₦5 billion from ₦780 million in 2023.
Yango Group Launches $20M Venture Fund for Startups Across MENAP, Africa, and Latin America
Yango Group launched a $20 million corporate venture fund named Yango Ventures. The fund will focus on seed to Series B investments in high-growth markets.
Online Webinar: Fintech in Africa and the Future of Embedded Finance in 2025
Tech Labari moderating an online webinar Collaboration with Kora
African Angel Investors Balance Risk and Impact in Startup Funding
77% of angel investors invested less than $25,000 in African startups from 2022 to 2024. Half of the surveyed investors use Simple Agreements for Future Equity (SAFE) for investments.
South Africa’s Digital Wallet Trends and Predictions for 2025
Increased adoption of digital wallets among the unbanked population. Emergence of purpose-specific digital wallets for budgeting and savings.
