Lemina Kelvett
Verified intelligence on African private markets — deals, companies, people, and policy — delivered every Friday.
CBN Opens Cohort 2 of Its Regulatory Sandbox to Virtual Asset Service Providers
The Central Bank of Nigeria opened applications for Cohort 2 of its Regulatory Sandbox on August 12, 2026, with a dedicated VASP track for stablecoin, payment-token, custody, and wallet businesses — the application window closes August 31, 2026. Here is what founders and investors in Nigerian virtual-asset businesses need to know about qualifying, and how it fits with the SEC's ₦2 billion capital rule and CBN's 2023 banking guidelines.
Moove raises $250M Series C at $2.1B valuation, led by Mubadala, Toyota's Woven Capital, and Ion Pacific
Central Bank of Nigeria Enforces Ring-Fencing Rules on OPay
Kobo360's Rise and Fall: How a $30M Startup Ended Up Owing ₦10 Billion
This Week by Sector
Moove raises $250M Series C at $2.1B valuation, led by Mubadala, Toyota's Woven Capital, and Ion Pacific
Moove has raised $250 million in a Series C round led by Mubadala Investment Company, with Toyota's Woven Capital and Ion Pacific co-leading, valuing the Lagos-founded mobility fintech at $2.1 billion — capital earmarked for building out an autonomous vehicle business.
Stripe Acquires Paystack to Expand African Payment Infrastructure
Global payment processor Stripe has acquired Paystack, a leading African payment gateway, for over $200 million, marking a major milestone for the continent's tech ecosystem.
Moniepoint Disburses $700 Million in Business Loans to MSMEs
Fintech giant Moniepoint has disclosed that it disbursed over $700 million in credit to micro, small, and medium enterprises (MSMEs), with 75% of borrowers accessing formal business credit for the first time.
Nigeria Dominates Africa's Top Finance Apps: 6 of the Top 10 Most Downloaded
Nigeria has cemented its position as Africa's preeminent financial technology hub, accounting for six of the top ten most downloaded finance applications on the continent.
Moniepoint Disburses $700 Million in Business Loans to MSMEs
M-KOPA Surpasses 10 Million Customer Milestone Across African Markets
Flutterwave Integrates USDC Stablecoin Settlements via Circle Partnership
Nigeria Dominates Africa's Top Finance Apps: 6 of the Top 10 Most Downloaded
Konga Leads $2.7M Pre-Seed Round in FX Infrastructure Startup Stabyl
ThriveAgric Partners with AGRA to Deploy Climate Tech for Farmers
Interswitch: Still Processing Nigeria's Transactions 24 Years Later
