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African Startups Face Growing Series A Funding Gap
African startups are raising larger funding rounds again, but a growing number of companies are still struggling to progress beyond the early stages of venture capital. While total funding across the continent has increased in 2026, the number of startups successfully reaching Series A has remained surprisingly low, exposing a widening gap in Africa’s startup…
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Bumpa Launches SME Lending Platform With Vendor Credit in Nigeria
Nigerian e-commerce platform Bumpa has partnered with supply chain fintech Vendorcredit to launch Bumpa Capital, a new financing solution designed to improve access to credit for small and medium-sized enterprises (SMEs) across Nigeria. The initiative aims to address one of the biggest challenges facing local businesses — limited access to working capital. Through Bumpa Capital,…
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Opera’s MiniPay Hits 15 Million Wallets Amid Africa’s Stablecoin Boom
Opera-backed stablecoin wallet MiniPay has surpassed 15 million activated wallets, underscoring the growing demand for digital dollar payments across Africa and other emerging markets. Built by Opera and powered by the Celo blockchain, MiniPay was launched in 2023 to make sending and receiving stablecoins as simple as using a mobile money app. MiniPay’s rapid growth…
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NITDA warns Nigerians over AI-driven DeepLoad malware threat
The National Information Technology Development Agency (NITDA) has issued a fresh cybersecurity alert warning Nigerians about a new and rapidly evolving threat known as DeepLoad, an AI-powered malware currently targeting individuals, businesses, and government institutions across the country. In an advisory released through its Computer Emergency Readiness and Response Team (CERRT.NG), the agency said DeepLoad…
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BFREE raises growth funding to scale NPL acquisitions in Africa
BFREE, a Lagos-based distressed credit investor, has raised an undisclosed growth equity round to expand its acquisition of non-performing loans (NPLs) across Africa, signaling growing investor confidence in the continent’s emerging distressed debt market. The funding round was led by AfricInvest through its Financial Inclusion Vehicle (FIVE), with participation from Algebra Ventures and several existing…
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Why Payment Startups Are Targeting Francophone Africa Next
Fincra has expanded its footprint in Africa after securing an Enhanced Payment Service Provider (EPSP) licence from the Bank of Ghana, allowing the Nigerian fintech company to process local transactions and offer payment services directly within Ghana’s financial ecosystem. The move marks a major milestone in the company’s strategy to build cross-border payment infrastructure across…